Compensation Analyst

Bruegger's - Brooklyn Center, MN

Full-time

Brooklyn Center, MN

Food Services and Drinking Places

About the position

As a Compensation Analyst at Caribou Coffee, you will play a pivotal role in designing, developing, and implementing compensation and incentive packages that are essential for attracting and retaining talented team members. This position requires close collaboration with the HR team, executives, and department managers to ensure that the organization maintains a fair and competitive rewards system that aligns with the company's overarching goals and values. Your contributions will be critical in ensuring compliance and integrity in compensation processes while supporting educational initiatives related to rewards and recognition plans. In this role, you will analyze, design, and administer various employer compensation programs, including base pay, long and short-term incentives, spot bonuses, commissions, and stock options. You will be responsible for creating and communicating pay structures, grades, compensation budgets, and guidelines. Additionally, you will advise managers on effective pay decisions that enhance employee engagement and comply with compensation policies and budgetary guidelines. Evaluating jobs, developing and maintaining job descriptions, and participating in compensation surveys will also be key components of your responsibilities. Your expertise will be essential in conducting research and analysis on market competitiveness, pay equity, and compensation trends, ensuring that Caribou Coffee remains a competitive employer in the market.

Responsibilities

• Analyze, design, and administer employer compensation programs including base pay, long and short-term incentives, spot bonuses, commissions, and stock options.
• Design and communicate pay structures, grades, compensation budgets, and guidelines.
• Advise managers on effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines.
• Evaluate jobs and develop and maintain job descriptions and job architecture.
• Participate in compensation surveys and conduct research and analysis on market competitiveness, pay equity, and compensation trends.
• Oversee job evaluations, market pricing, leveling, and benchmarking processes across the company.
• Lead the support of the merit cycle process for field and support center partners.
• Create and maintain compensation policies and processes that support attraction and retention goals for the organization.
• Create and facilitate training to inform leaders and other stakeholders on compensation philosophies and best practices.
• Serve as compensation contact to HR partners and other stakeholders to provide advice, direction, and guidance on compensation matters.
• Manage internal total rewards statement and offer letter processes.
• Oversee administration of Short-Term Incentive plans (STIP) and Long-Term Incentive plans (LTIP).
• Drive compliance through awareness and oversight of programmatic needs related to FLSA, pay transparency, and other applicable laws.

Requirements

• 2-4 years of Analyst-level experience with compensation.
• Bachelor's degree or higher with a concentration in Human Resources or a similar field.
• Proficient in Microsoft systems, including Outlook, Excel, Word, and PowerPoint.
• Ability to analyze, document, and present data for a variety of audiences at different levels within the organization.

Nice-to-haves

• SHRM certification
• Workday HRIS experience
• Data analytics and reporting experience