Taylor Communications - Minneapolis, MN
posted about 2 months ago
Taylor Corporation is seeking a Compensation Analyst who will play a pivotal role in leading the compensation aspect of our total rewards strategy. This position is designed for an individual who is ready to take on challenges and contribute to the organization's goals by analyzing compensation programs for market competitiveness and ensuring they meet employee needs. The Analyst will be responsible for overseeing the salary structure process, utilizing both external market data and internal data to make informed recommendations for changes to the structure and salary ranges. This role requires a proactive approach to providing consultation and guidance to HR team members regarding compensation adjustments, compression analysis, and compliance with FLSA requirements and federal contractor pay rates. In addition to overseeing the annual merit pay process, which includes assisting with budget recommendations and creating the merit matrix for budget alignment, the Compensation Analyst will also assist managers and HR with unique compensation situations. The role involves maintaining the incentive pay program to ensure consistent levels of incentive pay are upheld, and working closely with the finance team during the annual incentive pay calculation and payment process. The Analyst will also maintain a compensation timeline to ensure that all key processes are completed by their target dates. Active participation in meetings with brokers to discuss benefit strategies, compliance requirements, and other projects is also a key responsibility. Furthermore, the Analyst will provide data analytics to support internal decision-making and recommendations for change.