Sparc Group - Lyndhurst, NJ
posted 2 months ago
The Compensation Analyst position at SPARC Group LLC is a critical role that reports directly to the Compensation Manager. This position is responsible for supporting the administration and analysis of corporate and distribution center compensation programs across the U.S. and Canada. The Compensation Analyst will ensure compliance with minimum wage laws and analyze compensation for both exempt and non-exempt positions. Additionally, the role involves the administration of annual bonus programs and coordination of the annual increase process, working closely with the Compensation Manager. The analyst will also provide project coordination support for recurring and one-time compensation projects, handling highly sensitive and confidential information with the utmost discretion. In this role, the Compensation Analyst will gather, analyze, and interpret compensation data to provide insights to HR, Talent Acquisition, and Finance partners. Staying updated on compensation trends and regulatory developments, such as minimum wage and pay transparency, is essential. The analyst will conduct continuous and ad hoc analyses of compensation data to ensure internal equity and alignment with the company's compensation philosophy. Job evaluations will be conducted to provide recommendations on job classifications and salary grades, ensuring that compensation programs comply with government regulations. The Compensation Analyst will support the annual increase process by collaborating with HR VPs, the Compensation Manager, and the Sr. Director of Compensation and HRIS. They will also develop and generate reports for various compensation analyses and provide backup support for Store Incentive Programs, including various bonus and incentive programs. The role may require travel based on business needs, and adherence to a regular in-office presence is expected to facilitate in-person team interactions and collaboration. The position may also involve performing other duties as assigned by the supervisor, as the company retains the right to modify job duties as necessary.