Compensation Analyst

LG - Englewood Cliffs, NJ

Full-time - Mid Level

Englewood Cliffs, NJ

Computer and Electronic Product Manufacturing

About the position

As a Compensation Analyst at LG Electronics, you will be responsible for administering compensation policies and programs across all business units in the U.S. Your role will involve developing and maintaining tools to ensure fair and competitive compensation practices, conducting market analysis, and collaborating with internal stakeholders to formulate recommendations for salary and incentive reviews. This position requires strong analytical skills and a solutions-oriented approach to resolve compensation-related issues.

Responsibilities

• Prepare the competitive market analysis to determine changes to salary structures and make recommendations for compensation/incentive or commissions plans and general compensation strategies.
• Determine the best market sources to utilize and lead the programming of the compensation tool while developing test scripts.
• Administer compensation programs for all subsidiaries within the U.S.
• Identify problems and suggest process improvement solutions.
• Work closely with the HR team to perform employee pay analysis and internal equity reviews to aid in the determination of pay changes.
• Perform analysis that drives the creation of salary structures.
• Explain compensation practices to key internal stakeholders, as needed.

Requirements

• Bachelor's degree required.
• Minimum of 3 years of experience with success in performing complex compensation analysis and recommendations.
• Requires broad knowledge of all HR practices.
• Ability to apply technical principles to perform job duties.
• Must understand performance management processes and talent acquisition processes in order to understand the downstream impact of compensation decisions.
• Strong communication and presentation skills to educate internal key stakeholders of decisions related to compensation practices and policies.

Nice-to-haves

• Certified Compensation Professional (CCP) preferred.