Henry Schein - Melville, NY
posted about 2 months ago
The Compensation Analyst position at Henry Schein is a critical role responsible for the implementation and administration of various compensation processes. This includes overseeing salary administration, bonus plan administration, and Long-Term Incentive Plan (LTIP) administration. The analyst will evaluate salaried, hourly, and professional positions, making compensation recommendations to the business based on thorough analysis. This role requires preparing and reviewing job descriptions, evaluating jobs using established systems, and ensuring compliance with company policies regarding wage and salary changes. The analyst will also participate in compensation surveys and assist in updating the salary structure as needed. In terms of bonus plan administration, the Compensation Analyst will own and drive the International Executive Performance Incentive Plan process. This involves data collection, populating award templates, and ensuring the accuracy of awards. The analyst will collaborate with business and finance teams to assign correct budgets to participants and assist in administering the U.S. annual bonus programs. Additionally, the role includes responsibilities related to the Long-Term Incentive Plan, such as preparing exhibits for the Compensation Committee, processing restricted stock vesting, and conducting audits. The position requires proficiency in various systems, including Microsoft Excel, Workday, iSchein, and MarketPay, as well as a solid understanding of employment law and compensation regulatory requirements. The analyst must possess strong analytical, problem-solving, and communication skills, along with the ability to exercise judgment within defined procedures. Professional maturity and the ability to deliver difficult messages empathetically are also essential for success in this role.