Bank OZK - Little Rock, AR
posted about 2 months ago
The position is responsible for administering and implementing compensation programs, policies, and procedures to meet Bank OZK's current and future business needs. The role ensures that compensation is consistently administered in compliance with applicable Bank policies and federal, state, and local laws and regulations. The incumbent will collaborate with staff and management to conduct job and competency analysis, ensuring that the compensation structure aligns with the organization's objectives for recruiting, retention, and engagement. Key responsibilities include administering various compensation programs such as base pay, merit programs, short-term incentives, commissions, bonuses, and stock/equity programs. The role requires active participation in compensation surveys, conducting research and analysis on identified markets, pay equity, and compensation trends. Maintaining accurate compensation data across multiple databases and platforms is crucial, as is assisting with the evaluation of jobs and market data to determine competitive pay ranges. The position also involves conducting job and competency analysis by collecting accurate information and writing, editing, and maintaining job descriptions, including classifications and essential job functions. The incumbent will support the salary and workforce budget process by compiling, organizing, documenting, and disseminating relevant data in a timely manner. Additionally, the role includes advising managers and HR staff on pay decisions and requests, ensuring they are competitive, equitable, and compliant with compensation policies and budgetary guidelines. Proficiency in Microsoft Excel and similar tools is essential for conducting modeling, statistical analysis, and costing of base, incentive, and equity pay. The role also requires maintaining current knowledge of HR-related programs, policies, and procedures, ensuring compliance with applicable laws and regulations. The incumbent must produce accurate, thorough, and timely work while meeting commitments and following established policies and procedures. Regular exercise of discretion and judgment in performing essential job functions is expected, along with good punctuality and attendance.