Compensation Analyst

$59,300 - $80,000/Yr

Carnival Cruise Lines - Miami, FL

Full-time - Mid Level

Miami, FL

Scenic and Sightseeing Transportation

About the position

Princess Cruises, Holland America Line, and Seabourn offer world-renowned vacations at sea to travelers around the globe. This is an opportunity to join a dynamic, unified organization as part of their highly experienced team in our corporate office. We're looking for an experienced Compensation Professional to fill this role. You'll be responsible for supporting the administration and analysis of the organization's compensation programs. Contribute to compensation and analytical activities including the design, development, modelling and costing of base pay programs to evaluate internal equity, external market competitiveness and legal compliance of pay practices. Monitor all Federal, State and local regulatory requirements and maintain tracking files. As a Compensation Analyst, you will carry out analytical assignments involving the analysis and administration of shoreside compensation programs. You will analyze and evaluate new and existing positions to assess level, grade placement and pay range. Utilizing internal and external data, you will formulate recommendations when working with HR Business Partners and provide support to client groups in facilitating changes related to department reorganizations. Additionally, you will analyze new and existing roles for appropriate exempt or non-exempt FLSA classification, maintaining compliance with internal practices and external regulatory requirements. You will track changes to minimum wage and salary exempt thresholds, analyze cost impact of increases, and provide recommendations based on your review of data. Your role will also involve participating in salary surveys and analyzing survey data to determine the competitiveness of compensation programs. This may require data mining for hard-to-benchmark jobs followed by data collection, analysis, and feedback on results. Keeping abreast of trends regarding compensation issues and legislative or regulatory updates will be crucial, as you will assess trends to determine applicability to existing and/or new policies, practices, and programs. You will support compensation projects such as merit processes, EEO and SOC updates, incentive payouts, and other projects. Monitoring the Shoreside Compensation mailbox and responding to questions will also be part of your responsibilities, engaging HR Business Partners or Compensation Consultants when needed.

Responsibilities

• Carry out analytical assignments involving the analysis and administration of shoreside compensation programs.
• Analyze and evaluate new and existing positions to assess level, grade placement and pay range.
• Utilize internal and external data to formulate recommendations when working with HR Business Partners.
• Provide support to client groups in facilitating changes related to department reorganizations.
• Analyze new and existing roles for appropriate exempt or non-exempt FLSA classification; maintain compliance with internal practices and external regulatory requirements.
• Track changes to minimum wage and salary exempt thresholds, analyze cost impact of increases and provide recommendations based on review of data.
• Assist HR Business Partners to implement required changes.
• Participate in salary surveys and analyze survey data to determine competitiveness of compensation programs.
• Keep abreast of trends regarding compensation issues and legislative or regulatory updates.
• Support compensation projects such as merit process, EEO and SOC updates, incentive payout and other projects.
• Monitor the Shoreside Compensation mailbox and respond to questions.

Requirements

• Associate or bachelor's degree in human resources preferred.
• Two years previous experience with compensation function at a global company.
• Experience utilizing compensation theory, principles and practices to perform independent analysis of compensation programs.
• Professional certification in specialty area or course work through the World at Work professional association is preferred.
• Experience in the hospitality or cruise industry a plus.
• Experience with compensation research and salary analyses.
• Experience explaining technical analysis and results in an understandable way to client groups and management.
• Compensation knowledge, including state and federal wage and hour laws.
• Strong quantitative, critical thinking and problem-solving skills, with ability to research and analyze various types of data.
• Excellent verbal and written communication skills, presentation, and facilitation skills as well as interpersonal skills.
• Ability to manage multiple tasks and priorities in a fast-paced environment.
• Ability to understand management principles sufficiently to soundly advise line management in compensation matters.
• Well organized, detail-oriented and confident to work independently while performing as a strong team player.
• Commitment to maintaining confidentiality and sensitivity to employee information.
• Proficient in Microsoft Office applications; advanced knowledge of Microsoft Excel required, including VLOOKUP, Pivot Tables, and Conditional Formatting.
• Experience with HRIS databases and the ability to quickly adapt to learn new systems.
• Works with a sense of urgency.
• Comfortable working with ambiguity.
• Demonstrate high motivation to deliver, learn and grow your abilities and contributions.
• Customer focused attitude.
• Must be legally authorized to work in the United States.

Nice-to-haves

• Experience in the hospitality or cruise industry a plus.
• Professional certification in specialty area or course work through the World at Work professional association is preferred.

Benefits

• Cruise and Travel Privileges for You and Your Family
• Health Benefits
• 401(k)
• Employee Stock Purchase Plan
• Training & Professional Development
• Tuition & Professional Certification Reimbursement
• Rewards & Incentives