Columbus Mckinnon - Charlotte, NC
posted 4 months ago
The Senior Analyst, Compensation at Columbus McKinnon plays a crucial role in designing, implementing, and administering compensation programs and policies that are essential for attracting and retaining top talent. Reporting directly to the Sr Director of Total Rewards, this position requires both independent work and collaboration with various stakeholders to ensure that compensation strategies align with organizational goals. The Senior Analyst will conduct thorough analytical assessments and evaluations to address complex issues, thereby supporting decision-making processes, policy development, and the administration of compensation-related activities. Compliance with all relevant state and federal regulations is a key responsibility of this role. In this position, the Senior Analyst will perform compensation analyses for new and existing roles, comparing them against market data to evaluate the effectiveness of the current compensation strategy. The role involves leading the implementation and maintenance of market-based salary structures on a global scale. Additionally, the Senior Analyst will administer the annual incentive plan for all global participants, which includes determining eligibility, calculating payments, and preparing necessary statements. The administration of equity plans is also a significant aspect of this role, requiring the processing of equity grants, dividends, stock option exercises, and the vesting of restricted stock units. The Senior Analyst will prepare equity-related files for payroll, accounting, and tax departments, ensuring accuracy and compliance. Another critical responsibility is leading the annual merit review process, which involves preparing market data and providing tools to business unit leaders to facilitate annual compensation adjustments. Participation in external compensation surveys is expected to provide detailed analyses of competitive compensation trends and ensure compliance with wage and hour laws. The Senior Analyst will also lead the preparation of the Compensation Discussion and Analysis (CD&A) for the annual proxy statement and assist in preparing materials related to compensation and equity plans for the Compensation Committee of the Board of Directors. Other related duties may be assigned as necessary.