Avangrid - Orange, CT
posted about 2 months ago
The position is responsible for the administration of compensation programs and practices for specific business units within the organization. The primary responsibilities include conducting job evaluations, performing market analyses, participating in salary surveys, and making compensation recommendations. The role may also involve leading or assisting with various compensation projects or special initiatives. Additionally, this position supports performance management, incentive plan administration, and merit administration, ensuring that compensation practices align with organizational goals and compliance requirements. In this role, the individual will collaborate closely with HR Business Partners, Talent Acquisition teams, management, and employees to provide day-to-day compensation support and recommendations. This includes analyzing and providing salary recommendations for various employee actions such as new hires, promotions, and reorganizations. The analysis will involve reviewing external market data, internal organizational structures, and equity considerations, along with other relevant factors. The position also entails conducting job evaluations, which involve comparing primary duties and minimum qualifications against external market data, regulatory requirements, and internal salary structures. The individual will support the administration of annual compensation programs, including performance management, annual incentives, and merit increases. Furthermore, the role will assist with regulatory compliance, audit requests, union negotiations, and rate cases, ensuring adherence to effective internal controls. Data reporting and compilation are key aspects of this position, as it requires utilizing information from various sources to compile data for analysis and provide compensation recommendations. The role is responsible for market survey participation and maintaining compensation system data updates. The individual will complete market analyses, internal equity reviews, and create summary statistics to develop new hire or employee compensation recommendations based on thorough analysis. Collaboration and consultation are essential, as the individual will work with HR Business Partners, Talent Acquisition, managers, and employees to address business problems. Clear communication of decisions, reasoning, and supporting analyses is crucial, along with maintaining flexibility to consider additional information from stakeholders that may influence initial decisions. The position also involves assisting with the administration of compensation programs, initiatives, and projects, ensuring that all processes are executed effectively and efficiently.