Senior Compensation Analyst

$94,500 - $125,000/Yr

DSV - Woodbridge Township, NJ

Full-time - Mid Level

Woodbridge Township, NJ

10,001+ employees

Support Activities for Transportation

About the position

The Senior Compensation Analyst at DSV is a pivotal role responsible for supporting the administration and implementation of various compensation programs within the organization. This position plays a crucial part in translating strategic objectives into actionable results, focusing on areas such as compensation analysis, position evaluations, and compliance with legal standards. The analyst will engage in a variety of tasks including the development and maintenance of compensation programs that align with company goals, ensuring that the organization remains competitive in the market while adhering to regulatory requirements. In this role, the Senior Compensation Analyst will analyze and benchmark jobs against market data to determine competitive compensation ranges. This involves gathering data from compensation surveys and utilizing advanced data analysis techniques to assess market trends. The analyst will also prepare and maintain accurate job descriptions, ensuring they reflect the actual work performed by employees. Additionally, the position requires evaluating job classifications under the Fair Labor Standards Act (FLSA) and assisting the Talent Acquisition team with new hire offers and promotions. The Senior Compensation Analyst will lead the annual merit compensation process, coordinating with various departments to ensure accuracy and compliance. This includes preparing eligibility data, consolidating information, and working closely with Payroll. The role also involves conducting internal research to assess compensation programs across multiple locations, ensuring pay equity and market competitiveness. The analyst will be responsible for administering bonus programs, maintaining compliance with equal pay laws, and preparing annual reports related to Equal Employment Opportunity (EEO) and Affirmative Action Plans (AAPs). Overall, this position requires a detail-oriented individual with strong analytical skills, capable of working under pressure and managing multiple projects simultaneously. The Senior Compensation Analyst will play a key role in shaping the compensation strategy of DSV, contributing to the overall success of the organization.

Responsibilities

• Analyze, develop, and maintain compensation programs to meet company objectives
• Participate or lead special projects (e.g. pay structure development, job descriptions, AAPs)
• Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position; review annually and recommend percent adjustment as applicable
• Gather data from market-based compensation surveys; use spreadsheets and data analysis techniques to assess results and market trends
• Prepare and maintain job descriptions for each position in the organization; ensuring descriptions accurately reflect the work being performed by incumbents through interviews with managers, Talent Acquisition team and HR Business Partners
• Evaluate job positions, determining FLSA classification of either exempt or non-exempt status and assign wage range
• Assist Talent Acquisition team and HR Business Partners on new hire offers, transfers, and promotions as requested
• Lead the administration of annual merit compensation process by compiling employee eligibility, position, salary, and other information, providing managers with individual spreadsheets, consolidating returned sheets, preparing EC mass upload template, and coordinating with Payroll for accuracy and processing
• Provide cost analysis leading up to and during the annual merit increase process as requested
• Complete annual EEO reports
• Lead annual OFCCP Affirmative Action Plan data collection and preparation in partnership with DSV outside counsel and HR Director and assist with associated analysis and actions to be taken
• Administer annual, quarterly and monthly bonus programs for both managers and operations staff (currently only A&S and some Group)
• Ensure compliance with equal pay laws, acts or statutes
• Administer monthly service anniversary award program (currently only A&S)
• Assist with compensation and equity related communications
• Participate in compensation surveys and perform associated analysis
• Study market trends to assist in developing effective compensation programs
• Conduct internal research and analysis to assess compensation programs, and procedures across multi-state locations within the freight forwarding industry
• Assist with annual compensation analysis, using internal and external tools, to ensure pay equity and market competitiveness
• Ensures compensation programs and policies comply with legal and regulatory requirements
• Annually review to ensure current salaries do not fall below minimum wage
• Annually review to ensure exempt status positions still comply with legal and regulatory requirements
• Other duties as assigned

Requirements

• Bachelor's degree in Business Administration, Human Resources, or related field preferred
• 3 years' experience in compensation administration (5+ years preferred)
• Good understanding of job evaluations and compensation analysis
• Proficient with compensation research and data analysis
• Must have strong and proven analytical skills, and be detail-oriented, accurate in maintaining records and electronic filing systems

Nice-to-haves

• Strong proficiency in basic MS Office applications
• Excel - Intermediate, prefer advanced
• Ability to work on several projects simultaneously with adherence to deadlines
• Ability to prioritize tasks
• HRIS systems and reporting
• Understanding of FLSA regulations
• Ability to maintain high degree of confidentiality
• Ability to work effectively in high-pressure situations that require sound decision making and may involve confidential or sensitive matters
• Must be outgoing, friendly, and able to engage others in conversation on the phone, in person and online; strong communication skills
• Must be dependable, self-motivated, organized, and professional with the ability to work without supervision
• Ability to build relationships and influence and advise business leaders and HR business partners on complex, sensitive or contentious issues
• Problem-solving, critical thinking, deductive reasoning, inductive reasoning, and analytical skills