Senior Compensation Analyst

$80,100 - $134,400/Yr

McKinstry - Seattle, WA

Full-time - Mid Level

Seattle, WA

Specialty Trade Contractors

About the position

McKinstry is seeking a Senior Compensation Analyst to join our Human Resource team in Seattle, Washington. In this pivotal role, you will provide expert compensation consulting services to business unit leadership and key human resources staff, ensuring alignment with company goals. Your responsibilities will encompass a wide range of compensation-related tasks, including the review and development of compensation plans, management of the compensation cycle, and effective communication of compensation recommendations. You will monitor the effectiveness of compensation policies and procedures, conduct market research to ensure competitive pay practices, and maintain the integrity of compensation data and documentation. Additionally, you will play a key role in the design and administration of variable pay programs, such as sales and bonus programs. As part of managing the compensation cycle, you will conduct annual compensation reviews, benchmark against market standards, and manage the merit increase program. You will also provide advice and counsel to HR colleagues and business unit leadership regarding compensation decisions, policy interpretation, and job pricing. Your analytical skills will be crucial as you perform various analyses of employee data and produce relevant reports. Furthermore, you will oversee the complete lifecycle of job creation or revision, ensuring that job descriptions are formatted correctly and finalized appropriately. To succeed in this role, you will need a Bachelor's degree in Business, Finance, or a related field, along with at least five years of experience in compensation program analysis, design, and administration. Strong analytical, statistical, and problem-solving skills are essential, as well as the ability to consult and collaborate effectively with business leaders and HR colleagues. Excellent communication and presentation skills are required to convey complex information effectively. Proficiency in Excel, including advanced features, and a working knowledge of HRIS and payroll reporting systems are also necessary. Familiarity with applicable regulations such as FLSA, OFCCP, and EEOC will be beneficial. You will be expected to demonstrate excellent customer service in response to inquiries from company leaders and HR colleagues.

Responsibilities

• Monitor effectiveness of compensation policies, procedures, and guidelines and recommend changes as needed.
• Conduct research around market trends and best practices, including compensation surveys to ensure competitive pay practices.
• Build and maintain processes to ensure the integrity of compensation data and associated documentation, including job descriptions.
• Keep apprised of federal, state, and local compensation regulations; develop and document policy and procedures to ensure regulatory compliance.
• Play a key role in variable pay program design, implementation, and administration (such as sales and bonus programs).
• Conduct annual compensation reviews, benchmark against the market, and recommend changes to geo ranges as appropriate.
• Manage the merit increase program, including pay increase recommendations, communication, and implementation.
• Make recommendations for improvement in process and workflow relating to compensation administration.
• Provide advice and counsel to human resources colleagues around compensation decisions, methodology, policy, and strategy.
• Provide advice and counsel to business unit leadership on pay decisions, policy interpretation, and job pricing.
• Assist HR Business Partners as needed to provide training to business unit leadership pertaining to compensation matters.
• Perform various analyses of employee data and produce relevant reports.
• Lead projects related to compensation-related matters as assigned.
• Oversee the complete lifecycle of creating a new job or revising an existing job.

Requirements

• Bachelor's degree in Business, Finance (or similar field), or equivalent experience; CCP or SCP certification preferred.
• 5 years of experience in the analysis, design, and administration of compensation programs (salary structures, pay ranges, job pricing, compensation survey methodology, base pay, variable pay, etc.).
• Experience managing projects.
• Experience with compensation survey tools.
• Understanding how to link compensation practices to company goals and objectives.
• Strong analytical statistical, and problem solving skills.
• Ability to consult and collaborate effectively with business leaders and HR colleagues.
• Excellent communication and presentation skills, including the ability to present complex information effectively to business leaders.
• Strong Excel skills including advanced features (pivot tables, look-ups, macros, etc.).
• Working knowledge of HRIS and payroll reporting systems.
• Working knowledge of applicable regulations (such as FLSA, OFCCP, EEOC, etc.).
• Ability to demonstrate excellent customer service in response to questions from company leaders and HR colleagues.

Nice-to-haves

• CCP or SCP certification preferred.

Benefits

• Competitive pay
• 401(k) with employer match and profit-sharing plan
• Paid time off and holidays
• Comprehensive medical, prescription, dental, and vision with low or zero deductible options and low out of pocket maximums
• Family formation benefits, including adoption and IVF assistance
• Up to 16 weeks paid parental leave
• Transgender inclusive benefits
• Commuter benefits
• Pet insurance
• “Building Good” paid community service time
• Learning and advancement opportunities via McKinstry University
• McKinstry Moves onsite gyms or reimbursement for remote workers