Spectrum - Saint Louis, MO
posted 2 months ago
The Sr Compensation Analyst position is a critical role within the Compensation Department, responsible for providing high-level analytical support to enhance the effectiveness of compensation programs and processes. This role involves assisting in the planning, design, and administration of various compensation initiatives, including job evaluations, survey completions, design modeling, and plan effectiveness analytics. The primary objective is to support the company in attracting and retaining talent through strategic compensation practices that align with organizational goals and maximize effectiveness. In this role, the analyst will perform complex analyses and data modeling of reward and recognition programs to ensure they meet business objectives, such as salary planning, merit increases, and variable pay programs. The analyst will also assist in administering performance review or merit-rating programs and support the training and communication requirements of compensation programs. Conducting annual reviews, including internal equity assessments and merit movement analyses, will be essential to ensure fair and competitive compensation practices. The Sr Compensation Analyst will provide project management and analytical support for the execution of the company's compensation strategy, collaborating with the HR Technology team to ensure that the HRMS system meets compensation needs and reflects necessary updates. Additionally, the analyst will conduct job evaluations for various positions to ensure competitive and equitable pay practices while complying with the Fair Labor Standards Act. Supporting the development of career paths and participating in compensation surveys to analyze competitive salary information will also be key responsibilities. The role may involve leading cross-functional team projects and addressing compensation-related issues as they arise.