Spectrum - Charlotte, NC
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 effectiveness analytics. The primary objective is to help the company attract and retain talent through strategic compensation practices that maximize organizational effectiveness. In this position, the analyst will perform complex analyses and data modeling of reward and recognition programs to ensure alignment with business objectives, such as salary planning, merit increases, and variable pay programs. The role also includes administering performance review and merit-rating programs, supporting training and communication requirements related to compensation initiatives. The analyst will conduct annual reviews, including internal equity assessments, merit movement analyses, and pay ratio evaluations, to provide insights and recommendations. The Sr Compensation Analyst will collaborate with the HR Technology team to ensure that the HRMS system meets compensation needs and is updated to reflect changes in salary structures and analytical data. Additionally, the analyst will provide guidance to HR and business partners on compensation matters, conduct job evaluations for various management positions, and ensure compliance with the Fair Labor Standards Act. The role also involves supporting the development of career paths to attract and retain talent, participating in compensation surveys, and reviewing requests for new or revised classifications to determine appropriate salary grade assignments. Overall, this position requires a proactive approach to problem-solving and the ability to influence stakeholders across the organization, ensuring that compensation strategies align with both organizational goals and market competitiveness.