Sr. Compensation Analyst

LG - Englewood Cliffs, NJ

Full-time - Mid Level

Englewood Cliffs, NJ

Computer and Electronic Product Manufacturing

About the position

As a Sr. Compensation Analyst at LG Electronics, you will play a pivotal role in administering compensation policies and programs across all business units in the U.S. Your primary responsibility will be to develop and maintain tools that ensure fair and competitive compensation practices in line with established guidelines and policies. This role requires you to conduct various types of analyses to contribute to the development of salary ranges, particularly focusing on sales compensation plans. You will collect and analyze compensation market data to assess LG's competitive position in the market. Additionally, you will determine grade level assignments based on established criteria and prepare analyses for special studies, including legal and leadership requests. As a key member of a high-performing team, you will collaborate with internal stakeholders to formulate recommendations for ad hoc salary and incentive reviews and administer incentive plans. The ideal candidate will possess strong analytical skills to review existing and proposed statutory requirements governing compensation administration. As a solutions-oriented analyst, you will recommend actions to resolve compensation-related issues and suggest appropriate courses of action.

Responsibilities

• Prepare the competitive market analysis to determine changes to salary structures and make recommendations for sales incentive plans or general compensation strategies.
• Determine the best market sources to utilize and lead the programming of the compensation tool while developing test scripts.
• Administer compensation programs for all subsidiaries within the U.S.
• Identify problems and suggest process improvement solutions.
• Work closely with the HR team to perform employee pay analysis and internal equity reviews to aid in the determination of pay changes.
• Perform analysis that drives the creation of salary structures.
• Explain compensation practices to key internal stakeholders, as needed.

Requirements

• Minimum of 5 years of experience with success in performing complex compensation analysis and recommendations.
• Requires broad knowledge of all HR practices.
• Ability to apply technical principles to perform job duties.
• Must understand performance management processes and talent acquisition processes to understand the downstream impact of compensation decisions.
• Strong communication and presentation skills to educate internal key stakeholders on decisions related to compensation practices and policies.
• Bachelor's degree required. Certified Compensation Professional (CCP) preferred.