The Compensation Analyst is responsible for the development and administration of market competitive compensation programs. This includes analyzing, evaluating, and classifying new and existing jobs, utilizing external and internal market data to make appropriate recommendations, and evaluating compliance with current regulations. The Analyst will collaborate with senior leadership to identify and develop improvements to enhance existing practices that promote Nouryon’s ability to attract, retain and motivate employees. The ideal candidate will enjoy working in a high-deliverable, time-sensitive, fast-paced environment. Exercises initiative and judgment on a regular basis.
JOB RESPONSIBILITIES:
- Carry out analytical assignments involving the development, implementation, and administration of compensation programs.
- Support benchmarking process by participating and analyzing industry survey data and working with compensation consultants to determine competitiveness of Nouryon’ s compensation programs.
- Oversees the maintenance of job descriptions, ensuring appropriate review, approval and updates that accurately reflect the work being performed.
- Responsible for the analysis, evaluation, and classification of new and existing positions, utilizing data to help make appropriate recommendations.
- Review proposed salary adjustments for conformance to established guidelines, policies and practices.
- Act as a key contributor to the annual merit award process. Collaborate with HRIS team for system administration, data integrity and auditing of reporting.
- Act as a key contributor to the assessment and upgrades of compensation applications and systems. Collaborate with HRIS for administration, testing, implementations, and upgrades of systems.
- Collaborate with the Director of Compensation and Compliance, Training Team, and Marketing to assist in the design, development and maintenance of compensation related training and education materials.
- Collaborate with the Director of Compensation in reviewing existing and proposed statutory requirements governing compensation administration and recommend appropriate courses of action
- Assists with cost analyses to be used in employee negotiations and collective bargaining agreements.
- Provides support with HRIS system maintenance responsibilities.
- Demonstrate regular attendance and timeliness in reporting to work, meetings, and completing assignments.
- Ability to work and interact well with others.
JOB REQUIREMENTS:
- Bachelor’s degree or equivalent work experience in a related field (HR, Business, Finance, Statistics or other technical/analytical position).
- Minimum of 5 years of directly related experience in compensation programs
- Advanced proficiency with Microsoft Excel
- Ability to exercise sound and timely judgement
- Advanced ability to research, compile and synthesize information, make recommendations
- Maintain the highest level of confidentiality of sensitive information.
- Excellent listening, written and oral communication skills
- Self-starter with excellent organizational skills and ability to pay close attention to detail
- Ability to conduct clear and concise presentations
- Ability to juggle multiple tasks while still delivering high quality results
- Ability to work both independently and as a member of a team with a strong sense of urgency and initiative
