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Compensation Analyst

Function: Human Resources
Location: Staples Corporate Center, Framingham, MA US
Date posted: 12/6/2017 5:01:41 PM
Type: Full-time
Permanent / Contract: Regular
Job number: 1034121
Description

Under supervision, assists in the development, implementation, and administration of compensation programs. Evaluates salaried, hourly, and middle management positions.  Assesses competitive practice and the organization’s competitive position for specific programs.  Prepares reports, makes recommendations, and interprets policies and procedures.  May lead or participate in projects in areas such as job evaluation, pay programs, salary structures, compensation surveys and other compensation related projects.  Assists in development and administration of specific compensation programs in the areas of base salary, short and long-term cash incentive programs and awards.                         

 

Key Job Responsibilities

Impact on Business

  • Assists in the development, implementation, and administration of compensation programs. This may impact the business in the millions of dollars.
  • Primary Compensation responsibilities for specific functional area and/or provide backup compensation support to multiple functional areas as it relates to analysis of job evaluations, salary recommendations, responding to Compensation tickets, administration and maintenance of compensation programs.
  • Conduct analyses for external competitiveness and internal equity.  Identify trends and draw conclusions on findings.  
  • Act as the main Compensation support for PeopleSoft set up for Job Codes and auditing of PeopleSoft employee data to ensure accuracy.
  • Preparation of salary surveys, ad hoc compensation surveys and compilation of survey Market data for salaried and hourly positions. 
  • Participate in Compensation projects such as annual benchmark, annual merit process, market reviews, etc.
  • Prepare a variety of special reports on a scheduled basis and ad hoc analysis as needed for VP Compensation and team to monitor the integrity and competitiveness of our compensation programs.
  • Support the administration and communication of bonus programs.  This includes prepping, calculating, uploading payouts, and reporting in an accurate and timely manner.  

Innovation and Change

  • Evaluate existing Compensation reporting, recommend and implement improvements and efficiencies to make the process faster, more accurate, and easier to administer.
  • Analyze Compensation ticket patterns and recommend solutions to reduce quantity and improve programs effectiveness.

Internal & External Customers/Suppliers as well as Third Parties

  • Contacts are primarily with direct supervisor and other exempt professionals in the group, department and within HR.
  • Participate in salary survey process.  Gather appropriate compensation data elements as required by each survey.  Work with survey vendors to ensure appropriate data submission.

 

Key Performance Indicators

  • Able to conduct compensation analysis for external market competitiveness
  • Able to level a job via Staples Job Evaluation process or Hay
  • Able to prepare a compensation recommendation in Excel and/or PowerPoint

Qualifications

Education/Experience Equivalent (Minimum Requirements)

  • Bachelor’s degree and 0 to 2 years HR or Analytical experience

 Professional Knowledge/Experience

 

  • Ideally, Excel knowledge with the capability to develop complex formulas to identify root causes or data patterns.  Access knowledge a plus. 

Other Skills

  • Excellent communication skills.  Ability to build relationships with business partners and assess needs of the business
  • Inter-personal communications in a team environment
  • Comfortability with numbers or statistics
  • Deep interest in analyzing data and ability to see beyond the numbers to drive sound decision-making
  • Solutions are client service-oriented, with an emphasis on creativity and diligence

 

Staples is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, age, national origin, protected veteran status, disability, or any other basis protected by federal, state, or local law.

 


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