Senior Compensation Analyst
Apply now »Date: Aug 15, 2024
Location: Chicago, IL, US, 60607
Company: Sloan Valve Company
Req ID: 11273
Sloan is the world’s leading manufacturer of commercial plumbing systems and has been in operation since 1906. We are at the forefront of the green building movement and provide sustainable restroom solutions. We manufacture water-efficient products including flush valves, electronic faucets, soap dispensing and sink systems along with vitreous china fixtures for commercial, industrial and institutional markets worldwide.
Sloan is looking for a Senior Compensation Analyst to join our team. This role is a hybrid role, working on-site three (3) days a week in our Chicago Fulton Market office. This role also requires that the incumbent report to our Franklin Park office up to twice a month. As a part of the Total Rewards team, the Senior Compensation Analyst will research, design, implement, and evaluate various compensation, rewards, and recognition programs that support the attraction, engagement, and retention of top talent. This role offers an opportunity to develop knowledge in other areas of total rewards as part of the team. This position will also be responsible for larger-scale system-wide projects related to compensation. This is a hands-on position, ideal for someone with the aptitude to understand and work with complex data; demonstrates a take-action mindset in a changing environment and can demonstrate attention to detail and accuracy from start to finish in developing programs and completing projects.
Job Duties and Responsibilities
-Work on a variety of compensation projects including program design, analysis, budgeting, and implementation of new programs.
-Perform deep analysis on the effectiveness, efficiency, and competitiveness of existing compensation programs, policies, and processes. Develop reports, dashboards, and metrics to identify key trends and opportunities.
-Work with cross-functional partners on the design, implementation, and administration of wage structures, incentives, and rewards program sin support of organizational goals, pay equity, and transparency.
-Serves as SME on projects for larger compensation initiatives. Supports and identifies opportunities for enhancement and change in compensation programs, policies, and procedures. Recommends and implements approved changes to process and policy.
-Assists in the annual compensation planning cycle including testing and ensuring proper functionality of the compensation planning system.
-Build models and conduct analyses supporting compensation programs, special projects, and annual budgeting processes.
-Create and support communication and change management efforts for compensation programs to increase understanding across the organization.
-Partner with other team members, Legal, Finance, and Payroll to complete required pay equity compliance reporting.
-Prepare necessary presentations, scorecards, trends, and graphical illustrations for leadership reviews of compensation programs.
-Works with HRIS to ensure updates regarding compensation-related HR data in the system of record. Acts as a compensation subject matter expert on system implementations impacting compensation.
-Participate in compensation surveys in all pertinent countries, maintain market data database with up-to-date job matching at all times, including loading new survey data, employee data, and job matches.
-Collaborate with HR, Talent Acquisition, Talent Development, and people leaders to keep job descriptions up-to-date and ensure they align with the market.
-Ensure compensation programs are compliant with federal, state, and local regulations.
Partner with other members of the total rewards team on projects, such as developing total compensation statements.
-Mentor and partner with other members of the team as the subject matter expert on the compensation, recognition, and rewards programs for the Company.
-Participate in total rewards program surveys.
-Other duties and responsibilities as required.
Required Qualifications
-Bachelor's Degree
-5+ Years Experience developing, implementing, and administering compensation, recognition, and rewards programs; base pay, variable pay, pay equity, pay transparency, and developing policies, and processes for compliance and organizational success. Must be able to demonstrate working knowledge of salary administration practices including; job analysis, benchmarking, pay equity analysis, pay structure development, incentive plan design, reporting, and other compensation or variable pay techniques.
-Ability to use discretion when working with confidential information.
Actively identifies problemsand opportunities for change and implements solutions where appropriate.
-Advanced level experience working with Microsoft Office Suite (Word,Excel, PowerPoint, etc.).
Preferred Qualifications
-2+ Years Experience administering or developing human resource policy, employee benefit plans, and communications. Knowledge of employee benefit programs including health and welfare, retirement, leaves of absence, etc.
- CCP
-PHR/SPHR
-CEBS or CBP
-Flexible and adaptive to changing business needs.
-Manufacturing Industry experience.
-Ability to build relationships and work cooperatively with others, inside and outside the organization, to accomplish objectives to build and maintain mutually beneficial, PowerPoint, etc.).
We offer a highly competitive compensation and benefits package, including:
- A choice of Medical (with Health Savings Account), Dental, Vision, Rx Insurance for employees and their eligible dependents
- Company paid Basic Life and AD & D Insurance, Basic Accident Insurance, Disability Insurance, Employee Assistance Program, and Well-being Programs.
- Paid time off, Paid Sick Leave, Paid Vacation time, Paid Sick time, Paid Military Leave, and Paid Volunteer time away from work.
- Dependent Care Flexible Spending Account, Commuter Parking and Transit Accounts, and Tuition Reimbursement benefits.
- 401(k) Retirement Savings Plan with a Company match.
- Employee Service Anniversary Awards and Employee Recognition Programs
Diversity, Equity, Inclusion and Belonging (DEIB)
YOU Belong at Sloan
We are intentional in building an inclusive culture that embraces different voices, ideas, and backgrounds. We commit to continuing this ever-growing journey with and for our employees, customers, partners, and community. We are better together when we can be ourselves.
We Are Proud Partners With the Chicago Cubs
We are a Legacy Partner of the Chicago Cubs and we are proud to be the organization’s official water efficiency partner! Through this relationship, which includes the naming rights to Sloan Park, the Cubs’ Spring Training facility in Mesa, Arizona, we have had the opportunity to promote our brand and continue our water conservation efforts in the city of Chicago and around the world.
JOIN AN INDUSTRY LEADER!
For additional company information please visit our website at www.sloan.com.
We Are An Equal Opportunity Employer.
Nearest Major Market: Chicago
Job Segment:
Payroll, Equity, Compensation, HR, HRIS, Finance, Human Resources