Senior Compensation Analyst
SkyWater Search Partners is partnering with a global leader in the manufacturing of commercial plumbing systems renowned for their commitment to sustainability and innovation. This is an exciting opportunity for a Senior Compensation Analyst looking for a highly visible position within a growing privately held organization. Your strategic contributions will not only support the attraction, engagement, and retention of top talent but also position you as a key influencer in larger-scale system-wide projects. This role offers significant advancement opportunities into management, recognizing your potential to lead and innovate within a dynamic and forward-thinking environment.
Responsibilities
- Lead and contribute to diverse compensation projects encompassing program design, analysis, budgeting, and program implementation.
- Conduct comprehensive analysis to evaluate the effectiveness, efficiency, and competitiveness of existing compensation programs, developing reports, dashboards, and metrics to identify trends and opportunities.
- Collaborate with cross-functional teams to design, implement, and administer wage structures, incentives, and rewards programs aligned with organizational objectives, emphasizing pay equity and transparency.
- Serve as a subject matter expert (SME) on significant compensation initiatives, identifying enhancement opportunities and recommending and implementing approved changes to processes and policies.
- Support the annual compensation planning cycle, ensuring the proper functionality of compensation planning systems and conducting analyses to support compensation programs and budgeting processes.
- Drive communication and change management efforts for compensation programs, facilitating understanding across the organization.
- Collaborate with Legal, Finance, and Payroll to fulfill pay equity compliance reporting requirements and prepare presentations and graphical illustrations for leadership reviews.
- Partner with HRIS to ensure accurate compensation-related HR data, acting as a compensation SME for system implementations impacting compensation.
- Participate in compensation surveys, maintaining an up-to-date market data database and collaborating with HR, Talent Acquisition, and Talent Development to align job descriptions with market standards.
- Ensure compliance of compensation programs with federal, state, and local regulations, collaborating with the total rewards team on projects such as total compensation statements.
Desired Skills and Experience
- Requirements
- Over 5 years of hands-on experience in developing, implementing, and administering comprehensive compensation, recognition, and rewards programs encompassing base pay, variable pay, pay equity, and pay transparency.
- Demonstrated proficiency in developing policies and processes to ensure compliance and organizational success, with a focus on salary administration practices including job analysis, benchmarking, pay equity analysis, pay structure development, incentive plan design, and reporting.
- Proactive problem-solver with a track record of identifying opportunities for change and implementing effective solutions.
- Advanced proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, etc.), utilizing these tools for data analysis, reporting, and communication. Preferred Qualifications
- 2+ years of experience in administering or developing human resource policies and employee benefit plans, with knowledge of employee benefit programs including health and welfare, retirement, and leaves of absence.
- CCP (Certified Compensation Professional), PHR/SPHR (Professional in Human Resources/Senior Professional in Human Resources).
- Flexibility and adaptability to evolving business needs, with a preference for experience in the manufacturing industry.
- Strong relationship-building skills, capable of collaborating effectively with internal and external stakeholders to achieve objectives and maintain mutually beneficial partnerships.
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ABOUT SKYWATER SEARCH
Start with your Short List
Led by a group of seasoned search industry professionals, SkyWater Search Partners brings new focus to a novel concept, “Short List Search.” Our purpose is to leave a lasting impression on the clients we serve by providing individuals who will make a measurable difference in their business. We strive to consistently deliver great results to our clients in a very timely manner.
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Our practice areas are led by highly experienced executive recruiters who take great care in fully understanding client requirements and candidate qualifications.
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Founded on long-standing relationships and hundreds of successful placements throughout the Twin Cities business community, SkyWater Search Partners is a proven resource for clients and candidates looking to quickly and confidently explore their “short list” of best choices. Count on us to find the best people – and the best fit.
