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Compensation Analyst

salary Salary :

$90,108 - 113,596 yearly

icon briefcase Job Type : Full Time

Number of Applicants

 : 

000+

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Job Description - Compensation Analyst

Hours:


40


Schedule: 


This position is hybrid and remote eligible for up to 40% of the time. The office location for this position is at ESL Headquarters in Rochester NY. Hours are Monday - Friday 8:00 a.m. - 5:00 p.m. Must be flexible to meet current and future business needs. 


Comprehensive Benefits:


ESL offers a competitive benefits package which focuses on providing a work life balance for all employees. Our benefits include robust options such as our wellness program, family assistance plan, 401k with match, paid volunteer time and Learning & Development training among many others.


Pay and Incentive Plan:


Starting Salary: $102,000  Salary Range: $90,108 - $113,596


In addition to competitive pay and benefits, we offer an annual performance-based incentive that rewards eligible employees for their contributions to our success.


Purpose of Position:


Develop, design, analyze, and administer the company’s compensation programs to ensure that the function is competitive, equitable, compliant, efficient and effectively positioned in the total rewards strategy. This includes the management of UKG HRIS applications, and Payscale/Payfactors.


Accountabilities:


Manage Performance Management and Salary Administration documentation and overall systems to ensure market competitiveness, internal equity and compliance.



  • Develops and administers all aspects of the Performance Plan and Performance Appraisal process for all employees and managers

  • Develops and administers all aspects of the Merit and EIP process (online tool, Merit and EIP budget, all manager and employee communication)

  • Develops training materials and facilitates training sessions

  • Manages on-going vendor relationship and facilitates with internal IT support

  • Analyze organization pay practices and make recommendations for improvement.

  • Develop and document procedures to streamline processes

  • Survey industry trends. Complete compensation surveys and review information obtained from the results. Forecast trends to recommend future program designs. Develop recommendations for review by management.

  • Help administer incentive plan process



    Job Evaluation



    • Evaluate job descriptions to determine appropriate classifications and salary levels

    • Ensure current and new positions are market competitive through analysis and benchmarking


    Ensure Management and employee understanding of compensation programs and practices by providing training, advice and support.



    • Assist in the development of communication tools and training materials to enhance manager and employee understanding of the compensation structure and programs.


    Collaborate and assist the Benefits team



    • Assist Benefits team with analysis, surveys, and any other data needs


    Back up payroll


    Qualifications



    • Bachelor's degree in Finance or Human Resources or 4 years of equivalent directly related experience required

    • Minimum 3 years of experience with extensive data analysis, database management and reporting required

    • Minimum 5 years of directly related experience preferred

    • Strong analytical skills required

    • Effective communication, planning, organization and presentation skills required

    • Ability to handle/secure confidential information of the most sensitive nature

    • Knowledge of pertinent federal and state regulations for compensation programs

    • Strong proficiency in Microsoft Excel, Word and PowerPoint

    • Demonstrates alignment with ESL’s Core Values, mission, vision, and Purpose to help our community thrive and prosper


    We’re committed to diversity, equity, and inclusion. We believe we are a stronger, more successful organization because of this commitment. We strive to ensure a robust talent pool of qualified candidates with a variety of skillsets and capabilities for all our openings. We hire great people and welcome all new hires to our award-winning work environment, which has been recognized by the Great Place to Work Institute since 2010.



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      About the Company

      Esl All Companies

      With outstanding member service, ESL Federal Credit Union provides personal and business banking and wealth management services to the Rochester area.

      Read more about the company

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