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Sr Compensation Analyst
Company | Northwestern Mutual |
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Location | Milwaukee, WI, USA |
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Salary | $76650 – $142350 |
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Type | Full-Time |
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Degrees | Bachelor’s, MBA |
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Experience Level | Senior |
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Requirements
- Bachelor’s degree in business, human resources, finance, math or equivalent degree.
- Minimum of 5 years compensation experience including experience with job evaluations, market pricing, and leading various compensation programs throughout entire lifecycle.
- Experience consulting to HR partners and business leaders on compensation practices and programs.
- Exceptional analytical and mathematical skills.
- Strong business acumen to include knowledge in current and future practices, trends and information affecting the business and organization.
- Demonstrated ability to apply knowledge across complex business areas.
- Proven ability to build a strong rapport with people at all levels of the organization and influence without authority.
- Demonstrated ability to integrate among the various Human Resources disciplines.
Responsibilities
- Maintains internally equitable and consistent salary administration and determines job levels and pay structures through job evaluation process.
- Partners in the design, implementation, and administration of compensation programs unique to assigned business areas.
- Collaborate with Business HR teams on development and maintenance of job creation, job classification, salary/pay grades, and job descriptions in accordance with internal standards and market prevalence.
- Lead enterprise salary survey strategy. Ownership of end-to-end survey administration process, including utilization analysis, budget review, participation, and results.
- Lead compensation programs from end-to-end. Develop project plans, communications, training, analysis, and influence change management and process improvement across various HR teams.
- Manages partnership with various HR teams such as talent acquisition, employee relations, and/or HR analytics.
- Lead annual marketing pricing review process by creating the project plan, developing communications & resources, analyzing data, and partnering with broader compensation team, HR, and the business to execute data-driven recommendations.
- Relationship manager and internal subject matter expert for market pricing tool vendor.
- Analyzes market data using mathematical modeling (regression analysis, linear modeling, etc). Analyzes competitive position for total comp, short and long-term incentives.
- Makes recommendations to compensation leadership team on salary range movement, market adjustments, and adjustments to competitive pay programming.
- Other duties as assigned.
Preferred Qualifications
- MBA in business or related field or CCP (Certified Compensation Professional) designation desirable