NEW ENGLAND COMPENSATION CONSORTIUM

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Sr Compensation Analyst at MBTA

  • Monday, June 07, 2021 11:37 AM
    Message # 10601434

    PURPOSE AND SCOPE:

    Under general direction, serves as subject matter expert for compensation processes and functions. Partners with HR staff and business unit leaders to administer compensation programs. Analyzes, audits, and finalizes job descriptions reflecting job responsibilities, activities, duties and requirements. Reviews requests for new or revised classifications to determine appropriate salary grade assignment. Participates in compensation surveys to collect and analyze competitive salary information to determine  competitive position. Review, propose, and cost salary adjustments for conformance to established guidelines, policies and practices. Formulates recommendations regarding development of salary structures, FLSA exemptions, job revisions and organizational structures. Coordinate merit, adjustments, and salary increases processes. Provides analytical support for budget and union related salary actions.

    PRINCIPAL DUTIES AND RESPONSIBILITIES:

    ·       Partners with departments’ management to write and update accurate job descriptions for revised and new positions.   

    ·       Compiles and analyzes salary surveys and obtain comprehensive market data to market price the positions and compare internally to company positions. Recommends new position pay levels based on conclusions made from compiled research.

    ·       Conducts job evaluations and benchmark studies to ensure pay levels are externally competitive and internally equitable.

    ·       Manages job code creation and updates. Finalized job descriptions, create job codes for new positions and send job codes to HRIS. 

    ·       Completes annual salary surveys by matching company’s positions to survey positions and submit to survey companies.

    ·       Reviews internal salary increases and external offers to prospective new hires for internal equity and recommend salary amount. Reviews salaries and actions for compliance to guidelines, laws, etc.   

    ·       Prepares annual salary planning benchmarking, cost analyses, merit matrix adjustments and make recommendations to senior management and roll out salary ranges and matrices to the company.

    ·       Prepares/manages salary increase and merit cycle data worksheets, tools, systems, etc. Coordinates review, approval, and communications with HR Business Partners and business unit managers.

    ·       Participates in annual compensation evaluations responding to questions and providing guidance throughout the process.

    ·       Model financial impact of proposed changes, compression analysis, market competitiveness and salary.

    ·       Collaborate with Labor Relations, HRIS, and Payroll to calculate and implement affiliated salary increases. 

    ·       Acts as a subject matter expert on compensation-related matters and provides comprehensive solutions (within pre-established programs or guidelines) on issues ranging from organization-wide programs to salary offers, completing job evaluations, recommending salary actions.

    ·       Analyzes existing compensation programs, identifies and makes process improvement recommendations.

    ·       Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions. Networks with senior internal and external staff in own area of expertise.  

    ·       May escalate issues to supervisor/manager for resolution, as deemed necessary.

    ·       Mentor/train other staff as applicable. May provide guidance to other staff in tasks that require a higher level of understanding of functions.

    ·       Assist with various projects as assigned by a direct supervisor.

    ·       Other duties as assigned.

    Supervision 

    • ·       No direct reports

    Minimum Education                        

    ·       Bachelor’s Degree from an accredited organization  

    Minimum Experience and Required Skills

    ·       4 years’ compensation, human resources, and/or business analysis experience;

    ·       2 years direct compensation analyst experience including merit and job evaluations

    ·       Strong excel, business reporting knowledge including formulas, pivot tables, vlookups, charting/visualizations

    ·       Strong organizational skills with the ability to meet deadlines while with multiple priorities.

    • Working knowledge of HRIS and database systems
    • Working knowledge of state, federal, and local laws regarding compensation.

    ·       Excellent oral and written communications skills.

    ·       Excellent consulting skill, along with strong interpersonal and negotiation skills.

    ·       Ability to manage confidential information.

    ·       Ability to build strong business relationships and provide excellent customer service.

    ·       Ability to research, analyze and interpret data.

    • Working knowledge of PC applications and Microsoft Office applications required.

    Preferred Experience and Skills

    • ·       World at Work certification (CCP or GRP), SHRM Certification (SHRM-SCP, SHRM-CP), other certifications, or related coursework.

    ·       Knowledge of compensation salary planning and/or survey data warehouse systems

    • ·       Working knowledge of unions and heavily regulated environments
    • ·       Bachelor’s in business, analytics, and/or communications
    • ·       Two or more years of compensation in consulting or corporate environment


    Substitutions

    ·       7 years’ in compensation, human resources, and/or business analysis experience substitutes for bachelor’s degree

    Apply Here:

    https://www.mbta.com/careers

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