Business Analyst with HR Compensation

Business Analyst with HR Compensation

BCforward is currently seeking a highly motivated Business Analyst with HR Compensation, Remote.

Position Title: Business Analyst with HR Compensation

Location: Remote (Newark, NJ)

Anticipated Start Date: 02/05/2024.

Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.

Expected Duration: 06 Months Contract with Strong Possibility of Extension.

Job Type: [FULL TIME (40 HRS WEEKLY)] [CONTRACT], [REMOTE]

Pay Range: $46/hr - $47/hr.

Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).

Experience: 10+ Years experience in HR Compensation.

Job Description:

• Evaluate job positions, determining classification, exempt or non-exempt status, and salary. Provide advice on the resolutions of classifications and salary inquiries. Partner with HRBPs/ HR Client Directors when communicating results of position evaluations and FLSA classifications.
• Ensure company compliance with federal and state laws, including reporting requirements. Prepare occupational classifications, job descriptions, and salary scales which are stored in the system of record (Employee Central).
• Advise managers and employees on state and federal employment regulations, compensation policies, personnel procedures, and classification programs.
• Prepare reports, such as organization and flow charts, and career path reports to summarize job analysis and evaluation and compensation analysis information. May plan, develop, evaluate, improve, and communicate methods and techniques for selecting, promoting compensation, and evaluating effectiveness. Assess the need for and develop job analysis instruments and materials.
• Compile and prepare employee information such as base salaries, incentive targets/ payouts, grade levels, etc. for salary survey participation and submission. Compile and submit organizational information for submission to survey sources. Surveys include compensation, salary budget, and compensation policies and procedures survey participation submissions. Create and present PowerPoint presentations relating to compensation philosophy for HRBPs/ HR Client Directors and LOB Leaders.
• Consult with and serve as an SME between HRBPs and LOB Leaders when discrepancies arise within LOB members, regarding equity, incentives, and grade level variances. Collaborate with HRBPs on any issues/ concerns relating to the area of compensation practices and policies. Analyze organizational, occupational, and potential industrial data to guide HRBPs when they need to facilitate organizational functional changes (i.e. hierarchy changes, span of control, etc.).
• Help the Executive Comp team with year-end market analysis for executives when doing salary planning. Assist with researching and compiling information to support decisions based on market information. May help and/ or guidance with retention recommendations, sign-on bonuses, etc. Conduct market research on similar/ same practices in the same industry or other industries within the same scope of client revenue scope.
• Maintain the market pricing system (Pay Scale) to ensure the safety and security of PII data and the integrity of the system. Responsible for granting and/ or removing access to the system. Responsible for the integrity of the job description database, Job Profile Builder (JPB).
• Responsible for creating and setting up new job codes in Employee Central (EC), maintaining all aspects of job information in all three systems.
• Develop and present training materials for year-end salary planning. Present to all levels of management who are people managers. Serve as SMEs for questions relating to the material presented.
• Conduct ad-hoc analysis for Sr. Leadership when requested.

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

Keywords:

Business Analyst, HR Compensation, market pricing system (Pay Scale), salary budget, compensation policies, SME.

Interested candidates please send resume in Word format Please reference job code 234881 when responding to this ad.

---