Senior Compensation Analyst

TheweitzcompanyDes MoinesFull Time

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Job description

About the role

The Weitz Company is seeking a dedicated and experienced Senior Compensation Analyst to join our team in Des Moines, Iowa. This full-time position is crucial for ensuring that our compensation strategies align with our business objectives and attract top talent. The ideal candidate will play a vital role in analyzing compensation data, designing competitive pay structures, and providing insights that support our overall human resources strategy.

Key facts

Location: Des Moines

Engagement: Full-time

Salary: Competitive, commensurate with experience

Visa: Sponsorship available for qualified candidates

What you'll do

Conduct comprehensive analyses of compensation data to ensure internal equity and external competitiveness across various job roles within the organization.
Design and implement compensation structures that align with the company's strategic goals and market trends, ensuring they are compliant with legal regulations.
Collaborate with HR and management to develop and refine job descriptions, ensuring they accurately reflect the responsibilities and requirements of each position.
Prepare and present detailed reports on compensation trends, pay equity, and market analysis to senior leadership, providing actionable insights for decision-making.
Manage the annual salary review process, including the development of guidelines and communication strategies to ensure transparency and fairness.
Evaluate the effectiveness of existing compensation programs and recommend enhancements based on industry best practices and employee feedback.
Serve as a subject matter expert on compensation-related inquiries from employees and management, providing guidance on policies and practices.
Participate in salary surveys and benchmarking studies to maintain competitive compensation practices and ensure alignment with industry standards.
Support the development of training materials and workshops to educate managers and HR staff on compensation policies and practices.
Monitor changes in labor laws and regulations that may impact compensation practices, ensuring compliance and minimizing risk for the organization.
Collaborate with the finance department to analyze the financial impact of compensation decisions and ensure alignment with budgetary constraints.
Assist in the development and implementation of incentive programs that drive performance and align employee goals with organizational objectives.

Requirements

Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
A minimum of 5 years of experience in compensation analysis or a related field, preferably within a corporate environment.
Strong analytical skills with the ability to interpret complex data and provide actionable insights.
Proficiency in compensation software and tools, as well as advanced Excel skills for data analysis and reporting.
Excellent communication skills, both written and verbal, with the ability to present complex information clearly to diverse audiences.
Strong attention to detail and a commitment to maintaining confidentiality in handling sensitive compensation data.
Knowledge of compensation laws and regulations, including FLSA, Equal Pay Act, and other relevant legislation.
Ability to work collaboratively in a team environment while also being self-motivated and capable of managing multiple projects simultaneously.

Nice to have

Certification from a recognized professional organization, such as Certified Compensation Professional (CCP) or similar.
Experience with HRIS systems and data management tools.
Familiarity with job evaluation methodologies and compensation benchmarking practices.
Previous experience in the construction or real estate industry is a plus.

Skills & tools

Advanced proficiency in Microsoft Excel, including pivot tables, VLOOKUP, and data visualization techniques.
Familiarity with compensation management software (e.g., PayScale, MarketPay) and HRIS systems.
Strong analytical and problem-solving skills, with a focus on data-driven decision-making.
Excellent interpersonal skills, enabling effective collaboration with various stakeholders across the organization.

Practical notes

This position is based in Des Moines, Iowa, and may require occasional travel for industry conferences or training sessions.
The Weitz Company offers a competitive salary and benefits package, including health insurance, retirement plans, and professional development opportunities.
Interested candidates should apply through the provided link, ensuring that their resume and cover letter highlight relevant experience and qualifications.