Compensation Analyst

Salt River Project; Tempe (AZ); Hybrid; USD 70,000 - 95,000; Full time

Benefits offered by this job

Pension Plan

401(k) with employer matching

Medical, vision, dental, and life ins.

PTO and holidays

Parental leave and adoption assistance

Wellness programs

Disability plans

Tuition assistance

Employee Resource Groups

Job summary

Salt River Project is seeking a Compensation Analyst to develop, implement, and administer compensation policies. You will advise leadership, align pay with company philosophy, and protect the company while focusing on employee value and total rewards.

The role supports statutory requirements and cross-functional programs. You will partner with business units and HR on salary administration, salary surveys, and market data, ensuring equity and competitive offers across SRP.

Qualifications

• Bachelor's degree preferred in a related field.
• Advanced Excel knowledge required.
• Knowledge of FLSA required.
• Strong communication and consulting skills required.
• CCP, PHR or SPHR certification preferred.

Responsibilities

• Partner with business units and HR to advise on compensation items.
• Lead salary administration, market analyses, and pay offers.
• Maintain and audit job description database.
• Conduct job evaluations and determine exemption status and pay grade.
• Analyze compensation trends to support pay decisions.
• Design programs aligning with company objectives and regulatory guidelines.
• Manage cross-functional projects with clear stakeholder communication.
• Utilize data tools to review compensation information.
• Identify opportunities to improve compensation processes for retention and engagement.
• Other duties as assigned.

Skills

Communication skills

Consulting

Analytical thinking

Education

Bachelor's degree in a related field

Tools

Excel

Job description

Join us in building a better future for Arizona!

SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.

Why Work at SRP

At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That’s why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.

Benefits

• Pension Plan (at no cost to the employee)
• 401(k) plan with employer matching
• Available your first day: Medical, vision, dental, and life insurance
• Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)
• Parental leave (up to 4 weeks) and adoption assistance
• Wellness programs (including access to a recreation and fitness facility)
• Short and long-term disability plans
• Tuition assistance for both undergraduate and graduate programs
• 10 Employee Resource Groups for career development, community service, and networking

Summary

The Compensation Analyst performs activities to develop, implement and administer compensation policies and programs. As a strategic partner with the business unit, they will advise and guide leadership to resolve problems, align pay with SRP's compensation philosophy, and maintain a focus on pay equity across the organization. This position will be the resource for statutory requirements and will recommend appropriate courses of action in order to protect the company and maintain focus on the employee value proposition as it relates to total rewards.

What You’ll Do

• Partner and consult with assigned business unit(s) and HR Business Partner(s) on compensation related items such a salary administration, job evaluations, job classifications, analysis and reporting.
• Serve as the primary resource for salary administration across the organization. This includes but is not limited to conducting salary surveys, analyzing market data, developing pay offers and proactively identifying potential compression and equity concerns.
• Maintain an accurate and up-to-date job description database for the organization by auditing existing and new job descriptions.
• Conduct job evaluations to determine FLSA exemption status, salary grade assignment, and job worth hierarchy that aligns to company and statutory guidelines.
• Complete and interpret salary survey data and compensation trends to support strategic pay decisions that drive workforce engagement and organizational effectiveness.
• Design and administer new programs and policies to support company objectives, culture and market dynamics, while maintaining a focus on regulatory and statutory guidelines.
• Take ownership of cross-functional projects, guiding them through all phases—from conception and planning to execution and completion—while maintaining clear and consistent communication with stakeholders and team members.
• Utilize software programs, reporting tools, and databases to review and analyze compensation information which are used to administer SRP’s pay programs.
• Proactively identify opportunities to enhance compensation processes and practices that support employee retention, motivation, and engagement across the organization.
• Other duties as assigned.

Education

A bachelor's degree relevant to the assignment from an accredited institution is preferred.

Experience

We are targeting a Level 1 candidate for this role.

This position may be filled at one of three levels outlined below, based on the candidate’s relevant education, experience, or a combination of both that demonstrates the required knowledge, skills, and competencies.

• Level 1 - Associate: In lieu of a degree, 4 years of relevant experience or an equivalent combination of education and experience totaling 4 years may be considered.
• Level 2 - Journey: Minimum 2 years of relevant experience required. In lieu of a degree, 6 years of relevant experience or an equivalent combination of education and experience totaling 6 years may be considered.
• Level 3 - Senior: Minimum 5 years of relevant experience required. In lieu of a degree, 9 years of relevant experience or an equivalent combination of education and experience totaling 9 years may be considered.

Eligibility for advancement (progression) to the next level in the same role is based on overall job performance, mastery of all functional responsibilities, and time in position, as assessed by the supervisor.

Additional Requirements And Qualifications

• Advanced knowledge of Excel is required
• Compensation survey analysis is preferred
• Knowledge of FLSA is required
• Strong communication and consulting skils is required
• CCP, PHR, or SPHR is preferred

Hybrid Workplace

SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona.

Drug/Alcohol Policy Statement

To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.

Equal Opportunity Employer Statement

Salt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law.

Work Authorization

All candidates must be legally authorized to work in the United States. Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visa's.