Compensation Analyst, Performance & Reward (Fixed-term 24 months)

ABB Inc.; Cary (NC); Remote; USD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Compensation Analyst to join their Performance and Reward team. This dynamic role focuses on pay equity and transparency, utilizing advanced statistical analysis to identify pay disparities and develop strategies for remediation. As part of a global team, you'll collaborate with various experts to ensure compliance with regulatory requirements while promoting a culture of trust and understanding in reward practices. If you're passionate about data and equity in the workplace, this opportunity offers a chance to make a meaningful impact within a diverse and inclusive environment.

Qualifications

• 8+ years of experience in data modelling and statistical analysis.
• University education in a quantitative discipline preferred.
• Ability to communicate complex findings to non-technical audiences.

Responsibilities

• Conduct statistical analyses to identify gender pay disparities.
• Manage tools for pay gap analysis and predictions.
• Ensure compliance with legislative reporting requirements.

Skills

Statistical Analysis

Data Modelling

Pay Equity Knowledge

Data Management

Communication Skills

Education

University Degree in Quantitative Discipline

Tools

Workday

Job description

Compensation Analyst, Performance & Reward (Fixed-term 24 months)At ABB, we are dedicated to addressing global challenges. Our core values: care, courage, curiosity, and collaboration - combined with a focus on diversity, inclusion, and equal opportunities - are key drivers in our aim to empower everyone to create sustainable solutions.
Write the next chapter of your ABB story.
Your role and responsibilities

As a key member of the Performance and Reward (P&R) function, the Compensation Analyst will be the technical specialist focusing on pay equity and transparency topics, maximizing the usage of tools to promote improving pay gap management and pay transparency within the businesses.
You will be partnering with a broad network of other subject matter experts to implement pay strategies in alignment with regulatory requirements (e.g., EU Pay Transparency Directive, EU Corporate Sustainability Reporting Directive) and ABB's values.
You will also contribute towards promoting employees' understanding and trust in the company's reward practices, while actively working to identify and address potential pay disparities that will create a sustainable, equitable, and inclusive workplace and society.
This role reports directly to the Global Head of Compensation
The role will be a fixed term contract for 24 months. The location is flexible globally.
Key responsibilities:
* Advanced Statistical Analysis: Conduct in-depth statistical analyses to identify and address potential gender pay disparities. Leverage on available technologies, apply market best practices and sound statistical methods in modelling and analysing the underlying employee data to determine pay gaps and the associated remediation budgets. Prepare detailed reports on findings and actionable insights, which will help in recommending pay gap remediation.
* Tool and Data Management: Set up and maintain sophisticated analysis tools which support the data for facilitating reviews of current pay gaps and provide pay predictions to support making equitable salary offers.
* Compliance and Reporting: Ensure data integrity and support compliance on legislative reporting requirements, collaborating with relevant stakeholders.
* Policy Development: Contribute towards developing and updating HR policies and practices utilizing statistical insights to inform policy decisions.
* Audit and Review: Monitor progress of pay gap remediation efforts conducting periodic audits of reward practices, identifying areas for improvement and recommend solutions.
* Research and Benchmarking: Monitor and stay current with industry trends, market conditions, legislative developments and best practices related to pay equity/transparency.

Qualifications for the role

• 8+ years of relevant experience, with direct exposure to data modelling and advanced statistical analysis (e.g., regression analysis, hypothesis testing, multivariate analysis, etc.).
• University level education in a quantitative discipline will be an advantage.
• Knowledgeable in technology, showcasing a robust capacity for skill enhancement and data management proficiencies. Workday experience is an advantage
• Ability to translate complex statistical findings to non-technical audiences.
• Can work with self-management in a demanding environment, collaborating with a diverse workforce
• Ownership and accountability with attention to details in managing sensitive information.
• Professional proficiency in English.

More about us

We value people from different backgrounds. Apply today for your next career step within ABB and visit www.abb.com to learn about the impact of our solutions across the globe. #MyABBStory