Compensation Data Analyst

Insight Global; Reading (Berks County); On-site; USD 60,000 - 72,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

HSA account

FSA account

DCFSA account

401k with employer matching

Paid sick leave

Job summary

Penske's Corporate Compensation team is seeking a Compensation Analyst focused on incentive pay. This role supports the Director-Incentive Pay and Systems and analyzes bonus, commission and variable pay programs while researching market trends in incentive compensation.

Responsibilities include routine analysis, building reports and dashboards, assisting design of incentive programs, and ensuring accurate awards administration.

Qualifications

• 3 years of compensation or analyst experience required.
• Experience with variable pay plans (bonus and commission) preferred.
• Knowledge of compensation practices, pay laws, and regulations.

Responsibilities

• Conduct routine analysis on bonus, commission and incentive pay programs and present findings to department leadership.
• Build and maintain reports, dashboards, and metrics and monitor the activity and use of incentive pay.
• Research and identify market trends related to variable compensation and incentive pay.
• Assist in the design of incentive pay programs that properly reward our associates.
• Lead processes that support the formal and discretionary awards administration.
• Evaluate pay processes and implement process improvement solutions.
• Provide support to special projects as assigned.

Skills

Compensation analysis

Analytical thinking

Team collaboration

Tools

Excel

Access

PowerPoint

Job description

Penske's Corporate Compensation team is growing and is currently seeking a Compensation Analyst focused on incentive pay. This role will support the Director-Incentive Pay and Systems and will be actively involved in our incentive programs, including bonus, commission and variable pay plans. This role will perform regular analysis on all incentive programs and proactively research and identify market trends related to variable compensation.

MAJOR RESPONSIBILITIES:

• Conduct routine analysis on bonus, commission and incentive pay programs and present findings to department leadership
• Build and maintain reports, dashboards, and metrics and monitor the activity and use of incentive pay
• Research and identify market trends related to variable compensation and incentive pay
• Assist in the design of incentive pay programs that properly reward our associates
• Lead processes that support the formal and discretionary awards administration
• Evaluate pay processes and implement process improvement solutions
• Provide support to special projects as assigned

QUALIFICATIONS:

• 3 years of compensation or analyst experience required
• Experience specifically with variable pay plans or bonus and commission plans is strongly preferred
• General understanding of compensation practices and pay laws and regulations
• Knowledge of compensation systems, preferably Oracle
• Intermediate Excel skills required, Access and PowerPoint preferred.
• Customer centric mindset - providing a high level of service to HR business partners and operators
• Collaboration with department team members and provide support with high-sense of urgency
• Compliance focused with strong attention to detail and robust organization skills
• Ability to make decisions using sound judgementAbility to identify and elevate issues when needed
• Ability to diagnose a system issue and be resourceful to solve the issue
• High-level of personal integrity including keeping highly sensitive information confidential
• Interest and motivation for personal and professional development
• Willingness to help and collaborate with others

Compensation:

$60-72K

Exact compensation may vary based on several factors, including skills, experience, and education.

Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.