Senior HR Specialist: Senior Compensation Analyst

Hunt; Iselin (NJ); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compensation Analyst to develop and maintain effective compensation programs that align with corporate objectives. This role involves analyzing market trends, conducting job evaluations, and ensuring compliance with legal standards. The successful candidate will work closely with HR and Talent Acquisition teams to support new hire offers and manage annual compensation processes. This position offers the chance to make a significant impact on the organization by ensuring competitive compensation practices and promoting pay equity. Join a dynamic team where your analytical skills will drive meaningful change in the workplace.

Qualifications

• 3+ years of experience in compensation administration, with a focus on analysis.
• Strong analytical skills and attention to detail are essential.

Responsibilities

• Analyze and maintain compensation programs to align with company goals.
• Lead annual merit compensation processes and ensure compliance with laws.

Skills

Analytical Skills

Data Analysis

Compensation Administration

Job Evaluations

Education

Bachelor's degree in Business Administration

Bachelor's degree in Human Resources

Tools

Spreadsheets

Compensation Research Tools

Job description

Overview

Analyze, develop, and maintain compensation programs to meet company objectives

1. Participate or lead special projects (e.g. pay structure development, job descriptions, AAPs)
2. Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position; review annually and recommend percent adjustment as applicable
3. Gather data from market-based compensation surveys; use spreadsheets and data analysis techniques to assess results and market trends
4. Prepare and maintain job descriptions for each position in the organization; ensuring descriptions accurately reflect the work being performed by incumbents through interviews with managers, Talent Acquisition team and HR Business Partners
5. Evaluate job positions, determining FLSA classification of either exempt or non-exempt status and assign wage range
6. Assist Talent Acquisition team and HR Business Partners on new hire offers, transfers, and promotions as requested
7. Lead the administration of annual merit compensation process by compiling employee eligibility, position, salary, and other information, providing managers with individual spreadsheets, consolidating returned sheets, preparing EC mass upload template, and coordinating with Payroll for accuracy and processing
8. Provide cost analysis leading up to and during the annual merit increase process as requested
9. Complete annual EEO reports
10. Lead annual OFCCP Affirmative Action Plan data collection and preparation in partnership with DSV outside counsel and HR Director and assist with associated analysis and actions to be taken
11. Administer annual, quarterly and monthly bonus programs for both managers and operations staff (currently only A&S and some Group)
12. Ensure compliance with equal pay laws, acts or statutes
13. Administer monthly service anniversary award program (currently only A&S)
14. Assist with compensation and equity related communications
15. Participate in compensation surveys and perform associated analysis
16. Study market trends to assist in developing effective compensation programs
17. Conduct internal research and analysis to assess compensation programs, and procedures across multi-state locations within the freight forwarding industry
18. Assist with annual compensation analysis, using internal and external tools, to ensure pay equity and market competitiveness
19. Ensures compensation programs and policies comply with legal and regulatory requirements
20. Annually review to ensure current salaries do not fall below minimum wage
21. Annually review to ensure exempt status positions still comply with legal and regulatory requirements
22. All other duties as assigned

Educational Background / Work Experience

1. Bachelor's degree in Business Administration, Human Resources, or related field preferred
2. 3 years’ experience in compensation administration (5+ years preferred)
3. Good understanding of job evaluations and compensation analysis
4. Proficient with compensation research and data analysis
5. Must have strong and proven analytical skills, and be detail-oriented, accurate in maintaining records and electronic filing systems