Description
Description:
- This Compensation Analyst is responsible to perform various business-related activities to support the Compensation section of Corporate Human Resources. The Compensation team is responsible for designing and providing competitive base pay and incentives to all levels of employees aligned with the Company's pay-for-performance philosophy. This position partners with the business units to ensure that programs support their objectives by helping to attract and retain key and critical talent. In addition, this position designs and provides market competitive total rewards in order to attract, motivate, retain and reward employees whose performance, contributions and behaviors help drive the Company's success.
Responsibilities include:
- Leading the design, implementation and administration of non-bargaining compensation programs, policies and guidelines, including but not limited to the annual base pay review and short-term incentive program
- Analyzing compensation surveys to determine compensation trends and to ensure competitive positions in the external market and internal equity across the organization
- Consulting with business unit leaders on compensation practices and processes
- Providing project management and analytical support in key compensation special projects
- Driving educational and communication efforts throughout the organization related to compensation programs and practices
- Compiling reports and statistics for FirstEnergy's various compensation programs and initiatives
- Understanding and applying regulatory requirements related to compensation such as the Fair Labor Standards Act (FLSA), Equal Pay Act (EPA), etc.
- Remaining knowledgeable of compensation trends and recommending process improvements
- Performing moderately complex reporting and analysis functions
- Serving as a thought leader in the group as well as a mentor and coach to less tenured employees
- Recommending and implementing solutions to more complex compensation issues to drive positive change across the organization.
Qualifications
- Bachelor's degree in Human Resources, Business or related discipline required
- Minimum of 4 years of related, professional work experience
- Certified Compensation Professional (CCP) preferred
- Excellent analytical and quantitative skills to collect and analyze data, identify issues, and solve problems
- In-depth knowledge and understanding of federal, state and local regulations
- Excellent organizational skills and the ability to manage and prioritize multiple work assignments
- Demonstrated ability to proactively identify problems, analyze solutions and make results-driven recommendations
- Demonstrated ability to build relationships with team members and internal customers
- Ability to apply knowledge and skills to a wide range of standard and non-standard situations
- Ability to work with employees at all levels, as well as represent the company with external consultants/vendors
- High degree of proficiency in Microsoft Office tools, including Excel, PowerPoint, Access and Word; Advanced SAP proficiency is preferred
- Excellent verbal and written communication skills with the ability to communicate complex concepts
- Ability to coach peers and team members on skill development, subject matter knowledge, and market trends preferred
- Level III: Minimum 4-7 years professional work experience required; Level IV: 7-10 years professional work experience required.