Compensation Analyst

Date: Jun 1, 2022

Location: Lafayette, IN, US, 47905

Company: Subaru

Subaru of Indiana Automotive, Inc.

Human Resources –Associate Benefits

Compensation Analyst

Reports to:         Section Manager                                                                                         Position Type: Full-time

Career Track:     Professional                                                                                               Shift:  Administrative   

Classification:    Compensation Analyst                                                                               FLSA:  Exempt

Summary

The Compensation Analyst ensures SIA offers a total rewards program to its Associates that is competitive, fiscally viable, and in accordance with state and federal laws. This role is responsible for conducting evaluation of jobs, Associate performances, SIA benefits, pay incentives, participates in compensation surveys, and performs all associated analysis. This role also deals with large quantities of data and requires a highly organized and detail-oriented approach.

Essential Job Functions

The essential functions described below are intended to broadly define the expectations of the role.

  1. The chief responsibility of the Compensation Analyst is to administer and participate in the development of total rewards programs on behalf of SIA. These programs are far-reaching and can include wages and compensation, benefits packages, incentives, and bonuses. Administering these programs requires input from multiple sources, including market research, internal and external surveys, performance evaluations, and other relevant source material.
  2. There are multiple Indiana and federal pay regulations SIA must follow to avoid penalties or lawsuits. The Compensation Analyst is responsible for knowledge of all applicable regulations and ensuring SIA is and remains compliant.
  3. To properly administer total rewards programs, the Compensation Analyst must have all relevant information related to Associate performance. To acquire this information the Compensation Analyst will consult with the Associate Development Section and work collaboratively within SIA the achieve the best organizational outcomes.
  4. The Compensation Analyst will rely on various data sets to inform their activity. Compiling this data includes both consulting with and researching multiple sources, including current wage trends, compensation surveys, role market data, and more.  These data sets will require meticulously organization and need to be collated for continuous reference by multiple stakeholders.
  5. SIA relies on its Compensation Analyst to procure and analyze data in an effort to produce detailed reports on everything from job performance to current job market pricing. The creation of these reports requires collecting and collating data from multiple sources, delineating pertinent information from the irrelevant, and creating actionable reports based on the processing of that information.
  6.   All other duties as assigned.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the Associate for this role.  Duties, responsibilities and activities may change at any time with or without notice.

 

Required Education, Experience and Qualifications

Preferred Education, Experience and Qualifications

  • Bachelor's degree plus a minimum of 5 or more years of compensation and/or HR related experience
  • Knowledge of manufacturing and/or automotive industry
  • Relevant certification: SHRM-CP, PHR, Certified Compensation Professional (CCP) certification
  • Project management experience              

Skills and Knowledge Required

  • Excellent communication skills in writing, speaking, and presenting
  • Independent self-starter able to prioritize work under pressure and tight deadlines
  • Experience with using data to drive decision making        
  • Dependability
  • MS Office, including experience with Excel, data analysis and salary compensation surveys 

Work Environment

This role operates in a professional open office environment subject to frequent interruptions and distractions, particularly during heavy customer service periods (e.g., in-between production shifts).   Occasionally required to work in an industrial manufacturing setting that will include moving and/or assembly lines. This role is occasionally required to utilize manufacturing equipment. This role routinely uses standard office equipment such as computers, phones, and photocopiers. The role frequently collaborates with colleagues, internal customers/Associates, and management

Work Hours

This role generally works administrative hours (8:30 am to 5:00 pm Monday – Friday) and is subject to occasional overtime to meet demands of production, which may include 1-3 scheduled Saturdays per year and occasional daily overtime. This role does not currently allow for remote work opportunities.


Nearest Major Market: Lafayette