Role Summary:

The Compensation & Benefits Analyst is responsible for compensation and benefits analysis and administration. This position provides subject matter expertise in: compensation, benefits, compiling data/reports, compliance, policy & procedure development, research, and communication. In addition, this position maintains high standards for HR customer service and provides support for the accuracy and maintenance of data in various HR systems.

Key Duties & Accountabilities:

Conducts compensation analysis in alignment with CRICO philosophy, ensuring external and internal equity, including performing surveys to analyze market & industry wide trends, analyzing new & existing positions to determine appropriate classification, and salary level. In reviewing jobs for analysis, will update descriptions as appropriate
Leads annual merit and bonus planning cycle to ensure compensation is equitable, consistent and accurate by effectively presenting complex compensation data and insights to diverse audiences, facilitating informed decision-making and strategic alignment. Will also provide compensation support to the Compensation Committee
Provide guidance to managers and staff regarding benefits and compensation
Conducts a variety of HR data analytics including various workforce statistics, benefit analysis, risk assessments, etc.
Serves as backup to HR Administrator for bi-weekly payroll processing in collaboration with Finance and performs spot checks to ensure accuracy. Also, participates in year-end payroll process
Supports Senior HR Manager with benefits administration and annual open enrollment benefits cycle by participating in benefit strategy discussions, supporting online enrollment and employees. Also, assists with benefits and leave administration
Participates in and supports 401K audit
Maintains up-to-date knowledge of HR practices, laws and regulations, and best practices in the industry; remains current: performs research
Helps mitigate CRICO risk due to HR practices
Participates in special projects and HR related committees
Other related duties and ad hoc projects as required by position

Requirements

Minimum Requirements:

Knowledge: Education, Experience, & Skills:

BA/BS degree or equivalent; HR focus preferred
5+ years compensation experience required
3+ years benefits experience preferred
In depth understanding of compensation structures, job evaluation, and salary surveys
Understanding of federal and state regulations impacting compensation and benefits
HRIS, and/or payroll experience required
Advanced knowledge of Microsoft Excel
Proficient in utilizing data analysis tools and methodologies to extract actionable insights, including the acquisition and management of data.
Capable of presenting the results of analyses and statistical information for specific audiences.
Strong mathematical and statistical skills
Precision in preparing reports and ensuring data accuracy
Strong written and verbal communication skills for reporting and presentations
Good judgment with high levels of and integrity and problem-solving skills
Discrete; ability to maintain highly confidential & sensitive information

CRICO

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Compensation & Benefits Analyst