Compensation Analyst

Team Members are at the core of who we are; living our core values of making a difference, doing the right thing, making it easy, being caring, being friendly, nice, and respectful, and taking ownership. Perhaps Royal is the change you’re looking for. Royal Credit Union is looking for caring, energetic team members who want to create a positive impact in the lives of our Members.

Is this you? If so, let us know by submitting an application!

Join Our Growing Human Resources Team as a Compensation Analyst!

Are you passionate about developing, administering, analyzing and managing all components of various compensation programs?  Do you thrive in a fast-paced, dynamic environment where your analytical skills can make a real impact? Do you want to be a compensation resource for all leaders at Royal Credit Union?  If so, this may be the perfect career opportunity for you!

This role has the flexibility to work out of Royal Credit Union's White Bear Lake, MN office or Royal’s Corporate Center in Eau Claire, WI and is eligible for partially remote work following an onboarding period and is contingent upon performance.

About Us: 

At Royal Credit Union, we believe in attracting and retaining top talent by offering competitive and fair compensation. As a Compensation Analyst, you’ll play a crucial role in developing, administering, and managing our compensation programs to ensure they align with our philosophy and market standards.

Key Responsibilities:

• Administer the organization’s bonus, merit, and market adjustment processes.
• Assist in designing and administering wage structures, incentive plans, commission programs and other bonus plans.
• Conduct job evaluations and market research to ensure competitive salary structures.
• Collaborate with the Human Resources Team to analyze and recommend competitive job offers to candidates in a timely manner, ensuring alignment with internal equity and competitive external market pricing.
• Analyze compensation data to propose revisions and ensure compliance with regulations.

• Collaborate closely with leader and Finance team to administer the salary labor budget process, reporting and tracking. Includes creating and distributing labor budget reports and managing any related requests.
• Assist with the creation or modification of job descriptions, job grading and leveling processes to maintain internal equity and consistency across the company as it relates to salary structures.
• Prepare and present regular and ad-hoc compensation reports, trends, insights and dashboards for the Human Resources Team, Management, and Executives utilizing HR systems to gather, input, and analyze compensation-related data.
• Communicate compensation policies and respond to inquiries from team members and leaders.

Compensation:

$73,569.00 - $96,512.00 (candidates with significant related experience may be higher)

Work Schedule and Location:
This is a full-time, exempt level position working core hours between 8:00 am – 5:00 pm CST, Monday – Friday, with additional hours as needed. 

Training:

• Prior to starting a normal work schedule, new Royal team members must attend Foundation Training at our Corporate Center in Eau Claire, WI from 9:00am - 4:30pm on Monday and Tuesday during their first week of employment. Out of town learners will be reimbursed costs related to travel and lodging. 
• Foundation Training covers fundamental information about Royal’s culture and core values which sets the stage for team members to be successful within our organization.
• In addition, this position is part of Royal's workplace flexibility program and can be hybrid after training and being proficient in the position, which is typically the first 6-9 months in the role. Candidates must be able to commit to the first 6-9 months being in-person.  Please Note: We reserve the right to extend the training time in office as necessary.

Team Member Benefits: 
Royal is proud to take care of our team members and their families! In addition to our comprehensive medical, dental, and vision insurance plans, Royal offers a 5% 401k employer match, paid family and sick leave, vacation and sick time accruals, childcare reimbursement, tuition and student loan debt assistance, pet insurance, and much more! 

What We Offer:

• A collaborative and supportive work environment.
• Opportunities for professional growth and development.
• Competitive salary and benefits package.
• The chance to make a significant impact on our organization’s success

Required Education/Experience/Skills:

• Bachelor’s degree in business, human resources, finance, or a related field.
• Minimum of three years’ experience in compensation analysis.
• Strong analytical skills and proficiency in Microsoft Excel.
• Knowledge of relevant compensation laws and regulations.
• Excellent communication and organizational skills.

Preferred Experience:

• Five years’ experience in designing and administering compensation programs.
• HR certification (SHRM-CP, SHRM-SCP) or Certified Compensation Professional (CCP).

Why Royal Credit Union? 

Join a team that values your expertise and offers a platform for you to grow and excel. At Royal Credit Union, we are committed to fostering a culture of inclusivity, innovation, and excellence.

Apply Today! If you’re ready to take your career to the next level and contribute to a thriving organization, we want to hear from you. Apply now and become a part of the Royal Credit Union family!

We will be communicating with you by email and/or text on the status of your application. Please monitor your email inbox and junk folder for status updates and additional instructions.
 
 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, protected veteran status or status as an individual with disability.