Remote Compensation and Benefits Analyst

Location: Remote

Annual Salary: $95,808

About the Role:

We are seeking an experienced and detail-oriented Compensation and Benefits Analyst to join our remote team. This position plays a crucial role in designing, implementing, and managing our compensation and benefits programs to ensure they align with the organization's strategic goals and compliance requirements. As a remote team member, you will collaborate with various departments and stakeholders to maintain competitive and equitable compensation practices, analyze compensation data, and provide insights to support decision-making processes.

Key Responsibilities:

1. Compensation Analysis and Design:
   • Conduct comprehensive market research to benchmark salaries and benefits against industry standards and competitors.
   • Develop and maintain compensation structures, including salary ranges and pay scales, ensuring alignment with organizational goals and market trends.
   • Analyze job descriptions and conduct job evaluations to determine appropriate compensation levels.
   • Provide recommendations for salary adjustments, promotions, and job reclassifications based on data analysis and internal equity considerations.
2. Benefits Administration:
   • Manage the administration of employee benefits programs, including health insurance, retirement plans, paid time off, and other fringe benefits.
   • Evaluate and recommend improvements to benefits programs to enhance employee satisfaction and maintain competitiveness.
   • Ensure compliance with federal, state, and local regulations related to employee benefits and compensation.
   • Collaborate with benefits providers and vendors to resolve issues and ensure accurate administration of benefits.
3. Data Analysis and Reporting:
   • Develop and maintain reports and dashboards to track key compensation and benefits metrics, including cost analysis, turnover rates, and employee satisfaction.
   • Analyze compensation and benefits data to identify trends, anomalies, and areas for improvement.
   • Prepare and present reports and recommendations to senior management and other stakeholders.
   • Utilize advanced analytical tools and techniques to support data-driven decision-making.
4. Compliance and Governance:
   • Ensure all compensation and benefits practices comply with relevant laws, regulations, and internal policies.
   • Monitor changes in employment legislation and industry standards, and adjust programs and practices as needed.
   • Conduct regular audits of compensation and benefits practices to identify and address any compliance issues.
5. Employee Communication and Support:
   • Serve as a point of contact for employee inquiries related to compensation and benefits.
   • Provide guidance and support to employees regarding compensation structures, benefits enrollment, and other related topics.
   • Develop and deliver training materials and presentations to educate employees about compensation and benefits programs.
6. Project Management:
   • Lead or participate in special projects related to compensation and benefits, such as program redesigns or system implementations.
   • Collaborate with cross-functional teams to ensure successful project outcomes and timely delivery.
   • Manage project timelines, deliverables, and stakeholder communication to ensure project objectives are met.

Qualifications:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field. A Master’s degree or relevant certification (e.g., Certified Compensation Professional) is a plus.
• Minimum of 3-5 years of experience in compensation and benefits analysis or a related HR field.
• Strong knowledge of compensation and benefits best practices, employment laws, and regulatory requirements.
• Proficiency in data analysis and reporting, with experience using tools such as Excel, HRIS systems, and compensation management software.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data and provide actionable insights.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with remote teams and stakeholders.
• Detail-oriented with a high level of accuracy and organizational skills.
• Ability to work independently and manage multiple priorities in a remote work environment.

What We Offer:

• Competitive annual salary of $95,808.
• Comprehensive benefits package, including health insurance, retirement plans, and paid time off.
• Opportunities for professional growth and development.
• A flexible remote work environment with a focus on work-life balance.

How to Apply:

If you are passionate about compensation and benefits and eager to contribute to a dynamic and supportive remote team, we encourage you to apply. Please submit your resume and a cover letter detailing your relevant experience and qualifications.