Job Summary
- The Compensation and Benefits Analyst administers the organization's compensation and benefit plans and programs (i.e., health and welfare, 401k, FMLA, disability, workers’ compensation, life insurance, salary plans, annual merit, short and long-term incentives, and commission plans). This position assures compliance with the organization's policies and practices, as well as, local, state, and federal laws and regulations. This position supports the implementation and maintenance of programs to attract and retain the high caliber of talent needed to remain competitive in the marketplace; and conducts analysis and forecasting of programs for developing recommendations.
- Where permitted by applicable law, the selected candidate will be required to submit proof of a COVID-19 vaccination prior to beginning work at Focus Brands as a condition of employment unless an accommodation is given due to medical or religious reasons. Any candidates granted an exemption from the vaccination requirement still would need to adhere to our weekly testing policy in order to retain employment at Focus Brands. Additionally, our employees are encouraged to wear masks and practice social distancing when possible while in the office.
Essential Functions
- Administers Compensation Plans and Programs
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- Supports the planning, design, analysis, development, implementation, and administration of the compensation plans, programs, guidelines, and processes.
- Performs incentive calculations and tracks plan performance
- Conducts analyses of organization-wide, business-specific base salary program, incentive plans, and plan documents based on the organization's compensation philosophy.
- Provides analytical support and modeling for base salary and incentive programs.
- Conducts research and analysis to ensure compensation programs (e.g., base, STI, LTI, executive, etc.) remain competitive in the marketplace and are compliant with policies, laws, and regulations, including minimum wage.
- Analyzes the cost impact and organizational implications of recommended compensation changes.
- Analyzes revisions and process enhancements that are cost effective and consistent with market trends, corporate compensation philosophy, best practices, and business strategy and objectives.
- Coordinates development, updates, and distribution of incentive plan communications
- Conducts Market Analysis
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- Maintains market pricing for positions, conducts job evaluations, and assigns salary grades.
- Conducts, prepares, analyzes, and maintains compensation surveys, summaries and benchmarks data against organization's positions.
- Complies with internal and external audit requirements to ensure accurate and timely internal and external reporting on compensation programs and practices.
- Remains current on applicable regulations related to total rewards to compensation (FLSA, EEOC, etc.).
- Researches and responds to inquiries and provides solutions to compensation-related issues.
- Conducts Compensation Projects
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- Helps lead various compensation projects (e.g., market studies, compensation surveys, impact analysis, modeling, costing, etc.) to remain competitive, compliant, and cost effective.
- Helps lead annual salary reviews, merit process, pay structure design, comp-ratio, merit and other metrics and analyses.
- Administers Benefit Plans and Programs
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- Helps lead annual renewal and open enrollment for benefits by coordinating materials (e.g., open enrollment guides, summary of benefits and coverage handouts, summary plan descriptions, etc.), speakers, and group meetings with associates.
- Assists in the research and analysis of current benefit programs to provide recommendations for program enhancement.
- Maintains plan participation metrics, performs periodic analysis and provides actionable insights that help establish strategic direction.
- Conducts audits and reconciliations of premium statements, invoices, and associate data, identifies and reconciles billing variances, and resolves discrepancies in a timely manner.
- Helps lead 401k audit, 5500, non-discrimination testing and all other compliance related matters.
- Supports and coordinates periodic 401k investment committee meetings
- Assists the Compensation and Benefits specialist with responding to daily inquiries from employees and outside parties.
- Performs calculations and reviews of employer funding for 401k, HSA and DCFSA.
- Reviews and monitors benefit plan expenses in light of financial projections.
- Assists in developing and maintaining workers’ compensation best practices including safety training, safety assessments, driver authorization and notice compliance.
- Builds and Maintains Internal and External Relationships
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- Develops and maintains positive business relationships with associates, vendors, stakeholders, etc. which fosters an environment for mutual respect, understanding, and support.
- Maintains relationships with third-party administrators, consultants, and vendors.
- Responds to associates’ inquiries in a thorough, accurate, and timely manner.
Skills and Abilities
- Intermediate proficiency in Microsoft Office Suite and HRIS software
- Knowledge of government regulations, filing, and compliance requirements affecting benefits programs (e.g., ERISA, COBRA, FMLA, PPACA, Section 125, HIPAA, Department of Labor, etc.)
- Ability to convey clear, concise information in verbal, written, electronic, and other communication formats; and to demonstrate active listening while engaging others.
- Ability to maintain and handle matters of confidentiality with utmost tact and diplomacy.
- Ability to adapt and adjust planned work through analyzing work demands, competing priorities, and tight deadlines; to understand the most effective and efficient means to accomplish tasks within the parameters of the organizational structure, processes, systems, and policies.
- Strong organizational skills and the ability to handle multiple projects simultaneously and meet deadlines consistently.
- Ability to anticipate and respond to the needs of stakeholders (e.g., internal and external customers, etc.) in a timely manner.
- Ability to conduct research, perform analysis, and communicate results effectively.
- Knowledge of company operations, policies, and procedures.
Work Experience
- 2+ years of experience in administering compensation for a multi-state employer, Required.
Education
- Bachelor's Degree, Preferred
Location
Apply with the link below:
https://recruiting.adp.com/srccar/public/RTI.home?c=1129907&d=FBExternalCareerSite&r=5000870785806#/#/
