Compensation Analyst New York

Covington & Burling LLP

New York, NY

JOB DETAILS
SALARY
$92,000–$115,000 Per Year
SKILLS
Administrative Management, Analysis Skills, Benchmarking, Best Practices, Budget Management, Certified Compensation Professional, Communication Skills, Compensation Analysis, Compensation Management, Compensation and Benefits, Competitive Analysis/Strategy, Data Entry, Financial Modeling, HRIS/HRMS, Human Resources, Legal, Market Analysis, Presentation/Verbal Skills, Problem Solving Skills, Process Improvement, Professional Services, Quality Control, Quality Metrics, Reporting Dashboards, Retirement Plan, Statistics, Status Reports, Team Player, Trend Analysis, Writing Skills
LOCATION
New York, NY
POSTED
24 days ago

Compensation Analyst Human Resources Department Summary Under general supervision of the Director of Compensation the Compensation Analyst will assist with the design management and administration of the firms compensation program for professional staff in addition to other department initiatives. This includes managing all compensation policies and guidelines administering the annual merit and bonus award processes as well as collaborating with the staff recruitment team and department managers to benchmark new and existing positions. This role will serve as a key contributor to the management of the firms global compensation program. Apply Qualifications Bachelors degree required. Bachelors degree in Human Resources or business related field Certified Compensation Professional CCP or other compensation designation desired 5 or more years experience working in a compensation analysis role - preferably in a law firm or professional services industry. Advanced Excel skills In-depth experience with HRIS systems - Workday preferred Strong organization analytical and financial modeling skills with proven ability to translate analysis into themes and recommended actions. Strong planning problem solving and execution skills. Duties and Responsibilities Review and maintain job descriptions job classifications and salary ranges. Analyzes employee job descriptions in conjunction with the firms grading structure and proposes appropriate placement within compensation structure. Assist in the annual staff merit process and assist the firmwide Directors throughout the process. Analyze changes in market inflation and industry salary increase projections. Identify staff below market and recommend corrections. Create and distribute the staff compensation statements. Collaborate with HRIS team to configure enhance and launch the systems designed to support the annual compensation planning process. In addition enter information into our HR system for compensation planning purposes. Lead the firms participation in all general industry and country specific compensation surveys. Gather and coordinate all survey data input and track results. Analyze market-based compensation survey results using statistical analysis to show trends in compensation change and impact on employee compensation. Benchmark staff positions against survey data and other market intelligence to assess the firms competitive posture. Collaborate with hiring managers and recruitment team to market price new and existing staff positions. Assesses jobs and their respective duties to determine classification as exempt or non-exempt and appropriate salary range. Tracks any specialexceptional payments attraction and retention bonuses and other incentive payments. Along with Director continually review the market for best-in-class compensation systems that may enhance our compensation planning process. Ability to work confidentially with sensitive information. Team oriented collaborative positive and results focused. Ability to effectively communicate orally and in writing. Manage compensation and job profiles within HRIS system to facilitate hiring and promotions to newly created roles. Research and recommend best practices for compensation process improvement. Implement quality control measures to ensure accuracy and consistency of systems data. Complete EEOC reporting and filings. Assist with annual budget development and monthly variance review in addition to compensation reporting and dashboards. Process compensation and benefits invoices. Participate in benefits surveys and assist with planenrollment audits. Assist Comp Director with counsel pension plan enrollment and adjustments. Provide backup assistance with weekly Benefits Orientation. Perform other duties as assigned by Firm management. Uphold high standards of confidentiality discretion and integrity particularly with respect to all sensitive andor confidential firm and client information to which this position will have access. Status Exempt Reports To Director of Compensation Workplace Type Remote Salary range is 92000 - 115000 depending on candidate experience. Candidates hired for staff positions with a minimum work schedule of 30 hours per week are eligible for a comprehensive benefits package including healthcare insurance. Learn more about benefits at Covington. httpswww.cov.comencareersstaffbenefits View Covington job applicant privacy notice here httpswww.cov.comenjob -applicant -privacy -notice Covington & Burling LLP is an equal opportunity employer and does not discriminate in any aspect of employment including hir ing salary promotion discipline termination and benefits on the basis of race color ethnicity religion national origin g ender gender identity or expression age marital status sexual orientation family responsibility disability including physical handicap or any other improper criterion.

About the Company

C

Covington & Burling LLP