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SalaryJob Purpose
About this Position:
The Compensation Analyst provides ongoing support and guidance in the administration of company salary and pay programs in accordance with the organization’s reward strategy. The Analyst must analyze, plan, and make decisions about associate pay through research, market studies, and analysis. The effort will include compensation analytics, benchmarking and leveling roles. The Analyst administers multiple compensation projects and programs including, but not limited to, annual merit & bonus programs.
The Compensation Analyst provides ongoing support and guidance in the administration of company salary and pay programs in accordance with the organization’s reward strategy. The Analyst must analyze, plan, and make decisions about associate pay through research, market studies, and analysis. The effort will include compensation analytics, benchmarking and leveling roles. The Analyst administers multiple compensation projects and programs including, but not limited to, annual merit & bonus programs.
Key Accountabilities
Responsibilities include:
- Consults and advises region and leaders regarding compensation policy interpretation, new hire offers, promotions, market analysis, job evaluation, and other compensation projects and initiatives.
- Administers and provides advice and analysis for the annual Compensation processes (e.g., merit and bonus process, equity/market adjustments, promotions)
- Conducts job evaluation and assigns compensation grade per Honda’s job evaluation methodology. Analyses jobs for any applicable premiums (geographic and/or functional).
- Gathers data from market-based compensation surveys and uses spreadsheets and data analysis techniques to assess results and market trends. Prepares and presents recommendations
- Assists in the design, implementation, and administration of compensation programs and policies
Qualifications, Experience, and Skills
Who we are seeking:
Required Work Experience:
Required Work Experience:
- 1-3 years of Compensation experience
- Prior experience consulting with business managers preferred.
- Previous experience conducting job evaluations or knowledge/application of job evaluation methodologies preferred.
Required Education:
- Bachelor’s degree in Human Resources or related field or equivalent experience
- CCP preferred
Desired Skills:
- Strong analytical and problem solving skills
- Excellent interpersonal and customer service skills
- Ability to work independently and meet deadlines.
- Ability to develop analytics from multiple data sources, interpret and analyse trends, and develop meaningful recommendations in a logical concise way.
- Proficient in MS Office software; advanced Excel skills are critical.
- Proficient in HR System software, preferably ORACLE PeopleSoft.
- Excellent written and verbal communication skills.
- Excellent time management skills and the ability to manage multiple projects under tight deadlines.
- Must be detailed oriented with demonstrated project management capabilities.
Additional Position Factors:
- Ability to work in a fast paced environment
- Ability to travel to different Honda sites
- Remote work available
- OT required during peak times
Job Dimensions
Decisions Expected
Working Conditions
Honda is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor.
