Compensation Analyst

Hydro Extrusions is a world-leading aluminium extrusion business counting around 100 production sites in 40 countries and employing 20,000 people. Through our unique combination of local expertise, global network, and unmatched R&D capabilities, we can offer everything from standards profiles, to advanced development and manufacturing for most industries. Since 1905, Hydro has turned natural resources into valuable products for people and businesses with focus on a safe and good workplace for our 30,000 employees in more than 140 locations.
Hydro is committed to leading the way in shaping a sustainable future and in doing so, creating more viable societies by developing natural resources into products and solutions in innovative and efficient ways to industries that matter.
Job Summary: The Compensation Analyst assists in the analysis, implementation, and administration of Hydro's compensation programs; ensuring employees' compensation packages are competitive, equitable, and aligned with business objectives. The Analyst will work collaboratively with various stakeholders, including HR teams, finance professionals, and senior management, to provide data-backed insights and recommendations for improving compensation practices.
The position works a hybrid/flexible schedule based in the Hydro Extrusion North America Business Unit Headquarters in Rosemont, IL.
Job Location: Rosemont, IL
Hydro employees can enjoy several benefits including:

• Medical, Rx, Dental, Disability, Life Insurance, Flexible Spending Accounts
• Retirement Savings Plans with Company Match/Contributions
• Education Assistance
• Bonus Plan Eligibility
• Parental Leave

Required Education/Experience:

• Bachelor's Degree in Human Resources or related field required, or the equivalent in education and experience.
• Minimum three (3) years as a Compensation Analyst required.
• Demonstrated work experience utilizing advanced analytical and presentation skills in support of compensation related projects.
• Functional knowledge of compensation methodologies and pay structures.
• Strong aptitude in data analysis and research methods.
• Solid understanding of HR systems, job codes, and salary structures.
• Ability to analyze, influence and interpret policies, practices, and procedures.
• Ability to handle sensitive and confidential employee information.

Preferred Skills/Qualifications:

• Excellent verbal, written, analytical, project, research, organizational and interpersonal skills with a sharp attention to detail and the ability to handle multiple priorities simultaneously while meeting deadlines.
• Proficient with MS Office Word, Excel, and PowerPoint and HRIS systems.
• Prior experience using SAP SuccessFactors, UKG and Mercer WIN systems a plus.
• Strong analytical skills with the ability to interpret complex data and derive actionable insights.
• Solid understanding of compensation principles, including short-term incentive, salary structures, job grading, etc.
• Detail-oriented with a focus on accuracy and precision in work.
• Ability to work independently and collaboratively in a fast-paced environment.
• SHRM-CP, SHRM-SCP, PHR, SPHR or CCP certification preferred.

Job Responsibilities:

• Prepare and maintain job descriptions to ensure description accurately reflects the work being performed by incumbents. Collaborate with internal HR team and reach out to managers as needed to improve or update existing descriptions.
• Collaborate with HR and business leaders to evaluate job positions, considering factors such as job responsibilities, qualifications, and market demands, to establish fair and competitive compensation levels including promotions, transfers, and other compensation actions.
• Analyze pay equity issues and provide recommendations.
• Perform job evaluations of salaried positions using Mercer's International Position Evaluation (IPE) system and methodology.
• Supports, formalize and document annual pay and incentive plan review process.
• Participate and/or lead special compensation projects.
• Assist with documentation of Compensation policies and practices.
• Conduct in-depth salary benchmarking using reputable data sources to ensure pay scales remain competitive in the job market while adhering to industry standards.
• Prepare company data for salary surveys to support the ongoing improvement of organization compensation programs and objectives.
• Keeps apprised of federal, state, and local compensation laws and regulations to support company compliance.
• Review jobs for FLSA testing and compliance initiatives.
• Prepare and present summary reports of job and compensation analysis.
• Develop compensation training materials and programs to educate HR Leaders, Managers and employees about company pay philosophy and compensation programs.
• Less than 5% travel required.

Additional duties and projects as assigned.
Disclaimer:
This job description represents an overview of the responsibilities for the above referenced position. It is not intended to represent a comprehensive list of responsibilities. Additional tasks and requirements may be assigned by management as deemed appropriate. Requirements, skills, and abilities included have been determined to illustrate the minimal standards required to successfully perform the position.
Care, Courage, & Collaboration
At Hydro We care about our People!
We care about Safety!
Hydro is heading in a new and exciting direction, and we depend on different perspectives to solve our tasks and meet customer needs. Building on our three core values - Care, Courage and Collaboration - we target a high performing and sustainable work environment based on inclusion of our differences. Hydro in North America is an Equal Opportunity Employer where all phases of employment are based strictly upon the qualifications of the individual as related to the work requirements of the position. This policy is applied without regard to race, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, veteran status, marital status or any other category protected by law.
If you need an accommodation in order to complete the application, please let us know by completing the form below or by calling +1 (412) 643-3602.
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Posted on: Dec 6, 2023
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