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SalaryWORK OPTION: In Office
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Position Summary
The Compensation Team is responsible for developing fair and competitive pay programs and job structures to facilitate the attraction and retention of talent in all the markets where the NBA conducts business. The group is primarily responsible for the development of a pay philosophy that attracts, engages, and retains our employees and align pay practices with overall business and departmental initiatives. The team works across all markets and lines of business to build short and long incentive programs that are regulatory compliant and drive employee and organizational performance.
The Compensation Analyst acts as an analytical resource for the NBA's compensation consulting projects, programs, and reporting. The role will support the team's Compensation Leads to deliver solutions and education to internal business clients.
Major Responsibilities
- Provide analytical support on ad-hoc compensation consulting projects and reporting.
- Serve as a day-to-day point of contact with our compensation survey vendors.
- Participate in annual salary surveys and pulse reports.
- Identify market trends and gaps between NBA employees and the market.
- Support the market matching process for the full suite of the NBA's jobs.
- Coordinate with HRIS on processing compensation actions.
- Conduct periodic audits to ensure maximum accuracy and integrity of compensation data.
- Act as liaison on general compensation requests from HR COEs.
- Collaborate with compensation leads to make process improvements and policy changes.
- Assist in the development and maintenance of salary ranges, job grades, and job families.
- Coordinate executive contracts and assist with the relevant executive reporting.
Required Education/Professional Experience
- Bachelor's degree with focus on Human Resources, Finance, Accounting, Math, Statistics, Economics or similar backgrounds.
- 1 to 3 years of professional work experience, HR or Finance experience a plus.
- Experience with the use of compensation benchmarking surveys preferred.
- Strong to Advanced skills in Excel modeling required; Proficiency in MS Office suite.
- Ability to prioritize effectively, while meeting deadlines in a fast-paced environment.
- Ability to multi-task with an outstanding attention to detail.
- Strong communication and interpersonal skills.
Required Skills/Knowlede Attributes
- Data Analysis: Strong analytical skills are crucial for a Compensation Analyst. You should be comfortable working with large data sets, conducting statistical analyses, and using data visualization tools to interpret and present findings. Proficiency in Excel or other data analysis software is often required.
- Attention to Detail: As a Compensation Analyst, you must pay meticulous attention to detail to ensure accuracy in job evaluations, data analysis, and compensation program design. Small errors or oversights can have significant consequences, so a keen eye for detail is essential.
- Communication Skills: Effective communication is crucial for a Compensation Analyst. You need to convey compensation-related information clearly and expertly to various partners, including employees, managers, and executives. Strong written and verbal communication skills are vital for preparing reports, delivering presentations, and addressing queries.
- Compliance: The ability to understand human resources practices, policies, and legal compliance is necessary. You will need to become familiar with relevant labor laws, regulations, and industry standards, ensuring that compensation programs align with legal requirements and internal policies.
- Problem-Solving and Critical Thinking: As a Compensation Analyst, you will encounter complex compensation issues and challenges. Strong problem-solving and critical thinking skills are necessary to analyze situations, identify options, evaluate trade-offs, and develop innovative solutions.
- Organizational and Time Management Skills: The ability to prioritize tasks, run multiple projects simultaneously, and meet deadlines is essential. Strong organizational and time management skills will help you handle the workload effectively and deliver high-quality work within specified timelines.
Salary Range: $85,000 - $100,000
We Consider Applicants For All Positions On The Basis Of Merit, Qualifications And Business Needs, And Without Regard To Race, Color, National Origin, Religion, Sex, Gender Identity, Age, Disability, Alienage Or Citizenship Status, Ancestry, Marital Status, Creed, Genetic Predisposition Or Carrier Status, Sexual Orientation, Veteran Status, Familial Status, Status As A Victim Of Domestic Violence Or Any Other Status Or Characteristic Protected By Applicable Federal, State, Or Local Law.
