Senior Compensation Analyst

DigiKey is one of the fastest growing distributors of electronic components in the world. In addition to offering the broadest selection of in-stock electronic components and providing the best service possible to customers, employees have access to a highly competitive benefits package. The package includes a comprehensive health insurance plan featuring a low co-pay and no deductible plan as well as dental, vision, life, and long-term disability coverage; flexible spending accounts; competitive paid time off; relocation assistance; 401(k) and profit sharing; and education advancement. To learn more, visit our benefits and perks page .
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Position Overview: The Senior Compensation Analyst plays a crucial role in the success of our compensation programs. You will be responsible for analyzing, recommending, and implementing compensation programs, policies and procedures that align with our Total Rewards strategy. We need a great communicator with an analytical mind to consult with leaders and serve as a subject matter expert on compensation issues and programs.
This is a hybrid position with occasional in-state travel. The role can be located in Thief River Falls, MN or Bloomington, MN.
Responsibilities:
Responsibilities:

• Analyze, design, develop, audit, implement and communicate DigiKey compensation programs, including but not limited to job evaluations and exemption status reviews of new and existing roles, market pricing, annual compensation review process, salary structures, and incentive programs.
  
• Provide consultation support and training to Human Resource Business Partners, Talent Acquisition partners, and business leaders on the effective use of compensation programs and practices to manage organizational talent.
  
• Lead and participate in projects such as job leveling, market data analysis and benchmarking, survey participation and maintenance of our salary survey data library, and HRIS system configuration.
  
• Contribute to the design and administration of the Company's incentive plans, including document preparation, incentive calculations, and ensuring accurate and timely payments.
  
• Create compensation data reports and tracking for assigned business units and present insights to business leaders.
  
• Partner with the HRIS team to ensure that Workday is configured to meet compensation needs and reflects changes to compensation business processes and programs.
  
• Perform other duties and projects as assigned to contribute to the DigiKey's success.
  

Required Knowledge, Skills, and Experience:

• Bachelor's degree in human resources, finance, accounting, business administration, data or statistical analysis, or a related discipline.
  
• 4+ years of experience in compensation.
  
• Strong analytical skills and detail orientation with a commitment to data accuracy.
  
• Advanced proficiency in Microsoft Excel.
  
• Ability to maintain strict confidentiality with sensitive data.
  
• Proven experience acting as a subject matter expert to internal stakeholders.
  
• Ability to prioritize and handle multiple projects at once.
  
• Certified Compensation Professional (CCP) certification, preferred.
  
• Incentive compensation, preferred.
  
• Global compensation practices, preferred.
  

Tools / Systems / Software:

• Microsoft productivity applications (Excel, Word, PowerPoint, Outlook, Teams)
  
• Payfactors (PayScale) or similar compensation survey management technology
  
• Workday, including Advanced Compensation module
  

Physical Requirements:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The following are some environmental conditions that one may be exposed to daily and for various lengths of time.

• Work is primarily performed at a desk and/or in an office environment for at least 3/4 of the day.
  

DigiKey Electronics is an Equal Opportunity Employer. We encourage qualified minority, female, veteran and disabled, and other diverse candidates to apply and be considered for open positions.
If you are an applicant with a disability and need a reasonable accommodation for any part of the employment process, please contact Human Resources at 1-800-338-4105 or careers.us@digikey.com .
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