Total Rewards Analyst

REMOTE

Overview: As a Total Rewards Analyst with a strong focus on data, you will play a crucial role in shaping and optimizing our organization's compensation and benefits programs. This role requires a deep understanding of data analytics, trend analysis, and the ability to derive actionable insights to enhance our Total Rewards strategy. You will collaborate with cross-functional teams to ensure data-driven decision-making in designing, implementing, and managing compensation and benefits programs.

Responsibilities:

1. Data Analysis and Reporting:

   • Utilize advanced analytics tools to analyze and interpret compensation and benefits data.
   • Generate regular reports and dashboards to provide insights into key Total Rewards metrics.
   • Identify trends, anomalies, and areas for improvement based on data analysis.

2. Compensation Analysis:

   • Conduct market research to ensure the competitiveness of the organization's compensation packages.
   • Analyze internal and external salary data to recommend adjustments to salary structures.
   • Collaborate with HR and finance teams to ensure alignment with budgetary constraints.

3. Benefits Optimization:

   • Evaluate the effectiveness of current benefits programs through data analysis.
   • Recommend enhancements or modifications to benefits offerings based on data-driven insights.
   • Analyze employee utilization and satisfaction with benefits packages.

4. Data Integrity and Compliance:

   • Ensure accuracy and integrity of compensation and benefits data.
   • Stay abreast of industry trends and regulatory changes to ensure compliance with relevant laws and standards.

5. Communication and Stakeholder Engagement:

   • Present findings and recommendations to senior leadership and key stakeholders.
   • Collaborate with HR, finance, and other departments to gather and analyze relevant data for comprehensive decision-making.

6. Performance Metrics Development:

   • Develop and implement key performance indicators (KPIs) to measure the effectiveness of Total Rewards programs.
   • Establish benchmarks and track progress over time.

7. Automation and Technology Integration:

   • Explore opportunities to leverage technology and automation to streamline data collection, analysis, and reporting processes.
   • Collaborate with IT teams to implement and maintain data systems.

Qualifications:

• Bachelor’s degree in Human Resources, Business, Data Science, or a related field. Master’s degree or relevant certification is a plus.
• Proven experience as a Total Rewards Analyst with a focus on data analytics.
• Excel, SuccessFactors, ADP, Fidelity for equity.
• Strong proficiency in data analysis tools (e.g., Excel, SQL, Tableau) and statistical methods.
• Knowledge of compensation and benefits best practices and industry trends.
• Excellent communication skills with the ability to present complex data in a clear and understandable manner.
• Detail-oriented with a high level of accuracy in data management.
• Familiarity with HRIS (Human Resources Information System) and other relevant technologies.