Compensation Analyst 3 (Hybrid)
NC-RTP, US
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Do you want to join an international team working to improve the future of healthcare? Do you want to improve the lives of millions of people? Grifols is a global healthcare company which, since its foundation in Barcelona in 1909, has been working to improve the health and well-being of people all over the world. Our four divisions - Biopharma, Diagnostic, Plasma Procurement and Bio Supplies - develop, produce and market innovative medicines, solutions and services in more than 100 countries and regions. |
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Grifols has been a leader in the healthcare industry since 1909 by creating innovative products and services based on the values of ethics, quality and responsibility. Grifols' activities focus on fulfilling the needs of its patients as well as healthcare professionals working in therapeutics, pharmacy, diagnostics and blood banking. For more than 100 years, Grifols has developed, manufactured and marketed product designed to improve human health. Grifols manufactures plasma derived biopharmaceutical products of proven efficacy, quality and safety. For more information, please visit our website: http://www.grifols.com
Overview:
The Compensation Analyst supports the design, implementation, communication and administration of various compensation programs. They also ensure the organization's ability to develop and maintain a compensation program to attract, motivate, and retain a competent, diversified workforce.
The Compensation Analyst III, specifically focuses more on long-term needs of company. They help design and redesign compensation plans and programs to ensure proper implementation, while continuously looking for ways to improve the programs and practices. They also will work alongside management to ensure proper documentation, create tools, and automate processes where possible.
Primary responsibilities for the Compensation Analyst III include but are not limited to the following:
● Supports various employee incentive plans at both the corporate and division level.
● Serves as mentor and expert to other compensation staff.
● Analyzes current market data to determine the company's overall compensation position within the appropriate industry and reports findings to management.
● Reviews existing and proposed statutory requirements governing compensation administration and recommends appropriate courses of action.
● Market pricing existing and new jobs to formulate recommendations to management and/or HR Business Partners.
● Participates in compensation surveys by providing company data for survey submission. Researches, evaluates, and recommends survey sources.
● Updates and maintains the job description database. Writes and prepares job descriptions as needed.
● Provides support to management and HR Business Partners on compensation issues related to salary offers for new hires, promotions, and transfers utilizing both internal and external equity information.
● Assists HR system testing and audits to ensure the HR system meets compensation needs and is updated to reflect changes in job titles, salary grades, salaries, job codes, bonus plans, etc.
● Works with HR systems and IT to implement on-line tools to enhance and simplify annual compensation processes and payments
● Maintains currency in state and federal statutes regulating pay practices to ensure company is in compliance.
● Supports compensation team and HR staff with new/revised HR programs, compensation plans or special projects as needed.
● Monitors local pay issues across the US and maintains appropriate geographic differentials.
● Maintains ownership of HR compensation administration business processes. Develops and maintains standard operating procedures (SOPs) with internal controls.
● Develops, supports, and maintains compensation administration system design as needed to accurately administer company compensation programs, including base pay and incentive pay across the organization.
*This job description is intended to present the general content and requirements for the performance of this job. The description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Managers and/or supervisors may assign other duties as needed.
Skills/Qualifications/Education Requirements: (To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, education, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions)
● Bachelor's degree in Business, HR or related field.
● Certified Compensation Professional (CCP) preferred.
● 8 years Compensation experience.
● Advanced knowledge of compensation and other employment related federal, state, and local laws.
● Advanced knowledge of compensation and other software applications such as MS Office, especially Excel.
● Advanced analytical, organization, oral and written communication, and interpersonal skills.
● Strong analytical, critical thinking and problem solving skills, including the ability to perform root cause analysis.
● Ability to work across departments and with various levels.
● Ability to work with and maintain confidential information.
Depending on the area of assignment, directly related experience or a combination of directly related education and experience and/or competencies may be considered in place of the stated requirements. Example: If a job level requires a Bachelor’s degree plus 4 years of experience, an equivalency could include 8 years of experience, an Associate’s degree with 6 years of experience, or a Master’s degree with 2 years of experience.
Work is performed in an office environment with exposure to electrical office equipment. Frequently sits for 6-8 hours per day. Repetitive hand movement of both hands with the ability to make fast, simple, repeated movements of the fingers, hands, and wrists. Frequently walks. Occasionally bends and twists neck. Light to moderate lifting and carrying objects with a maximum lift of 30lbs. Frequently drives to site locations with occasional travel within the United States. Able to communicate information and ideas so others will understand; with the ability to listen to and understand information and ideas presented through spoken words and sentences. Interacts with others, relates sensitive information to diverse groups.
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Location: NORTH AMERICA : USA : NC-RTP:USNC0001 - RTP NC-Headquarters