Sr. Compensation Analyst (Incentives Focus)

Posted:
8/13/2024, 5:00:00 PM

Location(s):
Vancouver, Washington, United States ⋅ Washington, United States

Experience Level(s):
Senior

Field(s):
People & HR

Workplace Type:
Hybrid

If you are a current associate, you will need to apply through our internal career site. Please log into Workday and click on the Jobs Hub app or search for Browse Jobs.

This will be a hybrid role based out the Banfield Pet Hospital headquarters in Vancouver, WA. Remote applicants who meet the position requirements will also be considered.

Salary Range: $93,707 - $140,560 (DOE)

Summary and Qualifications:

Ensure the timely and accurate execution of compensation processes including job evaluation, benchmarking, surveys, pay structures, merit, Annual Variable Pay (AVP), compensation statements, audits, analysis, governance, etc.

Ensure efficiency, relevance, effectiveness and regulatory compliance of compensation processes, provide market trends, insights and position-to-market analysis for assigned areas of responsibility and cross team project collaboration.

Essential Responsibilities and Tasks:

  • Live and exemplify the Five Principles of Mars, Inc. within self and team.
  • Establish, plan and deliver key annual compensation processes including, but not limited to, pay structure development, the merit Increase cycle and incentive plan development and payout with appropriate governance.
  • Perform in-depth analysis to create annual merit matrices, position-to-market reports and actions, appropriate levels of geographic differentials, and reports on market trends.
  • Perform periodic audits of internal compensation data as needed.
  • Partner with People & Organization (P&O) Analytics team to provide relevant information and recommendations to P&O and the business.
  • Manage job evaluation activities via internal tracking processes and in accordance with Mars Job and Pay Framework philosophy to determine the appropriate job address (Function, Family and Level) and pay range.
  • Participate in external surveys and conduct market analysis (benchmarking) to establish competitive pay in alignment with our pay philosophy, recommending appropriate individual total compensation for associates.
  • Manage systems used in annual compensation processes ensuring the necessary data is set-up, stored, and maintained correctly for the Compensation Team to leverage.
  • Participate in compensation projects as required, which may include design of new and/or revised rewards programs, guidelines, and policies.
  • Provide effective support and service to our internal P&O Generalist community; develop and deliver compensation tools, training and communication for P&O and line managers.
  • Liaise with other teams such as HRIS, Payroll, Benefits, Talent Acquisition and Associate Relations, as needed.
  • Other job duties as assigned.

Special Working Conditions:

  • Ability to work at a computer for long periods of time. 
  • Project timelines and work volume/deadlines may often require more than 40 hours per week to complete essential duties of this job.
  • Must have mental processes for reasoning, remembering, mathematics and language ability (reading, writing, and speaking the English language) to perform the duties proficiently.
  • Ability to carry out instructions furnished in written, oral, or diagram form and to solve problems involving several variables.
  • Ability to stand, walk, stoop, kneel, crouch, and climb as well as manipulate (lift, carry, move) up to 50 pounds.
  • Requires good hand-eye coordination, arm-hand-finger dexterity with the ability to grasp, and visual acuity to use a keyboard and operate necessary equipment.
  • The noise level in the work environment is normally moderate.
  • Environment where pets are present.

Experience, Education and/or Training:

  • Bachelor’s degree in Human Resources, Business or Finance is preferred, or the equivalent combination of education, training and experience that provides the required knowledge, skills, and abilities.
  • Compensation certification (i.e., CCP, GRP, etc.) is preferred.
  • A minimum of six years of compensation experience with a focus on designing, implementing, and managing incentive plans are required.
  • Experience designing and administering short term incentives (may include sales incentive management) is required.
  • Experience partnering with the business to determine effective pay drivers for performance goals is required.
  • Broad understanding and experience selecting incentive offerings is required.
  • Strong systems aptitude with curiosity to master systems and automate processes is required.
  • Advanced proficiency in the MS Office Suite, specifically Excel, PowerPoint, and Word, is required.
  • Excellent analytical and quantitative skills are required.
  • Comfort working with statistical techniques, such as regression analysis, is required.
  • Excellent written and verbal communication skills to present complex concepts and technical issues are required.
  • Knowledge of job classification, FLSA and wage & hour laws is required.
  • Knowledge of external survey sources and tools is required.
  • Experience with HR systems such as Workday and compensation administration systems is preferred.
  • Healthcare background (veterinary or human healthcare, pharmaceutical, etc.) is preferred.

What We Offer – The Good Stuff:

  • Competitive salary with paid time off & holidays so you can spend time with the people you love
  • Medical, dental, and vision insurance for you and your loved ones
  • Fertility and family-building assistance
  • Paid Parental leave
  • Practice Paid Basic Life Insurance
  • Practice Paid Short- and Long-Term Disability
  • Competitive referral program – join our team, bring your friends, and get paid*
  • Automatic enrollment 401(k) Savings Plan after 60 days of employment with generous company match
  • Commuter Benefits
  • Legal Plan
  • Health Savings Account & Flexible Spending Account
  • Mental health support and resources
  • Paid Volunteering
  • Optimum Wellness Plans® for up to three pets
  • Continuing Education allowance & MED hours for eligible positions
  • Student Debt Relief (for full-time DVMs)
  • A Variety of discounts including Mars, PetSmart, Royal Canin, fitness, cellular and so much more

Even More Good Stuff:

  • Opportunities for growth and leadership roles at Banfield, Mars, and other divisions of Mars
  • Health and well-being benefits to support quality of life
  • Associate-led equity, inclusion, and diversity groups (we have 7 of them!)
  • Awesome opportunities to volunteer through Mars Volunteer Program, like volunteering at coral reef cleanups or on research vessels!

*Terms and conditions apply

**Benefits eligibility is based on employment status

WE ARE A DRUG-FREE, SMOKE-FREE, EQUAL OPPORTUNITY EMPLOYER.

Banfield Pet Hospital® strongly supports and values the uniqueness of all individuals and promotes a work environment where diversity is embraced. Banfield Pet Hospital is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, genetic information, status as a protected veteran, or status as a qualified individual with disability. Banfield Pet Hospital complies with all applicable federal, state and local laws governing nondiscrimination in employment in every Banfield location. #FT