Compensation Analyst Jobs in Illinois

INTRODUCTION

In alignment with Group Strategies, Policies, and Guidelines, the Compensation Analyst is responsible for administration, analysis, and optimization of Compensation Programs alongside cost control, reporting and ensuring regulatory compliance. Providing support to the P&O team that will attract and retain talent that will drive Ferrero’s global objectives across Wells. You will support the local implementation of our global Rewards strategy, ensuring compensation programs and tools are competitive and aligned to business priorities. You’ll provide clear and speedy business information, tools, communications support / advice to the local personnel in Rewards.

ROLE AND RESPONSIBILITIES

- Administration of the Compensation plan locally and the Group reward programs, which includes reporting and having as point of reference to Group Rewards.
- Responsible, along with the Director for the deployment of local compensation policies and ad hoc programs such as, but not limited to Sales Incentives, Short Term Incentives, Retention plans etc., in alignment with Group Principals.
- Monitor and analyze local market trends and evaluate external competitiveness to drive local rewards strategies.
- Assist with the local focal point for Reward related topics (including systems) providing consultancy and expertise to Group/Local stakeholders and share best practices.
- Contributes to the Reward digitization process.
- Ensure Compliance to all relevant laws and practices including adherence to federal.
- Audits: evaluate jobs internally to ensure wage and salary rate recommendations are following federal, state and local regulations. (FLSA, DOL etc.)
- Provides detailed analysis on internal and external equity and provides reports as requested by P&O leadership, P&O BP’s or line managers.
- Provides data to support KPI’s and the P&O Dashboard, along with assisting with data as requested for negotiations.
- Supports the implementation of the Group’s expat policy, being the local point of reference for expat-related technical topics.
- Handles compensation related topics with external stakeholders and payroll team.
- Provides tactical support for expat procedures.
- Assists Group projects in his/her area of responsibility as well as local projects to ensure proper and consistent implementation.
- Contribute to process improvements and digitalization of compensation programs.
- Involved in cost management, including invoicing and purchase order processes. (Ariba)
- Provide reports to audit salary review adherence and other compensation program adherence.

In addition to the responsibilities listed above, other duties may be assigned by your supervisor, as dictated by business necessity.

BASIC QUALIFICATIONS

- Bachelor’s degree in human resources, human services field, business administration.
- 5 years in Compensation administration.
- Knowledge - Experience with educating others on complex concepts. Fluency with digital workplace platforms; comfort with data, KPIs, and dashboards.
- Skills - Proficient with Microsoft Office suite: High level utility of Microsoft Excel and PowerPoint required.
- Strong communication skills across functions.
- Abilities - Ability to effectively read, analyze and interpret information, summarize and present data to leadership. Strength in understanding and implementation of regulatory compliance actions.

Reports to Manager of Compensation

COMPENSATION

The base pay range for this position is $71,000 to $112,000 annually. Actual compensation will be determined based on location, experience, skills, qualifications, and other job-related factors permitted by law. This pay range represents the anticipated salary for this position at this time.