What are the core responsibilities of a Compensation & Benefits Analyst?
- Market Benchmarking: Analyzing external salary surveys to ensure internal pay remains competitive.
- Plan Design: Developing structures for base pay, bonuses, and health/retirement benefits.
- Compliance Management: Ensuring all programs adhere to FLSA, ERISA, and ACA regulations.
- Data Analytics: Utilizing HRIS and statistical tools to conduct pay equity audits and budget forecasting.
- Vendor Management: Coordinating with insurance brokers and 401(k) administrators to optimize plan performance.
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- Managed the annual merit cycle for 5,000+ employees using Workday HCM, ensuring 100% compliance with flsa! regulations.
- responsible for analyzing market data from radford and mercer to maintain competitive pay structures across 12 countries.
- Reduced employee turnover by 15% through the redesign of the equity vesting schedule and total rewards package.
- Lead a cross-functional audit of ERISA compliance and 401k plan administration, identifying $50k in potential savings.
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Smart capitalization: Recognizes the Fair Labor Standards Act (FLSA) as a critical industry regulatory acronym.
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