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Incentive Compensation Analyst

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Hanger, Inc.

1mo ago

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy
  • Austin

AI generated summary

  • You need a Bachelor's in Business Administration or HR, 5+ years in total rewards, experience with compensation systems and HRIS, strong analytical, communication, and collaboration skills.
  • You will manage incentive programs, analyze compensation structures, enhance employee communication, ensure compliance, improve workflows, validate payments, and support compensation systems and projects.

Requirements

  • Minimum
  • Bachelor’s degree in Business Administration or Human Resources management or equivalent
  • Minimum of 5 years of related total reward experience
  • Preferred
  • Experience in compensation pay systems
  • Experience with HRIS applications such as ADP, Oracle, SAP or Workday
  • Additional Success Factors:
  • Strategic perspective with tactical implementation skills
  • Strong team-building and cross-functional collaboration skills.
  • Strong analytical skills, with good experience in interpreting and producing high quality, accurate management information.
  • Excellent Microsoft Office skills including Excel at advanced level along with Word and PowerPoint at Intermediate level.
  • Ability to communicate technical information to non-technical users clearly and concisely.
  • Is detail-oriented and possesses problem-solving skills.
  • Ability to work efficiently under pressure, accurately meet deadlines, present a professional demeanor and work well independently.
  • Customer service skills including the ability to manage and respond to different customer situations while maintaining a positive and friendly attitude.
  • Act with integrity in all ways and at all times, remaining honest, transparent, and respectful in all relationships.
  • Keep the patient at the center of everything that you do, building lifelong trust.
  • Foster open collaboration and constructive dialogue with everyone around you.
  • Continuously innovate new solutions, influencing and responding to change.
  • Focus on superior outcomes, and calibrate work processes for outstanding results.

Responsibilities

  • Manage short-term incentive programs at Hanger. Support annual plan design changes, documentation, employee education, system configuration, and administration.
  • Build relationships with local region leadership, talent acquisition staff, HR partners, and other internal customers to increase the efficiency and effectiveness of the Hanger incentive compensation programs.
  • Partner with Hanger leaders to make recommendations for new incentive compensation structures. Develop transition plans to shift employees from current-state to future-state designs. Analyze historical incentive compensation payment history to ensure a fair and equitable transition to future state incentive compensation designs.
  • Increase employee transparency and understanding of incentive programs. Develop and deliver communication for employees, managers, and senior leaders to guide them through changes in incentive compensation design.
  • Ensure that all compensation-related activities are compliant with legal and regulatory requirements, standards, and internal policies. Respond to audit requests pertaining to short-term incentive programs and payments at Hanger.
  • Drive effective use of the compensation system by proactively and collaboratively developing, standardizing, and improving processes and workflows around the system. Update, review, and distribute procedures, job aids etc. to support the HR administration and best support our customers.
  • Review basic policy/process changes, process improvements, technology enhancements, and conduct regular reviews to identify efficiencies and cost savings opportunities. Perform validations to ensure accurate payments across all short-term incentive programs and commission plans.
  • Provide support for Compensation and Commissions systems. Complete quarterly testing, support team in reconfigurations resulting in plan changes, and partner to resolve testing issues and ensuring optimal performance.
  • Proactively seek avenues to adopt best practices and innovative approaches to addressing Compensation and business obstacles. Stay up to date on industry trends and best practices, suggesting improvements to ensure our programs remain competitive and effective.
  • Assist broad-based Compensation team members with various research and/or special projects.

FAQs

What is the primary responsibility of the Incentive Compensation Analyst?

The primary responsibility of the Incentive Compensation Analyst is to implement and maintain programs, policies, and procedures that support incentive compensation, including commissions and bonus programs, while acting as an internal consultant to resolve various compensation-related issues.

What qualifications are required for this role?

A Bachelor’s degree in Business Administration or Human Resources management or equivalent, along with a minimum of 5 years of related total reward experience, is required.

Is experience with HRIS applications necessary for this position?

While it is preferred, experience with HRIS applications such as ADP, Oracle, SAP, or Workday is not strictly necessary but can enhance a candidate's profile.

What skills are essential for the Incentive Compensation Analyst role?

Essential skills include strong analytical abilities, excellent Microsoft Office skills (especially advanced Excel), effective communication skills, and the ability to work efficiently under pressure while maintaining attention to detail.

Will I have the opportunity to collaborate with other departments?

Yes, one of the key responsibilities of this position is to build relationships with local region leadership, HR partners, and other internal customers to enhance the effectiveness of incentive compensation programs.

What type of training and mentorship does Hanger, Inc. offer?

Hanger, Inc. offers mentorship programs for both mentors and mentees, providing opportunities for professional growth and development.

Are there opportunities for employee benefits and perks?

Yes, Hanger offers various benefits including competitive compensation packages, paid time off, medical, dental, and vision benefits, a 401k retirement plan, and additional perks like student loan repayment assistance.

How does Hanger, Inc. ensure compliance with legal requirements regarding compensation?

Hanger, Inc. ensures that all compensation-related activities comply with legal and regulatory requirements by responding to audit requests and conducting regular reviews of policies and processes.

Is there an emphasis on transparency regarding incentive programs?

Yes, increasing employee transparency and understanding of incentive programs is a key responsibility of the Incentive Compensation Analyst, including developing and delivering communications about changes in compensation design.

Does Hanger promote a culture of diversity and inclusion?

Yes, Hanger, Inc. is committed to equal employment opportunity and promotes a workplace free from discrimination or harassment based on various protected characteristics.

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Hanger, Inc.

Empowering Human Potential

Science & Healthcare
Industry
501-1000
Employees
1861
Founded Year

Mission & Purpose

Headquartered in Austin, Texas, Hanger, Inc. is a leading provider of orthotic and prosthetic (O&P) patient care services and products. The company operates as an ecosystem of diversified companies delivering complementary solutions to individuals and providers with O&P needs, and is organized in two business segments – Patient Care and Products & Services. Through its Patient Care segment, Hanger provides comprehensive, outcomes-based O&P services to individuals of all ages at more than 925 Hanger Clinic locations nationwide. Through its Products & Services segment, Hanger serves the broader O&P community and skilled nursing facilities through designing and distributing branded and private label O&P devices, products and components, and post-acute rehabilitative solutions. Rooted in clinical research, excellence, and innovation, Hanger is a purpose-driven company focused on empowering human potential.