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Senior Compensation Analyst – Remote

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Stanley Black & Decker, Inc.

1mo ago

  • Job
    Full-time
    Senior Level
  • New Britain
    Remote

AI generated summary

  • You need a BS/BA, 5+ years in compensation/data analytics, Excel expertise, Workday knowledge, union experience, strong analytical skills, and communication abilities. CCP progress is a plus.
  • You will analyze pay programs, prepare cost assessments, maintain guidelines, correct HRIS data, conduct pay audits, assist in wage administration, and ensure accurate payroll processes.

Requirements

  • Bachelor’s Degree - BS/BA in business, finance, statistics, or mathematics
  • At least 5 years of experience in compensation or financial modeling and data analytics
  • Experience with hourly compensation and/or wage scales development
  • Knowledge of Workday HRIS and Payfactors compensation planning and market pricing tools
  • CCP, or progress towards a certification a plus
  • Research, critical thinking and evaluation skills with the ability to reason through data findings in order to develop recommendations
  • Very strong analytical and problem-solving skills (Pivot tables, x-lookup, formulas, graphing, and analytics)
  • Advanced knowledge of excel is required: Power BI and Access preferred
  • Hourly wage scale design experience highly preferred
  • Union & Manufacturing experience a plus
  • Highly organized with a very strong attention to detail
  • Excellent verbal and written communication skills along with ability to communicate effectively at various levels
  • Knowledge of FLSA and job classification categories

Responsibilities

  • Conducts market analysis to determine competitive positioning of the US Hourly population’s pay programs; compiles and analyzes results.
  • Prepares cost assessments and other reports for management and assists in providing recommendations to HR and Operations Leaders.
  • Maintains pay administration guidelines, policies, and other support tools.
  • Assists with the correction of data errors for employee records in the HRIS system that may impact the administration of employee compensation and/or the transmission of employee data to various vendors.
  • Conducts internal pay audits and analyses pay data as needed to ensure compliance with government regulations.
  • Participates in annual pay administration programs, including wage scale creation and maintenance and/or development of incentive pay plans.
  • Facilitates the administration of the general wages and annual merit planning and administration process and ensures accurate payroll process for employees.

FAQs

What are the working hours for this position?

The position operates on East Coast hours.

What type of degree is required for this role?

A Bachelor's Degree in business, finance, statistics, or mathematics is required.

How much experience is needed for the Senior Compensation Analyst position?

At least 5 years of experience in compensation or financial modeling and data analytics is required.

Is knowledge of Workday HRIS necessary for this role?

Yes, knowledge of Workday HRIS and Payfactors compensation planning and market pricing tools is required.

Are there any certifications that would be beneficial for this position?

Yes, a Certified Compensation Professional (CCP) certification or progress towards it would be a plus.

What skills are prioritized for this role?

Strong analytical and problem-solving skills, as well as advanced knowledge of Excel, are prioritized.

Is experience with hourly wage scales important for this role?

Yes, hourly wage scale design experience is highly preferred for this position.

Will I have access to learning and development resources?

Yes, you will have access to a wealth of learning resources, including a digital learning portal and the Lean Academy.

Are there benefits available for this position?

Yes, the position offers a competitive salary and a comprehensive benefits plan, including medical, dental, life, vision, retirement benefits, and more.

Does the company promote diversity and inclusion?

Yes, the company prides itself on fostering a diverse and inclusive culture where mutual respect is valued.

Is there room for career advancement in this role?

Yes, there are multiple career paths available within the global company, allowing for growth and skill development.

What is the company’s stance on community involvement?

The company encourages positive changes through volunteerism, giving back, and sustainable business practices.

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Stanley Black & Decker, Inc.

1-10
Employees

Mission & Purpose

For the builders and protectors, for the makers and explorers, for those shaping and reshaping our world through hard work and inspiration, Stanley Black & Decker provides the tools and innovative solutions you can trust to get the job done—and we have since 1843. You repair your home and car with the tools we provide. Your car and your phone are secured with our fasteners. And the roads you drive on, the bridges you cross, the energy you consume, all of these most likely came to you via one of our infrastructure systems. We join forces to bring together the best of the best to create practical, meaningful products and services that make life easier—empowering people to do better, safer, more significant work. Innovation and excellence have powered our success, but we know there’s more we can do for the world and those who make it. Across our businesses, we’re investing in breakthrough innovation and digital excellence, striving for outperformance and increasing our focus on social responsibility. We define success as: delivering value to our customers, colleagues and communities. Our commitment to quality, safety and sustainability helps us on our path to becoming the type of uniquely human-centered global industrial company that keeps every stakeholder in mind, while helping to make the world better.