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Sr. Compensation Analyst

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The Hartford

20d ago

  • Job
    Full-time
    Mid Level
  • People, HR & Administration
    Business, Operations & Strategy
  • Wayne
  • Quick Apply

AI generated summary

  • You must have 3+ years in compensation, Workday experience, strong analytical and communication skills, asset management experience preferred, and a bachelor's degree.
  • You will manage compensation surveys, coordinate employee changes, assess market trends, administer incentive programs, conduct pay equity analyses, and partner with HRBP’s on salary strategies.

Requirements

  • A minimum of three years of broad-based compensation, sales compensation or related experience required
  • Experience with Workday required
  • Asset management industry experience strongly preferred
  • Strong consultative skills, able to gain trust and confidence
  • Ability to manage multiple projects, while delivering results
  • Demonstrated teamwork and collaboration skills
  • Strong analytical skills required
  • Knowledge of regulations and issues impacting compensation
  • Excellent verbal, written, presentation and interpersonal communication skills
  • Strong business acumen to assess applicability, benefits, and challenges of various compensation structures
  • Bachelor’s degree

Responsibilities

  • Lead compensation survey submission and review process
  • Liaise with The Hartford’s (parent company) compensation team regarding on-going compensation and benefits programs, communications, and compensation best practices
  • Coordinate employee changes and compensation administration with Workday team
  • Gather data from market-based compensation surveys; assess results and market trends
  • Manage all administrative elements of the long-term incentive (LTI) program with the third-party stock plan administrator, payroll, and other parent company counterparts
  • Assist with year-end compensation planning (merit, bonus and LTI) efforts including testing and administration of relevant systems
  • Create and update education materials associated with Hartford Funds’ recognition and reward programs
  • Perform ad hoc reporting for the HR team and business, including compensation history and other HR related metrics
  • Identify and address emerging compensation trends for the asset management industry
  • Assist with the design and administration of sales compensation plans
  • Partner and consult with business and HRBP’s to analyze salary and incentive programs aligned with competitive conditions and business objectives
  • Conduct competitive analyses as necessary to ensure the on-going integrity of existing structures, policies, and practices
  • Coordinate annual pay equity analysis
  • Maintain a database of HR responses to RFP requests and coordinate with the RFP team on data requested

FAQs

What is the primary focus of the Sr. Compensation Analyst role?

The primary focus of the Sr. Compensation Analyst role is to support compensation efforts, reporting, and data analysis to effectively recognize and reward both company and individual performance in alignment with HR programs.

What qualifications are required for this position?

A minimum of three years of broad-based compensation or related experience, experience with Workday, and preferably asset management industry experience are required. A Bachelor’s degree is also necessary.

What key responsibilities will the Sr. Compensation Analyst have?

Key responsibilities include leading compensation survey processes, liaising with The Hartford’s compensation team, coordinating employee changes, managing long-term incentive programs, and performing ad hoc reporting for HR and business needs.

Is experience with Workday necessary for this role?

Yes, experience with Workday is required for the Sr. Compensation Analyst position.

What is the annualized base pay range for this role?

The annualized base pay range for this role is between $80,000 and $125,000, depending on factors such as performance and proficiency.

Will the Sr. Compensation Analyst work with sales compensation plans?

Yes, the Sr. Compensation Analyst will assist with the design and administration of sales compensation plans.

Are strong analytical skills important for this position?

Yes, strong analytical skills are required for the Sr. Compensation Analyst position to assess compensation data and market trends effectively.

Is teamwork and collaboration emphasized in this role?

Yes, demonstrated teamwork and collaboration skills are important, as the role involves partnering with business and HR business partners.

Does the company have a commitment to diversity and equal opportunity?

Yes, the company is an Equal Opportunity Employer and values diversity, including females, minorities, veterans, individuals with disabilities, and various gender and sexual orientation identities.

What additional rewards might employees receive beyond base pay?

Employees may also receive short-term or annual bonuses, long-term incentives, and on-the-spot recognition, in addition to their base pay.

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The Hartford

Underwriting human achievement for over two hundred years.

Finance
Industry
10,001+
Employees
1810
Founded Year

Mission & Purpose

Human achievement is at the heart of what we do. We put our belief into action by not only ensuring individuals and businesses are well protected, but by going even further – making an impact in ways that go beyond an insurance policy.