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Compensation Analyst

Company: Bath & Body Works
Location: Columbus
Posted on: May 16, 2022

Job Description:

The Compensation Analyst will analyze external and internal data to support the company's compensation programs for all associate populations. Participates in surveys, benchmarks jobs, delivers reporting and insights and helps to ensure compensation programs are compliant and competitive. Participates in the development of recommendations regarding compensation plan changes. Supports the yearly company-wide compensation review process.
RESPONSIBILITIES:Compensation Consulting

  • Provides the highest level of customer service to all internal and external partners.
  • Responds to basic compensation policies and practices inquiries.
  • Supports and facilitates strong collaboration with within the Compensation and Human Resources teams.
  • Supports internal and external offer recommendations.Benchmarking
    • Conducts and participates in multiple local and national compensation surveys. Analyzes results and coordinates upload into PayFactors benchmarking system.
    • Performs market pricing of new and existing jobs, analyzing internal peers and external market competitiveness. Makes recommendations on job pay grade placement.
    • Assists with the annual review of pay structure changes and provides recommendations for changes based on market and associate analysis.
    • Supports annual store geographical and volume review and recommendations
    • Assists with salary survey selection and may attend industry focus groups.
    • Supports the PayFactors benchmarking system and leverages system tools, functionality, reporting and community to deliver market insights to the benchmarking process. Reporting & Analytics
      • Responsible for regular metrics reporting and analytics on store and home office compensation practices.
      • Provides costing and analysis for minimum wage changes.
      • Ongoing review of the Temporary Assignment Pay for stores.
      • Completes ad hoc analysis and reporting for home office or store HR partners as requested for area of responsibility.Compensation Administration & Compliance
        • Assists with the administration of the annual merit and midyear processes.
        • Provides training and support to users on the Compensation Planning System.
        • Assists with merit budget review and recommendation.
        • Supports file feeds into the CPS system and manages the post merit process.
        • Participates in legal compliance initiatives.
        • Owns updating HRIS foundational tables including job code creation and grade range maintenance.
        • Participates in special projects as needed.
          Qualifications------------
          • Bachelor's degree (HR, business, finance, accounting preferred) or related experience.
          • 1 to 3 years compensation experience.
          • Demonstrates high level of collaboration and curiosity.
          • Demonstrates the ability to be agile and multi-task.
          • Superior analytical and problem-solving skills.
          • Demonstrates care to deliver outstanding service.
          • Strong written and verbal communication skills.
          • High level of attention to detail and organization skills.
          • Positive attitude, exhibiting openness and a solution-oriented approach to resolve challenges.
          • Exceptional responsiveness, a high sense of urgency.
          • Outstanding team collaboration with cross functional partners to support overall needs.
          • Unquestioned integrity and ethics to handle sensitive situations and confidential information.
          • Passionate about personal development, training, learning.

Keywords: Bath & Body Works, Columbus , Compensation Analyst, Professions , Columbus, Ohio

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