Compensation Analyst, Human Resources

Human Resources Zionsville/Indianapolis, Indiana


Description

Position at Group1001

Group1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Job Summary:

Group 1001’s human resources team is looking for a Compensation Analyst to join our team.  This position will report to the Vice President, Compensation and Benefits.

The Compensation Analyst will play an essential role in supporting the organization’s compensation programs and administration.  The Senior Analyst will oversee compensation plan assignments and compensation events within the Workday HRIS system, lead HR reporting analyst, with oversight of HR data integrity and accuracy within WorkDay via data audits 

The Compensation Analyst will play a key role in the HR Payroll Audit team to audit compensation changes in the biweekly payroll audit process.  They will work with HRIS to provide requirements and UAT testing for new business reports and system enhancement for compensation functionality.

Main Accountabilities:

  • Administration of day-to-day processes of the compensation operations function, including compensation framework. maintenance and employee compensation changes and plan assignments.  (job profiles, compensation changes, plan assignments, etc. in the full employee life cycle)
  • Assist with the administration of the compensation cycles, as well as participate in planning and testing with the compensation event through reporting, eligibility, and data audits.
  • Assist in evaluating positions and provide compensation recommendations to HR Partners and Recruiters.
  • Recommend and participate in compensation survey annually.
  • Administer the EEO classifications in job profiles and annual EEO reporting.
  • Administer the Sales Incentive program, agreements, processing of monthly and quarterly sales bonus payments.
  • Support the execution on HR initiatives, Workday projects & enhancements.
  • Manages mass data updates in Workday (EIB’s) ensuring accuracy.
  • Key participant in data management for large onboarding and organizational changes.
  • Participates in the biweekly HR Payroll audit process ensuring that compensation changes translate as expected in payroll results.
  • Conducts audits of data to ensure accuracy of data changes and compensation salary and plan assignments.
  • Assist with identifying root cause of compensation data issues in Workday and collaborate with operations team to implement process improvement via procedural changes, compensation framework training or enhanced eligibility rules in Workday.
  • Participate in creating and updating compensation training materials for end-users and procedures for HR team.
  • Functional lead for HR reporting in Workday. Will assist HR with report requests and will provide report detailed business requirements to HRIS for new report development.
  • Initiates and approves compensation changes related to business processes in Workday.
  • Manages the plan assignment and biweekly audit of post termination compensation including severance and separation pay, pay in lieu of notice, and one-time payments.
  • Works closely with all HR, HRIS and payroll functional teams.

Qualifications:

  • Bachelor’s degree in a business with specialty in Human Resources or Information Technology.
  • Minimum of 3 years of a combined professional experience in HR (compensation or operations administration) and HR information systems preferably with Workday HR system.
  • Solid functional knowledge and understanding of Human Resources processes.
  • Experience with Workday compensation framework, Workday Payroll and report writing skills is highly desired.
  • Strong analytical, critical/innovative thinking, problem-solving skills with keen attention to detail required.
  • Ability to work independently and collaboratively with HR, Payroll and HRIS team members.
  • Ability to maintain confidentiality of sensitive and personnel information and to exercise sound judgment with confidential materials.
  • Working proficiency in the following MS Office products is required: Outlook, Word, PowerPoint and strong Excel skills.
  • Experience in mass data loads primarily within the Workday system using EIB’s is highly preferred.