*** No visa sponsorships supported ***
Job Description
When joining us, you can expect to work for a company that:
- Has been in business serving the local community since 1952.
- Is a two-time Malcolm Baldridge National Quality Award winner, the only presidential award for performance excellence.
- Has been voted as the "Best Bank" by our members and community and "Best Companies to Work for in Colorado" by our employees.
- Promotes a safe and inclusive environment where people express themselves openly and have opportunities to grow.
- Recognizes and rewards people who make every person feel welcomed, valued, respected and heard.
- Has a highly-engaged workforce committed to innovation, continuous improvement, and collaboration.
- Understands when our employees thrive, our members and community thrive too.
- Is dedicated to consistently providing amazing experiences and creating raving fans.
What's in it for you:
- A leadership team that strives to make this the best place you've ever worked!
- Ample opportunity to learn, develop and grow. We offer access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement.
- A highly-competitive total rewards package with 4 weeks paid time off, work anniversary paid time off, and 12 paid holidays.
- Support in giving back to our community with 16 hours of paid volunteer time off.
- A wellness-focused environment that encourages and empowers you to invest in your work-life balance, health and wellbeing.
- A strong Employee Assistance Program, offering a variety of personal and professional resources.
- A high-performance culture where you can be proud of your contributions and what we are able to achieve as a team.
- A place where your voice can be heard and your work will have an impact.
Summary/Objective:
The Compensation Analyst will shape policies that reward employee contributions. Knowledge of Company´s goals and analysis of data will be used to guide every aspect of our compensation programs ensuring our pay plans are equitable, competitive, fiscally viable, and in accordance with state and federal laws.
This role evaluates base salary, variable compensation, recognition and other rewards for use and deployment throughout the organization. The role will collaborate directly with leaders and HRBPs to determine consistent and fair compensation approach. This role directly impacts our ability to attract and retain the best talent and therefore help our organization to flourish.
Essential Functions Include:
- Lead the design, implementation and execution of compensation structures including base pay, variable pay, merit-based pay increases.
- Works with HRBPs to ensure job descriptions for each position in the organization accurately reflect the work being performed by incumbents while ensuring regulatory compliance.
- Leads annual salary planning, budgeting and merit processes
- Evaluates jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
- Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
- Creates data models to perform statistical analysis of salary ranges against benchmarks to stay ahead of compensation trends and retain a competitive market position.
- Evaluates internal pay equity and provides leadership with observations and any recommended actions.
- Classify job descriptions for all current and open positions, working in conjunction with hiring managers to define duties and responsibilities
- Conduct annual and ad-hoc surveys, evaluate data integrity, summarize results, produce reports and present findings to decision makers
- Keep up with pending changes that will affect hiring, earnings and benefits, such as adjustments to minimum or living wage
- Evaluate payment change requests from department heads and provide final approval or denial within standard time frames
- Partners with Finance and Business Intelligence teams to create models and projections for variable compensation programs, showing annual and fiscal impact for each alternative
- Maintains variable compensation program documents and participant eligibility
- Researches total reward trends in similar industries; based on findings, recommends changes or updates to the company’s existing Total Rewards strategy.
- Develops and presents compensation training for managers and employees to understand organization pay practices and pay transparency.
- Performs other related duties as assigned.
- Manages the maintenance and updating of our internal Compensation Tool (payFactors).
Reports to: VP Total Rewards
Required Competencies:
- Decision Making, Influencing, Planning and Organizing, Building Partnerships, Quality Orientation, Continuous Improvement
Required Education and Experience:
- Bachelor’s Degree (in Business, Human Resources or related field) preferred or equivalent experience.
- 4+ years of compensation experience
- Knowledge of quantitative and qualitative research methods.
- Extensive knowledge of FLSA and human resource laws, regulations and best practices.
- Demonstrates knowledge and competency using Excel, Microsoft Office, PowerPoint, UltiPro and other common business software suites, including Pay Factors or similar compensation software/tools.
- Ability to collect, and record data; Assess the accuracy, validity and integrity of the data; Interpret and evaluate results, and create reports and/or presentations of the data
- Ability to speak and present information clearly, concisely and effectively to large and small groups.
- Ability to draw sound conclusions and making responsible recommendations.
- CPP or other HR certification designation preferred.
Work Environment:
Company uses multi-factor authentication to keep our data safe. As such, a personal smart phone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.
Physical Requirements:
Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs of force occasionally and up to 25 lbs of force infrequently to lift, carry, push, pull, or move objects.
Position Type/Expected Hours of Work:
Full time / 40 hours per week
Classification: Exempt
Compensation:
The midpoint to the maximum of the budgeted range is $106,402 to $127,683 + annual bonus. The candidate's starting salary will be adjusted based upon his, her, or their experience.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
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