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Compensation Manager

American Express
–
New York, NY
Full Job Description
Ensuring we have the right compensation in place for employees and provide the right compensation support to our CEG colleagues and people leaders, is central to our people strategy and in ensuring we attract, engage and retain the very best people. To drive this strategy and provide this support, this position in the team, will take accountability for supporting the compensation agenda for key lines of business within the company. Reporting to the Director, Compensation, you will be responsible for the day-to-day management of compensation for the assigned lines of business. Additionally, you will contribute to the global compensation agenda by contributing to both global and regional projects.
Key responsibilities include:
  • Provide strategic compensation consultation and support for the assigned lines of business.
  • Provide subject matter expertise, oversee, and consult with Colleagues Strategic Partners and business leaders in developing pay offers (base, bonus & equity) for new hires and internal promotes.
  • Oversee the compensation consulting activities including compensation studies, pay range queries and compensation offers.
  • Collaborate with the Colleague Market Partner team and International Compensation and Benefits team on US market compensation matters.
  • Communicate compensation structures and programs to key stakeholders
  • Advise and develop potential compensation program changes to drive desired business results and better serve our colleagues
  • Stay on top pf compensation trends
  • Bring process improvement lens to drive agility and effectiveness
  • Responsible for the management of all aspects of the year-end compensation review and administration of merit, bonus & equity payout for employees in assigned line of business.
  • Participating in global and regional compensation projects.
  • Working with market team colleagues to ensure local programs are compliant with local regulations and internal American Express standards.

Minimum Qualifications

To be successful in this role we seek the following essential core skills and proven ability:
  • Solid understanding of compensation methods and practices with proven program management and delivery experience. Strong demonstration of specific compensation practices. Understanding of Compensation design principles is a plus.
  • Strong analytical rigor with ability to effectively analyze data and create comprehensive recommendations
  • Strong working knowledge of Excel to analyze data and create meaningful and understandable analytics
  • Ability to analyze and resolve a wide variety of complex issues or problems including the ability to see beyond numbers to drive sound decision-making
  • Strong working knowledge of power point
  • Project management skills
  • Demonstrated ability to work with multiple stakeholders
  • Ability to communicate to and influence senior leaders
  • Strong relationship skills
  • Ability to work independently and within a team environment
  • Ability to thrive in a fast paced, demanding environment across multiple time zones
  • Strong interpersonal skills and communication skills to interact with all levels of an organization and diverse cultures; ability to build productive relationships.
Employment eligibility to work with American Express in the U.S. is required
as the company will not pursue visa sponsorship for this position.
American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, age, or any other status protected by law.
Compensation Analyst
elderhostel inc – Boston, MA

Reports to: Director, Compensation & Benefits

The Compensation Analyst is a key position in the Road Scholar OD&HR department, working closely with the Director to provide compensation support and advice to Road Scholar’s managers. The Compensation Analyst conducts analysis and recommends changes or interventions for employees’ rates of pay and to Road Scholar’s compensation policies and programs. Will work with both quantitative and qualitative information to ensure that Road Scholar jobs are benchmarked and slotted correctly into the Road Scholar job and pay structures. Will analyze HR pay data and works with managers to set and adjust compensation levels as needed and during the annual salary planning process. Will also lead or participate in key compensation-related HR projects.

This is what we’re looking for:

  • Monitor competitive compensation levels through multiple data sources (internal and external information, hiring rates/compression, turnover analysis, networking, survey analysis, etc.) to ensure that the pay for all staff is balanced and equitable, linked to market and appropriately influenced by individual job performance.
  • Maintain Road Scholar compensation survey management tool, Payfactors, ensuring that all current and new jobs are benchmarked and that market data is up-to-date.
  • Analyze survey data for market movements which may impact the grading of individual jobs and/or the movement of the entire pay structure.
  • Evaluate all current and new jobs to ensure that they are evaluated and coded correctly for FLSA, EEO, Band and Level, and slotted in the appropriate pay grade. Maintain HRIS Jobs Table and the Job Look-Up Tool for recruiters and department management.
  • Conduct annual and ad hoc pay equity studies, recommend corrective actions and track progress toward compensation targets. Construct Excel models to assist with analysis and reporting of compensation and HR data.
  • Assist in the annual compensation budgeting process through the development, distribution and return consolidation of department-level spreadsheets.
  • Assist with the annual Salary/Merit Review process including updates and maintenance of Road Scholar Salary Planning Tool, auditing and analyzing data and loading department planning tool distribution and return consolidation and reporting
  • Manages Road Scholar Job Description Library, including regular reviews to assure that all jobs are described well and that our job description standards are met.
  • Responsible for auditing HRIS data including general HR and benefits
  • Assists in the development of communication materials for managers and employees

And these are the skills you should have:

  • Bachelor’s Degree in a business, economics or finance-related field or 4 years related experience
  • Minimum of 2 years of professional experience (HR preferred)
  • Minimum of 1 year of experience with compensation or financial analysis or data modeling
  • Superior Excel skills, Database skills (MS Access) and/or BI Tools (MicroStrategy)
  • Excellent communication skills (written and verbal). Ability to build relationships with managers and assess needs of the organization
  • Deep interest in analyzing data and ability to see beyond the numbers to support sound decision-making
  • Provides accurate and timely information and assistance to internal clients, striving to maintain our high level customer service standards
  • Participate in the design and implementation of a variety of Total Reward harmonization initiatives ranging from the development of a Career Framework (which may include salary ranges, short and long term incentive design), global recognition programs, new streamlined year end processes
  • Contribute to the analysis, design, implementation and communication of broad-based compensation strategy.
  • Ensure WTW’s broad-based compensation programs are competitive, sustainable, and have an impact on WTW’s short and long-term strategic goals, aligning to WTW pay for performance philosophy
  • Manage the annual compensation review cycle for client groups, including advising on country salary increase budgets, allocation of short and long term incentive awards and sales incentive awards
  • Play an active role in a variety of compensation projects e.g. job titles/codes, annual benchmarking/pre-planning, salary structure, bonus and LTI targets review/development, and review and monitoring of the recognition program
  • Partner with HR Partners and various leadership teams to identify and address current and emerging total compensation trends and issues. Monitor the effectiveness of existing compensation policies, guidelines and procedures recommending plan revision as well as new plans, which are cost effective and consistent with compensation trends and corporate objectives.
  • Assist with communication and education of compensation-related programs. Lead small/medium projects or sub streams on specific compensation initiatives or processes
  • Ensure compensation programs are administered in compliance with policies and government regulations through audits, reports and personal contacts.
  • Collaborate with Finance on salary budgets, colleague /compensation cost tracking, etc.
The Requirements

  • Degree, preferably in Business, Mathematics, or equivalent experience.
  • Minimum five years’ experience in Compensation/Reward
  • Broad knowledge of compensation issues, trends, best practice
  • Experience designing short-term incentive and sales comp plans preferred
  • Experience managing compensation processes with the ability to build consensus across a wide range of stakeholders
  • Experience of operating in a matrixed environment
  • Advanced Excel skills
  • Advanced problem solving and analytical skills
  • Strong interpersonal and communication skills
  • High-energy with a strong work ethic, sense of urgency and high expectations for performance
  • Ability to work effectively, both independently and as part of a team, with initiative and accuracy
GENERAL PURPOSE:
To provide analytical and other professional level support to the compensation function. Support management in the design, development, implementation and administration of pay programs including base pay, salary administration, salary surveys, job descriptions and evaluations, salary/market pricing analysis, and incentive programs. This position will be proactively handling day-to-day compensation program administration
ESSENTIAL FUNCTIONS:
  • Analyzes, documents, and evaluates new and revised jobs to develop job descriptions and recommend appropriate grade level and FLSA status. May use market data and internal comparisons to ensure external competitiveness and internal equity.
  • Manages annual compensation planning processes (Focal) for the Buying offices, including salary structure update, merit increases, incentive awards.
  • Manage subscriptions and participation in all salary surveys for the Buying Offices. Prepare and analyze salary survey data submission. Use results from survey data to determine organization’s competitive position.
  • Formulates recommendations regarding development and maintenance of compensation guidelines, salary structure, merit increase budget and geographic differentials to maintain competitive position in the market.
  • Reviews requests for pay actions, including promotions and salary equity adjustments, for conformance to guidelines, policies and practices. Performs market research and makes recommendations for requests outside of pay guidelines.
  • Responsible for the management of the internal offer process for approved pay actions, transfers and new hires. Maintains the database for all offers post NY Salary History Ban. Uses the database as a knowledge management tool keeping Comp and TA leadership updated on offer development trends.
  • Performs competitive pay analysis and modeling in support of ad-hoc requests, merit and incentive programs and ongoing job evaluation needs.
  • Monitors minimum wage laws in jurisdictions where the company operates the Buying offices and review impact of changes on compensation cost. Work closely with Finance to ensure they are aware of the changes and partner with Associate Relations to ensure increases are implemented in a planned manner.
  • Monitors compensation practices and ensures compliance with laws and regulations and advises management of regulatory changes.
  • Other projects and duties as assigned
COMPETENCIES:
  • Organizing
  • Communication
  • Teamwork
  • Collaboration
  • Planning
  • Customer Focus
  • Problem Solving
  • Integrity and Trust
QUALIFICATIONS AND SPECIAL SKILLS REQUIRED:
  • Bachelor’s degree required
  • 3 years of direct experience in compensation
  • CCP or course work completed towards CCP preferred
  • Excellent PC skills including Microsoft Office (Excel, Word, and PowerPoint) with extensive advanced Excel experience
  • Experience working with HR databases
  • Experience with job evaluation and market pricing methods
  • Strong analytical, problem-solving, and research skills
  • Must have the ability to build relationships with Human Resources partners
  • Strong organizational and project management skills, along with the ability to manage multiple priorities in a fast-paced work environment
  • Flexible and proactive problem solver adept at achieving results in a team-oriented and collaborative environment, but also able to function effectively working independently
  • Strong understanding of state and federal laws, regulations and statutes relating to compensation
  • Excellent verbal and written communication skills
The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment experiences. The company presents or hosts a broad array of premier events in its diverse collection of iconic venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA; and The Chicago Theatre. Other MSG properties include legendary sports franchises: the New York Knicks (NBA) and the New York Rangers (NHL); two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL); and esports teams through Counter Logic Gaming, a leading North American esports organization, and Knicks Gaming, MSG’s NBA 2K League franchise. In addition, the Company features the popular original production – the Christmas Spectacular Starring the Radio City Rockettes – and through Boston Calling Events, produces New England’s preeminent Boston Calling Music Festival. Also under the MSG umbrella is TAO Group, a world-class hospitality group with globally-recognized entertainment dining and nightlife brands: Tao, Marquee, Lavo, Avenue, Beauty & Essex and Vandal. More information is available at www.themadisonsquaregardencompany.com

Role Summary: The Compensation Team at MSG is looking for a Associate Compensation Analyst responsible for supporting the administration of various compensation programs including but not limited to: salary structure, annual compensation benchmarking and program review, sales compensation, job evaluations, organization structural administration, etc. This includes job analysis required for FLSA compliance and other regulatory requirements. This position is support for researching market trends and pay levels, and proactively supporting HR Business Partners and Talent Management as appropriate. We are looking for someone who is self-motivated, passionate about operational excellence and thrives on solving problems while delivering high quality results. ]Specific Functions/Activities Summary:

  • Conduct analysis of jobs, hourly wages, salaries, and incentives to evaluate internal equity, external competitiveness.
  • Assist in implementing and administering new and modified compensation plans for MSG’s corporate divisions that align with established financial and business models.
  • Provides reporting and analysis support for the Year End Compensation Process (i.e. merit process, performance management process, HRIS interface, and Proxy support).
  • Under general direction conducts simplex and complex data models; analysis of jobs, hourly wages, salaries; ad-hoc reporting.
  • Participates in and/or conducts market pricing to determine company’s competitive position; make recommendations regarding salary grades or market rates for specific jobs.
  • Reviews salary increases for compliance with organization policy and budget.
  • Support ad hoc projects as needed by Compensation/People Practices management.
  • Act as general administrative support to Compensation team Members.
  • Supports the Participation and administration of annual compensation surveys.
  • Strong mathematical, trouble shooting and problem-solving skills.
  • Conducts reconciliations and data integrity reviews.
  • Maintains data within internal market pricing tool.
  • Supports the administration of the Long-Term Incentive Plan.

Qualifications:

  • Minimum of 1 year related professional experience, involving compensation analysis work.
  • Annual Proxy statement experience preferred
  • Advanced Microsoft Excel experience is preferred, including expertise in database management, lookup tables, macros, etc.
  • Excellent written and oral communication skills, analytical and quantitative skills and the ability to build complex data models. Strong attention to detail required.

Education:[Candidates who have completed 60 credits of college-level coursework (representing 2 years), or have shown similar self-development through certifications, trade school coursework, etc. are preferred.Educational requirements may differ from job to job based on the role.]EEO Statement:[At MSG we value diversity and are looking for extraordinary employees of all backgrounds! MSG is an Equal Opportunity Employer and provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, sexual and reproductive health choices, national origin, citizenship, age, genetic information, disability, or veteran status. In addition to federal law requirements, MSG complies with all applicable state and local laws governing nondiscrimination in all locations.