Compensation Analyst (Remote)

Company: Purpose Financial
Location: Spartanburg
Posted on: June 25, 2022

Job Description:

Address : 135 N Church Street, Spartanburg, South Carolina, United States - 29306
Purpose Financial, Inc. is an innovative consumer financial services company that offers a diverse suite of credit products, promoting financial inclusion and meeting consumers wherever they are. Through its brands, the company is committed to helping customers achieve their version of financial stability in the moment and in the future. Since 1997, Purpose Financial has been a pioneer in the consumer credit and financial services market offering money solutions in over 1,200 storefronts locations and online lending. Providing services in over 27 states, Purpose Financial employs over 3,700 team members.
At Purpose Financial we are always on the lookout for motivated individuals who share in our values of mutual respect to join our team of outstanding professionals.
We offer:

• Competitive Wages
• Life/Health Benefits
• 401(k) Savings Plan
• Educational Assistance
• Paid Vacation/Holidays
• Employee Discounts
• Work-life Balance
• Business Casual Environment
• Paid Volunteer time off
• Rewards and Recognition Program
• EAPTo learn more about Purpose Financial visit Purpose Financial Website
  Position SummaryThe Compensation Analyst provides technical expertise with regard to compensation-related programs and initiatives. Actively manages and implements projects related to compensation and other areas of human resources. Participates in surveys and analyzes resulting market data. Develops, recommends and writes compensation program policies and procedures. Conducts job evaluations and makes recommendations to leaders. Works collaboratively with multiple teams throughout the organization in supporting the mission and values of the organization. Leads meetings as needed and will conduct training and presentations for small as well as large groups of leaders and/or associates.Job Responsibility
  • Administer incentive compensation plans, in partnership with key stakeholders, to ensure accurate and timely bonus calculations and payouts.
  • Recommend new hire salary offers and pay rate changes for promotions/transfers/salary adjustments, based on internal peer positioning and market analysis, for staff and when needed, contingent workforce.
  • Collaborate on internal and external research and analysis (e.g. position evaluations, reclassification evaluations, and exempt and non-exempt determinations) and advise management on pay decisions, job evaluations/classifications and all compensation guidelines, policies and procedures.
  • Work collaboratively with others on identified role(s) in need of a compensation analysis
  • Lead in the participation of external compensation/salary surveys.
  • Research and analyze published compensation surveys and sources to gather data and determine organization's competitive position. Benchmark jobs against survey data and other market research to determine competitive compensation ranges for identified positions, in alignment with our organization's compensation philosophy.Job Responsibilities Cont.
    • Assist with the planning, designing, and implementation of compensation programs, including structure design, market forecasting and large-scale job and/or salary changes based on job markets, organization or division business models, re-engineering and development programs, as appropriate.
    • Gather research on best practices to support the design and implementation of programs.
    • Conduct job evaluations. Reviews new or revised job descriptions for appropriate content. Determines salary grade assignment and FLSA status of job.
    • Interpret federal and state acts, statutes and regulations on compensation issues and recommend appropriate application.
    • Assist in the development of communication and training to support human resources and compensation program and objectives. Deliver training and/or presentations as required.
    • Support major human resources initiatives by providing professional and technical expertise, as required.
    • Assist in developing and providing business reports/metrics supporting compensation and human resources programs.
    • Deliver timely and quality customer service to employee and managerial compensation inquiries.Education RequiredBachelor's Degree in Human Resources, Business Administration, Finance, or Statistics. PHR or CCP certification preferred.Experience RequiredMinimum 2 years of compensation related experience required (HR experience preferred). High degree of proficiency MS Office Suite, Outlook & internet applications, HRIS reporting (SuccessFactors a plus).Knowledge RequiredKnowledge of the principles, methods, strategies and techniques of compensation administration. Working knowledge of and ability to interpret Federal, State, and Local rules and regulations related to Human Resources, Fair Labor Standards, and Compensation. Communication, Problem Solving skills, Data analysis, Data visualization skills, Project Management Skills, and Stakeholder Relationship skills. Working knowledge of and ability to interpret Federal, State, and Local rules and regulations related to Human Resources, Fair Labor Standards, and Compensation.Physical RequirementsSitting for long periods of time; standing occasionally; walking; bending; squatting; kneeling; pushing/pulling; reaching; twisting; frequent lifting of less than 10 lbs., occasional lifting of up to 20 lbs.; driving and having access during the workday to an insured and reliable transportation; typing; data entry; grasping; transferring items between hands and/or to another person or receptacle; use of office equipment to include computers; ability to travel to, be physically present at, and complete the physical requirements of the position at any assigned location. Open availability and flexibility to work according to the needs of the business.CompetenciesCustomer AdvocacyInclusivenessIntegrity/ComplianceInterpersonal SkillsResilienceResults/AccountabilitySystems IntegrationTeamworkTechnical ExpertiseTroubleshootingTravelNoneAttireBusiness CasualOtherMust be eligible to work in the USA and able to pass a background check.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.
      
      Requisition ID: 37061

Keywords: Purpose Financial, Spartanburg , Compensation Analyst (Remote), Professions , Spartanburg, South Carolina