Compensation Analyst (Remote)
Company: Purpose Financial
Posted on: June 25, 2022
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.
- 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
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
- Administer incentive compensation plans, in partnership with
key stakeholders, to ensure accurate and timely bonus calculations
- 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,
- 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
- 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
- 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
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
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