Location: #LI-Onsite. If you need assistance or a reasonable accommodation, please notify your Talent Acquisition Consultant.
The Senior Compensation Analyst provides consultation to HR business partners and management as the subject matter expert on employee salary actions including merit pay, equity adjustments, promotions and cash and incentive awards. Leads the salary planning, equity, variable pay, and structure movement processes for non-official staff. Participates in salary planning, equity, variable pay and structure movement process for official staff.
- Serve as the subject matter expert and consult with HR Business Partners and business areas to lead analysis and evaluation of jobs, in order to determine market value; salary range; FLSA classification, and workers compensation classification. Additionally, you will provide salary administration guidance and compensation policy guidance.
- Collaborate with business intelligence team to conduct analysis as requested which includes, but is not limited to compiling, analyzing and summarizing data to create reports, dashboards and/or make or recommendations.
- Lead annual salary planning, equity and variable pay processes for non-official staff; includes maintenance of budgets associated with each process.
- Lead annual salary structure analysis.
- Participate in maintenance of market pricing tool which includes, formatting/loading salary survey data, linking market data to Bank jobs, and maintaining local system parameters (trend amount, data views); may participate in second year matching and survey match maintenance; and responsible for management of survey budget and contracts.
- Participate in annual salary planning, equity and variable pay processes for official staff.
You Have:
Required
- Bachelor`s degree in HR, Business or related field.
- Minimum experience 5+ years academic/professional experience performing related duties and analysis using tools such as MS Excel, R, or Tableau.
- Skilled using technology tools and digital platforms including market pricing tools and Human Capital Management (HCM) platforms.
- Skilled using Microsoft Office suite, specifically MS Excel, experience required.
- Above average math skills and experience using tools to conduct data analysis.
- Excellent time management skills including multi-tasking, managing deadlines and providing project oversight.
- Excellent written, verbal and listening skills to effectively communicate with staff at all organizational levels.
- Ability to build and manage client relationships, provide effective consultation, and negotiate win-win solutions.
- Ability to counsel and assist management and/or employees as well as interpretation of Bank policy and procedures.
- Ability to resolve complex problems and recommend solutions which are in the best interest of the organization.
- Ability to maintain trust and integrity when working with confidential situations and information.
- Ability to maintain composure under pressure.
- Knowledge in identifying prospective compensation strategies and market trends using market research.
- Knowledge of Workers Compensation regulations and Department of Labor regulations.
Preferred
- CCP (Certified Compensation Professional).
- Change management experience.
Our Benefits:
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
- Comprehensive healthcare options (Medical, Dental, and Vision)
- 401K match, and a fully funded pension plan
- Paid vacation, holidays, and volunteer hours; flexible work environment
- Generously subsidized public transportation and free parking
- Annual tuition reimbursement
- Professional development programs, training and conferences
- And more…
Notes:
This position may be filled at various levels based on candidate's qualifications as determined by the department.
Applicants must be eligible to work in the U.S and the role is not available for sponsorship.
The Federal Reserve Bank of Dallas is proud to be an Equal Opportunity Employer and is committed to ensuring equal employment opportunity to all applicants.
If you need assistance or an accommodation due to a disability, please notify your Talent Acquisition Consultant.
Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryHuman Resources Family GroupWork ShiftFirst (United States of America)The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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Skills Required
- Bachelor's degree in HR, Business, or related field
- Minimum 5+ years performing compensation analysis and related duties
- Experience using MS Excel, R, or Tableau for analysis
- Skilled with market pricing tools and Human Capital Management (HCM) platforms
- Proficient with Microsoft Office suite, specifically MS Excel
- Above average math skills and experience conducting data analysis
- Excellent time management, multi-tasking, and project oversight skills
- Excellent written, verbal, and listening communication skills
- Ability to build and manage client relationships and provide consultation
- Ability to counsel management/employees and interpret Bank policy and procedures
- Ability to resolve complex problems and recommend organizational solutions
- Ability to maintain confidentiality, trust, and composure under pressure
- Knowledge of compensation strategies, market trends, and market research
- Knowledge of Workers' Compensation regulations and Department of Labor regulations
- CCP (Certified Compensation Professional)
- Change management experience
What We Do
This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/
