The Role
Provides compensation analysis and consultation, including job evaluations, salary recommendations, pay equity reviews, incentive plan analysis, compliance audits, salary surveys, and compensation guidance. Advises HR leaders and managers, supports compensation systems, delivers training, and contributes to organizational and compensation-related projects.
Summary Generated by Built In
Position Summary:
The Senior Compensation Analyst will provide compensation analysis and consultation to all levels of management. This support includes job evaluations, salary recommendations, pay equity reviews, and responding to general compensation inquiries. Additionally, this position will provide guidance to managers on compensation policies and practices to ensure compliance and provide system support to end users when necessary.
Major Responsibilities:
• Provide compensation support and consultation to various corporate departments and field locations. This includes ensuring that pay actions are completed timely and within compensation guidelines.
• Provide guidance to HR managers to develop total compensation solutions and comprehensive pay decisions.
• Identify pay trends and develop recommendations to address any areas of opportunity.
• Assist in audits and reviews to ensure pay compliance.
• Ensure that jobs are properly documented; evaluate new jobs to determine compensation structure.
• Annual review of compensation incentive plans to ensure that plans are up to date, in compliance, and include all applicable positions covered by the plan. This includes further analysis to ensure plans are providing the necessary motivation and rewarding performance.
• Participate in salary surveys and analyze data on a regular basis to confirm market competitiveness.
• Deliver training to HR and Managers to educate them on our compensation philosophy, practices and systems.
• Actively participate in projects that impact associate compensation and organizational hierarchy, offer compensation support when necessary.
Qualifications:
• Bachelor’s degree in Business, Finance, or Human Resources preferred, or must have equivalent and relevant compensation experience.
• 6 years Compensation experience required, preferably in a multi-state environment.
• Experience with variable pay plans, budget and structure activities, and job evaluation (point-factor methodology) preferred.
• 3 years HR/Finance Analytics strongly preferred.
• CCP required or willingness to obtain within 1-2 years of entering the role.
• PHR and/or SHRM-CP preferred
• Internal Penske field experience a plus.
• Strong written and verbal communication skills.
• Advanced Excel skills required. Access and PowerPoint preferred.
• Regular, predictable, full attendance is an essential function of the job
• Willingness to travel as necessary, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening are required.
Physical Requirements:
-The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
-The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.
-While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.
-Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
Penske is an Equal Opportunity Employer.
About Penske Truck Leasing/Transportation Solutions
Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.
Skills Required
- Bachelor's degree in Business, Finance, or Human Resources, or equivalent relevant compensation experience
- Six years of compensation experience, preferably in a multi-state environment
- Experience with variable pay plans, budget and structure activities, and point-factor job evaluation methodology
- Three years of HR or Finance analytics experience
- Certified Compensation Professional certification, or willingness to obtain it within one to two years
- PHR and/or SHRM-CP certification
- Strong written and verbal communication skills
- Advanced Excel skills
- Microsoft Access and PowerPoint experience
- Regular, predictable, full attendance
- Willingness to travel as necessary and work the required schedule at the specified location
- Successful background investigation and drug screening
Am I A Good Fit?
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
The Company
What We Do
Penske Truck Leasing is a leading global transportation services provider, offering truck leasing, rental, and logistics solutions with a fleet of over 400,000 vehicles. The company provides full-service truck leasing, contract maintenance, and comprehensive logistics solutions through its subsidiary, Penske Logistics. It is also shaping the future of mobility by investing in electric vehicles and advanced fleet safety systems.
