Senior Compensation Analyst

Salary: $110,000 - $125,000/yr.

Power Solutions International (PSI) is a leading manufacturer of emissions-certified powertrains specializing in customized and fully integrated turnkey solutions for the leading global equipment manufacturers in the industrial, transportation, and energy markets manufacturers. Our facilities are housed in one million square feet of engineering, assembly, operations, and distribution space across seven facilities. We are positioned to meet the high production volumes of our customers with added capacity for growth.

Summary:

Reporting to the Human Resource Director, the Senior Compensation Analyst manages compensation and our job description repository.  This individual will develop and administer processes and controls to allow effective data analysis and reporting of compensation, ensure compliance with regulations, and effectively use resources to attract and retain employees through compensation structure.

Essential Responsibilities:

• Conduct research and analysis in different areas involving compensation through statistics and market analysis.
• Conduct position evaluations, job classifications, assessing the budgetary impact of compensation decisions.
• Define a fair, equitable and competitive total compensation package that aligns to PSI company’s strategy and business goals.
• Ensure that compensation practices are compliant with current legislation (pay equity, human rights, etc.)
• Collaborate with senior level leadership to determine staffing needs, design, and adjust salary structures and compensation packages.
• In conjunction with the HR Director, legal, and senior management, assist with design of new compensation programs
• Develop, review, and maintain accurate, standardized job descriptions across the organization ensuring alignment with organizational needs and position requirements.
• Manage and maintain the centralized job description repository to ensure accuracy, consistency, and accessibility.
• All other duties as assigned by management. 

Requirements:

• Bachelor's degree in Human Resources preferred, may substitute with direct applicable work experience on a year- for - year basis which built competencies and subject matter expertise.Minimum of 5 years’ experience in progressive compensation experience, including direct responsibility for developing, implementing, and maintaining compensation programs.
• Demonstrated experience independently designing and implementing a comprehensive company wide compensation structure, including salary grades, pay ranges, job classification, and compensation guidelines.
• Proven experience conducting market pricing, compensation benchmarking, internal equity analyses, and job evaluations.
• Experience developing compensation structures for both hourly and salaried employee populations required.
• Analytical skills to understand and apply research and statistics in report writing and decision-making.
• Subject Matter Knowledge in labor laws including the Fair Labor Standards Act and other federal laws regulating compensation, benefits, and privacy standards and how to those regulations translate to compensation policy and administration
• Ability to juggle multiple projects and priorities with strong organizational skills to manage records and data and meet deadlines.

PSI offers a wide range of benefits from medical, dental, and vision to pet insurance as well as discounted prescription plans. Additionally, we also provide a 401k match, life insurance and AD&D, short- and long-term disability, and an employee assistance program. Come join our team and learn more about PSI and what we have to offer!

Power Solutions International/3Pi is an EOE disability/vet company offering a drug-free workplace. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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