Together, we serve the public and each other in an innovative environment that values the highest ethical standards. Here you'll find support to develop, united in a clear and common purpose with a diverse team.
The Total Rewards Analyst will be responsible for developing and administering total rewards programs with an emphasis on compensation, but also inclusive of benefits and wellness programs. The ideal candidate is detail-oriented, analytical, has an aptitude to learn, and can effectively tailor communication to deliver complex/difficult messages. The candidate also is interested in enhancing or developing deep Total Rewards practitioner knowledge to serve as a subject-matter expert and advise senior management on programs and market trends.
Develops and administers:
- Salary administration & variable pay programs. Activities include developing and recommending budgets, allocations, and guidelines; consulting with business line leadership on rewards and recognition strategies; and reviewing transactions for alignment with policy and strategy.
- The Bank’s job evaluation program. Activities include reviewing job documentation, analyzing market data, and determining FLSA classification.
- Benefits programs, including health insurance, retirement, and wellness programs. Activities include coordinating with Office of Employee Benefits and vendors, ensuring timely delivery of benefits information to employees, and handling escalated coverage issues.
- Educational campaigns, events, and programs across the spectrum of Total Rewards.
Additional responsibilities include:
- Conducts and/or participates in compensation surveys.
- Compiles and analyzes data to recommend adjustments to the Bank’s salary structure.
- Monitors total rewards trends and business issues to ensure competitiveness of the Bank’s compensation philosophy and programs.
- Advises and consults with colleagues across the department, Bank management, and System contacts on Total Rewards topics.
- Performs other duties as assigned
Requirements:
- Typically requires 0-3 years of relevant experience
- Three years of relevant experience is preferred, which could include finance or data analysis, detailed human resources program administration and support, or human resources program development. Typically, does not require previous total rewards experience.
- Bachelor’s degree in business administration or a closely related field from an accredited college or university, or equivalent combination of directly related education and/or experience.
- Strong analytical skills and proficiency in data analysis tools such an Excel or Tableau preferred.
- Familiarity with the Human Capital Management programs preferred.
Pay Range: The starting pay range for this position is $59,500 to $92,800 for the job level(s) required for this position. Final offers are determined by factors including the candidate’s qualifications, internal alignment considerations, district assignment, and geographic location.
Sponsorship: Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
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Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryOperations 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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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.
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