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As a Compensation Analyst III for GEICO you will manage the administration of base salary compensation, job evaluations, market pricing, and salary structure. In this role you will also support the administration of year-end compensation. This role will support the Compensation Business Partner for Corporate functions serving as a partner between the compensation team and corporate business units. This position allows you to take a leading role and have the opportunity to develop, analyze and recommend improved compensations strategies that provide solutions to issues in creative and effective ways. You will also help to ensure internal equity, external competitiveness, and compliance with all applicable laws, regulations and organizational policies.
Job Responsibility:
Develops and presents summary reports of job analysis and compensation analysis information
Prepares survey submissions and gathers data from market-based compensation surveys
uses spreadsheet and data analysis techniques to assess results and market trends
Support the Compensation Business Partner for corporate functions to serve the business for job evaluations, external candidate offers, salary structure reviews and other business needs as they arise
Acts as project planner for scheduled and ad hoc initiatives such as salary schedule reviews, to include facilitating change controls, change management strategy and timeline
Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position
Advises HR Business Partners and management on salary administration, job code use, wage-hour issues, state and federal pay regulations, as well as compensation policies and procedures
May strategize and implement wholistic department job and compensation reviews
May propose job architecture structures and job profile taxonomy to support department structure and needs
May prepare and maintain job descriptions for each position in the organization
ensures descriptions accurately reflect the work being performed
Gathers and documents job, organizational, and occupational information including duties, responsibilities, and skills required by each job
Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range
Requirements:
7+ years related experience in compensation analysis
Bachelor’s degree in Business Administration, Human Resources, Mathematics, Finance, or related field
Proficient in Excel
Experience with Workday HCM and Advanced Compensation preferred
Adheres to the GEICO Code of Conduct, and company policies and operating principles
Meets attendance standard of the business location, to perform necessary job functions and to facilitate interaction with management and co-workers
Nice to have:
Experience with Workday HCM and Advanced Compensation
What we offer:
Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being
Financial benefits including market-competitive compensation
a 401K savings plan vested from day one that offers a 6% match
performance and recognition-based incentives
and tuition assistance
Access to additional benefits like mental healthcare as well as fertility and adoption assistance
Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year