Reference #: COMPE004444
DescriptionChesapeake Utilities Corporation
Career Opportunity
Compensation Analyst
Location: Hybrid within service area states of DE, PA, MD, OH, VA, NC, FL, GA with periodic travel
What makes us great
At the heart of our Company is a dedication to delivering energy that drives progress. We put people first, work to keep them safe and build trusting relationships.
Your role in our success:
This role is responsible for analyzing, designing, and administering compensation programs to support our ability to attract and retain talent, as well as ensuring market competitiveness and compliance. This individual will play an essential role in the development and execution of compensation strategies that align with the company's strategic goals, unique needs of our businesses, and reflecting industry best practices. This individual will work closely with HR Business Partners, department heads, and leadership teams to provide data-driven insights and recommendations related to employee compensation.
What you'll be working on
Compensation Analysis & Benchmarking:
Conducts annual salary surveys to determine alignment in salary structure and annual increases, as well as salary grade adjustments
Reviews job descriptions ensuring that essential functions accurately reflect the position requirements; collaborates with managers and HR Business Partners on edits to ensure completeness and compliance
Conducts compensation studies for all new and revised job descriptions to determine job title, grade and FLSA classification
Compensation Administration:
Provides annual communication with all people leaders related to the process and timing of performance review ratings and correlation to salary increases, provides recommendation for senior officer increases, and advises people leaders to communicate salary increases to their teams. Submits final approved versions to payroll for processing
Assists with the calculation of the annual TIP and other incentive program calculations, including short and long-term incentives for officers, as well as other reward programs
Assists in the creation and maintenance of pay structures, job grading, salary bands and pay codes
Compliance, Reporting & Documenting:
Assures organizational compliance with federal, state, and local compensation laws and regulations, to include, the Fair Labor Standards Act (FLSA) and the Employee Retirement Income Security Act (ERISA); assists payroll with the preparation of reports and/or applications required by federal and state law, to include, the IRS, DOL, and any other regulatory agencies.
Assists, monitors, and audits the effectiveness of all existing compensation policies, guidelines and procedures for all business units within Chesapeake
Reviews all compensation programs, including commission plans for compliance and consistency
Prepares ad-hoc reports on compensation data, trends, and recommendations
Assists in ensuring compliance with equal pay, labor laws, reporting requirements, etc.
Consultation as a Subject Matter Expert (SME):
Provides advice and guidance to HR Business Partners, Recruiters and/or Business Unit Leaders on pay decisions, policy interpretation and job evaluation, including but not limited to the design of creative solutions to specific compensation-related matters
Advises the collective bargaining agreement management negotiation team on all compensation related negotiations, as well as process negotiated salary increases, step increases, and obtaining/retaining proper documentation of such approvals
Assists with the creation of materials to assist with educating people leaders on key compensation related concepts, may include videos, job aids, FAQ memos, etc.
Data Integrity:
Manage compensation data, ensuring accuracy and integrity within the HRIS
Collaborate with IT and HR teams to ensure the functionality and continuous improvement of tool related to the end-user experience while perfor ing compensation tasks within the system
Process Improvement & Projects:
Stay current on compensation best practices, trends, and regulatory changes in order to recommend updates to strategies
Support and participate in special projects and initiatives, including but not limited to process improvements, compensation reviews, system enhancements, M&A due diligence, proxy support, etc.
Support activities related to the administration of the Defined Benefit (DB), Defined Contribution (DC), and Non-Qualified Deferred Compensation Plan (NQDCP)
Performs other duties as assigned by the Manager, Compensation & Retirement and/or the Director, Total Rewards
Who you are:
High School Diploma or equivalent; Bachelor's Degree in HR, Business, Finance, or a related field preferred
Three (3) years of experience in compensation analysis or related HR functions, preferably in a multi-state environment
HRIS experience (preferably UKG and SAP systems)
Standard Driver's License
Certified Compensation Professional (CCP) required
Extensive knowledge of compensation laws, practices, and compliance requirements, i.e. FLSA, 409A, etc.
Application of advanced skills with the use of MS Office suite, including Word, Power Point, and especially Excel (VLOOKUP, pivot tables, etc.)
Advanced mathematical aptitude and critical thinking skills
Exceptional interpersonal skills
Attention to detail in establishing priorities and meeting deadlines
Excellent oral, written and communication skills, as well as exceptional listening skills
Ability to work independently
Ability to facilitate "seek to understand" conversations and to collaborate with people at all levels of the organization
Ability to multi-task and prioritize in a fast-paced environment
Ability to work with large datasets to analyze data, provide insights, and make recommendations in an understandable way
Who you are
Baccalaureate Degree in Human Resources or related field.
Three (3) years of experience in compensation/salary studies
Certified Compensation Professional (CCP)
Possess extensive knowledge related to laws and regulations related to compensation; i.e., FLSA and ERISA.
Application of advanced skills with the use of the Microsoft Office suite, to include, Word, Power Point, Excel. Mathematical aptitude and critical thinking skills are required.
Essential that abilities include effective interpersonal skills, advanced verbal and written communication skills, and ability to collaborate effectively with all levels of leadership within the organization.
Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints.
Ability to organize and prioritize own work schedule on a short-term basis (day-to-day, week-to[1]
Ability to make decisions which have impact on the immediate work unit.
Ability to compose materials such as detailed reports, work-related manuals, and make presentations outside the immediate work area.
Ability to compute, analyze, and interpret complex statistical data and develop forecasts and computer models.
Where you'll be working
Remote work from home environment with travel to business locations periodically, as needed.
Benefits/what's in it for you?
Flexible work arrangement
Competitive base salary
Fantastic opportunities for career growth
Cooperative, supportive and empowered team atmosphere
Annual bonus and salary increase opportunities
Monthly recognition events
Endless w