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Senior Compensation Analyst

Chicago, Illinois, United States

Job Summary/Purpose 

You are a data-driven compensation professional and aficionado! You yearn for something different, new, and exciting. You enjoy, love, and get a kick out of data from using formulas, summarizing data, and using it to present a business case. As a Senior Compensation Analyst on the Total Rewards team, you will: 

  • Work closely with some pretty awesome people in nearly every department to provide compensation consulting, provide analytical, technical, and administrative support as it relates to our compensation programs and reporting 
  • Play a role in the implementation and administration of compensation programs such as base pay, short and long-term incentives, job evaluations, market reviews, annual compensation cycle processes, and ad-hoc projects that support the company’s compensation strategy 
  • Offer guidance and analytical support for the implementation and execution of compensation processes, programs, and practices 

Sounds amazing, doesn’t it!  

Responsibilities 

General Compensation: 

  • Evaluate new and existing jobs to determine appropriate salary grade, FLSA classification, and/or salary adjustments 
  • Conduct ongoing analysis to support market pricing and assist company leaders in making informed, competitive compensation decisions 
  • Prepare and present summary reports of job analysis and compensation analysis information 
  • Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position 
  • Assist in providing compensation support for job offers to ensure internal and external equity 
  • Maintain documentation of FLSA determinations and classifying exemption status for jobs through review of job profile audits and ensure appropriate EEO mapping of positions 
  • Maintain and improve our compensation systems, working with the People team to make sure tools are integrated, scalable, and able to support the company as we grow. 
  • Drive automation and process improvements for compensation programs; develop methods for supporting innovation and change across the organization 
  • Compile, validate, and submit data for annual and ad-hoc compensation surveys 
  • Support administration of short-term and long-term incentive programs 

 Pay Transparency and Compliance: 

  • Support compliance with state and local pay transparency laws by maintaining up-to-date salary ranges and documentation 
  • Partner with Talent Acquisition to provide accurate and compliant pay ranges for job postings and candidate communications 
  • Monitor evolving legislation on pay transparency and assist in implementing updates to internal guidelines and systems 
  • Ensure ongoing audits for internal compliance, governance, ensuring adherence to state, local, and federal statutes and laws 

Equity: 

  • Assist with the day-to-day administration of the Company's equity (stock-based) incentive plans 
  • Ensure that all equity transactions are processed and settled timely and accurately; reconcile transactions, termination dates, tax withholding, and reporting, and other items as required 
  • Perform periodic reviews and reconciliations of participant data and transactions to ensure accuracy and in accordance with policies and audit procedures 
  • Provide accurate, timely, and usable reporting to important collaborators (i.e., Payroll, Accounting, Legal, Human Resources, etc.) 
  • Handle equity plan-related inquiries and requests from employees, executives, board members, and external brokers on a regular basis 
  • Assist in preparing equity-related materials for the compensation committee and leadership 

HRIS/Reporting: 

  • Maintain compensation information in HRIS; establish an audit cadence to ensure data accuracy and integrity  
  • Create and run reports to support compensation program administration and assist with other reporting needs  
  • Validate and audit HRIS data regularly to ensure compensation information is accurate, consistent, and compliant  
  • Partner with HRIS/People Ops to troubleshoot data issues, improve data integrity, and streamline reporting processes  

Compensation Cycle: 

  • Lead the preparation and administration of the company’s annual merit cycle, including setup, testing, data validation, and post-cycle reporting 
  • Partner with HRBPs and leaders to ensure smooth execution of merit planning; provide training, reporting, and troubleshooting support 
  • Maintain and enhance our cloud-based merit planning system; collaborate with People Ops and HRIS (Wurk) to ensure data accuracy, integrations, and timely updates 

 Minimum Qualifications  

  • College degree or equivalent combination of education, training, and/or experience 
  • Three (3) or more years of progressively responsible and relevant experience 
  • Strong data analysis skills with the ability to work with large data sets and synthesize data to identify trends; analytical and conceptual ability necessary to evaluate internal and external data 
  • Knowledge of Fair Labor Standards Act, Pay Equity, and other laws, regulations, etc., governing classification pay issues 
  • Demonstrated ability to identify non-routine situations and exceptions and apply effective problem-solving skills 
  • Demonstrated ability to independently plan, prioritize and organize work while managing many priorities 
  • Strong attention to detail 
  • Strong written and verbal communication skills 
  • Strong interpersonal skills, effective team member, and builder of productive working relationships 
  • Ability to think critically, anticipate issues, and proactively suggest solutions 
  • Ability to maintain a high level of confidentiality 
  • Proven ability to achieve objectives in a dynamic, often ambiguous, environment 
  • Proficiency with Microsoft Office (Excel, Word, PowerPoint) 

Preferred Qualifications  

  • Five (5) or more years of progressively responsible and relevant experience 
  • Prior experience in developing and implementing base pay and incentive programs (e.g., salary structures, salary grades, job families, job architecture) 
  • Experience in working with compensation analysis related to union / collective bargaining agreements  
  • Knowledge of basic accounting and financial principles and the requirements of collaborating with Finance on relevant compensation activities 
  • Experience with various HCMS/HRIS systems (PeopleSoft, SAP, Wurk, Workday, UKG, Callidus, ADP, SuccessFactors) 
  • Experience with compensation related software (PayFactors, Payscale, MarketPay, Salary.com, CompAnalyst, ERI) 
  • WorldatWork certification (CCP, GRP, CECP, CSCP) 
  • Microsoft Excel certification 

Additional Requirements 

  • Must pass any and all required background checks 
  • Must be and remain compliant with all legal or company regulations for working in the industry 
  • Must possess a valid driver’s license 
  • Must be a minimum of 21 years of age 
  • Must be approved by state badging agency to work in the cannabis industry 

The pay range is competitive and based on experience, qualifications, and/or location of the role. Positions may be eligible for a discretionary annual incentive program driven by organization and individual performance.

Green Thumb Pay Range

$95,000 - $120,000 USD

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