Compensation Analyst

Compensation Analyst

At H&P, our people are our strength. Since 1920, Helmerich and Payne has been the industry's most trusted partner in drilling productivity and reliability. As the world changes, so does our approach. We are changing the landscape of drilling by using cutting-edge rig technologies and drilling solutions to build upon a century of success, all while continuing to deliver better outcomes for our customers.

At H&P, our people are our strength. We strive to continually lead with our Core Values that enable employees to develop on their H&P Journey. We believe that doing the right thing means creating a more diverse, equitable, and inclusive workplace that empowers our people to bring their authentic selves to work every day.

Some companies offer career paths. We offer a Journey of a Lifetime. Let's go far, together.

Location: Tulsa, OK

Work Type: Onsite

The Compensation Analyst is primarily responsible for assisting with the implementation and administration of compensation programs. The role will participate in compensation related projects and process improvements in the compensation system.

What you will do:

• Researches, analyzes, and presents compensation data in order to assist with the determination of salaries offered to new hires, base compensation adjustments for existing employees, and short-term incentive targets for the annual corporate bonus plan.
• Coordinates the process of procuring compensation market data. Completes compensation surveys and directly interact with survey vendors to complete the survey process (e.g. review survey job descriptions to ensure that H&P positions and survey positions are matched appropriately, answers questions from vendor related to data submitted, etc.). Research and identifies survey products that could potentially serve as relevant data points used for the purpose of establishing salaries/hourly rates.
• Completes special projects. Examples: Provides analysis used to established salaries/hourly rates when FLSA reclassifications occur. Provides analyses related to cost-of-living differentials. Fulfills ad hoc reporting requests.
• Provides accrual support to the accounting department. On a quarterly basis, prepare details and summary bonus accruals.
• Performs control activities to ensure compliance with established compensation practices. On a monthly basis, reviews positions with default compensation for compliance with established salaries/hourly rates. Research discrepancies and resolves instances of non-compliance through regular audit reporting.
• Develop process improvements within the compensation system.
• Maintains compensation data within the HR system. This includes, but is not limited to, one-time payment processing, employee data corrections, outside guideline approval steps, mass load file templates, allowance plan documentation, etc.
• Creates one-time payment employee letters
• Works with HR and IT staff to ensure that the HR systems meet compensation needs and is updated to reflect changes to salary structures, bonus programs, etc.
• Supports annual compensation merit and bonus program as needed.
• Partners with business leaders to ensure compensation guidelines are consistently applied.
• Participates in projects such as survey participation and analysis in compensation integration for mergers and acquisitions.
• Provides Tier 1 support for most compensation related inquiries
• Works with the legal department to fulfill compensation information requests
• Demonstrates the H&P Company values: Actively C.A.R.E., Service Attitude, Innovative Spirit, and Teamwork.

What you need:

• Certified Compensation Professional (CCP) preferred.
• Bachelor's degree in human resources management, Business, Accounting, Finance or other related degrees.
• 4+ years of experience in an analytical role or equivalent combination of education and experience. Knowledge of Workday system a plus.
• Basic knowledge of compensation practices and processes.
• Ability to conduct comprehensive market pricing studies.
• Ability to organize and work on multiple activities which require close attention to detail.
• Ability to apply consultative skills in a business environment.
• Strong project management skills.
• Ability to organize and maintain a high level of objectivity and confidentiality.
• Analytical with demonstrated quantitative skills.
• Proficient with Microsoft Office products including advanced Excel skills.
• Solid written and verbal communication skills.

What we offer:

• Comprehensive medical, dental, vision, and life insurance
• Flexible Spending or Health Savings Accounts
• 401k match
• Paid Leave Plans
• Parental & Adoption Benefits
• Disability Coverage
• Employee Assistance Program
• Educational Assistance
• Learning & Development Opportunities
• Flex-scheduling available for qualifying positions to achieve work-life integration

The job level and associated compensation for this position will be determined based on the candidate's experience, qualifications, and alignment with the role's requirements. Final compensation for this role may vary depending on individual factors.

H&P is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, veteran status, or disability.

Thank you for your interest in joining our team!