Compensation Analyst II

Compensation Analyst

The Compensation Analyst is responsible for implementing and administering compensation process and programs that assist the company in attracting, retaining and motivating top talent while ensuring alignment with our business goals and compliance with regulatory requirements. May also assist in the design and development of new programs and processes.

Responsibilities:

Supports and administers compensation processes, i.e., annual compensation planning, mid-year promotion cycle, salary survey submission, performance bonus plan accruals, compliance tracking, etc.

Conducts market analyses and benchmarking studies to evaluate compensation program competitiveness to the market.

Conducts job evaluations, reviews external market data and internal pay equity and processes pay changes in Workday.

Processes compensation inquiries regarding compensation processes, procedures and policies received through ticketing system or email in accordance with established SOPs and standard response times.

Audits and maintains employee pay data in Workday.

Recommends, researches, and implements process improvements for compensation programs and procedures. Partners with various HR teams and leadership to provide guidance on compensation processes, procedures, and policies.

Directly supports the TA team in evaluating and approving offers in Workday.

Performs other duties as assigned.

Travel Requirements:

Domestic Travel: 0% International Travel: 0%

Minimum Requirements:

Education: Bachelor's

Field of Study: Human Resources, Business

Experience: 2+ years

Knowledge, Skills, Abilities, and Other Attributes:

• Knowledge of applicable HR laws and regulations, including FLSA.
• Proficiency with Microsoft Office (Outlook, Word, and PowerPoint), strong Excel skills required.
• Strong verbal and written communication skills, strong attention to detail.
• Ability to think critically, analyze complex problems, and exercise judgment in evaluation to formulate creative solutions.
• Ability to effectively collaborate with people at all levels of an organization.

Preferred Qualifications:

Education: Bachelor's

Field of Study: Human Resources, Business

Certification(s): Certified Compensation Profession (CCP), Global Remuneration Professional (GRP)

Knowledge, Skills, Abilities, and Other Attributes:

• Workday advanced compensation and reporting experience.
• Hands-on experience with multi-factor regression analysis.
• Strong data analytics experience.
• Project management - Ability to manage projects and processes from start to finish
• Ability to effectively collaborate with people at all levels of an organization.
• Experience building tools in Excel to simplify and automate processes.

Starting Compensation:

Annual Salary: $66,200.00 - $86,000.00 (Amount based on office location, relevant experience, skills, and competencies)

If you are wondering why you should work for us, here is something to help you decide:

Pay and Bonuses: Earn a competitive salary. All employees are eligible for monthly incentives or annual bonus.

Career Progression: Grow at MCM with paid training and development programs including our very own MCM Academy as well as a promote-from-within philosophy.

Reward and Recognition: We are committed to honoring great results ranging from informal accolades to formal company-wide awards and prizes like all-inclusive vacations.

Tuition Assistance: Pursue a degree or coursework related to your current role, or the role you are striving for.

Healthcare Insurance: Take advantage of comprehensive healthcare plans and options to ensure your continued health, plus fitness membership reimbursements, weight watchers, our wellness rewards Program and more.

Volunteering Opportunities: Enjoy up to eight hours of paid time off each year to volunteer. We also offer volunteer grants and matching financial donations, up to US$ 2,500 per employee annually.

Retirement Savings: Build a strong financial foundation and reach your goals for the future. With all the effort you invest in us, we're proud to invest in you.

New Family Support: Celebrate your new arrival with company paid leave, new parent flex time, and child back-up care options.

Team-building: Enjoy experiences that inspire bonds with your colleagues through a wide range of company-sponsored team-building events, such as holiday celebrations and department outings.

Work-Life Balance: Enjoy paid and floating holidays, as well as generous paid-time-off.

Our compensation and benefits programs were created with an 'Employee-First Approach' focused on supporting, developing, and recognizing YOU. We offer a wide array of wellness and mental health initiatives, support volunteerism, and environmental efforts, encourage employee education through leadership training, skill-building, and tuition reimbursements, and always strive to provide promotion opportunities from within.

About Us:

Headquartered in the United States, Encore Capital Group (Encore) is a publicly traded international specialty finance company operating in various countries around the globe. Through our businesses - such as Midland Credit Management and Cabot Credit Management - we help consumers to restore their financial health as we further our Mission of creating pathways to economic freedom. Our commitment to building a positive workplace culture and a best-in-class employee experience have earned us accolades including Great Place to Work certifications in many geographies where we operate. If you have a passion for helping others and thrive at a company that values innovation, inclusion and excellence, then Encore Capital Group is the right place for you.

Encore Capital Group and all of its subsidiaries are proud to be an equal opportunity employer and are committed to fostering an inclusive and welcoming environment where everyone feels they belong. We encourage candidates from all backgrounds to apply. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, disability status, or any other status protected under applicable law. If you wish to discuss potential accommodations related to applying for employment, please contact Talent@mcmcg.com.