Benefits & Compensation Analyst

Description

Job Summary

The Benefits & Compensation Analyst is responsible for analyzing, designing, and administering the organization's benefits and compensation programs. This role ensures that the company's compensation and benefits packages are competitive, cost-effective, and aligned with the company's objectives and legal requirements.

This role can be worked from any Choice Bank location in MN or ND

Responsibilities

• Analyze and evaluate the organization's current compensation and benefits policies.
• Compare the organization's compensation and benefits programs with those of other companies in the same industry.
• Develop and present reports to HR and senior management.
• Assist in the design of cost-effective and attractive compensation and benefits programs.
• Review changes to the legal and regulatory landscape to ensure the company’s policies remain compliant.
• Ensure company policies adhere to federal and state laws.
• Work closely with the HR team to address and resolve employee compensation queries.
• Assist with annual performance reviews and recommend pay adjustments.
• Participate in salary and labor market surveys to determine prevailing pay rates and benefits.
• Develop policies and procedures that ensure the achievement of the company’s pay philosophy
  
  

Cultural Alignment

Choice is #PeopleFirst, banking second.

People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.

In contributing to our culture, Choice team members are guided by our core values.

• Embrace change and encourage innovation.
• Know when to ask for help and know when to offer help.
• Better the places we live.
• Work hard. Do the right thing. Have a little fun.
  
  

Requirements

• Minimum of 6 to 8 years of relevant experience with requisite competencies.
• Advanced understanding of compensation and benefit principles.
• Strong communication and presentation skills.
• Strong leadership and project management skills.
• Ability to influence and negotiate with vendors and senior team members.