Compensation Analyst

Company: Federal Reserve Bank of Kansas City
Location: Kansas City
Posted on: November 19, 2024

Job Description:

CompanyFederal Reserve Bank of Kansas CityAs a part of the nation's central bank, the Federal Reserve Bank of Kansas City supports a stable financial system. We work across diverse communities throughout our region and nation to foster understanding in our economy, the payments system, and financial institutions for people from all walks of life.

Together, we serve the public and each other in an innovative environment that values the highest ethical standards. Here you'll find support to develop, united in a clear and common purpose with a diverse team.

The Compensation Analyst will be responsible for analyzing and administering employee compensation programs, including base pay and variable pay. The role involves researching market trends, evaluating jobs and ensuring our compensation practices remain competitive and aligned with the Bank's objectives. The ideal candidate is detail-oriented, analytical, has an aptitude to learn, and can effectively tailor communication to deliver complex/difficult messages. The candidate also is interested in developing deep compensation practitioner knowledge to serve as a subject-matter expert and advise senior management on programs and market trends.Key Activities:Develops and administers:

• Salary administration & variable pay programs. Activities include developing and recommending budgets, allocations, and guidelines; consults with business lines; ensures alignment with policies; and compiles reports and metrics.
• The Bank's job evaluation program. Activities include reviewing job documentation, analyzing market data, and determining FLSA classification.
• Educational campaigns and programs.Additional responsibilities include:
  • Conducts and/or participates in compensation surveys.
  • Compiles and analyzes data to recommend adjustments to the Bank's salary structure.
  • Monitors compensation trends and business issues to ensure competitiveness of the Bank's compensation philosophy and programs.
  • Consults with recruiters, Bank management, and System contacts on compensation issues. Participates in System workgroups.
  • Performs other duties as assignedRequirements:
    • Typically does not require any previous compensation analysis experience. Three years of relevant experience is preferred, which could include finance or data analysis, detailed human resources program administration and support, or human resources program development.
    • Bachelor's degree in Business Administration or a closely related field from an accredited college or university, or equivalent combination of directly related education and/or experience.
    • Strong analytical skills and proficiency in data analysis tools such an Excel or Tableau preferred.
    • Familiarity with the Human Capital Management programs preferred.Additional Information:Location: Hybrid - Kansas City, MO (minimum of 50% monthly)Pay Range: The starting pay range for this position is $60,800 to $90,000 for the job level(s) required for this position. Final offers are determined by factors including the candidate's qualifications, internal alignment considerations, district assignment, and geographic location.Sponsorship: Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.About Us: Follow us on , Instagram, , and Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryHuman ResourcesWork ShiftFirst (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.Always verify and apply to jobs on Federal Reserve System Careers () or through verified Federal Reserve Bank social media channels.

Keywords: Federal Reserve Bank of Kansas City, Lee's Summit , Compensation Analyst, Professions , Kansas City, Missouri