Compensation Analyst

Company: Community Financial Credit Union
Location: Plymouth
Posted on: March 20, 2023

Job Description:

Community Financial: We Create Belonging!Would you like to be part of an organization that believes in being passionate about what you do?Be a part of a team that cares relentlessly about our members and the communities we serve. Join the CFCU team where we put our members and our team members first! Compensation for this position starts at $28.61 hourly and may increase with relevant work experience and transferrable skills Position Summary:The Compensation Analyst will analyze and implement the Credit Union's total compensation programs, ensuring that CFCU's total rewards package is competitive to attract, engage, and retain high performing team members. Essential Functions and Responsibilities:The minimum requirement for any team member of our company is to work collaboratively and cooperatively with others, with a commitment to a workplace of dignity and respect, in compliance with Equal Employment Opportunity standards and regulations. We also require, as a minimum standard, that all team members have the ability to accept direction and constructive criticism from supervisors and managers. Assess positions and their respective duties to determine classification as exempt or nonexempt and internal equity in pay grades. Evaluate internal and external pay equity, providing recommendations where necessary.Conduct data, cost analyses and provide recommendations for pay offers on new positions, promotions, transfers, and other job or organizational changes.Use analytics to monitor the effectiveness of total rewards package. Research practices in the finance services and Credit Union industries to make informed future of work strategiesSupport the planning and execution of the bi-annual compensation review process Maintain the credit union's position and compensation structures and documentation (i.e. salary grades/position pricing, third party benchmarks, merit increase matrix, compensation & performance evaluation program)Maintain knowledge of rules and laws which govern compensation and benefit administration practices. Advise management on applicable state and federal compensation and benefit regulation and policy changesMaintain confidentiality of information as required by organizational policies. Serve as a backup to other Total Rewards team members. Be an advocate of the Community Financial Credit Union culture by supporting diversity, wellbeing, and other credit union initiatives. Foster a positive image of the credit union via professional representation in all contacts and complies with all of the credit union's mission, vision, and values.Perform other duties as directed by leadership. Qualifications Required:High school diploma or equivalent.2-4 years of compensation experience.Strong analytical and quantitative skills with ability to present to a variety of stakeholdersStrong knowledge of laws related to compensation, including the FLSA, Fair Pay Act, etc.High proficiency using Excel and Word.Effective planning and priority setting. Ability to manage several complex tasks simultaneously while working under pressure to meet deadlines.Ability to project a high degree of professionalism, a positive image of self, and of the credit union,Ability to maintain confidential information. Qualifications Preferred:Bachelor's degree in Business Administration or in Human Resources. Knowledge using ADP Work Force Now. Working Conditions:This position works in-office and remotely. Work requires an appropriate work environment in the home. In-office working conditions are normal. Lighting, temperature, audio, and work space are all sufficient. Work requires the ability to constantly operate a computer and the ability to read, type, and communicate. Disclaimer/Intent and Function of Job Descriptions:The above information on this description has been designed to indicate the general nature and level of work performed by team members within this classification. Because the nature of positions and job functions can change over time, this job description is not designed to contain or be interpreted as a comprehensive inventory of all essential functions, duties, responsibilities and qualifications required of team members assigned to this job. Job duties may be changed or modified in the Credit Union's discretion. The Credit Union will keep team members updated on key functions, duties, and requirements of their position by communications from the Credit Union and by updating the job description from time to time. Any team member with questions about the nature of their job duties is encouraged to consult with their supervisor.Equal Employment Opportunity Policy:Community Financial Credit Union is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable Federal, State or local laws. PI208449963

Keywords: Community Financial Credit Union, Detroit , Compensation Analyst, Professions , Plymouth, Michigan