Compensation Analyst

Company:  The Knot Worldwide
Location: Chevy Chase
Closing Date: 28/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Job Description
ABOUT THE ROLE AND OUR TEAM:
As the Compensation Analyst you will be responsible for the support and maintenance of TKWW's compensation structure. You will oversee the organization's compensation data impacting multiple stakeholders, including FP&A, Recruiting, and HR Business Partners. You will ensure market-based data is readily available and incorporated into existing and future processes including but not limited to recruiting, internal mobility, promotion and merit efforts. As an expert analyst, you will evaluate both internal and external data trends with a focus on pay equity. You will work with both US and international data. This position will report to the Director, Global Total Rewards.
RESPONSIBILITIES:
  • Creates and maintains readily accessible and organized compensation and pay scale information for all roles within the organization, including but not limited to base salary, bonus, and equity.
  • Analyzes and incorporates third-party market data into existing and future practices.
  • Plays a key role in the onboarding and promotion processes by ensuring appropriate employment classification, job level and exemption status are properly classified in partnership with the Compliance Manager and by making market data available pre-offer letter when salary decisions are being made.
  • Partner with Senior Data Analyst to constantly monitor, analyze and report on internal pay equity trends and cost analysis by creating regular dashboards and reporting for stakeholders.
  • Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position, in alignment with the organization's compensation philosophy.
  • Prepares and presents summary reports of job analysis and compensation analysis information.
  • Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
  • Evaluates and implements job analysis instruments and materials.
  • Researches employee benefits in similar industries; based on findings, recommends changes or updates to the company's existing benefits or policies.
  • Advises management on applicable state and federal employment regulations regarding compensation policies and structure.
  • Maintains job descriptions inventory for each position in the organization in partnership with the Compliance Manager.
  • Regularly audits accuracy of job descriptions; especially for new roles in the organization.
  • Performs other related duties as assigned
SUCCESSFUL COMPENSATION ANALYST CANDIDATES HAVE:
  • 5+ years of experience working Compensation/Total Rewards or a related field
  • Expert level Excel skills required
  • Experience with Google Suite, specifically Google Sheets
  • A degree or certification in Human Resources or related field is preferred
  • Possess knowledge of quantitative and qualitative research methods.
  • Possess knowledge of human resource laws, regulations and best practices.
  • Prior experience working in HRIS/HCM systems with practical experience with HR database administration including payroll systems
  • Prior experience analyzing Radford, Mercer, WTW or other third party compensation data
  • Prior experience administering an organization's promotion/merit process either via spreadsheets or a system such as PayScale.
  • Experience in creating, designing, and maintaining effective dashboards and other data delivery methods to stakeholders
  • Data accuracy and attention to detail is a nonnegotiable
  • Thinks with a Global mindset and work with partners globally as needed
  • Collaborates and builds relationships cross-functionally with various departments and stakeholders to find solutions, increase productivity, efficiency and team success
  • Ability to thrive in fast-paced environment, multi-task, prioritize effectively, and adhere to tight deadlines and quick turnarounds
  • Possess a self-confident, high energy, positive, results-oriented demeanor with a strong drive to succeed and good judgement
  • Excellent organizational, problem-solving, communication, interpersonal, and time management skills
  • Strong ability to organize and prioritize with excelling written and verbal communication skills
About Us
At The Knot Worldwide, we believe you are more than a resume and invite you to go for it, take the leap of faith, and apply for this job if it sparks your passion to join TKWW and make a difference!
WHAT WE LOVE ABOUT YOU:
  • You Dream Big. You iterate and experiment to drive innovation.
  • You Love Our Users. You keep our global community at the center of everything you do.
  • You Do the Right Thing. You strengthen your team through respect, fairness, and inclusion.
  • You Hustle Every Day. You favor urgency and own your outcomes.
  • You Win Together. People are at the heart of our success and you play as a team.

WHAT YOU LOVE ABOUT US:
We believe in a wide range of holistic offerings to support our employees so that they can live our values day in and day out. From mental wellbeing, physical health and financial planning, to engaging perks and discounts, we are in the business of celebrating and supporting the Moments that Matter. We offer flexible vacation, generous parental leave and prioritize initiatives that support the growth, development, and happiness of our people.
To facilitate in-person collaboration, we have office spaces in Barcelona, Spain; Boston, MA; Delhi, India; Galway, Ireland; London, England; Madrid, Spain; New York, NY; Omaha, NE; Portland, OR; and Washington, D.C.
We are seeking applicants residing in the Central or Eastern US time zones to facilitate effective communication with the company's headquarters in Chevy Chase, MD.
US Notice: The Knot Worldwide provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, or disability. In addition to federal law requirements, The Knot Worldwide complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. The Knot Worldwide expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status.
About the Team
WHAT WE DO MATTERS:
Here at The Knot Worldwide, we believe in doing work that matters. In more than 16 countries around the world, The Knot Worldwide's leading family of brands-including The Knot, WeddingWire, Bodas, The Bash, The Bump, and more-help people take celebration planning from inspiration to action. When you join our global team, you'll be a part of a diverse group of individuals passionate about serving and enabling our communities to celebrate the moments that make us.
Apply Now
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