Sr. Compensation Analyst
Date: Aug 27, 2023
Location: Lexington, MA, US
Company: MIT Lincoln Laboratory
The Human Resources Department is customer focused in the design and delivery of services to employees, managers, and candidates. Services include the oversight of MIT Lincoln Laboratory's recruiting programs, including college recruiting, summer undergraduate and graduate programs, and student co-op programs. Additionally, the department supports the Laboratory's diversity and inclusion efforts, manages training and career development, and administers compensation and performance management systems. The department also provides benefits counseling and administration, supports employee and labor relations programs, and manages Human Resources Information System data and applications.
This position will be hybrid (combination of onsite and remote work).
Job Summary
A Senior Compensation Analyst is needed to serve as an expert resource and consultant on total rewards matters for employees and managers. Reporting to the Manager of Compensation & Benefits, this role is responsible for helping to ensure the effectiveness of compensation plans and programs.
As a subject matter expert, the incumbent will administer, implement, and communicate MIT Lincoln Laboratory's compensation programs; provide analytical expertise, guidance, and interpretation of various compensation guidelines.
Summary of Duties:
•Work with HR Business Partner and Talent Acquisition teams to provide appropriate guidance regarding pay decisions, policies, and job evaluations
•Lead annual compensation program initiatives including the annual merit review process and salary range updates
•Serve as project manager in a variety of compensation infrastructure projects
•Consult in job evaluations, including the review/approval of new job titles/descriptions
•Provide compensation analysis and guidance to help Managers make informed pay decisions
•Research, analyze and evaluate market data and pay practices
•Lead market studies for particular job groups upon request and/or observations of retention/recruitment issues
•Develop and improve overall total rewards communication and education campaign
•Keep current on compensation trends and by participation in surveys, professional memberships, and access to other resources
•Make recommendations to leadership on compensation program strategy
•Reviews existing and proposed statutory requirements governing compensation administration and recommends appropriate courses of action
Qualifications:
•Requires a bachelor’s degree and at least 6 years of direct experience in compensation
•Must be well versed in various state and federal wage and hour laws including FLSA, Equal Pay Act, MEPA, ERISA, etc.
•CCP preferred, but not required
•Excellent communication, presentation and interpersonal skills, with the ability to engage with all levels of leadership required
•Uses influence, negotiation, and persuasion to achieve objectives
•Ability to multi-task and handle multiple projects
•Experience with SAP and/or MarketPay a plus
•Advanced Microsoft Office skills with proficiency in Excel
For Benefits Information, click http://hrweb.mit.edu/benefits
Selected candidate will be subject to a pre-employment background investigation and must be able to obtain and maintain a Secret level DoD security clearance.
MIT Lincoln Laboratory is an Equal Employment Opportunity (EEO) employer. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, veteran status, disability status, or genetic information; U.S. citizenship is required.
Requisition ID: 40058 #LI-SS1
Nearest Major Market: Boston
Job Segment:
Labor Relations, Performance Management, Recruiting, Security Clearance, Employee Relations, Government, Human Resources
