Compensation Analyst

Advance Auto Parts
Raleigh, NC Full Time
POSTED ON 3/16/2024 CLOSED ON 4/28/2024

Job Posting for Compensation Analyst at Advance Auto Parts

Job Description

OVERVIEW

As a Compensation Analyst, you will play a crucial role in managing various programs related to Incentive Management and Consulting. Responsibilities include bonus dispute resolution, data maintenance, market surveys and retention tracking. This is a hybrid position that will require attendance in office (approximately 3 days per week) at our Raleigh/North Hills headquarters.

KEY RESPONSIBILITIES

Incentive Management

  • Understand Field, Professional and Corporate bonus plan elements and guiding principles driving bonus exceptions
  • Investigate and address bonus disputes raised by team members in a timely manner with clear and concise communication
  • Collaborate with Payroll on off-cycle bonus payments
  • Oversee the accurate maintenance of team member data related to compensation
  • Ensure consistency between bonus plans and job profiles. Partner with HR Reporting & Analytics to make necessary adjustments in Workday

Consulting

  • Support Field, DC, and Corporate Consultants with job benchmarking exercises to ensure market competitiveness
  • Learn guiding principles for employee retention
  • Track and maintain team member retention metrics including base salary, bonus, and LTI
  • Run ad hoc reporting requests to support data analysis needs from Consultancy

QUALIFICATIONS

  • Bachelor’s degree in Human Resources, Finance or related field
  • Proficiency in data interpretation, reporting and advanced knowledge of Excel
  • Workday experience preferred
  • Basic knowledge of Compensation principles and bonus structures
  • Effective communication skills to collaborate effectively with Consultants and HRBPs
  • Detail-oriented with ability to maintain accuracy in data management

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

JOB REQUIREMENTS

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age national origin, religion, sexual orientation, gender identity, status as a veteran and basis of disability or any other federal, state or local protected class

California Residents click below for Privacy Notice:

http://www.worldpaccareers.com/uploads/2/4/0/4/24047148/advance_auto_parts_--_california_candidate_privacy_notice.pdf

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Salary.com Estimation for Compensation Analyst in Raleigh, NC
$79,000 to $97,821
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