Sr. Compensation & Benefits Analyst

The Hanover Insurance Group
Maine, ME Full Time
POSTED ON 12/19/2022 CLOSED ON 2/16/2023

What are the responsibilities and job description for the Sr. Compensation & Benefits Analyst position at The Hanover Insurance Group?

The Hanover is looking for a Sr. Compensation & Benefits Analyst to partner and collaborate with members of our Human Resources organization and focus on compensation & benefits.  This is a hybrid role that provides an office/home flexible work arrangement.  Ideal candidates will be based on the East Coast near a Hanover office.  We will consider a 100% remote arrangement for East Coast based candidates that are not located near a Hanover office.   The Hanover is a diverse and inclusive organization focused on hiring the best talent and we encourage all qualified professionals to apply.  We believe that an inclusive, diverse, and equitable workplace make us a better organization and creates a stronger community.  We also understand that life and the workplace have changed, and we support flexible work arrangements to allow you to balance work and home.    All qualified prospects are encouraged to apply.   Position Overview/Summary: The Sr. Compensation and Benefits Analyst will perform a wide range of analytical, problem solving, and support activities in the compensation and benefits area. The role will be responsible for analyzing trends and information to identify key findings and suggest possible root causes to problems or areas of opportunity.  The role utilizes advanced problem-solving skills along with skills in MS Office (such as Excel, Word, Power Point and PowerBI) to review, prepare and/or present information. This is a full-time, exempt role.   In this role, you will:                                 Conduct job evaluations utilizing external market data and internal factors to make appropriate salary grade assignment and competitive pay decisions Complete market analysis to ensure competitive pay positioning Participate in salary surveys and synthesize results identifying key observations and market insights to be presented to management Support administration and communication of compensation and benefit programs including the annual and off cycle compensation processes and open enrollment Analyze and interpret data showcasing areas of opportunity Work with business partners in HR to support day-to-day compensation and benefit related questions Conduct and compile information on competitive compensation and benefits programs and practices Maintain updates in Hanover’s compensation management systems and train internal users on the tool Gather information required for pay equity analysis efforts Maintain documentation on job evaluations and market analysis work Seek input from key stakeholders on compensation programs and practices Conduct research and analysis for compensation and benefits related projects Partner with the HR Technology team to design and deliver compensation and benefits tools and technologies Provide innovative solutions aimed at creating greater efficiencies and improved outcomes Participate in and/or provide project coordination & management on key compensation and benefits projects & initiatives Develop and analyze key measures of compensation & benefits program effectiveness Analyze impact of regulatory or compliance changes to existing programs  What you need to apply: Bachelor’s Degree preferred 4 years of compensation related experience Background in total reward and/or benefits a plus. Strong analytical skills, attention to detail, and demonstrated ability to maintain a high degree of accuracy Ability to capture, assess and articulate data findings Ability to recommend, document and implement process improvements Ability to collaborate with others, manage moderately complex projects and deliver high quality analysis Ability to manage multiple projects at once Experience with Payfactors a plus Proficient with Microsoft Office Suite with advanced knowledge of Excel

Salary : $0

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