Lead Compensation Analyst

United States of America
Massachusetts
Worcester
Fasteners
Fasteners Division
Human Resources
Remote
Full Time

  


PCC Fasteners

6207

Precision Castparts Corp. (PCC) is actively seeking an experienced Compensation Analyst to serve as a Lead for our Compensation Team.

Summary:

The Lead Compensation Analyst will provide internal customers, primarily HR site and regional leaders, with compensation solutions to ensure market competitiveness and alignment with business objectives.  Key responsibilities of the position include planning, design, implementation, regulatory compliance, communication, evaluation and administration of salary plans, incentive plans, and reward programs.

Primary Duties & Responsibilities:

  • Design and implement compensation structures that are robust, appropriate and tailored to the needs of the business.  Routinely assess the market appropriateness of the pay scales in concert with the business needs and strategic goals.
  • Compensation structure administration: annual survey data submission, analysis of survey results, and maintenance of internal compensation structure. 
  • Uses knowledge of business strategies and competitive compensation practices to develop solutions, detailed implementation plans, and financial impact to respective stakeholders.
  • Oversee, enhance and manage the administration of company incentive programs including the corporate long-term incentive program, annual executive level bonus program and the Quarterly Cash Bonus Program.
  • Manages the annual merit review process for the assigned client group
  • Ensure ongoing FLSA compliance and conduct audits periodically to assess compliance; thoroughly document findings and recommend appropriate solutions for compliance
  • Analyzes job descriptions, formulates recommendations regarding FLSA exemptions, market data comparisons and organizational structures. Supports site compliance audits.
  • Develop communications tools to actively promote the effective comprehension and utilization of incentive programs.  Model overall program payouts and various planning scenarios. Administer and update plan documents and communication annually.
  • Partner with HR leaders to ensure development and design of compensation tools for manager self-service, bonus and incentive planning / tracking, and annual merit planning. 

Required Skills:

  • Ability to interface, collaborate, and proactively communicate effectively with clients including internal HR business partners, business leaders, and external vendors.
  • Detail oriented with keen sense of accuracy particularly in time-sensitive situations
  • Problem Solving Skills: Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.
  • Analytical: Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; designs work flows and procedures.
  • Excellent written and verbal communication skills with the ability to adapt to shifting priorities, customer concerns, and management objectives.
  • Strong presentation skills with the ability to communicate proposed initiatives to senior leadership
  • Project management skills: Develops project plans; coordinates projects; communicates changes and progress; completes projects on time and budget; manages project team activities.
  • Experience with market pricing methodologies, variable compensation plans, and FLSA compliance.

Basic Qualifications:

  • 5+ years of experience as a compensation business partner, to include developing and maintaining salary structures, annual merit process administration, and data analytics
  • Bachelor's Degree in Finance, Accounting, Mathematics, Business or related discipline
  • System experience:
    • Excel (advanced lookups and pivot tables)
    • PowerPoint and Access (intermediate experience)
    • HRIS systems (e.g. Workday, Oracle, Peoplesoft, SAP SuccessFactors)

Preferred Qualifications:

  • Knowledge of executive compensation including annual, long-term incentives and equity programs 

Travel Requirements:

  • Approximately 5%

PCC is proud to be an Equal Opportunity Employer and a Drug Free Workplace. Veterans, minorities, and individuals with disabilities are encouraged to apply.  

With more than 120 operations and approximately 20,000 employees worldwide, Precision Castparts Corp. is the market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. In addition, we are the leading producer of airfoil castings for the industrial gas turbine market. We also manufacture extruded seamless pipe, fittings, and forgings for power generation and oil & gas applications; commercial and military airframe aerostructures; and metal alloys and other materials for the casting and forging industries. With such critical applications, we insist on quality and dependability – not just in the materials and products we make, but in the people we recruit.

PCC is relentless in its dedication to being a high-quality, low-cost and on-time producer; delivering the highest value to its customers while continually pursuing strategic, profitable growth.

In 2016, Berkshire Hathaway, led by Chairman and CEO Warren E. Buffett, acquired Precision Castparts Corp.