Compensation Analyst

Company- General Mills

Payroll Company- General Mills

KEY ACCOUNTABILITIES

• Compensation Consultant Support:

   Provide day-to-day support to assigned compensation consultants, gathering data and creating outputs for regular routines (HR Business Partner update meetings, etc.) and annual processes (Annual Performance & Rewards (APR), Annual and Ad Hoc Competitive Reviews, People & Organization Review, etc.). Support or lead special projects as needed, contributing to business-led compensation initiatives and maintaining job architecture.

• Job Evaluations:

   Conduct job evaluations using established methodologies to determine the relative worth of different jobs within the organization. Manage the intake of job evaluation requests (via ServiceNow tickets) and ensure case closure and accurate system updates (MarketPay, etc.) following the evaluation process.

• Market Analysis:

   Conduct market analysis to ensure the company's compensation remains competitive. This includes identifying appropriate survey sources, collecting and analyzing data, and preparing reports summarizing findings.

• Data Analysis and Reporting:

   Analyze compensation data to identify trends, anomalies, and areas for improvement. Prepare regular reports and presentations summarizing compensation data and providing recommendations.

• Compensation Modeling:

   Develop and maintain compensation models to forecast compensation costs and analyze the impact of various compensation strategies.

• Compliance:

   Ensure compliance with all applicable federal, state, and local laws and regulations related to compensation.

• Project Management:

   Manage various compensation-related projects, such as implementing new compensation programs or updating existing ones.

Key Partners:

• Global Compensation Consultants
• International Total Rewards Consultant

Key Objectives:

• Provide comprehensive data analysis and draft final product decks/analysis to free up consultant capacity for strategic planning and business consultation.
• Ensure clear and consistent compensation analysis that supports business and talent strategies.
• Provide analysis for job evaluations and present findings to the compensation consultant for finalization.
• Ensure systems accurately reflect job evaluation outcomes (job profiles, MarketPay matching).
• Maintain clear job evaluation tracking and meet job evaluation Service Level Agreements (SLAs).

QUALIFICATIONS

• Bachelor's degree in Human Resources, Business Administration, or a related field.
• 5-7 years of experience in compensation or a related field (experience with job evaluations preferred).
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel and other data analysis tools.
• Experience with compensation systems (MarketPay experience preferred).
• Excellent organizational and time management skills.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills.