Total Rewards Analyst
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- Jan 11, 2022 Post Date
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- 9 Total Views
Description:
Lockton Dunning is currently seeking a Total Rewards Analyst to play an integral role the creation, implementation and administration of our clients’ Total Reward Strategy. Experience in compensation and benefits is important and a passion for seeking new and innovative ways to enhance the overall employee experience is a must. The right candidate truly enjoys research, trending, benchmarking, and uses analytical rigor to interpret quantitative and qualitative information drawing conclusions used to create compelling recommendations on new, innovative concepts in total rewards.
- Review and summarize clients’ current total rewards packages, and model new/additional options for their benefit plans, compensation structure, and wellness initiatives.
- Create benchmarking reports utilizing internal data as well as market information within the total rewards space; including performance management compensation structures (base to variable pay mix), effectiveness of new wellness benefits, retirement options, etc.
- Conduct in-depth analysis of health care trends and strategies to address changes/challenges.
- Analyze vendor reports and work collaboratively to ensure health and wellness plan provisions are implemented, interpreted and administered correctly.
- Conduct FLSA reviews, ensure compliance for new positions, re-classifications, equity placements, pay practices, status determinations and incentive plan and create eligibility.
- Prepare and submit salary survey data to survey houses and utilize salary survey data to create reports outlining market competitiveness of pay structures and variable incentive programs.
- Stay up to date on federal regulation changes that could impact total rewards: FLSA, DOL, IRS, ERISA, HIPAA, FMLA.
- Monitor competitive trends and best practices, provide analysis and recommendations on program enhancements.
- Provide insight into new wellness initiatives, proving a variety of options/resources that encourage active engagement in overall wellness: safety, health, financial and mental well-being, etc.
- Analyze large data sets and present findings and recommendations in a compelling and meaningful manner.
- Utilize qualitive and quantitative data to assess and present the ROI of various program initiatives.
- Develop measurement tools to determine effectiveness of total rewards programs, monitor and provide analysis and insight to the trends.
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Qualifications:
Requirements:
- 4+ years progressive human resource experience demonstrating strong knowledge of total rewards (compensation, benefits, wellness)
- Demonstrated experience in producing complex reports using advanced skills in Excel – including multiple data sets, pivot tables and complex formulas.
- Familiarity with carrier administration systems (i.e. BCBS, UHC, CIGNA, Delta, Aetna) and ability to trace a disconnect between the BenAdmin system and the carrier
- Knowledge of compensation and benefit specific guidelines of DOL, IRS, ERISA, HIPAA and PPACA, FLSA, FMLA, etc.
- Strong collaborator with effective interpersonal and analytical skills to work seamlessly with internal and external teams.
- Ability to identify and solve problems through creativity, sound HR principles, analytical and problem-solving skills.
- Ability to manage multiple tasks/projects (planned and unplanned), meet deadlines and maintain quality of work.
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Lockton Companies, LLC is an equal opportunity employer. As a privately held company, we offer a competitive compensation and benefits package reflecting our commitment to attracting and retaining great individuals. This includes health and dental coverage, which begins on your first day of work, 401(k) with match and immediate vesting, a competitive vacation plan and unrivaled career advancement opportunities.
Lockton is known throughout the insurance industry as an entrepreneurial, progressive and successful insurance broker. As a result of continued individual and group accomplishments, Lockton has a record of steady and substantial growth. If you are a committed professional with a passion for delivering unparalleled service, Lockton is interested in hearing from you.
**NO AGENCIES PLEASE** Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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