Senior Compensation Analyst

SENIOR COMPENSATION ANALYST

The Senior Compensation Analyst is a key resource for designing and implementing all aspects of FormFactor’s global compensation programs. This is a critical position that provides partnership and support to the Director of Compensation, Benefits and HRIS and the human resources team. This position also provides professional expertise to company leaders and managers in order to design programs that meet business and corporate objectives. The compensation analyst will conduct analysis of current practice, best practice and alternative solutions, design and implement programs and processes as well as administer the programs, policies and practices such as base pay, incentive, and equity programs. The compensation analyst is a hands-on role that encompasses tactical execution of day-to-day work, as well as oversees companywide projects within Human Resources and cross-functionally.

KEY DUTIES AND RESPONSIBILITIES

• Provide recommendations for compensation strategy, incentive plans, and programs.
• Design, implement and communicate global compensation and salary administration programs.
• Partner with sales, finance and other departments to lead the development of incentive compensation plan designs and assure model validation and alignment with goals, develop the communication plans and tools to measure attainment against plan.
• Conduct job analysis and evaluation of all levels positions (including appropriate title, salary grade, pay and incentive level, job code, EEO and FLSA classification, etc.); audit evaluation of positions and application of existing positions.
• Conduct the calculation, preparation, approval, communication and payment of company bonus and incentive plans.
• Understand, analyze and present data around compensation best practices and trends.
• Recommend and conduct salary surveys in order to understand competitive compensation levels in the organization and market.
• Assure through audits, analysis and reports, that all compensation programs are consistently administered in compliance with company policies and government regulations and maximize workforce productivity and efficiency.
• Review requests for new or revised jobs or classifications to determine appropriate salary grade assignment.
• Provide ongoing workforce analysis and assist with developing and maintaining a variety of HR reporting metrics as needed.
• Stays informed of legislative activities and regulatory changes and evaluates impact to compensation programs especially as it relates to global stock compensation programs including the employee stock purchase plan.
• Assists in the creation of communication materials and presentations to support analysis, and implementation of programs. Prepares and maintains documentation as well as regularly updates and distributes documents to HR team as appropriate.*

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EDUCATION, EXPERIENCE , AND SKILLS REQUIRED

• The requirements listed below are representative of the knowledge, skill, and/or ability required.
• Bachelor’s Degree in Human Resources, Finance or other relevant field
• Minimum of 5 years of experience in compensation, including compensation plan design and communication
• Certified Compensation Professional (CCP) strongly preferred
• Must have a can-do attitude, the ability to prioritize workload and perform multiple tasks under accelerated deadlines
• Detail oriented and self-starter and able to work well and communicate effectively in a team environment
• Experience working with Microsoft Office Suite, including Outlook, Word, PowerPoint, and advanced Excel skills
• Ability to manage ambiguity and changing priorities in a fast-paced environment
• Experience maintaining and enhancing a human resources information system (HRIS), running and creating reports in an HRIS like Oracle, PeopleSoft, or SAP strongly preferred
• Excellent written and oral communication skills

Job Type: Full-time

Salary: $75,000.00 to $95,000.00 /year

Experience:

• compensation program design: 2 years (Required)
• internal equity analysis: 5 years (Required)
• Excel: 3 years (Required)
• Compensation: 5 years (Required)
• Oracle: 1 year (Required)
• global stock compensation: 2 years (Required)
• salary survey: 2 years (Required)

Education:

• Bachelor’s (Required)

Job Location:

• Beaverton, OR (Required)

License or certification:

• CPP (Required)