Sr. Compensation Analyst

Under the direction of the Director – Compensation or Manager - Compensation responsible for analyzing, maintaining and processing compensation program elements in support of company initiatives and organizational needs. The analyst is accountable for competitive analysis, program scenario modeling, monitoring of business unit compensation, program administration and support of properly communicated compensation programs.

Compensation Administration

• Support bonus plan calculations and communication efforts.
• Support the administration of annual pay programs, including project managing year-end merit process.
• Partner with internal stakeholders to ensure data accuracy, system readiness and communication efforts.
• Consults with business partners on basic to moderately complex compensation issues using knowledge of compensation, human resources, and internal policies.
• Responsible for the maintenance of compensation and compensation-related data in the Workday system and other internal systems of record, including job profiles, salary structures, incentive plans, reporting and validation.

Perform Research and Analysis

• Conduct job analysis, evaluation, salary administration and FLSA assessments to determine appropriate salary grades, ranges, and pricing based on internal and external equity.
• Participates in the annual salary structure review process to ensure salary structures remain competitive and aligned to market.
• Complete survey submissions for annual and ad hoc salary surveys and utilizes results for salary planning, salary structures and job evaluations.

Conduct special compensation studies and projects as required

• Conduct analysis, research and development of modifications to Compensation programs as needed to support organizational needs.

Minimum Education

• BS, BA degree in business or a related degree or equivalent work experience required

Minimum Special Certifications or Technical Skills

• Advanced Excel Skills (Pivot Tables, Lookups, Complex Formulas)
• Workday experience (HCM, Core Compensation and Advance Compensation Modules)

Minimum Type of Experience the Job Requires

• 4-5 years compensation analysis experience and understanding of compensation philosophies.
• 4-5 years’ experience in HR, with working knowledge of a wide range of HR practices
• 2-3 years’ experience in equity plan administration, project and process management, preferably within a shared services environment

Other

• Strong organization and communication skills
• Ability to plan and manage independent project work.
• A high degree of accuracy, confidentiality and timeliness is required for the completion of assigned projects.
• Ideal candidate is an analytical-minded self-starter who is eager to dive right in and make an immediate impact on the Global Total Rewards and Compensation team.
• Demonstrated experience with year-end Rewards processes and executing on annual merit, bonus, and other planning cycles.

Preferred Special Certifications or Technical Skills

• Alteryx

Preferred Type of Experience the Job Requires

• Experience building financial models for cost benefit analysis of compensation

At The Michaels Companies Inc, our purpose is to fuel the joy of creativity . As the leading creative destination in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca . The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and MakerPlace by Michaels , a dedicated handmade goods marketplace. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com

At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit mikbenefits.com.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and / or to receive all other benefits and privileges of employment, please contact Customer Care at (1800-MICHAEL).

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.