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Michaels Stores · 2 weeks ago

Sr. Compensation Analyst

Irving, TX

Full-time

Hybrid

Mid, Senior Level

4+ years exp

Michaels Stores is the leading creative destination in North America, operating over 1,300 stores. The Sr. Compensation Analyst is responsible for analyzing and processing compensation program elements, conducting competitive analysis, and supporting the administration of compensation programs in alignment with organizational needs.

EducationMarketplaceRetail

Responsibilities

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

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

Qualification

Compensation analysisWorkday experienceAdvanced Excel skillsHR practices knowledgeEquity plan administrationAnalytical mindsetFinancial modelingOrganization skillsCommunication skillsProject managementConfidentiality