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Korn Ferry · 3 weeks ago

Benefits and Compensation Lead Analyst

Milwaukee, WI

Full-time

Onsite

Senior Level

$90K/yr - $120K/yr

5+ years exp

Korn Ferry is a global developer and manufacturer of innovative ingredients. The Compensation & Benefits Lead Analyst will support the design, analysis, and administration of compensation and benefits programs for North America employees, ensuring competitive practices aligned with the company's business strategy.

Management Consulting

Responsibilities

Engage with vendor and HRBP’s on leaves of absences (FML, STD), including guiding team members and leaders through the leave process, presenting them with information relating to leave eligibility, application process, documentation requirements, return to work, etc

Partner with benefits vendors and brokers to administer medical, dental, vision, life insurance, 401(k), and wellness programs

Provide support to employees, managers, HR partners, process and/or troubleshoot program eligibility, enrollment, and other issues that arise

Lead annual open enrollment including communications, testing, and data validation

Design and facilitate bi-weekly, new hire benefits presentation

Analyze utilization and cost data to identify trends and recommend plan design improvements

Conduct market pricing and benchmarking analysis using survey data (e.g., Mercer, etc.) to maintain competitive pay structures

Maintain and update salary structures, job leveling framework, and pay bands

Partner with HRBPs and Talent Acquisition to market match roles, assess internal equity, and make recommendations

Support annual merit, bonus, and incentive processes through data preparation, validation, and system uploads

Conduct FLSA classifications, internal job evaluations, and audit reviews for compliance

Participate in Compensation and Benefit surveys, analyze survey data and monitor trends and best practices to benchmark and enhance company benefits

Develop program communications i.e. create employee-facing content, presentations, and training to improve program understanding

Create communications and training for annual enrollment, merit and bonus cycles, etc

Support implementation of new systems, tools, or processes in the Total Rewards function

Evaluate and revise internal processes to increase efficiency; document and maintain administrative procedures

Provide insights and storytelling from data to guide strategic decisions

Manage and maintain compliance related to compensation and benefits administration: SPDs, 5500s, ACA, FLSA, ERISA, HIPAA, etc

Responsible for managing compensation platforms and data integrity

Support internal audits, compliance reviews, and ensure proper data feeds to carriers

Other duties as assigned

Qualification

Compensation analysisBenefits administrationData analysisMarket benchmarkingHRIS systemsExcel proficiencyCertified Compensation ProfessionalCertified Benefits ProfessionalHR Analytics certificationCertified Employee Benefit Specialist

Required

Bachelor's degree in Human Resources, Finance, Business Administration, or related field required

5 years of progressive experience in compensation, benefits, or total rewards, with demonstrated expertise in market benchmarking, data analysis, and program administration