Job Description
Job Purpose
The Compensation Analyst is responsible for supporting business leaders with their compensation requirements, including salary and bonus administration, detailed compensation analyses, and job evaluations. In addition, this position is responsible for project management as it relates to projects that are outside of the annual programs. The Compensation Analyst analyzes compensation trends in the external market and ensures that Dana jobs are appropriately aligned for internal equity and external competitiveness.
Job Duties and Responsibilities
Responsibilities
Develops, implements, analyzes, and administers compensation such as off-cycle salary evaluations, variable pay or short-term incentives (annual incentive plans, sign on bonuses, retention bonuses, etc.), and annual salary increases
Design and drive annual employee compensation planning activities integrated with performance management processes, including salary increase review cycle, promotions, and equity/market adjustments
Assists with executive compensation programs including LTI equity (RSU, PSU, NQSO, etc.), deferred compensation, legacy company payments, special payments, and related administration/reporting
Collaborate with and transfer practical compensation knowledge to HR Business Partners to drive, align, and continue implementation of Dana's global grading guidelines
Partner with HR colleagues and HRIS to ensure data integrity
Provides recommendations on pay decisions, policy interpretations, and job evaluations
Interprets internal or external compensation issues and recommends solutions
Develop and document compensation policies and procedures ensuring compensation programs are consistently administered in compliance with internal policies and applicable local laws and statutory requirements
Solves complex problems; takes a broad perspective to identify solutions
May coordinate functional teams or projects
Other duties within the compensation scope
Requirements
Bachelor's degree in human resources, business, finance, or related field required
4+ years' experience in compensation, financial analysis, or HR administration in the manufacturing / automotive industry preferred
Experience with SAP SuccessFactors a plus
Strong detail-orientation skills to ensure adherence to controls and accuracy in deliverables
Strong written and verbal communication skills, with the ability to communicate effectively to various stakeholders
Must be an excellent problem solver and independent thinker who can create innovative solutions, with some guidance, and views challenges broadly
Demonstrated critical thinking and decision-making skills
Manages ambiguity, adapts to shifting priorities, and balances workload with competing priorities
Advanced skills in Microsoft Excel and PowerPoint
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
