Compensation Analyst

JOB DESCRIPTION:

This position is responsible for the implementation and administration of Compensation processes including salary administration, bonus
plan administration or Long-Term Incentive Plan administration

KEY RESPONSIBILITIES:

Salary Administration

Evaluate salaried, hourly and professional positions and make compensation recommendations to the business

Prepare and review job descriptions based on analysis of position responsibilities Evaluate jobs using established evaluation systems, determine grades and prepare records of the validity of the evaluation

Review changes in wages and salaries for conformance to Company policy

Audit evaluation of positions and application of existing classifications to individuals

Participate in compensation surveys

Assist in updating the salary structure

Audit data in Workday, iSchein and MarketPay as needed

Approve some compensation recommendations and changes in Workday

Bonus Plan Administration

Own and drive the International Executive Performance Incentive Plan process including data collection, populating award templates and ensuring awards are correct and accurate

Work with business and finance teams to assign correct budgets to PIP participants

Audit data in Workday, iSchein and MarketPay as needed

Assist in administering the U.S. annual bonus programs to collect and update data and to calculate awards

Assist in reviewing bonus plans for conformance to policy

Long-Term Incentive Plan (LTIP) Administration

Assist in the preparation of exhibits for the Compensation Committee of the Board of Directors

Assist with annual and off-cycle restricted stock and restricted stock unit vesting’s

Assist with processing bank wires to transfer tax proceeds to local entities ○ Conduct LTIP audits and prepare grant loads for review

Conduct SOX testing

Assist with reporting and ad-hoc LTIP requests

SPECIFIC KNOWLEDGE & SKILLS:

Proficient Microsoft Excel skills

Proficient in Workday and associated processes

Proficient in iSchein and associated processes

Proficient in internal audit BWise system and associated processes

Proficient in stock plan administration system and associated processes Intermediate knowledge of MarketPay and associated processes

GENERAL SKILLS & COMPETENCIES:

Professional skills with an understanding of industry practices and company policies and procedures

General proficiency with tools, systems, and procedures

Good planning/ organizational skills and techniques

Good analysis and problem solving skills

Good writing and communication skills

Excellent conflict resolution skills

Self -starter in creating issue resolution

Excellent decision making skills

Excellent Interpersonal skills

Exercise judgment within defined procedures and practices to determine appropriate action.

Direction from manager/director is needed on some complex issues Professional maturity in delivering difficult messages in a professional and empathetic manner

Proficient in employment law / compensation regulatory requirements • Developing professional credibility

WORK EXPERIENCE:

Typically 5 or more years of increasing responsibility in terms of any applicable professional experience.

PREFERRED EDUCATION:

Bachelor's Degree or global equivalent in related discipline. Participate in local HR organizations. 

Proactively keep up with regulatory changes.

TRAVEL/ PHYSICAL DEMANDS:

Travel no more than 10% of the time

Office environment. No special physical demands required

To the extent this job is performed in NYC, the salary range for the position of Compensation Analyst is $61,085 to 106,898. Many factors go into determining employee pay within the range including prior experience, current skills, location/labor market, internal equity, etc.

Henry Schein, Inc. is an Equal Employment Opportunity Employer and does not discriminate against applicants or employees on the basis of race, color, religion, creed, national origin, ancestry, disability that can be reasonably accommodated without undue hardship, sex, sexual orientation, gender identity, age, citizenship, marital or veteran status, or any other legally protected status. 

For more information about career opportunities at Henry Schein, please visit our website at: www.henryschein.com/careers