Compensation Analyst

ThyssenKrupp Materials NA
life insurance, vision insurance, tuition reimbursement, 401(k), profit sharing
United States, Michigan, Southfield
22355 West Eleven Mile Road (Show on map)
Jan 02, 2025
Company With around 480 locations in over 40 countries, thyssenkrupp Materials Services is the biggest materials distributor and service provider in the western world. The broad service spectrum offered by the materials experts enables customers to focus on their individual core business. The area of Materials Services spans two strategic areas: global materials distribution as one-stop-shop - from steel and stainless steel, tubes and pipes, nonferrous metals and specialty materials to plastics and raw materials - and tailored services in the areas of materials management and supply chain management. An extensive omnichannel architecture offers 250,000 customers worldwide cross-channel, round-the-clock access to more than 150,000 products and services. A highly efficient logistics system ensures that all requested services are smoothly integrated into customer production processes "just-in-time" or "just-in-sequence". thyssenkrupp Materials NA is a subsidiary of the internationally operating thyssenkrupp Group. Headquartered in Southfield, Michigan, thyssenkrupp Materials NA is a leading provider of production materials and integrated service solutions with almost 2,900 employees and more than 95 locations in North America. With annual sales of $2.9 billion, the company is focused on value-added processing and distribution of a full line of aluminum, stainless, copper, brass, specialty metals, steel, and plastics products. Supply chain management, transportation and logistics, and production support outsourcing solutions are among the many services provided to customers. Business units include Copper and Brass Sales, Engineered Plastics, Ken-Mac Metals, OnlineMetals, thyssenkrupp Steel Services, thyssenkrupp Supply Chain Services, and thyssenkrupp Materials de Mexico. Your responsibilities Job Summary Manage the compensation process and function, philosophy, and framework for thyssenkrupp Materials NA. Job Description Key Accountabilities: Leads the development of tkMNA compensation philosophy and framework, partnering with the executive and HR teams Main point of contact in organization for compensation support, questions and guidance Acts as coach and advisor to drive compensation industry best practices Manage current Job catalog - write job descriptions and maintain database of all job descriptions Maintain salary ranges for tkMNA, performing benchmarking against external market surveys and internal parity, to determine appropriate job leveling Evaluate and price new jobs utilizing salary surveys; provide direction for creation of new jobs in SAP Org Management to HR Operations Continuously review compensation practices/processes and implement process improvements Participate in global and regional salary surveys as required Manage activity required for company LTI program - annual reporting of target compensation, reporting changes in personnel affecting stock rights, communication of stock issuance, annual processing of payments under program, quarterly reconciliation with Finance Design and prepare ad hoc compensation reports Manage annual merit and bonus processes Assist with administration of global graded bonus plans Calculate annual Profit Sharing bonus & 401K/RRSP contribution, per plan design, and coordinate payments with the payroll team Assist with internal/external audits for compliance in Wage and Hour, Minimum Wage, FLSA, Pay Equity and other applicable compensation topics Requirements: Minimum 3-5 years of previous related compensation experience, preferable in a compensation-specific role Related Bachelor's Degree (HR, Business, Data analytics, Mathematics etc.) Prior experience with job pricing, market benchmarking, creation or maintenance of compensation structures In depth knowledge of FLSA, Wage and Hour, Pay Equity and other compensation related laws Ability to be a self starter and prioritize tasks with minimal direction Solid Project and Change management experience Ability to handle highly sensitive data with confidentiality Preferred Experience with SuccessFactors Compensation Module, SAP, HCM user experience Benefits Overview We offer competitive company benefits to eligible positions, such as : Medical, Dental, Vision Insurance Life Insurance and Disability Voluntary Wellness Programs 401(k) and RRSP programs with Company Match Paid Vacation and Holidays Tuition Reimbursement And more! Benefits may vary based on job, country, union role, and/or company segment. Please work with your recruiter or tk representative for applicable benefits information. Disclaimer This is to notify the general public that some individuals/entities are using the thyssenkrupp ("TK") name, trademark, domain name, and logo without authorization. They are posing as employees, representatives, or agents of TK and its associated/group companies. These individuals/entities are fraudulently offering jobs online through texts, websites, telephone calls, emails, or by issuing fake offer letters. They are also soliciting jobseekers to deposit money in certain bank accounts or providing jobseekers with fraudulent checks to obtain banking information. TK does not ask, solicit, or accept any monies in any form from candidates, job applicants, or potential jobseekers, who have applied to or wish to apply to TK, whether online or otherwise as a pre-employment requirement. TK bears no responsibility for money being deposited/withdrawn therefrom in response to such fake offers. TK does not: 1.Send job offers from free email services like Gmail, Rediffmail, Yahoo mail, etc.; 2.Request payment of any kind from prospective jobseekers or candidates for employment; 3.Authorize anyone to collect money or agree to any monetary arrangement in return for a job at TK; 4.Send checks to job seekers; or 5.Make job offers through third parties. In the event TK uses professional recruitment services through a third party, offers are always made directly by TK and not by any third parties. PLEASE NOTE: 1.TK strongly recommends that potential jobseekers do not respond to such fake solicitations, in any manner; 2.TK will not be responsible to anyone acting on an employment offer that is not directly made by TK; 3.Anyone making an employment offer in return for money is not authorized by TK; and 4.TK reserves the right to take legal action, including criminal action, against such individuals/entities. TK follows a formal recruitment process through its own HR department and applications are evaluated by its HR department through pre-defined processes. Please visit our official careers website at https://jobs.thyssenkrupp.com/en to view authentic job openings at TK. If you receive any unauthorized, suspicious, or fraudulent offers or interview calls, please email us at tkmna.employee.care@thyssenkrupp-materials.com. We shall not accept any liability towards the representation made in any fraudulent communication or its consequences, and such fraudulent communication shall not be treated as any kind of offer or representation by TK or its group companies and affiliates. Your profile