Can conduct design workshops for determining how to utilize SF Compensation Management in the following areas:
- Defining, Managing Compensation Plan Templates
- Ability to add planning instructions to worksheets
- Ability to assign rating sources to plan templates
- Ability to define and edit guideline matrices
- Ability to create budget calculations for salary, bonus, stock, option or variable pay
- Define detailed worksheet settings o
- Define compensation planners and creating route maps for workflow approval
- Assign route maps to compensation plan templates
- Ability to add eligibility rules
- Configure the relevant settings for date-based pro-ration or importing of pro-rations
- Ability to setup email notifications
- Ability to adapt the display of various features as required
- Ability to setup import tables as needed to satisfy business requirements in the areas of:
- Currency conversion tables
- Salary pay matrices
- Lookup tables for mapping data to employee based attributes
- Migrating job code and pay grade mapping tables
- Creating stock value & factor tables
- Creating stock participation guideline tables as needed
- Ability to setup Job Selector
- Ability to setup budget groups and importing employees to groups and assign them in group assignments in Compensation planning
- Ability to create test user file and import test users
- Ability to setup role based permissions
- Create test compensation worksheets
- Be familiar with enabling compensation reports
- Ability to create and manage compensation statement templates
- Update system for completion of the Compensation cycle.
I have 3 years of experience analyzing compensation data, including conducting market research and benchmarking.
As compensation analysts, we assess the salary and remuneration plan by examining the employee experience and responsibilities. We decide on the remuneration package for the employees by giving prime importance to the financial position of the company. We even design the benefit plans for the newly hired employees and keep an eye on the benefits plans of the other employees. Our job role also requires us to advise the management regarding the employees the company affords to hire.
Core tasks: