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Compensation Analyst
Compensation AnalystPolaris • Hamel, MN, US
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Compensation Analyst

Compensation Analyst

Polaris • Hamel, MN, US
30+ days ago
Job type
  • Full-time
Job description

Compensation Analyst

At Polaris Inc., we have fun doing what we love by driving change and innovation. We empower employees to take on challenging assignments and roles with an elevated level of responsibility in our agile working environment. Our people make us who we are, and we create incredible products and experiences that empower us to THINK OUTSIDE.

The Compensation Analyst plays a key role in carrying out the strategy and vision of Polaris' compensation philosophy and supporting our evolving business needs. Responsibilities include analysis, consultation, and administration of broad-based compensation programs for US and international locations. The position supports annual compensation processes including compensation planning and market pricing, in addition to special projects throughout the year.

This role provides support and analytics on total compensation packages that help Polaris attract, retain, motivate and reward the talent needed to carry out its strategic agenda. By working closely with the business, staying apprised of new and evolving total rewards and compensation market trends, the Compensation Analyst supports the compensation function for Polaris to remain competitive and compliant in all pay practices.

Compensation Duties / Responsibilities :

  • Establish relationships within HR & the business and leverage resources to analyze and implement practical compensation solutions aligned to the strategic priorities of the business, as well as provide consultation on industry best practices.
  • Monitor trends in the competitive market and ensure both design and pay level opportunities allow the attraction and retention of high performers / key talent.
  • Provide advice and support to HR Business Partners on questions of policy and interpretation of plans.
  • Maintain strong pulse check on client groups' needs, anticipate issues and provide suggestions proactively.

Support Annual Compensation Processes :

  • Support the execution of annual compensation planning (merit, bonus and equity) and market pricing processes.
  • Contribute to compensation dashboard development, automation and process improvements to provide accurate information to stakeholders in a timely and efficient manner.
  • Lead the deployment of communications and training.
  • Collaborate with the HRIS team on systems, requirements, tools and reports.
  • Owns & drives global recognition program.
  • Special Projects as assigned :

  • Global, cross-functional, rewards and HR related projects that are broad in scope and may require learning-on-the-fly.
  • Minimum Education Required :

  • B.A. / B.S. in Human Resources, Finance, Business, Economics, Mathematics, Accounting, etc.
  • Certificate from WorldatWork in Certified Compensation Professional, Executive Compensation, Benefits, Compensation a plus.
  • Minimum Work Experience Required :

  • 2-4 years of progressive compensation experience in rapidly changing environments.
  • Working knowledge of compensation principles, benchmarking, and analysis.
  • Specialized Knowledge / Skills / Abilities Required :

  • Excellent problem solving and analytical skills and preparation of executive-ready presentation materials.
  • Detail-oriented and accountable project management approach.
  • Outstanding interpersonal skills and the ability to build solid relationships.
  • Ability to understand issues with empathy and communicate solutions with clarity.
  • Continuous improvement mindset with a track record in process enhancement.
  • Highly organized, takes initiative and able to work both independently and collaboratively.
  • Ability to see the big picture and ensure close attention to detail and relentless focus on accuracy.
  • Acting with a sense of urgency and timeliness; passionate about setting high quality standards.
  • Advanced proficiency of Excel, Power Point, Word required.
  • Experience working with Human Resources Management Systems; Workday a plus.
  • PowerBI programming a plus.
  • The starting pay range for Minnesota is $74,050 to $90,000 per year. Individual salaries and positioning within the range are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills, and geography. While individual pay could fall anywhere in the range based on these factors, it is not common to start at the high end or top of the range.

    To qualify for this position, former employees must be eligible for rehire, and current employees must be in good standing.

    We are an ambitious, resourceful, and driven workforce, which empowers us to THINK OUTSIDE. Apply today!

    At Polaris we put our employees first, by offering a holistic approach to their health and financial wellbeing. Polaris is proud to offer competitive compensation, including a market-leading profit-sharing plan that is fundamental to our pay-for-performance culture. At Polaris, employees are owners of the company through company contributions to our Employee Stock Ownership Plan and discounted employee stock purchases plan. Employees receive a generous matching contribution to 401(k), financial wellness education and consultation to plan for their financial future. In addition to competitive pay, Polaris provides a comprehensive suite of benefits, including health, dental, and vision insurance, wellness programs, paid time off, gym & personal training reimbursement, life insurance and disability offerings. Through the Polaris Foundation and our Polaris Gives paid volunteer time off, we support employees who actively volunteer their time, efforts, and passions to improve the health and wellbeing of the communities in which they live, play and work. Employees at Polaris drive our success and are rewarded for their commitment.

    About Polaris

    As the global leader in powersports, Polaris Inc. (NYSE : PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris' high-quality product line-up includes the Polaris RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe.

    EEO Statement

    Polaris Inc. is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law. Applicants with a disability that are in need of an accommodation to complete the application process, or otherwise need assistance or an accommodation in the recruiting process, should contact Human Resources at 800-765-2747 or Talent.Acquisition@Polaris.com. To read more about employment discrimination protection under U.S. federal law, see : Know Your Rights : Workplace Discrimination is Illegal (eeoc.gov).

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