Job SummaryReporting dually and equally to the Senior Manager, Compensation and Senior Manager, Benefits, the Compensation & Benefits Analyst will research, implement, communicate and administer Fresenius Kabi North America (NAM) compensation and benefit programs. Ensure programs are cost-effective while driving and supporting employee engagement and market competitiveness. Partner with HR professionals and business unit managers to understand the needs of the business and to ensure that plans, programs, and services are integrated and aligned with business objectives. Provide exemplary service to employees and internal partners at all levels of the organization.
*This position requires working on-site in Lake Zurich, IL 3+ days per week.
• Base salary range: $84,300-91,300.
• Final pay determinations will depend on various factors, including, but not limited to experience level, education, knowledge, skills, and abilities.
• Our benefits and programs are comprehensive and thoughtfully crafted to ensure our colleagues live healthy lives and have support when it matters most. Benefits offered include a 401(k) plan with company contributions, paid vacation, holiday and personal days, employee assistance program, and health benefits to include medical, prescription drug, dental and vision coverage.
Responsibilities- Conduct research and market analysis of compensation and benefit programs and services, completes annual and ad hoc market surveys with selected survey vendors; undertake necessary data gathering, input and submission by set deadlines
- Act as front-line responder to compensation, benefits, and leave of absence (LOA) questions or issues from employees and HR partners. Effectively handle issue resolution, working with HR partners and payroll, if applicable.
- Audit and maintain current and historical compensation, benefits, and LOA data in HRIS and within program files; ensure data integrity and accuracy between payroll records and vendors' systems
- Work closely with vendors in addressing and resolving issues.
- Perform other compensation, benefits, and LOA duties, tasks and projects, as assigned.
Compensation:
- Perform job analysis, evaluate positions and recommend grade assignment (including FLSA status), title, and base pay levels by conducting compensation benchmarking through external market trends review.
- Play a key role in administering the annual merit increase cycle and long-term (LTIP) incentive programs as well as quarterly and annual bonus programs, bonus cycles. Processes include, but are not limited to, database creation, maintenance and data updates of master files, preparation and distribution of compensation statements, follow-up with HR partners, managers and employees.
Benefits:
- Implement and communicate health education initiatives through presentations during new hire orientation, open enrollment or other educational venues.
- Audit and ensure accuracy of benefit enrollment, benefit changes, new hires or terminations from HRIS and vendor systems and resolve any issues or discrepancies; work with HR partners on benefit follow-ups. Plans may include: 401(k), health and welfare, and voluntary plans, such as legal and auto /home insurance.
- Prepare documentation for vendor payment or payment approval, and file accordingly. Audit invoices and enrollment against change files or other reports, vendor systems and payroll.
- Review report of benefit changes, new hires or terminations from HRIS or benefit vendors; work with HR Reps on benefit follow-ups; ensure accuracy of enrollments, benefit changes or cancellations within HRIS and vendor systems; audit files. May include, but is not limited to, 401(k), health and welfare plans, and voluntary plans, such as legal and auto and home insurance.
Job Requirements:
- Bachelor's Degree in Business Administration, Human Resources, or related field.
- 1+ years of benefits administration experience with 1 year of human resource experience.
- Intermediate to advanced skills in the following Microsoft applications: Word, Excel, and PowerPoint.
- Workday or other cloud-based HRIS experience is a plus.
- Working toward CCP Or CBP certification preferred, but not required.
- The Company's primary business language is English. The successful candidate must be able to effectively speak, read, write, and understand English to perform the essential functions of the position, including independently understanding policies, procedures, training materials, and workplace communications written in English due to our heavily regulated work environment.
Additional InformationWe offer an excellent salary and benefits package including medical, dental and vision coverage, as well as life insurance, disability, 401K with company contribution, and wellness program.
Please note that joining our team does not create a guaranteed or permanent employment arrangement. All employment is at-will, meaning both the employee and Fresenius Kabi have the right to end the employment relationship at any time, in accordance with applicable federal and state laws.
