POSITION SUMMARY
The Total Rewards Analyst is responsible for the design, administration, analysis, and communication of LSI's compensation programs. This role serves as the internal expert on compensation philosophy and total rewards strategy, ensuring programs are competitive, equitable, financially sustainable, and aligned with business performance and employee ownership objectives. The position partners closely with HR, Finance, Sales, Operations, and executive leadership to support salary administration, incentive plans, executive compensation, benefits strategy, and employee communications.
DUTIES AND RESPONSIBILITIES
Compensation Strategy & Administration- Administer and continuously improve company-wide compensation programs, including salary structures, annual merit planning, incentive plans, profit sharing, executive compensation, deferred compensation, and long-term incentive (LTI) programs.
- Maintain salary structures, job leveling, market pricing, and compensation governance processes.
- Conduct market benchmarking and compensation analysis to ensure external competitiveness and internal equity.
- Serve as the internal authority on compensation philosophy, pay practices, and total rewards strategy.
- Develop compensation recommendations and provide guidance to leaders and HR partners on pay decisions.
Sales & Incentive Compensation- Design, model, and administer sales compensation plans in partnership with sales leadership.
- Develop forecasting models, performance scenarios, and payout calculations to support business objectives and ensure plan effectiveness.
- Evaluate plan performance and recommend enhancements based on business results and market practices.
Long-Term Incentive, Profit Sharing & Executive Compensation- Administer the company's long-term incentive and profit-sharing programs, including modeling, participant communications, tracking, and payout calculations.
- Conduct executive compensation analyses and benchmarking studies.
- Prepare compensation materials, reports, and recommendations for executive leadership and Board review.
Annual Compensation Planning- Lead the annual salary review process, including budget development, planning, manager guidance, HRIS administration, and reporting.
- Monitor adherence to compensation guidelines and provide analysis and recommendations throughout the review cycle.
- Deliver compensation education and training to leaders and employees.
Benefits Strategy & Analytics- Analyze benefits utilization, market trends, workforce needs, and plan performance to support strategic benefit plan design.
- Partner with human resources to develop and implement total rewards initiatives that enhance employee well-being, engagement, and retention.
- Provide data-driven recommendations on benefit plan enhancements and cost-management strategies.
- Manage Vendor Relationships and Benefits Programs: Serve as the strategic liaison with carriers, brokers, and benefit vendors; evaluate service levels, negotiate improvements, and ensure programs deliver value to employees and the organization.
Communication & Education- Develop and deliver clear, effective communications that help employees understand and maximize the value of their compensation and benefits programs.
- Create training materials and educational resources for managers, employees, and HR team members.
- Support transparency and understanding of the company's total rewards philosophy.
ATTRIBUTES
- Strong analytical, financial modeling, and data interpretation skills.
- Experience with compensation benchmarking, salary structures, incentive plan administration, and HRIS systems.
- Advanced proficiency in Excel and reporting tools.
- Strong business partnership, communication, and presentation skills.
- Ability to maintain strict confidentiality and exercise sound judgment.
QUALIFICATIONS
- Bachelor's degree in Human Resources, Business, Finance, Accounting, or related field preferred.
- 5+ years of progressive experience in compensation, benefits, or total rewards.
- Certified Compensation Professional (CCP®) preferred
SUCCESS MEASURES
- Compensation programs remain competitive, equitable, and aligned with business objectives.
- Annual compensation and incentive planning processes are executed accurately and efficiently.
- Leaders and employees understand and value LSI's total rewards programs.
- Data-driven recommendations support organizational growth, retention, and employee-owner engagement.
The starting target salary range is $90,000 - $115,000, depending upon qualifications and experience. The posted pay range reflects the expected compensation for a fully qualified candidate. Starting pay may be above or below this range based on job-related factors such as skills, experience, qualifications, and training needs.
In addition to base salary, the compensation package also includes eligibility for a profit-sharing opportunity. Additionally, for eligible full-time employees, we offer a competitive benefits package including medical, dental, vision, life, and disability benefits; vacation and paid holidays; 401(k) retirement plan and employee stock ownership plan.