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Compensation Analyst

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Shake Shack

15d ago

  • Job
    Full-time
    Junior & Mid Level
  • People, HR & Administration
    Accounting & Tax
  • Atlanta

AI generated summary

  • You should have solid Workday knowledge, HR principles, compensation law understanding, Excel proficiency, and experience in data analysis and reporting. A related degree is preferred.
  • You will analyze compensation data, evaluate job positions, manage pay changes, ensure compliance, maintain job descriptions, support bonus programs, and collaborate on compensation-related projects.

Requirements

  • Solid knowledge of Workday strongly preferred.
  • Understanding of human resources principles and best practices in compensation, including job analysis and evaluation.
  • Comprehensive knowledge of applicable federal, state, and local laws, regulations, and statutes related to compensation and employment.
  • Proficiency in survey and market pricing management, including participation in and analysis of compensation surveys.
  • Intermediate Excel skills, with proficiency in formulas such as XLOOKUP, SUMIF, COUNTIF, and INDEX/MATCH.
  • Proven skill in conducting compensation studies and preparing sound, actionable recommendations.
  • Demonstrated ability to maintain confidentiality and handle sensitive matters with discretion.
  • Skilled in building rapport with employees and managers during job reviews and related discussions.
  • Strong interpersonal skills to work with and support diverse populations, both internally and externally.
  • Worked in a role requiring data analysis, reporting, and preparation of recommendations for leadership review.
  • Demonstrated success in creating and maintaining tools, such as Excel spreadsheets and dashboards, for process optimization.
  • Bachelor's Degree
  • Degree in Human Resources, Business, or Related Field, CCP preferred

Responsibilities

  • Participates in salary surveys to obtain current data for job evaluations to ensure competitiveness in the marketplace; compiles, analyzes and evaluates survey data; maintains compensation survey sources.
  • Evaluates new and existing positions using established evaluation system and determines grade and level assignment.
  • Creates new job codes and titles for newly-created positions; maintains title, grade, and level integrity of all jobs.
  • Reviews and approves pay rate and jobs changes in Workday to ensure and validate consistency.
  • Maintain and update job descriptions to ensure alignment with organizational design and industry standards.
  • Support multiple bonus programs, including administration and compliance monitoring.
  • Analyze compensation data to ensure adherence to local, state, and federal regulations, including minimum wage compliance and tip regulations.
  • Assist in the administration of annual compensation processes, such as merit increases and bonus payouts.
  • Prepare and maintain reports and dashboards on compensation trends, analytics, and program effectiveness.
  • Ensure data accuracy and integrity within HRIS systems (e.g., Workday) and participate in audits as needed.
  • Collaborate with HR Technology, Real Estate, FP&A, and Payroll teams to address compensation-related issues.
  • Stay updated on restaurant compensation laws, industry best practices, and related regulations.
  • Prepare compensation statements and communications to support team members and leadership.
  • Maintain and refine compensation tools, such as spreadsheets and reporting mechanisms, to improve efficiency and accuracy.
  • Assist in creating training materials for Operations and Support Center teams.
  • Refine, maintain, and automate reporting tools used by Operations Leadership and Support Center People Team.
  • Support special compensation projects and initiatives on an ad hoc basis.

FAQs

Do we support remote work?

Yes, we support remote work in a hybrid format for this position based in Atlanta, Georgia or New York, NY.

What is the main responsibility of a Compensation Analyst at Shake Shack?

The main responsibility of a Compensation Analyst is to assist in the administration and analysis of compensation programs, ensuring they are competitive, compliant, and aligned with organizational goals.

What skills are required for this position?

Required skills include solid knowledge of Workday, understanding of human resources principles, proficiency in Excel, and the ability to conduct compensation studies and prepare actionable recommendations.

What type of education is necessary for the Compensation Analyst role?

A Bachelor's Degree in Human Resources, Business, or a related field is required, with a CCP (Certified Compensation Professional) preferred.

Are there any specific experience requirements for this job?

Yes, candidates should have experience in data analysis, reporting, and preparing recommendations for leadership review, as well as success in creating and maintaining tools for process optimization.

What benefits does Shake Shack offer to its employees?

Shake Shack offers benefits including medical, dental, and vision insurance, a 401(k) plan with company match, paid time off, flexible spending accounts, and an employee dining program, among others.

Is there room for career development in this role?

Yes, Shake Shack provides endless learning opportunities, hands-on mentorship, and career development resources for employees.

What type of work environment can employees expect?

Employees can expect a fun, inclusive work environment where they can share ideas, collaborate, and enjoy a positive culture.

How does Shake Shack ensure compliance with compensation-related laws?

The Compensation Analyst is responsible for analyzing compensation data to ensure adherence to local, state, and federal regulations, including minimum wage compliance and tip regulations.

Does Shake Shack have any specific initiatives for diversity and inclusion?

Yes, Shake Shack is committed to creating a diverse and inclusive workplace, and is an Equal Opportunity Employer, considering all qualified applicants without regard to any protected characteristic.

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Shake Shack

Love your crew + love what you do! Stand For Something Good.

Retail & Consumer Goods
Industry
5001-10,000
Employees
2004
Founded Year

Mission & Purpose

Shake Shack sprouted from a hot dog cart in Madison Square Park (NYC) to support the Madison Square Park Conservancy’s first art installation. The cart was quite the success, with Shack fans lined up daily for three summers. In 2004, a permanent kiosk opened in the park: Shake Shack was born. This modern day “roadside” burger stand serves up the most delicious burgers, hot dogs, frozen custard, shakes, beer, wine and more. An instant neighborhood fixture, we welcomed people from all over the city, country and world who gathered together to enjoy fresh, simple, high-quality versions of the classics. The rest, as they say, is burger history. And since day one, it would not have been possible without our stellar team! As a member of the #ShackFam, you can expect an exciting work atmosphere with a culture focused on family, fun and community.