Comp and Benefits Analyst

The purpose of this position is to provide analytical and operational support to the benefits and compensation function. The incumbent will have the ability to perform mathematical calculations in computing rates, premiums and adjustments ensuring that benefit and compensation program is competitive and equitable so that the company attracts and retains talent. The Analyst will specialize in benefit and compensation laws as well has a deep understanding of the labor market competitiveness. Will also develop, maintains and administers the company’s salary administration process and various compensation programs including variable compensation. The analyst partners with management to ensure job descriptions are current, relevant and accurate. This position is also responsible for assuring thorough audits, reports and personal contact that company compensation programs are consistently administered in compliance with company policies and government regulations.

The associate is responsible for the functions below, in addition to other duties as assigned:

1. Collaborates with leadership and human resources on a variety of projects, including incentive program design, analysis, budgeting, and implementation of new programs, equity elections, benefits analysis, and workforce planning.
2. Administers incentive plans accurately reporting all monthly, quarterly, and yearly financial incentives for multiple plans with Accounting, including quarterly focal reviews for each incentive cycle.
3. Monitors eligibility, limitations, and restrictions of plan participation and ensures compliance with both plan provisions and government requirements specializing in PA, MD, WV, VA, DE, NY, NJ state laws.
4. Monitor sales activity for compliance with established incentive plan guidelines and assist in preparing Store Manager, Assistant Manager and Department Managers quarterly incentives with Accounting.
5. Complete annual benchmarking researching industry and employment trends, tracking legislation to provide recommendations for necessary revisions to Weis Markets total reward programs.
6. Maintains position documentation, spreadsheets and DC progressions tables related to job title.
7. Keeps apprised of federal, state and local benefit and compensation laws and regulations in order to ensure company compliance; assists in labor strategies.
8. Coordinates the design and communication of annual benefit enrollment materials and Total Reward Statements. Drafts and coordinates internal benefits communications and educational newsletters.
9. Prepares statistical analysis, data modeling and costing of base and variable compensation to ensure the total expense of compensation aligns with corporate costing structure.
10. Conducts and participates in appropriate salary surveys, interpreting data and performing analysis.
11. Administers benefits analysis on the cost impact to the company and associates.
12. Develops, maintains and produces monthly, quarterly or annual reports, as required and provides insights into the trends.
13. Perform financial and ad hoc analyses using advanced Excel functionality and provides recommendations based on results to management for strategic decision-making.
14. Administer benefit and compensation plans in PeopleSoft supporting testing and data validation for benefit and compensation business processes and be a subject matter expert in benefits, leave of absence, and compensation.

Education and/or Experience

Bachelor's degree (BA/BS) in Human Resources, Business Administration, Finance plus a minimum of two (2) years' related work experience; or equivalent combination of education and experience.