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Compensation Analyst - job 1 of 2

DescriptionPosition at Swift TransportationPay Range: $62,000.00 - $82,000.00 AnnuallyWhat we offer:• Competitive starting salary commensurate with experience and geographic location.• Potential bonus pay based on company performance.• Opportunities to volunteer and give back to local communities.• Comprehensive Benefits Package which includes:• 401(K)• Medical, Dental, Vision, Disability, Supplemental and Life Insurance• Paid Time Off• Employee Stock Purchase PlanQualifications: What you need to bring• 3+ years experience in Compensation, Human Resources and/or HRIS required.• Bachelors degree or equivalent combination of education and/or experience required.• Certified Compensation Professional preferred.• Must possess exceptional communication skills.• Must possess strong analytical and quantitative skills.• Must be knowledgeable of state and federal regulations relative to compensation programs.• Must be proficient in extracting data from HR systems and compiling reports.Job Responsibilities: What you will doCollect data and conduct detailed analyses to effectively support and monitor the company's compensation programs and initiatives. Actively participate in, conduct, and review salary surveys to ensure compensation structure remains competitive and aligned with market trends. Collaborate with HR business partners, HRIS teams, and business leaders on compensation strategy and job architecture, while ensuring compliance with audit and regulatory requirements.• Conduct compensation analyses which support the design, implementation and administration of company compensation programs.• Participate in targeted 3rd party surveys to assess competitiveness of company compensation packages to other industry related companies.• Write, revise and maintain job descriptions database and provide consultation to managers in designing, creating and revising job descriptions.• Ensure compliance of job descriptions with state and federal regulations (FLSA classifications, EEO).• Perform internal and external pay analysis to determine appropriate salary grades, internal equity and external competitiveness.• Coordinate and support the company compensation planning tools to ensure maximum utilization and performance.• Administer pay programs, monitor and maintain compensation plan budgets, prepare reports to be used for modeling and determining cost of potential changes to the compensation plans (relocation, merit, salary ranges, bonus, stock, etc.).• Create and maintain reports by collecting, analyzing, and collating data.• Assist in process improvement initiatives to ensure data integrity.• Maintain a working knowledge of federal, state and local regulations laws that may affect compensation policies.• Keep abreast of trends and best practices and make recommendations for changes and improvements across enterprise.• Proactively work to assist others in achieving the organization's objectives.Copy and paste URL into browser to view full description: https://knxtrans.jdxpert.com/ShowJob.aspx?EntityID=2&id=2106The Company is an equal employment opportunity employer. The Company's policy is not to unlawfully discriminate against any applicant or employee on the basis of race, color, sex, sexual orientation, gender identity, religion, national origin, age, military status, disability, genetic information or any other consideration made unlawful by applicable federal, state, or local laws. The Company also prohibits harassment of applicants and employees based on any of these protected categories.GJ123

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What You Should Know About Compensation Analyst, Swift Transportation

Are you ready to dive into the exciting world of compensation analysis? At Swift Transportation in beautiful Phoenix, AZ, we’re on the lookout for a driven and analytical Compensation Analyst. In this pivotal role, you will play an essential part in supporting our compensation programs and ensuring they align with market trends. With a competitive starting salary ranging from $62,000 to $82,000 annually, plus potential bonuses based on our company performance, it’s a great opportunity to grow your career in Human Resources. You'll be responsible for collecting data, conducting detailed analyses, and collaborating with HR business partners and leaders to create a robust compensation strategy. Your insights will help us maintain compliance with audit and regulatory requirements and ensure our compensation packages are competitive within the industry. If you bring with you over three years of experience in Compensation, Human Resources, or HRIS, along with exceptional analytical and communication skills, you’ll thrive in our team-oriented environment. Your contributions will not only impact our organization but also allow you to give back to the local community through volunteer opportunities. Join us and be part of a company that values its employees and fosters a culture of growth and success.

Frequently Asked Questions (FAQs) for Compensation Analyst Role at Swift Transportation
What qualifications are required for the Compensation Analyst position at Swift Transportation?

To apply for the Compensation Analyst role at Swift Transportation, candidates must have at least 3 years of experience in compensation, human resources, or HRIS. A bachelor's degree or a combination of education and experience is required, while a Certified Compensation Professional designation is preferred. Strong analytical skills and effective communication abilities are also essential for success in this role.

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What are the primary responsibilities of a Compensation Analyst at Swift Transportation?

As a Compensation Analyst at Swift Transportation, your primary responsibilities will include conducting detailed analyses to support and monitor compensation programs, participating in salary surveys, collaborating on compensation strategy, and ensuring compliance with federal and state regulations. Additionally, you will administer pay programs and maintain a job descriptions database.

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How does Swift Transportation ensure competitive compensation for its employees?

Swift Transportation ensures competitive compensation for its employees by actively participating in industry-related salary surveys to assess competitiveness against other companies. The Compensation Analyst plays a crucial role in conducting internal and external pay analyses to help determine appropriate salary grades and maintain internal equity among staff.

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What benefits does Swift Transportation offer to Compensation Analyst employees?

Swift Transportation offers a comprehensive benefits package to its Compensation Analysts, which includes a competitive salary, potential bonuses, 401(K), medical, dental, vision, disability, supplemental and life insurance, paid time off, and an employee stock purchase plan. This robust package is designed to support employee welfare and job satisfaction.

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What skills are important for success as a Compensation Analyst at Swift Transportation?

Important skills for a Compensation Analyst at Swift Transportation include strong analytical and quantitative capabilities, exceptional communication skills, proficiency in extracting and compiling data from HR systems, and thorough knowledge of relevant state and federal regulations. These skills are vital for effectively analyzing compensation programs and recommending improvements.

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Common Interview Questions for Compensation Analyst
What experience do you have in compensation analysis?

In answering this question, provide specific examples of your past work experience related to compensation analysis. Highlight any projects you've participated in that involved salary surveys or data analysis, and discuss the tools and methodologies you used to arrive at your recommendations.

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How do you approach conducting a pay equity analysis?

To answer this effectively, describe your step-by-step approach including how you gather data, how you ensure you have accurate comparatives, and how you analyze findings to identify any discrepancies. Mention any statistical software or HR systems you’re familiar with to support your analysis.

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Can you describe a time you successfully implemented a compensation strategy?

When answering this question, narrate a detailed story of a compensation strategy you implemented, discussing the challenges you faced, how you collaborated with teams, and the positive outcomes that resulted. Highlight any metrics that demonstrate the strategy’s success.

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What tools and software are you familiar with for compensation analysis?

In your answer, list specific HRIS tools or compensation management software you’ve used in your previous roles. Be prepared to discuss how you leveraged these tools to enhance analysis and reporting on compensation programs.

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How do you stay informed about trends in compensation and benefits?

Discuss your methods for staying updated, such as subscribing to industry publications, attending webinars or conferences, participating in professional associations, or engaging in relevant online forums. Emphasize your proactive approach to continuous learning.

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What are your strategies for gathering compensation data?

Explain your strategies for gathering compensation data, including participating in surveys, utilizing industry reports, and conducting interviews. Highlight the importance of data accuracy and how you validate the information received.

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How do you handle difficult conversations about compensation with management?

Illustrate your skill in managing sensitive discussions by emphasizing your approach to preparation, focusing on providing clear and data-driven insights, and maintaining a professional demeanor. Highlight any specific examples of positive outcomes from such conversations.

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How would you ensure compliance with compensation regulations?

In answering this question, define the specific steps you take to ensure compliance, such as staying current on laws, developing clear policies, and conducting routine audits of compensation practices. Sharing your methodology will demonstrate your thorough approach.

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What is your experience with job descriptions and their alignment to compensation strategies?

When responding, draw on your past experiences writing or revising job descriptions, noting how you ensured they accurately reflected the role and supported compensation structures. Discussing alignment between job duties and compensation will showcase your understanding of the broader HR function.

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Why do you want to work as a Compensation Analyst at Swift Transportation?

Your answer should reflect your enthusiasm for the role and company. Discuss what draws you to Swift Transportation and how the company’s values align with your professional interests. Mention any specific aspects of their compensation strategy or company culture that resonate with you.

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November 30, 2024

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