Compensation and Benefits Analyst

Description

Position Summary:

Bodorlaser Inc. is seeking a Compensation and Benefits Analyst to support the analysis, administration, and continuous improvement of the Company’s compensation, payroll, employee benefits, and workforce programs across the United States and Canada.

This position applies financial analysis, data modeling, market research, and HR systems knowledge to evaluate salary structures, incentive programs, employee benefit plans, payroll costs, and workforce expenditures. The position also supports payroll and benefits administration, HR compliance, employee data management, and related HR operations.

The Compensation and Benefits Analyst works closely with company leadership, Finance, employees, external benefit providers, payroll vendors, insurance brokers, professional advisers, and the Company’s global headquarters.

Key Responsibilities:

Compensation and Incentive Analysis – 30%

• Develop financial models to evaluate salary structures, pay adjustments, sales commissions, bonuses, and performance-based incentive programs.
• Analyze compensation data, internal pay relationships, regional pay differences, and labor-market information.
• Evaluate the financial effectiveness of commission and incentive plans by reviewing payout structures, performance results, revenue, and workforce costs.
• Conduct job analysis and assist with determining appropriate job classifications, salary levels, and exempt or non-exempt status.
• Prepare recommendations regarding compensation adjustments, incentive structures, and workforce planning.

Benefits and Payroll Analysis and Administration – 25%

• Administer and audit semi-monthly U.S. payroll and Canadian payroll, including regular wages, bonuses, commissions, benefit deductions, taxable benefits, reimbursements, and other payroll items.
• Analyze employee benefit programs, including medical, dental, vision, life, disability, flexible spending accounts, and 401(k) benefits.
• Review benefit renewal proposals, employer and employee contributions, plan costs, enrollment data, and market alternatives.
• Coordinate benefit renewals and open enrollment with brokers, carriers, vendors, employees, and management.
• Reconcile payroll deductions, employer-paid benefits, carrier invoices, enrollment records, and payroll reports.
• Respond to employee questions regarding payroll, benefit eligibility, deductions, enrollment, and coverage.

Workforce Financial Analysis and Reporting – 20%

• Prepare financial forecasts and budget analyses for compensation, payroll, benefits, and total workforce costs.
• Analyze budget variances and prepare workforce cost projections for management and Finance.
• Develop and maintain Excel-based reports and dashboards covering compensation, benefits, headcount, PTO, labor allocation, turnover, and personnel expenses.
• Perform cost-benefit and scenario analyses for proposed compensation changes, benefit enhancements, hiring plans, and workforce decisions.
• Prepare monthly, quarterly, and annual reports and management presentations.

HR Systems, Compliance and Job Analysis – 15%

• Maintain accurate compensation, payroll, benefit, leave, and employment data in Paylocity, SAP, and related systems.
• Monitor applicable federal, state, and provincial compensation, payroll, benefits, and leave requirements.
• Support multi-state payroll compliance, worker classification, workers’ compensation classifications, and year-end payroll reporting.
• Review and update compensation, benefit, payroll, and related HR policies and procedures.
• Maintain confidential employment and compensation records and support internal and external audits.

Related HR Program Support – 10%

• Support employee onboarding, offboarding, employment changes, and leave administration.
• Assist with employment-based immigration documentation and deadline tracking.
• Provide employees with information regarding HR policies, payroll, benefits, and procedures.
• Support recruitment, training, performance management, and other HR programs as needed.
• Coordinate HR information and workforce data with the Company’s global headquarters.

Requirements

Basic Qualifications:

• Bachelor’s degree or higher in Finance, Financial Management, Accounting, Economics, or a closely related analytical business field.
• Proficiency in financial modeling, data analysis, and Microsoft Excel.
• Proficiency with ERP, HRIS, or payroll systems such as SAP and Paylocity.
• Knowledge of compensation, payroll, employee benefits, budgeting, and workforce cost analysis.
• Strong analytical, organizational, communication, and problem-solving skills.
• Ability to maintain confidentiality and work accurately with employee and financial information.
• Ability to work independently and collaborate with management, Finance, employees, vendors, and professional advisers.

Preferred Qualifications:

• Experience with compensation analysis, payroll administration, employee benefits, HR analytics, or workforce budgeting.
• Experience supporting multi-state U.S. employees or Canadian employees.
• Mandarin Chinese proficiency is preferred due to regular coordination with the Company’s global headquarters.

Benefits and Perks

• Competitive compensation package
• Company-paid medical insurance
• Dental and vision insurance
• Company-paid basic life, short- and long-term disability insurance
• 401(k) with employer match
• Generous leave policy
• Flexible spending account
• Employee assistance program
• Holiday bonus
• Birthday gift cards
• Visa sponsorship for eligible employees

BodorLaser is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We conduct background checks and drug screening in accordance with company policies and federal and state guidelines.