• Total Rewards Analyst

    Federal Reserve Bank (Kansas City, MO)


    Company

     

    Federal Reserve Bank of Kansas City

     

    As a part of the nation's central bank, the Federal Reserve Bank of Kansas City supports a stable financial system. We work across diverse communities throughout our region and nation to foster understanding in our economy, the payments system, and financial institutions for people from all walks of life.

     

    Together, we serve the public and each other in an innovative environment that values the highest ethical standards. Here you'll find support to develop, united in a clear and common purpose with a diverse team.

     

    The Total Rewards Analyst will be responsible for developing and administering total rewards programs with an emphasis on compensation, but also inclusive of benefits and wellness programs. The ideal candidate is detail-oriented, analytical, has an aptitude to learn, and can effectively tailor communication to deliver complex/difficult messages. The candidate also is interested in enhancing or developing deep Total Rewards practitioner knowledge to serve as a subject-matter expert and advise senior management on programs and market trends.

    Develops and administers:

    + Salary administration & variable pay programs. Activities include developing and recommending budgets, allocations, and guidelines; consulting with business line leadership on rewards and recognition strategies; and reviewing transactions for alignment with policy and strategy.

    + The Bank’s job evaluation program. Activities include reviewing job documentation, analyzing market data, and determining FLSA classification.

    + Benefits programs, including health insurance, retirement, and wellness programs. Activities include coordinating with Office of Employee Benefits and vendors, ensuring timely delivery of benefits information to employees, and handling escalated coverage issues.

    + Educational campaigns, events, and programs across the spectrum of Total Rewards.

    Additional responsibilities include:

    + Conducts and/or participates in compensation surveys.

    + Compiles and analyzes data to recommend adjustments to the Bank’s salary structure.

    + Monitors total rewards trends and business issues to ensure competitiveness of the Bank’s compensation philosophy and programs.

    + Advises and consults with colleagues across the department, Bank management, and System contacts on Total Rewards topics.

    + Performs other duties as assigned

    Requirements:

    + Typically requires 0-3 years of relevant experience

    + Three years of relevant experience is preferred, which could include finance or data analysis, detailed human resources program administration and support, or human resources program development. Typically, does not require previous total rewards experience.

    + Bachelor’s degree in business administration or a closely related field from an accredited college or university, or equivalent combination of directly related education and/or experience.

    + Strong analytical skills and proficiency in data analysis tools such an Excel or Tableau preferred.

    + Familiarity with the Human Capital Management programs preferred.

     

    Pay Range: The starting pay range for this position is $59,500 to $92,800 for the job level(s) required for this position. Final offers are determined by factors including the candidate’s qualifications, internal alignment considerations, district assignment, and geographic location.

     

    Sponsorship: Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

    About Us:

    Total Rewards & Benefits

     

    Who We Are

     

    What We Do

     

    Follow us on LinkedIn , Instagram, X (formerly Twitter) , and YouTube

     

    Full Time / Part Time

     

    Full time

     

    Regular / Temporary

     

    Regular

     

    Job Exempt (Yes / No)

     

    Yes

     

    Job Category

     

    Operations Family Group

     

    Work Shift

     

    First (United States of America)

     

    _The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences._

     

    Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.

     

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