Compensation Analyst - Idaho Power

**If you are a current Idaho Power employee, please apply through the Employee Portal.

Application Deadline:

09/23/2024 at 11:59 pm Mountain Time

# of Positions:

1

Job Type:

Regular

Job End Date:

Exemption Status:

Exempt

Pay Range:

Professional - Senior: $84,115.20 - $122,012.80, Annually | Entry: $34.85 - $41.97, Hourly

Minimum Age Requirement:

Job Description:

Idaho Power — located in vibrant Boise, Idaho — is looking for a Compensation Analyst - Entry, Professional, or Senior with in-depth knowledge and experience in employee compensation to join our Total Rewards team. This role carries enterprise-wide responsibility to help provide a balanced, competitive, and sustainable total rewards package, ensuring we attract and retain high-quality employees.

Whatdoes a Compensation Analyst – Entry, Professional, or Seniordoforus?

As an Entry Compensation Analyst, under supervision you will support the design, implementation, and administration of the company's compensation programs, including base pay plans, job analysis and descriptions, bonus programs, salary market analysis, and more.

As a Compensation Analyst, under limited supervision you will assist with the design, implementation, and administration of the company's compensation programs, independently advise business leaders, and make recommendations that further align with our compensation philosophies and the long-term success of the company.

As a Senior Compensation Analyst, you will develop, implement, and administer our competitive compensation packages and rewards programs by influencing business leaders, advising on best practices, and proposing improvements to support business objectives and enhance the employee experience.

The selected candidate will:

• Analyze internal and external market data to address compensation-related needs; prepare and present recommendations and compensation analysis information
• Develop and deliver transparent communication and education regarding compensation and incentive programs, fostering understanding among employees and all levels of leadership
• Partner and consult with HR colleagues and business leaders across the enterprise to interpret business issues and recommend solutions
• Streamline, consolidate, and automate compensation processes, partnering with HR colleagues and vendors as necessary
• Collaborate with peers to facilitate the performance management process, including merit cycle communication, promotions, and incentive planning
• Contribute information in the preparation of executive or compensation committee meetings, including incentive benchmarking, peer group analyses, Board of Director compensation, etc.
• Track and calculate short-term and long-term incentive payouts, working closely with Payroll, Finance, and Shareowner Services
• Complete audits, generate reports, and reconcile records to ensure compensation data integrity and accuracy
• Monitor regulatory changes and industry trends, recommending and implementing necessary adjustments to maintain compliance and competitiveness in compensation and total rewards
• Participate in salary surveys and analyzing data
• Participate in compensation projects

REQUIRED SKILLS

Knowledge of:

• Related processes, systems, laws, or regulations

Preferred:

• Common job evaluation and compensation analysis methods
• Fair Labor Standards Act and potential consequences of misclassification
• Survey and job pricing methods
• Incentive and stock plan administration and design

Skills in:

• Excellent communication skills
• Planning and organizing
• Coordination
• Teamwork/collaboration
• Customer service
• Technical system skills
• Presentation delivery

Ability to:

• Works independently under specified objectives. Closer supervision is provided for complex assignments, precedent-setting actions, and actions that affect other functional areas
• Demonstrate follow-through on customer inquiries regarding HR programs, policies, and processes
• Use good judgment in handling sensitive and confidential information and materials
• Conduct formal presentations to all levels of employees

MINIMUM REQUIREMENTS

Entry Compensation Analyst

Education:

• Bachelor's degree

OR

• Equivalent combination of formal education and experience

Preferred:

• Bachelor's degree or related certifications

Experience:

• 2 years of demonstrated experience in HR or a related field, such as legal, compliance, training, etc.

Preferred:

• Prior professional level HR experience in compensation

Licenses & Certifications:

• Valid driver's license with an acceptable driving record based on driving requirements for the position

Compensation Analyst

Education:

• Bachelor's Degree

OR

• Equivalent combination of formal education and experience

Preferred:

• Bachelor's degree or related certifications

Experience:

• 3 years of professional/advanced HR experience, including compensation experience

Preferred:

Licenses & Certifications:

• Valid driver's license with an acceptable driving record based on driving requirements for the position

Senior Compensation Analyst

Education:

• Bachelor's Degree

OR

• Equivalent combination of formal education and experience

Preferred:

• Advanced degree or related certifications.

Experience:

• 5 years of professional/advanced HR experience, including 3 years of experience in compensation

Licenses & Certifications:

• Valid driver's license with an acceptable driving record based on driving requirements for the position

PHYSICAL REQUIREMENTS
This position requires working at a desk/computer for extended periods of time. It requires the use of office equipment, fine motor skills including typing on the computer, dialing phones, filing paper, and working in close proximity to other people. There may be occasional lifts of no more than 10 lbs. The above is a summary of the primary essential functions of the position. This job may require the performance of additional tasks assigned by company leaders or management. Questions regarding job requirements or accommodation requests should be directed to Human Resources.

Competencies:

Adaptability, Building Partnerships, Communication, Courage, Decision Making, Initiating Action, Planning and Organizing

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Need Assistance Completing Your Application?

Please contact our Recruiting Office if you have questions, require assistance or accommodation while applying for employment with Idaho Power Company:  Phone: 208-388-2965 or Email:jobs@idahopower.com

Idaho Power is an Equal Opportunity Employer

We're proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex (including pregnancy), age, sexual orientation, gender identity, genetic information, veteran status, physical or mental disability, marital status, and any other status protected by applicable federal and state laws.

Please note: Idaho Power will not provide sponsorship for obtaining an employment visa, such as an H-1B visa.