We are seeking a Compensation Analyst who will contribute to general compensation programs and processes by completing assigned tasks to help maintain innovative pay programs and support the financial well-being of employees. The Analyst will gather data and analyze compensation trends in the external market, make recommendations to ensure that T. Rowe Price jobs are appropriately aligned for internal equity and external competitiveness and partner with more senior professionals to ensure compliance and accuracy of work. If you have 2+ years of financial analysis and/or compensation experience, we want to hear from you. This role offers the opportunity to learn and advance your skills and experience in compensation processes and practices. This role with follow a hybrid work model with 3 days/week in our office in Owings Mills .
Responsibilities:
With minimal supervision and depending on the area of focus, provides guidance to Human Resources and the business on compensation programs and issues. May support more senior professionals by reviewing and analyzing compensation data.
With guidance, may manage a small compensation project that requires a standard solution, including establishing a project plan, coordinating and managing resources, forecasting and monitoring project budget, etc.
Conducts research on compensation programs and gathers competitive intelligence to contribute to the development and implementation of best-in-class programs that align with business needs. Monitors compensation programs and offerings to ensure they align with Total Rewards philosophy and global governance strategy and are culturally/market relevant.
Analyzes jobs through the job evaluation process to ensure internal equity of positions across job families and grade levels. Matches T. Rowe Price positions to external market data, identifies internal comparisons, and recommends grade and salary changes.
Qualifications:
Required:
Bachelor's degree, preferably in Business, Psychology, Human Resources, or related field, or
The equivalent combination of education and relevant experience AND 2+ years of total relevant work experience
2+ years of experience in compensation and/or financial analysis
Preferred Qualifications:
Ability to communicate with multiple levels, including with HR colleagues and Business Unit Leaders/ Managers
Demonstrated analytical skills and attention to detail
Advanced Excel skills
Ability to effectively manage multiple priorities
Ability to work independently and as a strong great teammate
Commitment to excellence in service and client relationship management
Solid knowledge of compensation processes and practices, particularly around benchmarking and managing of salary structures
CCP (Certified Compensation Professional) recipients and candidates preferred
Workday experience
Asset management and/or financial services industry experience.
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work, with up to two days per week from home.
City:
State:
Community / Marketing Title:
Compensation Analyst - Hybrid
Company Profile:
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Maryland, US
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Commitment to Diversity, Equity, and Inclusion:
We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.
Benefits: We invest in our people through a wide range of programs and benefits, including:
•Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
•Flexible and remote work opportunities
•Health care benefits (medical, dental, vision)
•Tuition assistance
•Wellness programs (fitness reimbursement, Employee Assistance Program)
Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.
T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.