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Compensation Analyst

Axiom Space

Axiom Space

IT
South Australia, Australia
Posted on Dec 17, 2024

Axiom Space is building for beyond, guided by the vision of a thriving home in space that benefits every human, everywhere. We foster a diverse environment inclusive of all perspectives. We are the pioneers of commercial space, leading the transformation of low-Earth orbit into a global space marketplace. Our mission-driven team is seeking a bold and dynamic person who is fueled by problem-solving, continuously curious, and driven to understand our world, science/technology, and life itself, for the benefit of all on Earth and beyond.

We are looking for a highly skilled Compensation Analyst (level and salary will be commensurate with experience) with hands-on expertise in compensation administration. This role demands exceptional attention to detail, a strong understanding of compensation practices, and the versatility to manage all facets of compensation management.

The Compensation Analyst will play a pivotal role in developing, implementing, and maintaining the organization’s compensation programs to ensure internal equity, market competitiveness, and alignment with business goals. Supporting an organization of approximately 1,000 employees, this position involves conducting detailed analyses, delivering actionable insights, and recommending strategies to attract, retain, and motivate top talent.

Key responsibilities include designing, implementing, and managing comprehensive compensation programs, such as short-term and long-term incentive plans and the Restricted Stock Unit (RSU) program. Success in this role requires a collaborative, detail-oriented professional capable of managing complex programs while ensuring compliance with all relevant regulations. A proactive, solutions-focused approach is essential.

DUTIES & RESPONSIBILITIES

  • Compensation Strategy and Program Design

    • Develop and maintain a comprehensive annual compensation strategy and philosophy aligned with company objectives.

    • Design, implement, and manage compensation programs, including salary structures, short- and long-term incentive plans, and RSU programs.

    • Design and oversee an executive compensation program.

    • Align compensation strategies with recruitment efforts to attract and retain top talent.

  • Compensation Analysis and Benchmarking

    • Conduct market analysis to benchmark compensation practices and maintain competitive salary structures.

    • Utilize industry surveys and tools to analyze salary trends and recommend adjustments to ensure market alignment.

    • Collaborate with external vendors to acquire market data, analyze trends, and maintain industry competitiveness (i.e., Economic Research Institute (ERI) system).

  • Job Evaluation and Classification

    • Evaluate job descriptions in collaboration with managers and People & Culture team members to ensure accurate classification and alignment with the organizational structure.

    • Maintain job families and salary grades to promote internal equity.

  • Compensation Program Administration

    • Lead the annual compensation cycle, integrating it with the performance review process and coordinating with management, payroll, HRIS, and People & Culture Business Partners.

    • Review and provide annual compensation processes, including merit increases, promotions, and market adjustments.

    • Support the development of variable pay programs, such as bonuses and incentives.

  • Compliance and Reporting

    • Ensure compensation practices comply with applicable labor laws and regulations (e.g., FLSA, pay equity standards).

    • Stay informed about industry trends and regulatory updates to maintain compliance across all compensation programs.

    • Prepare and maintain reports, metrics, and dashboards to track compensation trends and inform decision-making.

  • Partner and Advisor

    • Partner with People & Culture team members and business leaders to provide guidance on compensation strategies, practices, and salary recommendations.

    • Assist Talent Strategy and Internal Communications in creating training materials and communication plans for compensation programs.

  • Additional Responsibilities and Special Projects

    • Support ad hoc compensation-related projects, such as workforce analysis, equity studies, and pay structure reviews.

    • Perform other duties as assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education & Experience

Education:

  • Bachelor’s degree in Business Administration, Finance, Accounting, Human Resources, or a related field. Equivalent education, experience, and training will also be considered.

Experience:

  • Minimum of 3 years of direct, hands-on compensation administration experience required.

  • Participation in compensation surveys or proficiency in using Economic Research Institute (ERI) or similar compensation analysis software is required.

  • Demonstrated expertise in compensation research, data analysis, and problem-solving is essential.

  • Advanced-level proficiency in Microsoft excel is required.

  • Experience with Workday or other HRIS systems is preferred.

  • Certification as a compensation or human resources professional is preferred.

  • Experience in International Global Compensation Administration (non-US) is preferred.

Skills & Abilities:

  • Strong written and verbal communication skills, with the ability to engage effectively across all organizational levels.

  • Exceptional organizational skills, with a demonstrated ability to meet deadlines in a fast-paced environment.

  • Ability to work independently and collaboratively within a cohesive team.

  • Commitment to delivering high-quality customer service.

  • Proven ability to handle confidential information with discretion.

  • Capability to build and maintain effective working relationships throughout the organization.

Work Environment

  • Generally, an office environment, but can involve inside or outside work depending on the task.

PHYSICAL REQUIREMENTS

  • Work may involve sitting or standing for extended periods (90% of the time). May require lifting and carrying up to 25 lbs. (5% of the time).

  • Equipment and Machines

  • Standard office equipment (PC, telephone, printer, etc.).

Skills

  • Curiosity: Continuously seeking to understand and evaluate new information to enhance problem-solving and decision-making for current and future challenges.

  • Critical Thinking and Problem Solving: Applying logic, reasoning, and creativity to analyze alternatives, identify strengths and weaknesses, and develop innovative solutions.

  • Active Listening and Communication:

    • Listening attentively to others, understanding their perspectives, asking thoughtful questions, and avoiding unnecessary interruptions.

    • Communicating clearly and concisely through both verbal and written channels to effectively share information and ideas.

  • Learning Strategies: Designing and applying effective training or instructional methods tailored to specific needs for individual or team development.

  • Quantitative and Analytical Skills: Utilizing mathematical and data-driven approaches to solve problems and make informed decisions.

  • Market Monitoring: Assessing and interpreting trends, particularly in areas like compensation, to maintain competitive and fair practices.

  • Interpersonal and Team Collaboration: Building strong relationships, fostering a cooperative team environment, and working effectively to achieve shared goals.

  • Organizational Skills: Prioritizing, planning, and managing tasks efficiently to meet deadlines and optimize productivity.

  • Results-Oriented and Self-Motivated: Demonstrating initiative, goal orientation, and a proactive mindset to drive success and contribute positively to organizational objectives.

Requirements

  • Must be able to complete a U.S. government background investigation.

  • Management has the prerogative to select at any level for which the position is advertised.

  • Proof of U.S. Citizenship or US Permanent Residency is a requirement for this position.

Competencies

To perform the job successfully, an individual should demonstrate the following competencies:

  • Ethics - Treats people with respect; keeps commitments; inspires the trust of others; works with integrity and principles; upholds organizational values

  • Problem Solving - Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics

  • Organizational Support - Follows policies and procedures; completes administrative tasks correctly and on time; supports organization's goals and values; benefits organization through outside activities; supports affirmative action and respects diversity

  • Communications - Expresses ideas and thoughts verbally; expresses ideas and thoughts in written form; exhibits good listening and comprehension; keeps others adequately informed; selects and uses appropriate communication methods

  • Cost Consciousness - Works within approved budget; develops and implements cost saving measures; contributes to profits and revenue; conserves organizational resources

  • Teamwork - Eager and able to work in a collaborative and cross-disciplinary fashion in a fast-paced, dynamic and deadline-oriented environment

Axiom Space is proud to be an equal opportunity employer. Axiom Space does not discriminate on the basis of race, regional color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with disability, or other applicable legally protected characteristics.