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CarMax Business Services, LLC

Compensation Analyst I/II

CarMax Business Services, LLC - Richmond, VA

Want to join a company that is built around a shared set of values for our customers and our associates? We believe in integrity, caring for people, and always doing the right thing. We think we have a good thing going, but don’t take our word for it; Fortune has names us one of the Top 100 Best Companies to Work for 13 years in a row! With more than 175 stores across the country and 6,000,000 cars sold, we know we have a winning concept.  We have achieved such impressive results by driving transparency and honesty in the automotive industry with low, upfront prices and market-leading customer service.  We’ll buy your car, even if you don’t buy ours! We are currently seeking a Compensation Analyst to apply knowledge of compensation principles to a variety of situations.  In this role you will have the opportunity to partner with the Compensation Manager in the design and implementation of pay programs.   In addition, you’ll have the opportunity to review and create job descriptions, make recommendations of salary ranges, develop various reports and audits and you might also lead small cross-functional projects to resolve compensation related business challenges.   Love to partner with others and use your analysis skills to make recommendations?  Great!  In this role you will get to work with other HR functions and business units within CarMax to make a positive impact on our Associates. RESPONSIBILITIES:       •         Analyze and review job descriptions, changes in wages, salaries, pay equity and recommendations.•         Partner with Compensation team to review and coordinate completion of compensation surveys.•         Partner with Salary Administrators and Sr. Management to advise and counsel on compensation related decisions.•         Improve, administer, and assist with Milestone processes which include, but are not limited to Merit, Short-term Incentive and Long-term Incentive programs.•         Partner with Compensation Manager to review and coordinate completion of compensation projects.  •         Coordinate the development and documentation of procedures to streamline processes and ensure compliance with regulatory requirements.•         May ensure compliance with all federal and state laws relating to compensation plans, projects, and Milestones.•         May develop and review Associate communication, training materials and tools regarding compensation plans, projects, and Milestones.•         Partner with HRTS Analysts to ensure that the HRTS system aligns with compensation designs and is updated to reflect changes to salary structures, bonus programs, etc.

Job Requirements
QUALIFICATIONS: •         Ability to advise and counsel effectively (written and verbal) with all levels of Associates. •         Ability to devise new approaches to problems using strong analytical skills.•         Ability to establish schedules and timelines to achieve company expectations. •         Ability to convey a professional and positive image to applicants and Associates.  •         Ability to teach others on how to complete tasks and processes.•         Ability to reason and communicate regulations and detailed information on compensation to all levels of Associates in a courteous and professional manner.EDUCATION and/or EXPERIENCE:•         Bachelor's degree or equivalent experience, preferred•         Experience in Compensation or Human Resources, required Courses or seminars related to compensation administration and/or processing, preferred•         CCP certification, preferred•          Advanced knowledge with computer based applications, like Microsoft Office, desired•         Specific knowledge of HRIS systems, Workday and Peoplesoft, preferredReady to take the next step in your career?  Apply today and help us Drive What’s Possible!

11 days 5 hours ago

CarMax Business Services, LLC


Compensation Analyst I/II CarMax Business Services, LLC - Richmond, VA, United States


Location: Richmond, VA

Company Profile:
CarMax was built on the idea that there had to be a better way to buy a used car. So we set out to change things by making the buying process as easy (and fun!) as possible. Before anything else though, we laid the foundation upon which our car-selling venture would be built: INTEGRITY.