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I am working as Payroll Specialist (North American Payroll) and have recently completed a certification program in HRM from Xavier's Institute Of Management, Bhubhaneshwar. I am looking forward to change my profile and would want to apply for the Profile of a Compensation Analyst. Please help me providing the profile details Profile Details for a Compensation Analyst and the reference material required to prepare for the same.

From United States, Minneapolis
Hi Surya

As a Payroll Specialist, I was trained on the core dleiverables listed below:

1.Processing payroll Queries: On-cycle check , Off-cycle processing, Payline entries, Overpayment calculations, Separation, U.S taxes and Deductions, Health Care &Benefits 401k,loan.

2.On-Payroll Process: Creating Pay sheet, Pay Calculation to Pay Confirmation.

3.Handling Work Force Administration processes like, New Hires, Promotions/Demotions, Transfers, Terminations, Leaves, Personal Data Changes, Direct Deposit, Tax Changes to name a few.

4.Designing Operating Procedures for all the core deliverables

5.Quality reviewing and documenting the process improvement and updating the same to the team members.

6.Solving Errors in On cycle Processing for Bi-weekly Employees.

7.Maintaining Training schedules and conducting training for New Hires.

8.Working knowledge on Peoplesoft (Version 8.9 and Version 9.1), DocX and CRM.

9.Working and handling leave of absence queries and policies for employees across Ameriprise.

10.Processing leaves and payroll in PeopleSoft and make sure they are paid correctly.

11.Handling benefits for US employees those who are on leave, creating direct bill through vendors (ADP, MetLife, UHG etc.).

12.Handling direct queries from employees related to payroll, leave policies and benefits.

13.Creation of metrics for quality checks and measure performances based on the output from metrics.

In addition to the core deliverables listed above, I have been certified by Oracle for PeopleSoft HCM Rel 8.9 9.1 Delta Ed1.

Should you have nay questions, please do let me know.

From United States, Minneapolis

this is what you need to pick up:-
how to build a standard position description (Onet is a good reference)
job grading/ classification
hay point factor or any other method
RSI index for career anchors/ motives of an individual
cafetaria plan/ flexible benefits
annual compensation survey like hay/ mercer

From India, Delhi
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