Sr. Compensation & Benefits Analyst

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey.

The Hanover is looking for a Sr. Compensation & Benefits Analyst to partner and collaborate with members of our Human Resources organization and focus on compensation & benefits.   

The Hanover is a diverse and inclusive organization focused on hiring the best talent and we encourage all qualified professionals to apply.  We believe that an inclusive, diverse, and equitable workplace make us a better organization and creates a stronger community. 

**Position Overview/Summary:

**

The Sr. Compensation and Benefits Analyst will perform a wide range of analytical, problem solving, and support activities in the compensation and benefits area. The role will be responsible for analyzing trends and information to identify key findings and suggest possible root causes to problems or areas of opportunity.  The role utilizes advanced problem-solving skills along with skills in MS Office (such as Excel, Word, Power Point and PowerBI) to review, prepare and/or present information.

This is a full-time, exempt role.  

In this role, you will:                                

• Conduct job evaluations utilizing external market data and internal factors to make appropriate salary grade assignment and competitive pay decisions
• Complete market analysis to ensure competitive pay positioning
• Participate in salary surveys and synthesize results identifying key observations and market insights to be presented to management
• Support administration and communication of compensation and benefit programs including the annual and off cycle compensation processes and open enrollment
• Analyze and interpret data showcasing areas of opportunity
• Work with business partners in HR to support day-to-day compensation and benefit related questions
• Conduct and compile information on competitive compensation and benefits programs and practices
• Maintain updates in Hanover’s compensation management systems and train internal users on the tool
• Gather information required for pay equity analysis efforts
• Maintain documentation on job evaluations and market analysis work
• Seek input from key stakeholders on compensation programs and practices
• Conduct research and analysis for compensation and benefits related projects
• Partner with the HR Technology team to design and deliver compensation and benefits tools and technologies
• Provide innovative solutions aimed at creating greater efficiencies and improved outcomes
• Participate in and/or provide project coordination & management on key compensation and benefits projects & initiatives
• Develop and analyze key measures of compensation & benefits program effectiveness
• Analyze impact of regulatory or compliance changes to existing programs 

What you need to apply:

• Bachelor’s Degree preferred
• 4+ years of compensation related experience
• Background in total reward and/or benefits a plus.
• Strong analytical skills, attention to detail, and demonstrated ability to maintain a high degree of accuracy
• Ability to capture, assess and articulate data findings
• Ability to recommend, document and implement process improvements
• Ability to collaborate with others, manage moderately complex projects and deliver high quality analysis
• Ability to manage multiple projects at once
• Experience with Payfactors a plus
• Proficient with Microsoft Office Suite with advanced knowledge of Excel

CAREER DEVELOPMENT:

It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.

BENEFITS:

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.

Benefits include:

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)
• Click here for the full list of Benefits

EEO statement:

The Hanover values diversity in the workplace and among our customers.  The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.  

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.” 

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities.  Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: [email protected] and include the link of the job posting in which you are interested.

Privacy Policy:

To view our privacy policy and online privacy statement, click here.  

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here**.
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