Compensation and Benefits Analyst jobs in Minnesota

Why Work at Banner?

For over 50 years, Banner Engineering has been at the forefront of industrial automation, and our products are relied on for solutions within factory automation, robotics, material handling & logistics, and emerging areas such as Industrial Internet of Things (IIoT). Banner’s advanced sensor technologies (optical, radar, laser, and ultrasonic), machine safety systems, condition monitoring products, and intelligent lighting solutions are used by Fortune 500 companies and industry leaders worldwide. Banner is a rapidly growing company that offers many personal development opportunities, an excellent benefits package, and a collaborative team of employees who are passionate about what they do.

Pay and Benefits

Banner Engineering is committed to offering competitive pay and benefits, including, but not limited to:

• 401(k) with match
• Student Loan 401(k) match program
• Medical, Dental, and Vision Insurance Plans
• HSA (Health Savings Account) with company contribution
• Flexible work hours
• Life Insurance
• Paid Parental Leave
• Pet Insurance
• Paid Time Off (PTO)

Please note some career sites assign estimated compensation ranges that may not accurately reflect what is offered by Banner Engineering.

Position Summary

The Compensation and Benefits Specialist provides HR support to business area employees and managers in accordance with company policies, practices, and processes. This position carries out responsibilities in all functional areas with an emphasis on: compensation, leave, benefits, wellness and company event planning

This position reports to the Human Resources Manager.

What You’ll Be Doing

• Compensation Program Administration:  Support the development, design, evaluation, implementation, and administration of the organization's compensation programs and initiatives, including:
• Salary survey participation
• Conducts company-wide market analysis; analyzes salary structure to ensure midpoints and range spreads are competitive to attract and retain talent
• Completes ad hoc requests for market pricing jobs
• Serves as the CompAnalyst system expert and reviews analytics
• Makes recommendations to the compensation structure

• Leave Administration: Oversees day-to-day administration of Banner’s leave of absence program including FMLA and Medical LOA or general LOA; Works with outsourced Leave Administrator (Lincoln Financial)
• Benefits Coordination: Manages employee benefits programs including:
  • Benefits vendor partnerships and meeting schedules
  • Benefit compliance activities and reporting
  • Open enrollment process and materials,
  • Benefit communication strategy development and deploy to employee population
  • Subject Matter Expert in Banner’s benefit offerings and serves as a resource for employees
• Wellness Program Administration: Manages the employee wellness and perks programs, including planning, communicating with vendors, and promoting the programs to employees
• HRIS Projects and Reporting: HRIS Administration (UKG Pro) backup for maintenance and reporting; HRIS projects and audits
• Company Event Planning: Manages the calendar of special events and activities; leads the planning and coordination of events, food trucks and other employee engagement activities
• Prepares documents, forms, announcements, and other materials used to communicate information to employees
• Works on assigned projects and special assignments, and acts as back up to other members of HR as needed
• Actively engages in recommending, implementing, and supporting process changes and automation
• Ensures confidentiality and data integrity of all personnel data
• Other duties as assigned

What You Bring to the Table

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

Required/ Must Have’s

• Bachelor’s degree in Human Resources, Business Administration or related field
• Demonstrated Human Resources experience in a Benefits or Compensation role
• Excellent verbal and written communication skills
• Ability to multi-task and be organized

Preferred / The Ideal Candidate Will Have:

• 2-4 years of experience in a Benefits and Compensation Role
• Hands on experience with Compensation Systems (Comp Analyst) and pricing jobs
• Understanding of compensation strategies and experience managing a compensation structure
• Hands on experience with an HR Information System (HRIS) such as UKG Pro or Workforce Management (formerly Dimensions)
• Working knowledge of Leave Laws (FMLA, State Leaves, etc.)
• Enjoys planning and coordinating events and activities
• Proficient in Microsoft tools such as Office, Excel, Word, and PowerPoint
• Ability to maintain professionalism and strict confidentiality
• Ability to work independently and coordinate projects under minimal supervision

What to Expect at Work

Physical Demands

The physical demands described here must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to support individuals with disabilities.

• Sit for up to 8 hours per day
• Exposed to a computer screen for up to 8 hours per day
• Utilize a computer mouse, keyboard, computer, and other standard office equipment
• Required to talk or hear frequently

Working Environment

The work environment characteristics described here are representative of those you may encounter while performing the essential functions of this job.

• Corporate office environment – indoor and climate-controlled

This job description reflects management’s assignment of key responsibilities; It does not prescribe or restrict the tasks that may be assigned.