Total Rewards Analyst

Title: Total Rewards Analyst

About Lamb Weston

We love making fries almost as much as you like eating them! Since the 1950’s, Lamb Weston has inspired customers with food they love, trust, and share with families and friends. As a leading global manufacturer of quality frozen potato products with over 10,000+ team members around the world, it’s our business to see the possibilities in potatoes and people.

We are looking for team members with an appetite for a challenge! People who are hungry to join a winning team and help us make a difference in the world. When you join Lamb Weston, you join a community with a strong support network and training programs designed to nurture, inspire, and help you grow.

We are driven by a relentless pursuit of results and by people who think creatively and embrace our values of: Integrity, Teamwork, Inclusion, Drive for Results, and Empowerment. Exactly what you’d expect from the most inventive potato company in the world!

Join Lamb Weston! We bring the world together with our fries.

Job Description Summary

Job Description

• Support the design, implementation and administration of  compensation and benefits programs.
• Administer compensation plans in Workday, including ensuring employees are accurately assigned to eligible compensation plans, ensuring eligibility rules are kept current, and supporting the execution of year-end compensation planning (i.e., merit, bonus and stock awards), and partnering with HRIS/Payroll to ensure accurate payment of compensation.
• Analyze, evaluate and support the design of various pay programs including base pay, short-term incentive, long-term incentive programs, stock-based compensation and sales incentive programs with the specifications for new plans or modifications to existing plans to maintain the company’s competitive position market.
• Conduct market studies to determine benchmarks, gather going rates of pay, and determine competitive positioning. Evaluate and analyze salary data, own the salary surveys’ submission process thereby supporting Lamb Weston’s competitiveness in the marketplace.
• Analyze, forecast and report labor market trends and developments in pay, unemployment, CPI and turnover.   Assists in in the preparation of merit budget recommendations salary structure changes and other related actions.
• Maintain job families, title and grades.
• Contribute to the preparation of materials for the Lamb Weston Board of Directors Compensation Committee.
• Provide support to HR leaders on compensation-related matters.
• Maintains current knowledge of environmental, legal and regulatory factors that impact compensation practices.  Keeps current on trends in total rewards strategies.
• Lead the AOP data collection process and materials preparation for Total Rewards annual budget presentation.
• Estimate annual expenses for various benefits program.

Basic & Preferred Qualifications

Skills & Experience

• Bachelor’s degree in Mathematics, Statistics, Finance, Business Administration, Human Resources, or related field, or equivalent work experience.
• Must have a minimum of 2 years’ experience with analysis of compensation or benefits programs or educational equivalent.
• Minimum of 1 years of experience with Workday HCM and Advanced Compensation (i.e., year-end merit, bonus and stock awards consolidated Workday business process) strongly preferred.

Required Technical Skills

• Must be technologically adept and able to work with multiple Microsoft applications and HRIS (preferably Workday), etc.
• Advance knowledge of Excel (pivot tables, VLookUp, Concatenation and other functions).
• Proficient in Alteryx and Power BI preferred.
• Must have high work capacity, results-oriented drive and strong sense of urgency.

Industry-Competitive Benefits

Coupled with our compensation and bonus incentive programs, our benefits deliver rewards that are market competitive.  Some of the most attractive elements of our benefit programs include:

• Health Insurance Benefits - Medical, Dental, Vision

• Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts

• Well-being programs including companywide events and a wellness incentive program

• Paid Time Off

• Financial Wellness – Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance

• Family-Friendly Employee events

• Employee Assistance Program services – mental health and other concierge type services

Benefits may vary based on location, job role/level, job status, and/or the terms of any applicable collective bargaining agreements.

Lamb Weston is an Equal Opportunity Employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status or any other protected factor under federal, state or local law