Full-Time
Compensation Analyst
Posted on 11/15/2024
The Federal Reserve System
1,001-5,000 employees
Central bank managing U.S. monetary policy
Compensation Overview
$60.8k - $90kAnnually
Junior, Mid
No H1B Sponsorship
Kansas City, MO, USA
Hybrid position requiring a minimum of 50% in-office presence monthly.
- Typically does not require any previous compensation analysis experience. Three years of relevant experience is preferred, which could include finance or data analysis, detailed human resources program administration and support, or human resources program development.
- Bachelor’s degree in Business Administration or a closely related field from an accredited college or university, or equivalent combination of directly related education and/or experience.
- Strong analytical skills and proficiency in data analysis tools such as Excel or Tableau preferred.
- Familiarity with the Human Capital Management programs preferred.
- Develops and administers salary administration & variable pay programs. Activities include developing and recommending budgets, allocations, and guidelines; consults with business lines; ensures alignment with policies; and compiles reports and metrics.
- The Bank’s job evaluation program. Activities include reviewing job documentation, analyzing market data, and determining FLSA classification.
- Educational campaigns and programs.
- Conducts and/or participates in compensation surveys.
- Compiles and analyzes data to recommend adjustments to the Bank’s salary structure.
- Monitors compensation trends and business issues to ensure competitiveness of the Bank’s compensation philosophy and programs.
- Consults with recruiters, Bank management, and System contacts on compensation issues. Participates in System workgroups.
- Performs other duties as assigned.
The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its goals. The primary aim of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.
Company Stage
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Total Funding
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Headquarters
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Founded
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6 month growth
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Simplify's Take
What believers are saying
- Working at the Federal Reserve offers the opportunity to contribute to significant economic policies that impact the global economy.
- The Fed's diverse and inclusive work environment fosters creativity and innovation, providing room for personal and professional growth.
- Employees benefit from a high-performance culture with meaningful responsibilities and a strong work-life balance.
What critics are saying
- The Federal Reserve's involvement in controversial areas like crypto regulation and monetary policy can lead to public scrutiny and pressure.
- The complexity and scale of its operations may result in slower adoption of new technologies, as seen with the FedNow system.
What makes The Federal Reserve System unique
- The Federal Reserve System stands out as the central bank of the United States, wielding unparalleled influence over national monetary policy and financial stability.
- Its role in supervising and regulating banks, alongside providing financial services to the U.S. government, sets it apart from other financial institutions.
- The Fed's introduction of innovative systems like the FedNow instant payments platform highlights its commitment to modernizing financial services.
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