Compensation Analyst

Overview

• Collaborate with HR and finance teams to design and implement effective compensation strategies aligning with organizational goals.
• Perform market research and benchmarking to ensure competitive and equitable pay practices across all roles.
• Analyze compensation data to identify trends and provide actionable insights on pay equity and market alignment.
• Develop comprehensive reports and dashboards to support strategic decision-making and program oversight.
• Ensure compliance with labor laws, internal policies, and established compensation guidelines.
• Act as a trusted advisor for compensation-related inquiries, providing guidance and escalating complex matters as needed.
• Contribute to special projects and continuous improvement initiatives within the Total Rewards function.
• Support the development and maintenance of compensation structures and policies to drive organizational success.

Key Responsibilities & Duties

• Administer compensation programs, including salary review cycles and job evaluations, ensuring accurate execution and alignment with organizational goals.
• Conduct salary benchmarking analyses and evaluate survey data to support competitive compensation practices.
• Analyze internal data to identify trends and provide recommendations for pay equity and market alignment.
• Develop and distribute compensation reports and dashboards for program oversight and decision-making.
• Ensure compliance with labor laws, internal policies, and established guidelines.
• Maintain accurate compensation records within HR systems and reporting platforms.
• Collaborate with HR, Finance, and cross-functional teams to ensure data integrity and process alignment.
• Provide guidance on routine compensation inquiries and escalate complex matters appropriately.
• Support special projects and continuous improvement initiatives within the Total Rewards function.

Job Requirements

• Bachelor’s degree in Business Administration or related field required.
• Minimum of 2 years of experience in compensation or HR analytics, with 3 years preferred.
• Proficiency in compensation principles, including salary structures, pay equity, and market benchmarking practices.
• Advanced Microsoft Excel skills for analyzing datasets and building reports.
• Familiarity with HRIS platforms like Workday, ADP, or SAP preferred.
• Strong analytical skills with the ability to interpret complex data and provide actionable insights.
• Excellent written and verbal communication skills for translating technical information into understandable insights.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Demonstrated professionalism and discretion in handling confidential information.