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We are looking for a detail-oriented Compensation Analyst to join our team in Memphis, Tennessee. In this role, you will play a critical part in analyzing and designing competitive and compliant compensation programs that align with organizational goals. The ideal candidate will collaborate with internal stakeholders to provide insights, recommendations, and support for compensation-related matters.
Job Responsibility:
Gather, analyze, and present data to support informed compensation decisions and recommendations
Ensure the organization’s compensation programs align with business objectives and industry standards
Conduct salary surveys, analyze market data, and evaluate job roles to maintain competitive compensation structures
Prepare cost analyses and projections for annual reviews, equity assessments, and other pay-related activities
Partner with internal teams to address compensation concerns, offer guidance, and develop tailored solutions
Collaborate with HR and department leaders to create career ladders and advancement opportunities for employees
Develop and update job descriptions to accurately reflect responsibilities and meet regulatory standards
Conduct job evaluations to determine appropriate grading, titles, and classifications
Support special projects and initiatives, ensuring timely delivery and compliance with relevant regulations
Stay informed about legislative changes and best practices in compensation to maintain compliance and effectiveness
Requirements:
Proven experience in compensation analysis, including salary surveys and market benchmarking
Strong analytical skills with the ability to interpret complex data and provide actionable recommendations
Knowledge of compensation-related laws and regulations to ensure compliance
Proficiency in compensation tools, systems, and methodologies
Excellent communication skills to effectively collaborate with internal stakeholders
Ability to manage multiple tasks and projects simultaneously while meeting deadlines
Familiarity with developing job descriptions and conducting role evaluations
Bachelor’s degree in Human Resources, Business Administration, or a related field is preferred