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The Compensation Analyst is responsible for analysis, maintenance, and implementation of the company’s compensation programs. This role involves conducting market research and survey participation, evaluating jobs, maintaining compensation systems, and supporting efforts to ensure that the company’s compensation practices are competitive and compliant with legal requirements.
Job Responsibility:
Conduct market research and analysis to determine competitive compensation practices
Evaluate jobs and positions to ensure internal equity and external competitiveness
Assist in evaluating and maintaining career/job level architecture and job families
Assist in the developing and implementing compensation policies and procedures
Assist in maintaining company short- and long-term incentive programs
Prepare and present reports on compensation analysis and recommendations
Collaborate with HR and management to address compensation-related issues
Ensure compliance with federal, state, and local compensation laws and regulations
Participate in salary surveys, analyze survey data to benchmark company positions, and maintain market evaluation datasets
Support the annual compensation review process, including salary adjustments, bonus, and equity distributions
Requirements:
Bachelor's degree (or equivalent knowledge) in Human Resources, Business Administration, Finance, or a related field
One year of experience in compensation analysis or a related HR role
Demonstrated critical thinking, research, analytical, and quantitative skills
Strong attention to detail, ability to draw conclusions, summarize results, and make effective decisions when working with large data sets from multiple sources
Proficiency in MS Office applications. Highly proficient with Excel
Demonstrated understanding of the laws and regulations that affect human resources and compensation
Ability to handle confidential information with discretion
Excellent verbal, interpersonal, and written communication skills necessary to interact with staff at all levels of the organization
Nice to have:
Experience using HR technology such as Workday, Oracle Cloud HR, or SAP/SuccessFactors
Experience using compensation administration software such as BetterComp, MarketPay, PayFactors, CompAnalyst, etc.
Experience delivering both compliance-based and consultative compensation solutions to internal clients
Global compensation experience to include Canada, China, India, Mexico, and Europe