Compensation Analyst

Support Center - Irving The Compensation Analyst is responsible for analyzing, maintaining, and processing core compensation program elements in support of company initiatives and organizational needs. The Analyst is accountable for competitive market analysis and survey submissions, supporting fair pay practices, program administration, and the clear communication of compensation programs. This role assists in various elements of plan design to ensure external competitiveness and internal equity as we partner to attract, engage, and retain outstanding talent. The ideal candidate is an analytical-minded self-starter who is eager to dive right in and make an immediate impact on the Global Total Rewards and Compensation team. Major Activities & Responsibilities Market Pricing & Salary Administration: Conduct job analysis, evaluation, salary administration, and FLSA assessments to determine appropriate salary grades, ranges, and pricing based on internal and external equity. Survey Management: Complete survey submissions for annual and ad hoc market surveys, and utilize results for salary planning, salary structures, and job evaluations. Minimum Wage Ownership: Own the monitoring, tracking, and implementation of federal, state/provincial, and local minimum wage changes to ensure continuous organizational compliance across all locations. Retail Store Offer Support: Partner closely with Talent Acquisition and HR Business Partners to review, analyze, and provide competitive, equitable compensation recommendations for Retail Store offers. Audits: Conduct internal peer equity audits to identify potential pay disparities, ensure consistent pay practices, and support internal equity. Perform various weekly compensation audits to ensure operational compliance. Systems & Data Integrity: Assist in the maintenance of compensation-related data—including job profiles, salary structures, incentive plans, reporting, and validation—in Workday and other internal systems of record. Reporting & Analysis: Generate ad-hoc reports and analytics as requested, including average pay performance, minimum wage impacts, compression analysis, and compensation change reports. Annual Cycles & Variable Pay: Assist with variable pay programs such as, but not limited to, Bonus, Merit, and Commission plans. Minimum Education BS, BA, or graduate degree in business (or a related field), or equivalent work experience. Minimum Special Certifications Or Technical Skills Proficient in Excel Minimum Type Of Experience The Job Requires 2-4 years of related Compensation experience in HR, with a working knowledge of a wide range of HR practices—preferably within a Compensation or highly analytical environment. Core Competencies & Skills Analytical Mindset: High degree of accuracy, confidentiality, and timeliness when managing assigned projects. Autonomy: Demonstrated ability to work independently, manage competing priorities, and assume personal responsibility for deliverables. Technical Skills: Proficiency in Microsoft Excel for data modeling and analysis. Preferred Special Certifications Or Technical Skills Certifications: Certified Compensation Professional (CCP) designation is a plus. Systems: Working knowledge of Workday and Payfactors. Industry: Previous retail industry experience is preferred. Preferred Type Of Experience The Job Requires Previous retail experience is a plus Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job. At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.comandMichaels.ca.The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 401(k) with employer match, an Employee Assistance Program, medical, dental, and vision coverage, telemedicine services, flexible spending accounts, commuter benefits, tuition assistance, adoption assistance, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and access to partner discount programs. For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit MIKBenefits.com Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together. Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL). #J-18808-Ljbffr