Compensation Analyst

Job TitleCore ResponsibilitiesAssess job requirements by conducting interviews with experts, analyzing completed questionnaires, and observing job tasks.Create and maintain comprehensive job descriptions, qualifications, and evaluation documents.Benchmark compensation for new hires to ensure alignment with market standards and internal equity.Evaluate and rank positions to ensure fair pay within the organization.Perform salary surveys and analyze compensation data to maintain competitive external pay practices.Assist in developing and maintaining pay structures, including calculating pay grades and salary ranges.Collect and analyze pay data to produce detailed compensation reports.Ensure compliance with Federal, State, and local regulations to prevent legal issues and assist others in doing the same.Review and align recommended pay raises and incentives with the budget, and notify supervisors of any discrepancies.Support and improve the performance evaluation process.Advise on strategies for employee retention and severance packages.Lead and support HR-related projects, managing the execution, communication, and delivery of key activities.Track trends in labor costs and develop or revise the labor cost budget as needed annually.Help develop strategies, policies, and documentation related to compensation programs to align with company values.Actively participate in ongoing improvement efforts to optimize compensation processes.Enhance knowledge of compensation practices through training and technical literature.Perform other duties as required.Required Qualifications and SkillsBachelor's degree in business is required, with a preference for Human Resources.Minimum of three years in Human Resources, including at least two years focused on compensation.Skilled in Microsoft Office [2007 or newer], with advanced expertise in MS Excel.Proven ability to manage projects effectively and meet deadlines consistently.Strong verbal, non-verbal, negotiation, and written communication abilities.High level of professionalism in interactions with both internal and external stakeholders.Excellent problem-solving, analytical, and organizational skills.Familiarity with short and long-term strategic development is preferred.