Compensation Analyst I

Compensation Analyst I

Labcorp is a global leader in laboratory services, providing the insights and answers that help healthcare providers, patients, researchers, pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science, data, technology and laboratory network, we advance diagnostics, accelerate innovation and help address some of the world's most important health challenges. As we shape the future of healthcare, we are leveraging advanced technologies, intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients. With our global scale and deep expertise, you'll have the opportunity to do meaningful work, grow your career and make a real impact on people's health around the world. Together, we're improving health and improving lives.

Labcorp is seeking a hybrid Compensation Analyst I to join our team in Durham, NC.

Schedule: Monday Friday, 8am-5pm (Eastern Time Zone)

This schedule includes a minimum of three in-office days per week and two days working remotely, supporting both collaboration and flexibility.

Responsibilities

• Participate in the administration and delivery of compensation programs
• Participate in the annual global compensation salary survey process
• Conduct job evaluations and market pricing
• Respond to compensation inquiries, ensuring on time delivery to HR and the business, adhering to high service levels and SLA requirements
• Support the development of salary increase proposals and promotions through data-driven analysis.
• Assist with research and analysis of compensation and reward programs
• Ensure compensation practices are in compliance with federal, state, and local regulations across all countries
• Conduct market research and benchmarking to support compensation programs and practices
• Provide support in the administration of salary planning, merit planning, and incentive programs
• Approve job/compensation-related actions in Workday
• Prepare compensation reporting and analyses
• Assist and support compensation-related projects, processes, and audits as needed

Minimum Qualifications

• Bachelor's degree
• 1 year of related experience in a HR, Finance, or analytical data-focused role

Preferred Qualifications

• Masters degree
• 1 year experience with HRIS Systems (ideally Workday), including running queries, accessing and manipulating data
• 1 year experience with job analysis and job evaluation.

Additional Job Standards:

• Strong problem-solving skills with demonstrated advanced proficiency in Excel (e.g. VLOOKUP, pivot tables, basic formulas).
• Strong analytical skills and attention to detail.
• Strong communication and interpersonal skills; presentation Fluency in English required,
• Desire to learn and take on new responsibilities
• Ability to handle sensitive data and maintain confidentiality.

The Compensation Analyst is an entry level compensation role responsible for transactional compensation actions and analytics, including requests from TA, HR, and the business. In this role, the incumbent will participate in salary surveys, job evaluations, and analytical assignments involving the development, implementation and administration of compensation programs.

All job offers will be based on a candidate's skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data.

Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan. Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan. Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO. For more detailed information, please click here.

Labcorp is proud to be an Equal Opportunity Employer: Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications and merit of the individual. Qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.

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