Compensation Analyst

Position: Senior HCM Analyst - (Compensation-Focused)


Location: Charlotte, NC: 4x/week onsite, 1x/week remote


Duration: 6 month contract with potential to convert


Job Summary

We are seeking an experienced Oracle HCM Compensation Analyst to support and administer enterprise compensation programs, including the annual compensation planning cycle, merit increases, bonus programs, and ongoing compensation operations. This role will be responsible for managing compensation worksheets, maintaining Fast Formulas, supporting performance-to-compensation alignment, and ensuring the accurate execution of compensation changes within Oracle HCM. The ideal candidate will have hands-on experience with the Oracle HCM Compensation module, a strong understanding of compensation processes and calculations, and the ability to partner with HR, Compensation, Talent Management, Finance, and business stakeholders. Experience with Fast Formulas is highly valued, as this individual will help maintain and enhance compensation business rules that drive planning and compensation decisions across the organization.


Day-to-Day Responsibilities

• Support the end-to-end annual compensation planning cycle, including merit increases, bonus programs, promotions, and pay adjustments.
• Administer and maintain Oracle HCM Compensation worksheets, ensuring accurate calculations, data integrity, and alignment with compensation guidelines.
• Manage the integration of performance review data from the Talent Management module and align employee performance ratings with corporate compensation matrices.
• Develop, maintain, troubleshoot, and enhance Oracle HCM Fast Formulas that support compensation calculations, eligibility rules, budgets, and planning processes.
• Configure and support compensation plans, budgets, guidelines, and approval workflows within Oracle HCM.
• Execute compensation processes to write approved merit increases, promotions, and compensation changes back to the Core HR module.
• Generate, validate, and distribute employee total compensation statements following compensation cycle approvals.
• Perform monthly compensation administration activities, including budget tracking, compensation forecasting, and reporting.
• Monitor compensation budgets and update forecasts to reflect promotions, transfers, and compensation changes throughout the year.
• Develop and maintain compensation reports, audits, and data validations to ensure accuracy and compliance.
• Partner with HR, Compensation, Talent, Finance, and business leaders to resolve compensation-related issues and support compensation planning initiatives.
• Analyze compensation data and provide recommendations to improve process efficiency, data quality, and reporting capabilities.
• Support testing efforts, system enhancements, Oracle quarterly releases, and compensation-related projects.
• Maintain compensation spreadsheets and complex calculations used for planning, budgeting, and analysis.

Qualifications

• Bachelor's degree in Human Resources, Business, Information Systems, Finance, or a related field, or equivalent work experience.
• 3+ years of experience supporting compensation programs and compensation administration.
• Hands-on experience with the Oracle HCM Compensation module.
• Experience developing, maintaining, or supporting Oracle HCM Fast Formulas.
• Strong understanding of compensation planning processes, including merit increases, bonus programs, promotions, and salary adjustments.
• Experience working with compensation worksheets, budgets, and compensation calculations.
• Advanced Microsoft Excel and spreadsheet management skills, including complex formulas and data analysis.
• Experience working with HR, Compensation, Talent Management, and Finance stakeholders.
• Strong analytical, problem-solving, and data validation skills.
• Excellent communication and stakeholder management abilities.

Everforth Apex is a world-class IT services company that serves thousands of clients across the globe. When you join Everforth Apex, you become part of a team that values innovation, collaboration, and continuous learning. We offer quality career resources, training, certifications, development opportunities, and a comprehensive benefits package. Our commitment to excellence is reflected in many awards, including ClearlyRateds Best of Staffing® in Talent Satisfaction in the United States and Great Place to Work® in the United Kingdom and Mexico.

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Everforth Apex Benefits Overview: Everforth Apex offers a range of supplemental benefits, including medical, dental, vision, life, disability, and other insurance plans that offer an optional layer of financial protection. We offer an ESPP (employee stock purchase program) and a 401K program which allows you to contribute typically within 30 days of starting, with a company match after 12 months of tenure. Everforth Apex also offers a HSA (Health Savings Account on the HDHP plan), a SupportLinc Employee Assistance Program (EAP) with up to 8 free counseling sessions, a corporate discount savings program and other discounts. In terms of professional development, Everforth Apex hosts an on-demand training program, provides access to certification prep and a library of technical and leadership courses/books/seminars once you have 6+ months of tenure, and certification discounts and other perks to associations that include CompTIA and IIBA. Everforth Apex has a dedicated customer service team for our Consultants that can address questions around benefits and other resources, as well as a certified Career Coach. You can access a full list of our benefits, programs, support teams and resources within our 'Welcome Packet' as well, which an Everforth Apex team member can provide.

Everforth Apex Systems is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), age, sexual orientation, gender identity, national origin, ancestry, citizenship, genetic information, registered domestic partner status, marital status, disability, status as a crime victim, protected veteran status, political affiliation, union membership, or any other characteristic protected by law. Everforth Apex will consider qualified applicants with criminal histories in a manner consistent with the requirements of applicable law.

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