Compensation Analyst

Job Description:

• Applies knowledge of compensation principles, processes, and best practices to support compensation programs (e.g., base pay, annual incentive plans, etc.) that aid in talent attraction and retention.

• Collaborates with Compensation team members and HR Partners to complete work.

• Provides support during the company’s annual review process by assisting with a variety of activities (e.g., developing and testing program guidelines; reviewing proposed recommendations to guidelines, budgets, and internal consistencies; analyzing and developing pay recommendations for a workforce, etc.).

• Gathers and analyzes internal and external compensation data to make data-based decisions and recommendations regarding compensation-related topics, projects, including the annual market benchmarking process.

• Seeks knowledge on the evolving regulatory environment, pay equity, and other areas related to compensation.

• Writes and organizes documentation for compensation-related decisions and/or projects.

• Supports compensation proposals, including title and/or salary adjustments in conformance with established policies and procedures.

• Collaborates with Talent Acquisition in developing competitive compensation packages for prospective candidates.

Level of Responsibility:

• Works under supervision.

• Decision-making may affect work beyond immediate work group.

• Requires verbal and written communication skills to convey basic, routine factual information.

• Works within the prescribed budgetary objectives of the department.

• Tasks require multiple steps which can be performed in various orders; some planning, problem-solving, and prioritization must occur to complete the tasks effectively.

Top 5 Skills:

· Intermediate to Advanced Microsoft excel/analytical

· Experience participating in compensation benchmarking, compensation survey and result analysis. (Mercer, Radford, Aon-Hewitt etc survey vendors)

· 2-3 yrs experience customer/employee inquiry management.

· Advanced communication skills- be comfortable communicate complex compensation program/policy elements.

Technologies:

· Experience working in Workday and ServiceNow.

Required Education and Years of Experience:

• Bachelor's degree and 2+ years of Compensation, Human Resources, Finance, or related work experience.

OR

Associate's degree and 4+ years of Compensation, Human Resources, Finance, or related work experience.

OR

High School Diploma or equivalent and 6+ years of Compensation, Human Resources, Finance, or related work experience.