Compensation Analyst I

Labcorp•Durham, NC

5d•Hybrid

About The Position

Labcorp is seeking a hybrid Compensation Analyst I to join our team in 10 Moore Drive, Durham, NC. This role is responsible for transactional compensation actions and analytics, including requests from TA, HR, and the business. The incumbent will participate in salary surveys, job evaluations, and analytical assignments involving the development, implementation, and administration of compensation programs. Labcorp is a global leader in laboratory services, providing insights and answers to healthcare providers, patients, researchers, pharmaceutical companies, and health systems. They advance diagnostics, accelerate innovation, and address global health challenges using science, data, technology, and a laboratory network. Labcorp is leveraging advanced technologies, intelligent digital solutions, and data-driven innovation to enhance operations and deliver greater value.

Requirements

Bachelor’s degree Accounting, Finance, Human Resources, Economics, or related field
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.

Nice To Haves

Masters degree in Accounting, Finance, Human Resources, Economics, or related field
1 year of related experience in a HR, Finance, or analytical data-focused role
1 year experience with HRIS Systems (ideally Workday), including running queries, accessing and manipulating data
1 year experience with job analysis and job evaluation.

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