Compensation Analyst
ENFRA LLC•Little Rock, AR
•$60,084 - $80,267
About The Position
The Compensation Analyst assists with the administration of one or more organizational compensation programs and conducts analysis and interpretation related to those programs. The role maintains compensation data, supports pay decisions with market research and analysis, processes salary changes, and helps ensure compensation practices comply with applicable laws and regulations. It also supports job evaluation, compensation reporting, and responses to employee and manager inquiries.
Requirements
- Bachelor's degree in Human Resources, Business Administration, or a related field.
- At least 2 years of experience in compensation administration or a related HR role.
- Proficiency in Microsoft Office Suite, particularly Excel.
- Experience with HR information systems (HRIS).
- Strong analytical skills and ability to interpret data.
- Excellent communication and interpersonal skills.
- Knowledge of employment laws and regulations related to compensation.
Responsibilities
- Maintain and update employee compensation data in the HR information system (HRIS).
- Conduct regular data audits to identify and resolve discrepancies.
- Prepare reports on compensation trends and analysis for management review.
- Conduct salary surveys and research industry compensation benchmarks to inform pay decisions.
- Analyze market data to identify potential salary gaps and recommend adjustments.
- Prepare presentations summarizing market insights for leadership.
- Process salary changes, including merit increases, promotions, and adjustments based on performance evaluations.
- Collaborate with HR Business Partners to determine appropriate salary ranges for new positions.
- Calculate and administer salary adjustments for cost-of-living adjustments or other company initiatives.
- Ensure adherence to federal, state, and local compensation laws and regulations.
- Monitor and update compensation practices to maintain compliance with changing regulations.
- Assist in the job evaluation process to ensure accurate job grading and salary positioning.
- Review and update job descriptions to reflect current responsibilities and market demands.
- Generate reports on compensation metrics such as average salary, salary distribution, and pay equity.
- Analyze compensation data to identify trends and make recommendations for adjustments.
- Provide support and answer compensation-related inquiries from employees and managers.
- Collaborate with HR team members to ensure smooth integration of compensation practices with other HR functions.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
