Compensation Analyst

City of Loveland•Loveland, CO

6d•Hybrid

About The Position

Under the direction of the Human Resources Manager, the Compensation Analyst plans, designs, develops, implements and evaluates the city’s compensation and classification programs. This position will be responsible for providing advice on compensation and classification methodologies using complex problem-solving and research initiatives in support of equitable salary structures and market competitiveness that is aligned with the compensation philosophy. The City is seeking a Compensation Analyst who thrives at the intersection of data, strategy, and people. This isn’t a back-office, numbers-only role. You’ll be a trusted advisor, a problem-solver, and a key partner in building compensation programs that are equitable, competitive, and clearly understood across the organization. You’ll help leaders make informed decisions, support employees in understanding their value, and ensure compensation practices are transparent, consistent, and aligned with the City’s goals.

Requirements

4 Year/Bachelors Degree in Business, Finance, Human Resources, Public Administration or related field. An equivalent combination of education and or experience may substitute for education requirements on a year for year basis.
3 years of experience in compensation analysis, job evaluation, and annual pay plan development.
Solid knowledge of compensation theory and best practices.
Strong analytical skills with a solid understanding of compensation analytics.
High degree of technical and business acumen.
Strong computer software applications experience, including HRIS systems, reporting software and intermediate to advanced use of spreadsheets and word processing programs.
Understand, interpret and apply the city’s personnel rules and regulations, city policies, FLSA, DOL and other applicable laws and regulations as they relate to compensation practices and procedures.
Demonstrated knowledge of human resource processes and procedures.
Demonstrated knowledge of salary surveys and pay studies.
Handle sensitive situations with tact and diplomacy.
Strong organizational skills and attention to detail required.
Must possess the ability to effectively communicate and interact with all levels of personnel within the City and the general public in a positive and professional manner.
Ability to exercise initiative and judgment as well as make decisions within the scope of assigned authority.
Ability to maintain a high level of confidentiality.

Nice To Haves

Certified Compensation Professional (CCP).

Responsibilities

Assist with planning, coordination, communication and execution of the annual pay plan updates.
Participate in and conduct formal and informal salary surveys.
Collects and analyzes salary data and prepares summary reports for both public and private sector market trends.
Prepare new job descriptions and evaluate changes to current job descriptions to determine if reclassification studies are necessary.
Analyze market data for job evaluations and reclassifications, ensuring consistency across the organization.
Assess jobs and their respective duties to determine classification as exempt or non-exempt and appropriate salary range.
Maintain and cultivate compensation contacts and conduct ad-hoc surveys and analysis.
Collect and analyze wage-related information.
Evaluate surveys and information to determine usefulness and quality.
Perform classification and reclassification studies. Make recommendations on job matches, conduct market pricing, and report results.
Collaborate with staff on position control for new or reclassified positions.
Answer compensation inquiries and advise staff on issues related to compensation.
Conducts desk audits, interviews, and market surveys to collect compensation data.
Provide supervisor training regarding compensation systems and practices.
Conduct and manage projects and audits related to compensation programs.
Accountable for maintaining and managing accuracy of compensation, job description and position data within HRIS software applications including HCM and compensation systems, and intermediate to advance ability to manage and customize data in MS Excel.
Ability to maintain a high level of confidentiality in all areas.
May participate in or assist with other HR programs as needed.
May attend work related off-site meetings, seminars, conferences or events.
Performs other duties as assigned.

Benefits

Two (2) Medical plans, Dental, Vision (for self/ spouse/ children)
A Dedicated, exclusive Employee Health and Wellness Center
Discounted Chilson Center passes
Paid vacation, holidays, floating holidays, and medical leave
Flexible spending including Dependent Care
Life Insurance, AD&D, Short-term and Long-term disability, and voluntary Critical Illness Coverage
Retirement 401a, 457, Roth (pre-& post tax) and company match
A Comprehensive Employee Assistance Program
Voluntary 529 College Invest program
Tuition Reimbursement
Employee Referral Program
Personal and Professional Development opportunities
Employee Recognition Program
Exceptional work-life balance
Market based pay & regular performance reviews
Local Government employment is eligible for Public Loan Forgiveness Program