Compensation Analyst (Remote)

Businessolver

10h • Remote

About The Position

Since 1998, Businessolver has delivered market-changing benefits technology and services supported by an intrinsic responsiveness to client needs. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver's unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight.
The Compensation Analyst is responsible for researching, analyzing, and administering compensation programs to ensure an organization remains competitive in attracting and retaining talent. This role involves evaluating job positions, participating in salary surveys, and providing data-driven recommendations on pay structures, and various incentives.
This position will work closely with Engagement Business Partners and business leaders to align compensation objectives and efforts along with providing consultation, advice and guidance in support of business goals.

Requirements

• Bachelor’s degree in Business, Accounting, Finance preferred
• 0-3+ years of experience in compensation analysis required
• We are open to recent (and soon to be) graduates
• Strong analytical skills with proficiency in data analysis tools such as Excel, HRIS systems, and compensation software.
• Knowledge of compensation principles, market pricing, and job evaluation methodologies.
• Excellent communication and interpersonal skills for conducting interviews and presenting findings to stakeholders.
• Ability to handle sensitive information with discretion and maintain confidentiality.
• Detail-oriented with a focus on accuracy in reporting and compliance.
• Ability to multi-task and work independently in a fast-paced environment.

Responsibilities

• Provide support to HR and business professionals on the execution, implementation, and administration of compensation programs and policies to help attract, retain, and motivate employees.
• Applies knowledge and expertise in compensation best practices to ensure company competitive pay position to market while following Businessolver’s compensation philosophy and pay guidelines.
• Perform complex analytical studies in a variety of compensation areas, such as internal equity, competitive pay practices, incentive compensation, and emerging trends.
• Conduct research, evaluation and analyses of internal and external market research, analyze competitive position and market trends and make recommendations for base salary structures, promotional adjustments, market adjustments, new hire job offers, and/or variable pay programs, as needed.
• Perform market reviews, pay equity analyses, and studies for external benchmarking to support fair and equitable pay practices.
• Build various compensation models, prepare written exhibits, summaries and recommendations for market adjustments and special pay programs. Gives presentations on compensation programs to management and employee groups.
• Participates in compensation survey benchmarking, input, and reporting.
• Partners with external survey vendors to ensure requirements and deadlines are met.
• Support other Total Rewards projects on an as-needed basis.

Benefits

• If this position is full-time or part-time benefit eligible, you will receive a comprehensive benefits package which can be viewed here: https://businessolver.foleon.com/bsc/job-board-businessolver-virtual-benefits-guide/

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level