Compensation Analyst

Hims & Hers•,

27d•$100,000 - $130,000

About The Position

The Compensation Analyst is an integral member of Hims & Hers’ Total Rewards team. The role supports the design, implementation, and administration of compensation programs, policies, and procedures to ensure compensation strategies support and reinforce business strategies. This is a six-month temporary role reporting to the Senior Manager, Compensation. The analyst evaluates jobs and compensation data, advises management on compensation programs and initiatives, supports salary administration and variable pay plans, and helps maintain accurate compensation and HR data. The position also collaborates with HR, Payroll, and cross-functional teams on annual merit increases and other projects, and handles day-to-day compensation inquiries.

Requirements

Bachelor’s degree.
Four to six years of related experience.
Knowledge of compensation principles and procedures.
Ability to analyze information by breaking down data into separate parts to identify underlying principles, reasons, or facts.
Ability to complete assignments accurately and with attention to detail.
Intermediate to advanced Excel and Google Sheets skills.
Effective oral and written communication skills.

Responsibilities

Perform job evaluations, compensation benchmarking, and data collection to assess internal equity, external competitiveness, and legal compliance of pay practices.
Review job duties and assess positions to determine scope, grade, classification, and market value for new roles and requests involving compensation increases, structures, grades, or titles.
Provide analysis and counsel to management on pay structures, incentives, pay-change recommendations, new-hire offers, and wage-and-hour regulations.
Evaluate and implement process efficiencies.
Examine compensation trends and develop recommendations to support business initiatives.
Assist with development and implementation of salary administration, compensation policies, and variable pay plans, including merit, incentives, bonuses, and equity awards.
Support annual merit increases and similar projects in collaboration with HR, Payroll, and cross-functional teams.
Compile salary survey submissions, perform job matching, maintain and administer the market pay system, validate market and internal data, and conduct regular audits.
Serve as a main contact for day-to-day compensation matters, including monitoring and responding to a functional email inbox.
Maintain and update the job description library and job data in appropriate HR systems for new and changed roles, ensuring consistency across functions.
Maintain the integrity of HR data tools through accurate and consistent data entry, regular audits, and resolution of data concerns.
Coordinate and assist with human resources projects, programs, and special assignments.
Develop, analyze, and maintain complex Excel reports to support data analysis.