Compensation Analysts
About The Position
Compensation Analysts Develop and analyze the organization’s compensation program. Assist in the design and implementation of base pay structures, incentive programs, and equity plans that reflect the organization’s compensation philosophy. Evaluate, benchmark, and market price jobs. Analyze compensation data and recommend salary grades. Create reports as needed. Ensure job descriptions are kept current. Assist in the administration of performance review or merit-rating programs. Review proposed salary increases and provide feedback based on analysis of the labor market and internal equity. Analyze and forecast the cost of compensation programs. Ensure programs align with business objectives and comply with all applicable laws and regulations. Participate in market surveys. Depending on your unique circumstances, you may qualify for one of the levels within this career progression. Please see the details below.
Requirements
- Compensation Analyst, I: Requires a bachelor’s (or equivalency) with up to 2 years of directly related work experience or a master’s degree.
- Compensation Analyst, II: Requires a bachelor’s (or equivalency) + 4 years or a master’s (or equivalency) + 2 years of directly related work experience.
- EQUIVALENCY STATEMENT : 1 year of higher education can be substituted for 1 year of directly related work experience. (Example: bachelor’s degree = 4 years of directly related work experience.)
Nice To Haves
- QUALIFICATIONS PREFERRED BY DEPARTMENT :
Responsibilities
- Develop and analyze the organization’s compensation program.
- Assist in the design and implementation of base pay structures, incentive programs, and equity plans that reflect the organization’s compensation philosophy.
- Evaluate, benchmark, and market price jobs.
- Analyze compensation data and recommend salary grades.
- Create reports as needed.
- Ensure job descriptions are kept current.
- Assist in the administration of performance review or merit-rating programs.
- Review proposed salary increases and provide feedback based on analysis of the labor market and internal equity.
- Analyze and forecast the cost of compensation programs.
- Ensure programs align with business objectives and comply with all applicable laws and regulations.
- Participate in market surveys.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
