About the position
As a Senior Compensation Analyst in the HR function, you will drive the optimization of compensation processes, utilizing data analytics to deliver strategic insights that support the design, implementation, and management of comprehensive compensation programs for USA and Canada, including Puerto Rico. This role involves evaluating internal and external compensation data, ensuring pay equity, efficiently administering compensation practices, and contributing to the design of competitive and equitable compensation structures. This hybrid role reports into our Compensation Lead and is based out of the New Jersey or New Jersey Support Office.
Responsibilities
- Analyze external salary data to make informed recommendations on salary ranges and adjustments and perform geographical cost of living and cost of labor analysis
- Leverage data analytics to evaluate the impact and effectiveness of compensation programs, providing actionable, data-driven insights and strategic recommendations for continuous improvement
- Support in preparing comprehensive reports and presentations to senior leadership, highlighting compensation trends, market benchmarks, and program performance to inform decision-making and align with organizational objectives
- Evaluate and classify positions within the organization based on job responsibilities, skills, and market data
- Conduct job evaluations and market pricing for positions across all levels, ensuring alignment with internal structures and external benchmarks
- Support the education and training of HR partners on best practices and strategic approaches to merit increases, promotions, and other compensation adjustments, ensuring alignment with organizational goals, pay equity standards, and market competitiveness
- Provide mentorship and guidance to Compensation Analyst, supporting their development in compensation practice
- Manage the implementation of the annual compensation planning process
- Collaborate with HR stakeholders to identify process improvement opportunities and define ownership of responsibilities across the team, driving efficiency and alignment with organizational goal
- Lead compensation programs analysis related to bonuses and incentives
- Identify opportunities to align job descriptions with internal and external market practices
- Stay abreast of regulations and laws for USA, Canada and Puerto Rico related to compensation and ensure that compensation practices comply with all relevant laws and regulations
- Coordinate project planning for scheduled and ad hoc initiatives
- Conduct analyses to ensure pay equity within the organization, identifying and addressing any disparities and collaborate with HR and leadership to develop strategies for maintaining equitable pay practices
Requirements
- 2-4 years' experience in compensation analysis, job evaluation, and market pricing
- Strong proficiency in data analysis tools and intermediate to advanced skills with Microsoft Excel
- Familiarity with compensation survey methodologies and participation
- Enthusiastic, curious and driven to learn
- Ability to handle sensitive and confidential information with discretion
- Knowledge of compensation laws, regulations, and best practices, particularly for USA, Canada, and Puerto Rico
Benefits
- Health insurance
- Wellness and family support programs
- Company match 401k
- Paid leave programs
- Paid time off, including a community day to serve your local community
- Employee discount at H&M, & Other Stories, and COS
