Compensation Analyst Jobs

About The Position

Requirements

• Bachelor’s degree in Human Resources, Business, Finance, or a related field.
• 2+ years of Compensation work experience required.
• Advanced proficiency in Microsoft Excel and PowerPoint. Intermediate level of proficiency in Microsoft Word.
• Experience with human capital management systems, preferably UKG.
• Strong verbal and written communication skills to partner with all levels of Human Resources, leaders, and team members.
• Commitment to high quality of work and excellent customer service.
• Ability to work independently and handle multiple projects and competing priorities.
• Ability to solve problems with sound judgment.
• Ability to understand and analyze data to tell a story.
• Ability to identify process improvements and take initiative to develop, implement, and document new and improved processes.
• Knowledge of Fair Labor Standards Act (FLSA) and other regulatory requirements of compensation.

Responsibilities

• Participate and support the administration of salary and variable pay programs including annual pay for performance merit review process, incentive plans, and market-based adjustments.
• Assist with compensation projects and may own or lead a workstream of the project.
• Evaluate and price jobs using market data to provide recommendations that meet business needs and internal equity. Present information and make changes regarding job matches and pricing strategies.
• Audit and process variable and incentive pay programs and create team communications. Follow approval flow ensuring that approval signatures are received and the incentive is routed to the appropriate team for payment.
• Own the salary survey completion process. Provide support in data gathering, analysis, job matching, and completing survey materials. Review survey data and provide a high-level analysis of impacts and proactive communications and recommendations.
• Ensure updated compensation data is updated in vendor software. Review gaps in survey data, research potential new sources of data, and provide recommendations to HR leadership.
• Edit and maintain job descriptions, ensuring all required approvals are obtained and maintained within electronic files.
• Understand compliance policies, practices, and procedures and escalate concerns to leaders.