Compensation Analyst Overview • The Compensation Analyst role focuses on supporting compensation programs, ensuring competitiveness, equity, and compliance with regulations. • Analyze market data and trends to provide actionable insights for compensation planning and decision-making. • Collaborate with HR and business leaders to develop compensation strategies that align with organizational goals. • Utilize advanced Excel skills for data manipulation, analysis, and reporting. • Support annual merit and bonus planning cycles, ensuring compliance with guidelines and budgets. • Prepare compensation models and reports to assist leadership in decision-making processes. • Ensure adherence to federal, state, and local compensation regulations and pay equity standards. • Participate in compensation-related projects and process improvements to enhance program effectiveness. Compensation Analyst Key Responsibilities & Duties • Conduct market pricing analyses using salary survey data and benchmarks to determine competitive compensation levels. • Evaluate job roles and classifications, ensuring internal equity and external competitiveness. • Support the administration of compensation structures, including salary grades and pay ranges. • Develop and maintain compensation dashboards and reports for workforce data analysis. • Assist in preparing materials for annual compensation planning and manager communications. • Collaborate with Talent Acquisition to provide market-competitive offer recommendations. • Monitor employee compensation to identify equity, compression, and alignment concerns. • Ensure compliance with applicable regulations and maintain documentation for compensation programs. Compensation Analyst Job Requirements • Bachelor's degree in Human Resources, Business Administration, Finance, Economics, Statistics, or related field required. • Minimum of 2 years of experience in compensation, HR, finance, analytics, or related field. • Advanced proficiency in Microsoft Excel, including formulas, pivot tables, and data analysis. • Experience with HRIS systems such as Workday, SAP SuccessFactors, or Oracle preferred. • Strong analytical and problem-solving skills with attention to detail and accuracy. • Knowledge of compensation principles, job evaluation methodologies, and salary survey practices. • Understanding of compensation regulations and pay equity concepts. • Excellent written and verbal communication skills for presenting recommendations clearly.