Compensation Analyst

This is a fully remote position, open to applicants in United States.

📋 Description

• Assisting in the development, execution, and oversight of the company's compensation initiatives.

• Evaluating compensation data, performing market analysis, and ensuring that compensation strategies are competitive and fair.

• Conducting assessments of compensation information to maintain internal consistency and external competitiveness.

• Carrying out market research and benchmarking, analyzing trends, and offering suggestions based on industry insights.

• Aiding in the creation, maintenance, and alignment of job families, salary ranges, and compensation structures with organizational objectives and market standards.

• Compiling and upholding accurate reports and data concerning compensation metrics, trends, and comparisons, ensuring data integrity across all systems.

• Ensuring adherence to federal, state, and local regulations, tracking changes and implementing necessary updates.

• Assisting in the design, management, and assessment of incentive and bonus programs, recommending enhancements.

• Offering guidance and addressing employee and management queries regarding pay structures, adjustments, and incentive programs with effective communication.

• Recognizing and executing process improvements to boost the efficiency and effectiveness of compensation operations.

• Collaborating with HR, finance, and other departments to ensure alignment of compensation practices with organizational goals.

⛳️ Requirements

• Bachelor’s degree in Human Resources, Finance, Business Administration, or a related discipline, or an equivalent mix of education and experience.

• Professional certification in compensation (e.g., CCP - Certified Compensation Professional) is advantageous but not mandatory.

• At least 2 years of experience in compensation analysis or a related area.

• Strong knowledge of compensation principles, practices, and regulations.

• Proficiency in compensation software and tools (e.g., PayScale, MarketPay, Compensate).

• Familiarity with Workday HCM, especially in compensation and/or benefits modules; experience in Workday implementation is a bonus.

• Understanding of total rewards programs, including benefits, wellness, and perks, with the capacity to integrate these into comprehensive compensation strategies.

• Excellent analytical abilities with the capacity to interpret complex data and deliver actionable insights.

• Strong communication skills, capable of presenting data and recommendations clearly to management and stakeholders.

• High level of integrity and discretion when managing confidential information.

• Ability to work independently as well as collaboratively within a team, managing multiple priorities in a fast-paced environment.

🏝️ Benefits

• Employee wellness programs

• Professional development opportunities