Compensation Analyst – Contractor

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

📋 Description

• Align Velotic positions with Radford Global Compensation Survey benchmarks and other recognized market resources, documenting the reasoning and confidence behind matches.

• Extract and update market data by job, level, and country, utilizing approved peer scope and market positioning.

• Create market pricing summaries for new positions, job offers, promotions, and retention scenarios.

• Develop and model salary structures by grade and country.

• Evaluate employee placement against new ranges, including compa-ratio, range penetration, and the cost to bring employees to minimum pay.

• Prepare and verify range data for Workday.

• Assist in mapping current roles into the Velotic Career Level Framework across career tracks and grades.

• Maintain job catalog files, job code mapping, and title alignment records.

• Create materials for leveling sessions and monitor outstanding decisions.

• Collect, cleanse, and validate employee and job data for the annual Radford submission.

• Conduct job matching and level assignment while addressing data discrepancies with HR and Payroll.

• Oversee submission timelines, vendor inquiries, and post-submission validation processes.

• Develop models and scenario analyses for merit, promotion, and market adjustment budgets.

• Analyze pay equity, internal alignment, and compensation positioning.

• Generate dashboards and summary reports for Total Rewards and HR leadership.

• Calculate annual incentive payouts and manage proration.

• Reconcile payout files with Finance and Payroll while maintaining an audit trail.

• Assist with year-end reflection and annual compensation cycles, including manager worksheets and guidelines.

• Configure and test compensation review data in Workday.

• Provide support to managers and HR Business Partners throughout the compensation cycle.

• Conduct quality checks, flag exceptions, and prepare final files for approval and Payroll.

• Address ad hoc compensation requests and analyses.

• Document processes, templates, and data sources for transition to permanent team members.

⛳️ Requirements

• Bachelor’s degree in Human Resources, Business, Finance, Economics, or a related discipline, or equivalent experience.

• Minimum of 5 years of experience in compensation analysis.

• Practical experience with job matching and market pricing using Radford or similar surveys (Mercer, WTW, Korn Ferry).

• Proficient in developing salary structures, merit and bonus models, and compensation cycle documentation.

• Advanced Excel skills, including lookups, pivot tables, and scenario modeling.

• Strong attention to detail and a methodical approach to data validation and audit trails.

• Ability to manage confidential data with discretion.

• Preferred: Experience in global or multi-country compensation across the Americas, EMEA, and APAC.

• Preferred: Familiarity with Workday Advanced Compensation.

• Preferred: Involvement in job architecture or leveling projects.

• Preferred: Background in a private equity-backed, merger, or carve-out environment.

• Preferred: Experience in software or technology firms.

• Preferred: Certified Compensation Professional (CCP) or progress towards certification.

• Working hours should overlap with US Central Time and Eastern business hours for essential meetings.

🏝️ Benefits

• Competitive benefits, compensation, and long-term impact.

• 401(k) with employer match (50% up to 8%).

• Medical, dental, and vision insurance.

• Health Savings Account (HSA) with company contribution.

• Life and AD&D insurance (2x salary, up to $1 million).