The Compensation Analyst is responsible for supporting our business by conducting market and internal research to provide data-driven recommendations on compensation programs and their delivery. This role will partner with our global Human Resources teams to ensure alignment to our corporate compensation programs.
Essential Duties And Responsibilities
- Develops and recommends compensation objectives, policies, procedures, and programs.
- Conducts qualitative/quantitative analysis on compensation programs including annual market analysis, incentive analysis, job leveling, benchmark assessment, cost/benefit analysis, compliance, and pay equity.
- Assists with planning and implementation of the global merit review cycle and bonus review cycle from budget determination to completion.
- Evaluates job responsibilities, analyzes, and compares jobs, reviews applicable survey data, and establishes salary grades for jobs.
- Collaborates with HR Business Partners and hiring managers to establish competitive salary ranges for new hires, promotions, and internal transfers, and provide guidance to ensure alignment with market trends and internal equity principles.
- Maintains the job description library and ensures all job descriptions are up to date and appropriately graded.
- Develops and improves compensation-related reports and functionality in ADP.
- Performs routine audits of grade accuracy using market-driven surveys or data.
Knowledge, Skills & Abilities
- Systems-driven, analytical individual with experience using ADP is desirable.
- Thorough knowledge of compensation laws, principles, and practices.
- Advanced Excel skills (vlookups, pivot tables, etc.) required.
- Strong attention to detail.
- Ability to analyze large data files.
Education/Experience
- Bachelor’s degree (or equivalent) in HR, Business, or related field.
- Minimum of 3 years of compensation experience.
- Proficiency with HR systems (e.g. ADP) and the Microsoft Office Suite (Excel, Word, PowerPoint).