Analyst, Compensation

Ross Stores; Dublin, Northern (CA, KY); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health insurance

Job summary

Ross Stores is seeking a Compensation Analyst to provide analytical support for pay programs, including base pay, salary surveys, and incentive design. You will analyze jobs, price them against market data, and help maintain equity and competitiveness.

Responsibilities include leading annual compensation planning, updating salary structures, reviewing pay actions, and ensuring compliance with laws. Hybrid work arrangement with office presence required.

Qualifications

• 3+ years progressive analytical experience in Compensation, finance, or HR
• CCP or coursework toward CCP preferred
• Advanced Excel skills including macros, v-lookups, pivot tables
• Strong data synthesis and analytical capabilities
• Experience querying and working with large datasets
• Experience with job evaluation and market pricing methods preferred
• Excellent interpersonal, verbal, and written communication skills at all levels
• Ability to build relationships with HR partners
• Strong organizational and project management skills in fast-changing environments
• Ability to handle extremely confidential information

Responsibilities

• Analyzes, documents, and evaluates new and revised jobs to develop job descriptions and recommend grade level and FLSA status using market data and internal comparisons
• Leads annual compensation planning processes (Focal), including salary structure updates and merit increase implementation
• Reviews pay action requests for conformance to guidelines and researches outside guidelines
• Performs competitive pay analysis and modeling for merit and incentive programs
• Prepares and analyzes salary survey data submissions and uses results to determine competitive position
• Formulates recommendations on compensation guidelines, salary structure, and geographic differentials
• Maintains compensation data in HRM system and market data tools
• Monitors minimum wage laws and impact on compensation cost
• Ensures compliance with compensation laws and regulations
• Other projects as assigned

Skills

Analytical skills

Data analysis

Communication skills

Problem solving

Project management

Confidentiality

Education

Bachelor’s degree

Tools

Excel

PowerPoint

Word

Job description

GENERAL PURPOSE

To provide analytical and other professional level support to the compensation function. Support management in the design, development, implementation and administration of pay programs including base pay, salary administration, salary surveys, job descriptions and evaluations, salary/market pricing analysis, and incentive programs. This position will proactively handle day-to-day compensation program administration.

ESSENTIAL FUNCTIONS

• Analyzes, documents, and evaluates new and revised jobs to develop job descriptions and recommend appropriate grade level and FLSA status using market data and internal comparisons to ensure external competitiveness and internal equity.
• Leads annual compensation planning processes (Focal), including salary structure updates, merit increases implementation, and incentive awards modeling.
• Reviews requests for pay actions, including promotions and salary equity adjustments, for conformance to guidelines, policies, and practices. Performs market research and makes recommendations relating to requests outside of pay guidelines.
• Performs competitive pay analysis and modeling in support of merit and incentive programs and ongoing job evaluation needs.
• Prepares and analyzes salary survey data submissions. Uses results from survey data to determine organization’s competitive position.
• Formulates recommendations regarding development and maintenance of compensation guidelines, salary structure, merit increase budget and geographic differentials to maintain competitive position in the market.
• Supports the maintenance and update of compensation related data in the HRM system, the market data tool, and the compensation planning tool.
• Monitors minimum wage laws in jurisdictions where the company operates and reviews impact of changes on compensation cost.
• Monitors compensation practices and ensures compliance with laws and regulations and advises management of regulatory changes.
• Other projects and duties as assigned

ESSENTIAL FUNCTIONS (cont.)

COMPETENCIES

• Plans, Aligns & Prioritizes
• Leading by Example
• Communicates Effectively
• Business Acumen
• Ensures Accountability & Execution
• Organizational Agility
• Collaboration
• Manages Conflict

QUALIFICATIONS & SPECIAL SKILLS REQUIRED

• 3+ years progressive analytical experience, preferably within Compensation, finance, or other HR discipline
• CCP or course work completed towards CCP preferred
• Excellent PC skills including Microsoft Office (Excel, Word, and PowerPoint) with extensive advanced Excel experience preferred (macros, v-lookups, pivot tables, and other advanced functions)
• Advanced analytical skills with the ability to synthesize data to support findings and recommendations
• Experience querying and working with large datasets
• Experience with job evaluation and market pricing methods preferred
• Strong problem-solving and research skills
• Excellent interpersonal, verbal, and written communication skills at all levels of the organization
• Ability to build relationships with Human Resources partners
• Strong organizational and project management skills, along with the ability to succeed in a fast-changing business environment and understand the need for urgency
• Ability to manage conflicting priorities under tight deadlines with an ability to take ambiguity in stride
• Flexible and proactive problem solver adept at achieving results in a team-oriented and collaborative environment, with dual ability to function effectively working independently
• Ability to handle extremely confidential information in a professional and discreet manner

EDUCATION / CERTIFICATIONS

• Bachelor’s degree required

PHYSICAL REQUIREMENTS

Job requires ability to work in an office environment, primarily on a computer

Requires sitting, standing, walking, hearing, talking on the telephone, attending in-person meetings, typing, and working with paper/files, etc

Consistent timeliness and regular attendance

Vision requirements: Ability to see information in print and/or electronically

This role requires regular in-office presence, including to engage in in-person team interaction, meetings and collaboration, client support, mentoring, coaching, and/or feedback

However, this role can perform duties effectively using a combination of in-office and remote work

SUPERVISORY RESPONSIBILITIES

None