Compensation Analyst

TJX; Marlborough (MA); On-site; USD 71,000 - 89,000; Full time

Benefits offered by this job

Associate discount

401(k) match

medical/dental/vision

HSA

health care FSA

life insurance

short/long-term disability

paid holidays/vacation /sick/bereavern

EAP

incentive programs for management

auto/home insurance discounts

tuition reimbursement

scholarship program

adoption/surrogacy assistance

smoking cessation

child care/cell phone discounts

pet/legal insurance

credit union

referral bonuses

Job summary

TJX Companies is hiring a Compensation Analyst to support analytical design, administration, and delivery of diverse compensation programs. You will act as an internal consultant to help attract, retain, and reward Associates while ensuring cost effectiveness.

You will collaborate with Finance, Payroll, HRIS, IT, Legal, and other partners, contribute to salary planning, incentive programs, and executive compensation data. A strong analytical mindset and proficiency in Excel are essential.

Qualifications

• Bachelor’s Degree or equivalent.
• 1–3 years of experience in compensation administration or similar analytical role.
• Strong analytical skills with attention to detail and ability to work in a fast-paced environment.

Responsibilities

• Communicate and educate internal partners on total rewards philosophy and policy.
• Collaborate with global team members on base pay and incentives.
• Provide compensation consulting for new hires, promotions and transfers.
• Participate in salary planning, structure reviews, merit and bonus plan administration.
• Support executive compensation programs with data gathering and analysis.
• Assist in ad-hoc compensation and cross-functional projects.
• Develop and implement compensation processes and system enhancements.
• Perform detailed modeling and analysis to support decision-making.
• Troubleshoot issues and provide solutions; assist audits with required data.

Skills

Analytical thinking

Project management

Excel skills

Microsoft Office

Matrix environment

Multitasking

Time management

Independent worker

Team player

Education

Bachelor’s Degree or equivalent

Tools

Microsoft Office

Job description

TJX Companies

At TJX Companies, every day brings new opportunities for growth, exploration, and achievement. You’ll be part of our vibrant team that embraces diversity, fosters collaboration, and prioritizes your development. Whether you’re working in our four global Home Offices, Distribution Centers or Retail Stores—TJ Maxx, Marshalls, Homegoods, Homesense, Sierra, Winners, and TK Maxx, you’ll find abundant opportunities to learn, thrive, and make an impact. Come join our TJX family—a Fortune 100 company and the world’s leading off-price retailer.

Job Description:

Our Compensation Center of Expertise (CoE) manages all aspects of compensation programs and processes including salary programs, incentives and equity administration. We provide global and local support in a matrix management environment.

The Compensation Analyst supports the analytical processes in the design, administration, and delivery of a variety of complex compensation programs and projects, as well as acts as an internal consultant, to ensure competitive positioning and cost effectiveness in order to attract, retain, and reward Associates.

RESPONSIBILITIES:

• Participates in communicating and educating internal partners on total rewards philosophy, policy, and practice, ensuring compensation programs are administered fairly and consistently.
• Collaborates with global team members and other stakeholders (i.e., Finance, Payroll, HRIS, IT, Legal, etc.) on the execution of compensation programs, including base pay and incentives.
• Provides compensation consulting support to certain internal business clients, including providing compensation recommendations for new hires, promotions and transfers.
• Participates in cyclical compensation administration of processes that may include salary planning, reviewing salary structures, annual merit program planning, and bonus plan administration utilizing the Company’s systems and tools. Generates and analyzes required documentation to support compensation programs.
• Supports complex executive compensation programs, including gathering, organizing and analyzing data for our proxy statement and related disclosures.
• Supports ad-hoc compensation and cross-functional projects related to changing regulations and business requirements.
• Participates in the development and implementation of compensation processes and system enhancements.
• Performs detailed modeling and analysis to support compensation decision-making.
• Troubleshoots issues or problems and identifies and shares solutions.
• Assists in providing required data during internal and external audits.

REQUIREMENTS:

• Bachelor’s Degree or equivalent
• 1 - 3 years of experience with either compensation administration and techniques or similar analytical process experience such as in a finance or related function
• Ability to flex and adapt to a fast pace, changing work environment
• Strong analytical and project management skills with high attention to detail
• Proficiency with Microsoft Office, including advanced Excel skills
• Ability to work in a matrix-managed environment
• Ability to multitask, prioritize, and manage time effectively
• Ability to work independently as well as be a team player
• Strong organizational skills
• Ability to communicate effectively with all levels

Benefits:

• Associate discount;
• 401(k) match;
• medical/dental/vision;
• HSA;
• health care FSA;
• life insurance;
• short/long-term disability;
• paid holidays/vacation /sick/bereavement/parental leave;
• EAP;
• incentive programs for management;
• auto/home insurance discounts;
• tuition reimbursement;
• scholarship program;
• adoption/surrogacy assistance;
• smoking cessation;
• child care/cell phone discounts;
• pet/legal insurance;
• credit union;
• referral bonuses.

All benefits are subject to applicable plan or program terms (including eligibility terms) and may change from time to time. Contact your TJX representative for more information.

TJX considers all applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, gender identity and expression, marital or military status, or based on any individual's status in any group or class protected by applicable federal, state, or local law. TJX also provides reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.

Address:

300 Value Way

Location:

USA Home Office Marlborough MA 300 Value WayThis position has a starting salary range of $71,300.00 to $89,100.00 per year. Actual starting pay is determined by a number of factors, including relevant skills, qualifications, and experience.