Compensation Analyst

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

Benefits offered by this job

Associate discount

401(k) match

Health insurance

Tuition reimbursement

Scholarship program

Adoption assistance

Job summary

TJX Companies is seeking a Compensation Analyst to design, administer, and deliver a variety of compensation programs. You will act as an internal consultant to ensure competitive positioning and cost effectiveness to attract and retain Associates.

The role involves collaborating with Finance, Payroll, HRIS, IT, and Legal, supporting base pay, incentives, and complex executive compensation, and assisting in audits and regulatory disclosures.

Qualifications

• Bachelor’s Degree or equivalent.
• 1–3 years of experience in compensation administration or related analytics.
• Strong analytical and project management skills with attention to detail.
• Proficiency with Microsoft Office and advanced Excel.

Responsibilities

• Communicates and educates internal partners on total rewards philosophy, policy and practice, ensuring compensation programs are fair and consistent.
• Collaborates with Finance, Payroll, HRIS, IT, Legal and other stakeholders on the execution of compensation programs, including base pay and incentives.
• Provides compensation consulting support for new hires, promotions and transfers.
• Participates in cyclical compensation administration processes such as salary planning, salary structure reviews, merit program planning, and bonus plan administration using company systems.
• Supports complex executive compensation programs, including data gathering for proxy statements and disclosures.
• Supports ad-hoc compensation and cross-functional projects related to changing regulations and business requirements.
• Participates in development and implementation of compensation processes and system enhancements.
• Performs detailed modeling and analysis to support compensation decision-making.
• Troubleshoots issues and shares solutions; assists in providing data during audits.

Skills

Analytical thinking

Project management

Excel skills

Microsoft Office

Matrix environment

Education

Bachelor’s Degree or equivalent

Tools

Microsoft Office

Excel

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.

In addition to our open door policy and supportive work environment, we also strive to provide a competitive salary and benefits package. 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 Way

This 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.