Compensation Analyst

Macy's; Maryland; On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Health insurance

401(k) match

Paid time off

Eight paid holidays

Tuition reimbursement

Employee assistance program

Merchandise discounts

Job summary

Macy’s is seeking a skilled Compensation Analyst in the United States Maryland region to support compensation programs and business objectives. The role focuses on data-driven analyses, market research, and program reporting to drive fair pay structures and strategic insights.

The analyst will work with HR and business leaders, manage complex datasets in Excel and HCM tools, and contribute to program evaluations, pilots, and policy changes while maintaining high standards of accuracy and

Qualifications

• Bachelor’s degree or equivalent work experience in a related field.
• Ability to access and review information and interact with workplace materials as needed.
• Flexible schedule based on department and company needs.

Responsibilities

• Execute compensation programs accurately and on schedule.
• Support the implementation and maintenance of compensation programs including commissions, salary structure analysis, adjustments, and evaluations.
• Query and analyze complex datasets for reporting and decision-making.
• Provide analytical support to align programs with business and HR objectives, and assess pilots and new programs.
• Audit, assess, and summarize current compensation programs for accuracy and alignment.
• Research and resolve compensation issues for individuals and the organization.
• Identify opportunities to improve processes and increase efficiency and impact.
• Serve as liaison to business groups, providing compensation insights and responding to requests.
• Foster an environment of inclusion and strengthen cross-team relationships.
• Other duties may be assigned.

Skills

Analytical tools

Data analysis

Financial acumen

Communication

Process improvement

Collaboration

Independence

Education

Bachelor’s degree or equivalent

Tools

Oracle HCM

Pay Factors

Microsoft Access

VBA

Job description

Be part of an amazing story

Macy’s is more than just a store. We’re a story. One that’s captured the hearts and minds of America for more than 160 years. A story about innovations and traditions…about inspiring stores and irresistible products…about the excitement of the Macy’s 4th of July Fireworks, and the wonder of the Thanksgiving Day Parade. We’ve been part of memorable moments and milestones for countless customers and colleagues. Those stories are part of what makes this such a special place to work.

Job Overview

The Compensation Analyst provides analytical support to the Compensation team and business groups to ensure alignment between compensation programs and business objectives. The analyst understands business goals to support existing compensation plans, develops predictive analytical models to evaluate the impact of proposed changes, and summarizes market research to inform compensation best practices.

What You Will Do

• Execute assigned compensation programs accurately and on schedule.
• Support the implementation and maintenance of compensation programs that meet business needs, including commissions, incentives, salary structure analysis, salary adjustments, and program evaluations.
• Query and analyze complex datasets to gather information for reporting and decision-making.
• Provide advanced analytical support to align compensation programs with business and HR strategic objectives, assessing the financial impact of pilots, test-and-learn initiatives, new programs, and policy changes.
• Audit, assess, and summarize current compensation programs through standard and ad hoc reporting to ensure accuracy, effectiveness, and alignment with business goals.
• Research and resolve both individual and organizational compensation issues.
• Identify opportunities to improve existing processes and recommend enhancements to increase efficiency and impact.
• Serve as a liaison to assigned business groups by answering questions, providing compensation insights, and evaluating programs in response to business partner requests.
• Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities.
• In addition to the essential duties mentioned above, other duties may be assigned.

Skills You Will Need

Analytical & Quantitative Skills: Strong ability to interpret complex data, perform statistical analysis, and use advanced mathematical concepts to assess compensation structures and business impacts.

Data Management & Reporting: Skilled in querying, manipulating, and analyzing large datasets; advanced proficiency in Microsoft Excel and experience with data tools such as Oracle HCM, Pay Factors, Microsoft Access, and VBA.

Compensation & HR Expertise: Understanding of compensation structures, salary analysis, incentive programs, and job evaluation principles; ability to align compensation practices with organizational strategy and market benchmarks.

Financial & Business Acumen: Ability to connect compensation decisions to financial outcomes, assess the impact of pilots and new programs, and support business goals through data-driven recommendations.

Communication & Presentation: Excellent written and verbal communication skills; able to summarize complex analyses and present insights in a clear, concise, and visually compelling way to influence decision-making.

Process Improvement & Problem Solving: Proactive in identifying process inefficiencies, surfacing issues, and recommending enhancements to improve program accuracy, timeliness, and impact.

Collaboration & Relationship Management: Builds effective partnerships with HR and business leaders; serves as a trusted resource for compensation guidance and insights.

Independence & Initiative: Works independently with minimal supervision in a fast-paced, collaborative environment; demonstrates ownership and accountability for deliverables.

Who You Are

• Candidates with a Bachelor’s degree or equivalent work experience in a related field are encouraged to apply.
• This role involves performing essential job functions such as communication, collaboration, and use of office and computer systems. Responsibilities include the ability to access and review written and electronic information, and to move within the work environment and interact with workplace materials as needed to carry out job responsibilities.
• Able to work a flexible schedule based on department and company needs.

What We Can Offer You

Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Enjoy comprehensive health and wellness coverage and a 401(k) match to invest in your future. Prioritize your well-being with paid time off and eight paid holidays. Grow your career with continuous learning and leadership development. Plus, build community by joining one of our Colleague Resource Groups and make a difference through our volunteer opportunities.

Some additional benefits we offer include:

• Merchandise discounts
• Performance-based incentives
• Annual merit review
• Employee Assistance Program with mental health counseling and legal/financial advice
• Tuition reimbursement

Access the full menu of benefits offerings here.

About Us

This is a great time to join Macy’s! Whether you’re helping a customer find the perfect gift, streamlining operations in one of our distribution centers, enhancing our online shopping experience, buying in-style and on-trend merchandise to outfit our customers, or designing a balloon for the Thanksgiving Day Parade, we offer unique opportunities to be part of some of the most memorable moments in people’s lives.

Macy’s, Inc. reserves the right to amend this job description at any time. Macy’s, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.

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