Compensation Analyst

vallenext; North Carolina; On-site; USD 65,000 - 100,000; Full time

Job summary

Vallen is seeking a Compensation Analyst to help develop, implement, and administer base pay and variable pay programs aligned with the company’s reward strategy. The role involves job analysis, salary structure design, and budgeting support across the organization.

Key responsibilities include data analysis, merit and incentive program administration, benchmarking with MarketPay/ERI, and preparing compensation reports. Strong MS Excel and HRIS experience are desirable.

Qualifications

• Foundational knowledge of compensation principles and processes.
• Bachelor's degree in related field preferred; CCP Certification preferred.
• 2+ years of experience in compensation with data analysis and job evaluation.
• Experience with market pricing software (MarketPay or Payscale).
• Experience with annual merit cycles and incentive programs.
• Experience with HRIS and compensation data maintenance.
• Strong analytical skills and attention to detail.

Responsibilities

• Analyze compensation, job, and data to guide management and HR partners.
• Administer annual merit and pay-for-performance programs; draft communications.
• Administer annual short-term incentive programs; harmonization recommendations.
• Ensure data integrity in benchmarking apps like MarketPay and ERI; drive automation.
• Lead participation in third-party compensation surveys.
• Analyze internal/external compensation trends to ensure competitiveness.
• Prepare budget impact analyses for salary programs.
• Maintain company job descriptions; coach on job description development.
• Produce recurring and ad hoc compensation reports and presentations.
• Ensure compliance with federal, state, and local regulations.
• Support Benefits projects (e.g., Open Enrollment) and other special projects.

Skills

Confidentiality

Data analysis

Attention to detail

Self-starter

Customer service

Project leadership

Planning

Analytical thinking

Education

Bachelor's degree

CCP Certification

Tools

MarketPay

Payscale

HRIS

MS Excel

PowerPoint

Co-Pilot

Job description

Position Summary:

Vallen's Compensation Analyst is responsible for assisting in the development, implementation, and/or administration of base pay, sales and other variable compensation programs to attract, motivate, and retain a talented, diverse, and committed workforce. They perform job analyses and evaluate job classifications, lead salary administration programs, submit and analyze compensation surveys, and prepare compensation models, proposals, and budgets. They lead and/or participate in designing salary structures and make recommendations for modifications to ensure market competitiveness. They research, draft and/or prepare recommendations to modify compensation policies and variable pay plan designs in accordance with the company's reward strategy.

Essential Job Duties and Responsibilities:

• Performs compensation, job and/or associate data analyzes and provides guidance to company management and/or HR Business Partners that is affordable, internally equitable, externally competitive, and in alignment with business objectives.
• Assists in the administration of annual merit and pay-for-performance programs; prepares and analyzes recommendations for merit matrices; drafts related communication materials.
• Assists in the administration of annual short-term incentive programs; analyzes current state and prepare recommendations for harmonization and standardization.
• Analyzes and ensures data integrity within benchmarking applications including MarketPay and ERI; leads automation and continuous process improvement for benchmarking activities within those applications.
• Leads participation in third-party compensation surveys.
• Analyzes internal and external compensation trends to ensure competitive pay practices.
• Prepares budget impact analysis, projections and recommendations for salary administration programs and assesses associate level impact.
• Maintains company job descriptions; provides coaching where needed in the development of job descriptions.
• Prepares recurring & ad hoc compensation reports & presentations.
• Analyzes current compensation programs & practices to ensure compliance with federal, state & local regulations.
• Participates in Benefits related activities and projects where additional resources may be required (i.e. Open Enrollment).
• Participates in and/or lead special projects as assigned.

Job Qualifications:

Foundational knowledgeand demonstrated applicationof Compensation principles and processes including, but not limited to, job evaluations, market pricing and annual compensation planning is a requirement for this role. Preferred qualifications include a Bachelor's degree in a related field (e.g., Human Resources, Business, Finance, etc.), CCP Certification (either attained or in progress) and at least 2 years of experience including:

• Demonstrated ability to uphold confidentiality and work with sensitive job and pay-related data.
• Experience working with market pricing software, preferably MarketPay or Payscale.
• Experience with participating in annual third-party salary surveys (Mercer, Willis Towers Watson, etc.).
• Experience working with HR Information Systems, maintenance of key compensation data and the extraction of data.
• Experience with the administration of an annual merit cycle using compensation planning software.
• Strong analytical and logical thinking skills with strong attention to detail & accuracy.
• Intermediate-level MS-Excel skills & proficiency with Word, PowerPoint & Co-Pilot
• Self-starter with the ability to work independently with little supervision.
• Dedication to providing excellent & timely customer service.
• Demonstrated strong planning, organizational and project leadership skills.
• Experience with variable incentive plan concepts, design, and administration preferred.

Work Environment

(Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.).

• Long periods of time working on a computer and performing key-boarding activities.

Physical Demands

(Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.).

• While performing the duties of this job, the employee is regularly required to talk and hear. The employee frequently is required to sit. The employee is occasionally required to stand and walk. The employee may be required to occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.