Compensation Analyst

Cleveland-Cliffs Inc.; United States; On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Education assistance

Paid time off

Job summary

Cleveland-Cliffs Inc. in Cleveland, OH is seeking a Compensation Analyst to manage base pay, incentives, and select executive compensation elements. You will develop recommendations, perform job evaluations, and support market pricing with data-driven insights for HR and business leaders.

The role requires strong Excel skills, knowledge of FLSA regulations, and the ability to handle confidential information while delivering accurate, timely compensation guidance across the organization.

Qualifications

• Bachelor’s degree in Human Resources, Business Administration, Finance, or related field.
• 0-3 years of experience in Compensation Administration.
• Experience in core compensation processes: job evaluation, market pricing, workforce planning, annual planning.
• Advanced Excel and MS Office proficiency.
• Knowledge of FLSA and compliance requirements.
• Strong communication, analytical, and organizational skills.
• Ability to handle confidential information with discretion.

Responsibilities

• Analyze and administer compensation programs including base pay and incentives.
• Perform job evaluations, market pricing, and salary range maintenance.
• Participate in compensation surveys and benchmarking workflows.
• Support executive and equity compensation administration and equity transactions.
• Provide data-driven guidance to HR and leaders and ensure data integrity.

Skills

Advanced Excel

Analytical skills

Communication

Multitasking

Attention to detail

Discretion

Education

Bachelor's degree

Tools

Workday

Job description

Location: Cleveland, OH. Cleveland-Cliffs has an immediate opening for a Compensation Analyst at our headquarters in Cleveland, Ohio.

Summary of Responsibilities

Analyze and administer a broad range of compensation programs, including base pay, annual incentives, and select executive compensation elements (e.g., equity awards, retention programs). Develop and deliver compensation recommendations, including job evaluations, FLSA classification determinations, organizational structure evaluation, and pay adjustments aligned to market and internal equity. Provide high-quality, responsive support to Human Resources and business leaders through clear guidance, data-driven insights, and strong customer service. Participate in compensation surveys end-to-end, including job matching, data submission, and analysis of benchmarking results to inform competitive pay decisions. Leverage benchmarking tools, market data, and internal comparisons to evaluate roles, establish and maintain competitive salary ranges, identify emerging market trends, and support compensation strategy. Support the annual compensation planning cycle, including merit, bonus, and equity planning processes, system administration, and validation of results. Assist in the administration of executive and equity compensation programs, including processing equity transactions and maintaining accurate records. Serve as a point of contact for equity-related inquiries, providing clear and practical guidance on vesting, taxation, and transaction processes. Maintain and update equity tracking systems and employee records, ensuring data integrity, accurate reporting, and timely processing of equity and participant activity. Provide guidance and support to employees, HR partners, and leaders on compensation and equity topics to improve understanding and transparency. Perform advanced data analysis on compensation programs and HR metrics to identify trends, risks, and opportunities. Conduct regular audits of compensation data, programs, and transactions to ensure accuracy, consistency, and compliance. Partner closely with HR, Finance, and Payroll teams to ensure alignment and seamless execution of compensation and equity processes. Identify, recommend, and support system enhancements related to compensation and equity administration, ensuring alignment with payroll and HRIS processes. Contribute to special projects and initiatives, including compensation program design, pay equity analysis, executive compensation support, and process improvements. Perform other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field required.
• 0-3 years of experience in Compensation Administration required.
• Related analytical roles in Human Resources, Total Rewards, Finance, or related functions may be considered.
• Experience supporting core compensation processes, including job evaluation, market pricing, workforce planning, and annual compensation planning.
• Advanced Excel skills with the ability to analyze and interpret complex data sets; strong overall Microsoft Office proficiency.
• Working knowledge of compensation regulations, including FLSA and general compliance requirements.
• Effective communication skills with the ability to clearly explain compensation concepts to Human Resources, leaders, and employees.
• Ability to manage multiple priorities and work effectively in a fast-paced, deadline-driven environment.
• Adaptability and flexibility to navigate ambiguity and provide practical, well-reasoned recommendations.
• Sound judgment and ability to handle sensitive and confidential information with discretion.
• Strong analytical, problem-solving, and organizational skills with attention to detail.
• Demonstrated ability to build effective working relationships and deliver excellent customer service across all levels of the organization.

Preferred Qualifications

• Certified Compensation Professional (CCP), Certified Equity Professional (CEP), or progress toward certification preferred.
• Exposure to executive compensation and/or equity or stock plan administration preferred.
• Familiarity with compensation surveys, benchmarking methodologies, and market data analysis.
• Proficiency with HRIS systems (Workday strongly preferred)

Salary

The salary range for this role is $65,000-$90,000. An employee’s pay within the salary range will be based on numerous factors, including, but not limited to, relevant education, qualifications, experience, skills, geographic location, and business or organizational needs.

Cleveland-Cliffs Inc. is committed to working with and providing reasonable accommodation to individuals with disabilities.

About Cleveland-Cliffs

Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. We offer an excellent total compensation package, including competitive pay with variable compensation opportunity, health insurance, retirement plan, education assistance, paid time off, and more. Cleveland-Cliffs Inc. is an equal opportunity employer – M/F/Veteran/Disability. We are a drug-free workplace and conduct pre-employment screening as a condition of employment. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs is also the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. As a team of more than 30,000 people, we proudly serve a diverse range of markets and are the largest steel supplier to the automotive industry in North America. Built on a strong safety and environmental stewardship legacy, we operate responsibly and are committed to a sustainable future. With ongoing initiatives to reduce waste, improve water conservation, and reduce carbon emissions, we promise to become North America’s leader in steelmaking and mining sustainability. Cleveland-Cliffs offers opportunities for high-performing individuals in a myriad of technical and professional disciplines. Whether in the field or office, Cleveland-Cliffs fosters an environment that empowers our employees to achieve their highest potential. Employees will be presented with a challenging and rewarding environment. A competitive compensation package, opportunities for advancement, and work-life balance all lead to a positive, passionate career at Cleveland-Cliffs.