Compensation Analyst - Data-Driven Total Rewards

Michaels; Irving (TX); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

401(k) with employer match

Employee Assistance Program

Medical, dental, and vision coverage

Telemedicine services

Flexible spending accounts

Commuter benefits

Tuition assistance

Adoption assistance

Employee discounts

Job summary

The Michaels Companies Inc., a leading crafts retailer with over 1,300 stores in North America, is seeking a Compensation Analyst in Irving, TX. The role analyzes, maintains, and processes core compensation program elements, supports fair pay practices, and assists with plan design to ensure external competitiveness and internal equity.

You will handle market pricing, salary surveys, minimum wage monitoring, and collaboration with Talent Acquisition to advise on offers, while ensuring data

Qualifications

• BS, BA, or graduate degree in business (or related field), or equivalent work experience.
• Strong analytical skills with high attention to accuracy and confidentiality.
• Proficiency in Microsoft Excel for data modeling and analysis.

Responsibilities

• Conduct job analysis, salary administration, and FLSA assessments to set salary ranges and pricing.
• Complete market surveys and use results for salary planning, salary structures, and job evaluations.
• Monitor federal, state/local minimum wage changes to ensure compliance across locations.
• Collaborate with Talent Acquisition to review and provide competitive compensation for Retail Store offers.
• Perform internal peer equity audits and weekly compensation audits for compliance and equity.
• Maintain compensation data in Workday and other systems of record; ensure data integrity.
• Generate ad-hoc reports and analytics on pay performance, minimum wage impacts, and compression.
• Assist with annual cycles and variable pay programs (Bonus, Merit, Commission).

Skills

Analytical mindset

Autonomy

Technical skills

Education

BS/BA or graduate degree in business (or related field)

Tools

Excel

Workday

Payfactors

Job description

The Michaels Companies Inc., a leading crafts retailer with over 1,300 stores in North America, is seeking a Compensation Analyst in Irving, TX. The role analyzes, maintains, and processes core compensation program elements, supports fair pay practices, and assists with plan design to ensure external competitiveness and internal equity.

You will handle market pricing, salary surveys, minimum wage monitoring, and collaboration with Talent Acquisition to advise on offers, while ensuring data