Compensation Analyst II

Socket.dev; Belmont (NC); On-site; USD 85,000 - 105,000; Full time

Job summary

Socket.dev in Belmont, NC is seeking a Compensation Analyst to support base pay, variable pay programs, and salary structure design. You will analyze internal and external data, participate in surveys, and help implement market-based compensation strategies with a focus on accuracy and compliance.

The role requires a CCP certification, a bachelor’s degree, and 2+ years of relevant experience. Proficiency with MarketPay/ERIs, HRIS systems, and MS Excel is expected.

Qualifications

• Confidential handling of sensitive job and pay data.
• Experience with market pricing software, MarketPay or Payscale.
• Experience participating in annual third‑party salary surveys (Mercer, Willis Towers Watson, etc.).
• Experience with HRIS systems and extracting compensation data (ADP, Workday, etc.).
• Experience administering annual merit cycles using compensation planning software.
• Experience with variable incentive plan concepts, design, and administration.
• Strong analytical and organizational skills with attention to detail.
• Proficient MS Excel, Word, PowerPoint; comfortable with Co-Pilot.

Responsibilities

• Perform compensation, data analyses and guide management on affordable, equitable pay.
• Assist in merit and pay-for-performance program administration and communications.
• Assist in short-term incentive program administration and harmonization.
• Analyze benchmarking data and drive automation within MarketPay/ERI.
• Lead participation in third-party compensation surveys.
• Analyze pay trends to ensure competitive practices.
• Prepare budget impact analyses for salary programs.
• Maintain job descriptions and coach on descriptions as needed.
• Prepare recurring and ad hoc compensation reports and presentations.
• Ensure compliance with federal, state and local regulations.
• Support Benefits activities and special projects as needed.

Skills

Analytical thinking

Attention to detail

Project leadership

Independent work

Customer service

Education

Bachelor’s degree

CCP certification

Tools

MarketPay

Payscale

ADP

Workday

MS Excel

MS Word

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.

Qualifications

Job Qualifications:

Bachelor’s degree in a related field (e.g., Human Resources, Business, Finance, etc.) coupled with a CCP certification, and at least 2 years of applicable experience is preferred. Applicable experience preferably includes:

• 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 HRIS systems, maintenance of key compensation data and the extraction of data (ADP, Workday, etc.).
• Experience with the administration of an annual merit cycle using compensation planning software.
• Experience with variable incentive plan concepts, design, and administration preferred.
• 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.
• Demonstrated strong planning, organizational and project leadership skills.
• Dedication to providing excellent & timely customer service.

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.