Compensation Analyst II: Optimize Pay & Incentives

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

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.