Compensation Analyst: Market Analysis & Pay Design

Jobtailor; Illinois; On-site; USD 65,000 - 90,000; Full time

Job summary

Jobtailor in Illinois seeks a Compensation Analyst to develop job descriptions, analyze market data, and support annual salary reviews. The role involves conducting salary surveys, assisting in compensation administration, and informing program design with data-driven insights.

Qualified candidates hold a Bachelor’s in HR or related field, proficient Excel skills (VLOOKUPs, formulas), and 2 years of experience. Strong written and verbal communication is essential.

Qualifications

• Bachelor’s degree in Human Resources, Business Administration, or a related field.
• Proficiency in Microsoft Office Suite (Word, PowerPoint, Teams) and intermediate Excel skills (e.g., VLOOKUPs, formulas, and formatting).
• Effective written and verbal communication skills with the ability to explain pay-related information clearly.
• Experience in project coordination or administration with ability to manage multiple projects and timelines.
• Relevant internships or HR administrative experience.
• 2 years of relevant professional experience.

Responsibilities

• Developing job descriptions and conducting job analysis and evaluations for assigned business areas.
• Conducting market analyses and recommendations.
• Participating in salary surveys.
• Assisting in the annual salary compensation review.
• Supporting the administration of compensation including salary and API.
• Analyzing data to inform the design, development and updates of compensation programs and compensation projects as assigned.

Skills

Job Analysis

Compensation Program Design

Project Coordination

Data Analysis

Effective Communication

Time Management

Salary Survey Participation

Market Analysis

Excel Proficiency

VLOOKUP

Formulas

Job Description Development

Education

Bachelor's degree in HR/Business Administration or related field

Tools

Microsoft Office Suite

Microsoft Word

Microsoft PowerPoint

Microsoft Teams

Job description

Jobtailor in Illinois seeks a Compensation Analyst to develop job descriptions, analyze market data, and support annual salary reviews. The role involves conducting salary surveys, assisting in compensation administration, and informing program design with data-driven insights.

Qualified candidates hold a Bachelor’s in HR or related field, proficient Excel skills (VLOOKUPs, formulas), and 2 years of experience. Strong written and verbal communication is essential.