Senior Compensation Analyst — Market Insights & Pay Strategy

CVSHealth; Hartford (CT); On-site; USD 47,000 - 112,000; Full time

Benefits offered by this job

Medical/dental/vision coverage

Paid time off

Retirement plans

Wellness programs

Job summary

CVS Health is seeking a Senior Compensation Analyst to provide data-driven compensation recommendations and market pricing insights. You will collaborate with HR and business leaders to support annual salary reviews, governance, and job evaluations, leveraging Workday and market surveys.

The role emphasizes analytics, reporting, and governance, with responsibility for ensuring internal equity and alignment with pay practices in a fast-paced healthcare environment.

Qualifications

• 3+ years of progressive experience in HR, with a focus on compensation or total rewards.
• Experience leveraging HR, compensation, and workforce data to drive insights and recommendations.
• Strong analytical, reporting, and data modeling skills with the ability to work with large datasets.
• Experience developing reports, dashboards, and visualizations to support business decision-making.
• Ability to optimize technology solutions that support compensation administration, analytics, and reporting.
• Strong problem-solving, critical thinking, and attention to detail.
• Advanced Excel skills, including modeling, pivot tables, lookups, and data validation.

Responsibilities

• Conduct market pricing, peer cuts and benchmarking using multiple survey and data sources.
• Analyze and age survey data, apply geographic differentials, and recommend competitive pay ranges and structures.
• Support the annual merit, bonus, and off-cycle salary review processes, including data preparation, modeling, budget tracking, and quality checks.
• Review pay actions (hires, promotions, transfers, and adjustments) for adherence to compensation guidelines, internal equity, and range placement.
• Evaluate internal equity, pay positioning, and compensation-related trends
• Support compensation governance by maintaining policies, pay action / job catalog, guidelines, approval workflows, and audit‑ready documentation.
• Provide routine compensation guidance to HR Business Partners.

Skills

HR analytics

Compensation

Excel (advanced)

Data modeling

Workday

Communication

Education

Bachelor's degree in HR/Business/Finance

Tools

Workday

Payfactors

MarketPay

ERI

WIN

Tableau

Power BI

Job description

CVS Health is seeking a Senior Compensation Analyst to provide data-driven compensation recommendations and market pricing insights. You will collaborate with HR and business leaders to support annual salary reviews, governance, and job evaluations, leveraging Workday and market surveys.

The role emphasizes analytics, reporting, and governance, with responsibility for ensuring internal equity and alignment with pay practices in a fast-paced healthcare environment.