Senior Compensation Analyst — Market Pricing & Insights

CVS Health; Woonsocket (RI); On-site; USD 47,000 - 112,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Paid time off

Retirement savings options

Wellness programs

Job summary

CVS Health in Woonsocket, Rhode Island is seeking a Senior Compensation Analyst to provide market-informed compensation recommendations, pricing studies, and governance support. You will partner with HR and business leaders to deliver data-driven pay decisions using systems like Workday and Market Pay.

The role emphasizes identifying equity, leading data analyses, and producing executive-ready reports. A strong foundation in compensation analytics and proficiency with advanced Excel are

Qualifications

• 3+ years of progressive HR compensation experience.
• 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.
• Advanced Excel skills including modeling, pivot tables, lookups, and data validation.

Responsibilities

• Conduct market pricing, benchmarking using multiple survey sources.
• Analyze survey data, apply geographic differentials, and recommend pay ranges and structures.
• Support annual merit, bonus, and off-cycle salary review processes.
• Review pay actions for alignment with compensation guidelines and equity.
• Develop executive-ready summaries and visualizations for leaders.
• Provide routine compensation guidance to HR Partners.

Skills

HR data analytics

Advanced Excel

Data visualization

Report development

Problem solving

Communication & influence

Collaboration

Attention to detail

Education

Bachelor's degree in HR, Business, Finance, Economics, Statistics, or related field

Tools

Workday

Payfactors

MarketPay

ERI

WIN

Tableau

Power BI

Job description

CVS Health in Woonsocket, Rhode Island is seeking a Senior Compensation Analyst to provide market-informed compensation recommendations, pricing studies, and governance support. You will partner with HR and business leaders to deliver data-driven pay decisions using systems like Workday and Market Pay.

The role emphasizes identifying equity, leading data analyses, and producing executive-ready reports. A strong foundation in compensation analytics and proficiency with advanced Excel are