Sr Analyst Compensation

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

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Position Summary

The Senior Compensation Analyst is an experienced professional individual contributor that provides consultation, and analytical, project, & operational support to the Compensation team. This role partners with HR and business leader to deliver market informed compensation recommendations, conducts market pricing and salary studies, supports annual salary review cycles and compensation governance, performs job evaluations, and produces data-driven reports that inform pay decisions. The ideal candidate will operate with general supervision and exercises independent judgement within guidelines, combines strong analytical capabilities with experience utilizing compensation and HR systems to deliver market-driven recommendations, support compensation decision‑making, and ensure alignment with organizational pay practices.

Key Responsibilities

Market Studies, Salary Reviews, and Governance

• 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.

Data Analysis and Reporting

• Build, maintain, and automate recurring and ad hoc compensation reports using Market Pay, Workday, compensation software, and human capital analytics tools.
• Develop reports, models, presentations, and workforce insights to support decision-making.
• Analyze workforce and pay data to identify trends, outliers, compression, and equity concerns, and translate findings into clear recommendations.
• Perform data validation and integrity checks across HRIS and compensation systems.
• Prepare executive-ready summaries and visualizations for the Director, Senior Managers, HR Business Partners, and business leaders.
• Respond to data requests with accuracy, timeliness, and appropriate confidentiality.

Job Evaluations

• Assist with job evaluations for new and changed positions using the organization’s job leveling and evaluation methodology.
• Review job descriptions for accuracy and consistency and partner with HR Business Partners and Compensation team to gather information.
• Recommend job levels, grades and market matches, and document the rationale.
• Support leveling and calibration discussions to promote internal equity and consistency.

Compensation Projects

• Manage project timelines, deliverables, and stakeholder communications for assigned work.
• Draft documentation, process guides, and presentation materials to support project rollout.
• Identify opportunities to streamline processes and improve consistency across compensation programs.

Required 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.

Preferred Qualifications

• Certified Compensation Professional (CCP) or progress toward certification.
• Experience with Workday (HCM and/or Compensation), including reporting and data extraction.
• Experience using compensation survey and market pricing tools, such as Payfactors, MarketPay, ERI, and WIN.
• Familiarity with compensation administration and human capital analytics platforms, including WTW and Aon solutions.
• Experience with data visualization tools such as Tableau, Power BI, or similar platforms
• Experience supporting annual compensation cycles in a large or complex organization.

Core Competencies

• Analytical thinking: Turns complex data into clear, actionable insights.
• Problem solving: Identifies issues, evaluates alternatives and recommends practical solutions
• Communication & Influence: Translates analyses into concise business recommendations
• Collaboration: Works effectively with multiple senior stakeholders and cross-functional teams.
• Prioritization: Manages competing requests and deadlines with composure.
• Integrity: Handles sensitive compensation data with discretion and professionalism.
• Continuous improvement: Looks for ways to improve processes, accuracy, and efficiency.

Education

• Bachelor’s degree in human resources, Business, Finance, Economics, Statistics, or a related field (or equivalent experience).

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$46,988.00 - $112,200.00

Great benefits for great people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Additional details about available benefits are provided during the application process and on Benefits Moments.

We anticipate the application window for this opening will close on: 11/03/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.