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An established industry player is seeking a Compensation Analyst to enhance their competitive compensation programs. In this role, you will analyze complex compensation data and provide actionable recommendations to ensure equitable pay practices. Collaborating with HR and various business units, you will help shape compensation strategies that attract and retain top talent. This position offers the opportunity to work on diverse projects, influencing the organization’s approach to compensation while ensuring compliance with relevant legislation. If you have strong analytical skills and a passion for driving performance culture, this role is perfect for you.
About the RoleIn this role, you will help to ensure our Compensation programs and practices are market competitive and drive a performance culture. You support the development, adaptation, and delivery of Compensation programs and key initiatives to the business. You will develop a deep understanding of the business and work with cross-functional teams to ensure our Compensation programs and practices are effectively leveraged to enable talent attraction and retention. Responsibilities include: complex compensation data analysis with recommendations for action, external market research, and consulting on compensation policies and procedures.What You'll Do
Consult with HR and the business on labor market trends, internal/external competitiveness, and compensation recommendations for assigned client group(s) to ensure competitive and equitable compensation
Participate in the implementation and administration of compensation programs, including annual compensation review process
Conduct job evaluations and participate in compensation survey matching/surveys
Establish salary structures and determine salary increase budgets/guidelines for assigned client group(s)
Contribute to the development of compensation policies and procedures
Maintain a working knowledge of legislation that may affect compensation policies
Manage projects and program execution within area of specialty and ensure quality of work delivered to the business
Excellent analytical, quantitative skills; ability to synthesize large amounts of data and make observations and recommendations; proficient in Excel
Excellent verbal and written communication skills; ability to influence and explain complex information in simple terms; proficient in Word and PowerPoint
Can anticipate operational/program issues and develop preventative measures
Ability to prioritize, multitask, and oversee multiple concurrent projects and workstreams with various business partners
Experience in Compensation or other analytical field