Sr. Compensation Analyst

Waystar, Inc; Lehi (UT); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Competitive total rewards

Customizable benefits package

Generous paid time off

Flexible time off for exempt team members

Paid parental leave

Education assistance opportunities

Free mental health and family planning programs

401(K) program with company match

Pet insurance

Employee resource groups

Job summary

Waystar, Inc is looking for a Senior Compensation Analyst to design and manage compensation programs in Lehi, Utah. The position involves market analysis, data reporting, and ensuring compliance with compensation regulations.

The ideal candidate will have a Bachelor's degree, 3-5 years of experience, and strong analytical abilities, particularly with Excel. The role offers competitive rewards, a customizable benefits package, and generous paid time off.

Qualifications

• 3–5+ years of experience in compensation or total rewards.
• Strong analytical and quantitative skills.
• CCP certification or progress toward certification.

Responsibilities

• Support design, implementation, and management of compensation programs.
• Conduct market pricing using compensation surveys.
• Perform complex data analysis to support compensation decisions.

Skills

Analytical skills

Quantitative skills

Excel

Market pricing

Compensation principles

Education

Bachelor’s degree in Human Resources, Finance, or related field

Tools

HRIS systems (e.g., Workday, SuccessFactors)

Compensation tools (e.g., Radford/Aon, Mercer)

Job description

About This Position

The Senior Compensation Analyst plays a key role in the design, implementation, and administration of compensation programs. This role partners with People, Finance, and business leaders to ensure compensation practices are competitive, equitable, and aligned with organizational strategy. The position requires strong analytical capability, attention to detail, and the ability to translate data into actionable insights.

Responsibilities

• Compensation Design & Administration
  • Support the design, implementation, and ongoing management of base pay, bonus, and incentive programs
  • Administer annual compensation processes, including merit planning, bonus payouts, and market adjustments
  • Partner with People Business Partners and leadership on compensation recommendations and pay decisions
  • Ensure alignment of compensation programs with internal equity and external market competitiveness
• Market Analysis & Benchmarking
  • Conduct market pricing using compensation surveys (e.g., Radford, Mercer, Salary.com) to assess competitiveness
  • Develop and maintain salary structures, pay ranges, and job architectures
  • Analyze compensation trends and provide recommendations to leadership
• Data Analysis & Reporting
  • Perform complex data analysis to support compensation decisions and strategic initiatives
  • Build models, dashboards, and reports to track compensation metrics (e.g., compa‑ratio, pay equity, range penetration)
  • Support pay equity analyses and compliance reviews, including gender and diversity pay studies
• Compliance & Governance
  • Ensure compliance with federal, state, and local compensation regulations (e.g., FLSA, pay transparency laws)
  • Support documentation and audit readiness for compensation practices
  • Maintain accurate job and compensation data within HRIS systems
• Stakeholder Partnership
  • Collaborate with People, Talent Acquisition, and Finance on offers, promotions, and workforce planning
  • Provide guidance and education to leaders on compensation philosophy, policies, and practices
  • Support executive and board‑level compensation analyses, as needed

Qualifications

• Bachelor’s degree in Human Resources, Finance, Business, or related field
• 3–5+ years of experience in compensation or total rewards
• Strong analytical and quantitative skills (advanced Excel required; experience with modeling and data visualization preferred)
• Experience with market pricing and salary survey tools
• Knowledge of compensation principles, practices, and compliance requirements
• Preferred: Experience supporting equity and/or incentive compensation programs
• Familiarity with HRIS systems (e.g., Workday, SuccessFactors)
• Experience with compensation tools (e.g., Radford/Aon, Mercer, PayScale)
• CCP (Certified Compensation Professional) certification or progress toward certification

Benefits

• Competitive total rewards (base salary + bonus, if applicable)
• Customizable benefits package (3 medical plans with Health Saving Account company match)
• Generous paid time off for non‑exempt team members, starting with 3 weeks + 13 paid holidays, including 2 personal floating holidays
• Flexible time off for exempt team members + 13 paid holidays
• Paid parental leave (including maternity + paternity leave)
• Education assistance opportunities and free LinkedIn Learning access
• Free mental health and family planning programs, including adoption assistance and fertility support
• 401(K) program with company match
• Pet insurance
• Employee resource groups

Equal Opportunity Employer

Waystar is proud to be an equal‑opportunity workplace. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, marital status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.