Sr Compensation Analyst

Socket.dev; Novi (MI); On-site; USD 100,000 - 110,000; Full time

Benefits offered by this job

Health and wellness benefits

401(k) retirement plan with company-m

Job summary

Socket.dev in Novi, MI is seeking a Sr Compensation Analyst to lead advanced compensation analyses, model pay structures, and advise on market competitiveness while upholding internal equity. You will partner with HR Business Partners, Talent Acquisition, and leaders to shape compensation programs and drive operational excellence.

You will administer salary structures, participate in surveys, and mentor junior team members, ensuring compliance with pay equity reviews and regulatory audits.

Qualifications

• Bachelor’s degree in business, Human Resources, Finance or related field is strongly preferred.
• 3-5 years of experience in a Compensation role, or Human Resources role requiring significant data analysis, is required.
• Experience utilizing HRIS systems is required; familiarity with Oracle Cloud HCM and ServiceNow are strongly preferred.
• HR certification (PHR, SHRM-CP) or Compensation-specific certification (CCP) is preferred.

Responsibilities

• Leads complex compensation analyses and evaluates competitive trends in base and variable pay programs, providing recommendations to ensure market competitiveness and internal equity.
• Oversees participation in compensation surveys, ensuring data accuracy and interpreting survey results to inform compensation strategy and program design.
• Administers and continuously improves compensation programs, including salary structures, job pricing, and incentive programs.
• Performs advanced modeling and analysis of pay structures and workforce compensation data to support budget planning, pay equity reviews, and strategic decision-making.
• Leads key aspects of the annual pay increase cycle, including modeling scenarios, analyzing budget impact, and supporting communication and implementation.
• Partners closely with HR Business Partners, Talent Acquisition, and leaders to provide consultative guidance and recommendations on compensation matters.
• Supports and helps lead compensation compliance efforts, including pay equity reviews and regulatory audits.
• Develops documentation, tools, and best practices that improve compensation processes and operational efficiency.
• Leads or contributes to cross-functional HR projects and system enhancements related to compensation (e.g., Oracle HCM, ServiceNow).
• Provides guidance and mentorship to junior compensation team members.

Skills

Customer service

Communication

Time management

Organizational skills

Interpersonal skills

Education

Bachelor's degree in business, HR, or finance

Tools

HRIS systems

Oracle Cloud HCM

ServiceNow

Job description

The Sr Compensation Analyst performs advanced analysis and supports the design, administration, and continuous improvement of the organization’s compensation programs. This role evaluates market trends, conducts complex compensation modeling, and provides data-driven recommendations to help ensure market competitiveness, internal equity, and alignment with organizational budgets. The Senior Analyst partners closely with internal stakeholders and supports the Centers of Excellence (CoE) model at Learning Care, while also providing mentorship to junior team members to promote strong compensation practices and operational excellence.

Essential Functions:

1. Leads complex compensation analyses and evaluates competitive trends in base and variable pay programs, providing recommendations to ensure market competitiveness and internal equity.
2. Oversees participation in compensation surveys, ensuring data accuracy and interpreting survey results to inform compensation strategy and program design.
3. Administers and continuously improves compensation programs, including salary structures, job pricing, and incentive programs.
4. Performs advanced modeling and analysis of pay structures and workforce compensation data to support budget planning, pay equity reviews, and strategic decision-making.
5. Leads key aspects of the annual pay increase cycle, including modeling scenarios, analyzing budget impact, and supporting communication and implementation.
6. Partners closely with HR Business Partners, Talent Acquisition, and leaders to provide consultative guidance and recommendations on compensation matters.
7. Supports and helps lead compensation compliance efforts, including pay equity reviews and regulatory audits.
8. Develops documentation, tools, and best practices that improve compensation processes and operational efficiency.
9. Leads or contributes to cross-functional HR projects and system enhancements related to compensation (e.g., Oracle HCM, ServiceNow).
10. Provides guidance and mentorship to junior compensation team members.
11. Performs additional duties and responsibilities as assigned.

Supervisory Responsibilities:

None.

Minimum Job Qualifications:

• Bachelor’s degree in business, Human Resources, Finance or related field is strongly preferred.
• 3-5 years of experience in a Compensation role, or Human Resources role requiring significant data analysis, is required.
• Experience utilizing HRIS systems is required; familiarity with Oracle Cloud HCM and ServiceNow are strongly preferred.
• HR certification (PHR, SHRM-CP) or Compensation-specific certification (CCP) is preferred.

Other Skills and Abilities Qualifications:

• Excellent customer service skills with both internal and external customers.
• Capable of working with frequent interruptions and changing priorities.
• Strong written, verbal, and interpersonal skills, with the ability to effectively communicate at all levels of the organization.
• Proficient time management, organizational skills and ability to meet established deadlines.
• Ability to function well in a fast-paced, deadline-driven environment.
• Strong working knowledge of computer applications such as Microsoft Word, PowerPoint, Outlook.
• Intermediate to advanced Excel compensation modeling skills.
• Ability to effectively analyze and interpret data, report, and present metrics to all levels of the organization.
• Mathematical aptitude and skill in data analysis.
• Able to efficiently handle conflict/complaints and resolve problems quickly and appropriately.

Compensation and Benefits:

• Compensation based on position, education and experience. Bi-weekly paid.
  • $100-110,000 base salary.
  • This position is also eligible for our Support Central bonus program which is based on annual achievement of company performance.
• Health and Wellness Benefits
  • Employees are eligible for a variety of health and welfare benefits based on their Full-time or Part-time status on their date of hire, which include medical, dental, vision, healthcare & dependent care flexible spending accounts (FSAs), life insurance, disability, accident, critical illness, hospital indemnity, pre-paid legal, pet insurance and identity theft protection.
  • Employees are eligible to participate in our 401(k) retirement plan after 30 days of employment. Participating employees are also eligible to receive a company provided match on their elective deferrals once they reach 1 year of employment with the company.
• Employee perks/discounts
  • Education assistance including tuition reimbursement
  • Childcare discount available to all employees
  • Corporate partner Discounts
• This position is eligible for paid time off. All Corporate employees are enrolled in our Flexible Paid Time Off (PTO) plan. This plan allows for flexibility and discretion between employees and managers in taking time off - with no set accrual for vacation or sick time. Employees can use Flexible PTO for any reason and is compliant with the Colorado Healthy Families Work Act.
• Applications accepted through 8/28/26.