Sr Compensation Analyst

Paychex; Phoenix (AZ); On-site; USD 90,000 - 130,000; Full time

Job summary

Paychex is seeking a Senior Compensation Analyst in Phoenix to design, implement, and manage compensation programs. You will lead job architecture, leveling, career paths, and internal equity assessments while analyzing market trends and aligning compensation with business goals.

You will collaborate with HR, finance, and leaders to ensure competitive strategies, evaluate structures, and present insights to drive talent retention and motivation.

Qualifications

• Bachelor's Degree in Human Resources, Business or related discipline preferred.
• 2 years of project management experience.
• 5 years of compensation analysis, design, and implementation experience in a large organization.

Responsibilities

• Develop and maintain a comprehensive job architecture framework aligned with business objectives and industry best practices.
• Lead design and creation of new job roles and job descriptions based on market trends and organizational needs.
• Act as SME on compensation matters including job evaluations, salary recommendations, and promotions for hiring managers and HR partners.
• Collaborate with talent acquisition to develop compelling, competitive offers.
• Partner with HR and leaders to implement compensation strategies aligned with goals.
• Prepare and present reports to senior management on compensation initiatives.
• Conduct market analyses and benchmarking to ensure competitiveness.
• Monitor changes in legislation impacting compensation practices.

Skills

Project management

Compensation analytics

Education

Bachelor's degree in HR or Business

Job description

Overview

The Senior Compensation Analyst will play a crucial role in designing, implementing, and managing our organization's compensation programs. The ideal candidate will lead the design and implementation of job architecture framework, including job leveling, career paths, and internal equity assessments. Including responsibility for analyzing market trends, designing and evaluating compensation structures, and providing valuable insights to help attract, retain, and motivate our employees. Works collaboratively with key stakeholders, including HR, finance, and business leaders, to ensure that our compensation strategy aligns with the company's goals and objectives.

Responsibilities

• Develop and maintain a comprehensive job architecture framework aligned with business objectives and industry best practices.
• Lead the design and creation of new job roles and job descriptions based on organizational needs and market trends. Collaborate with cross-functional teams to implement job architecture initiatives and ensure alignment with overall HR and business strategies.
• Act as a subject matter expert on compensation matters, including job evaluations, salary recommendations, and promotions, serving as a trusted advisor to hiring managers and HR partners.
• Collaborate with the talent acquisition team to develop compelling job offers that are competitive and fair.
• Partner with HR and business leaders to develop and implement effective compensation strategies that align with organizational goals.
• Prepare and present reports and recommendations to senior management regarding compensation-related initiatives.
• Conduct regular market analysis and benchmarking to assess the competitiveness of the organization's compensation packages and be aligned with industry standards.
• Monitor and respond to changes in legislation and regulations that impact compensation practices. Provide guidance and expertise on regulatory compliance and best practices related to compensation.
• Lead the annual salary review process, including creating salary structures, conducting benchmarking studies, and recommending adjustments as needed.

Qualifications

• Bachelor's Degree in Human Resources, Business or related discipline - Preferred.
• 2 years of project management experience.
• 5 years of experience in Compensation analysis, design, and implementation, preferably in a large organization.
• CCP, PHR a plus.

Compensation

In the spirit of pay transparency, we are excited to share that the starting base pay range for this position is $90,000 - $130,000 annually. Please remember that this range is the base pay only and does not consider other components that make up the total rewards package for the position. If you are hired at Paychex, your overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience, which may result in total compensation outside of this range.