Analyst, Compensation Job Description

Analyst, Compensation Job Description

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Analyst, compensation provides compensation guidance and support to internal business functions through consultation, excel models/tools, and training materials in support of compensation program administration.

Analyst, Compensation Duties & Responsibilities

To write an effective analyst, compensation job description, begin by listing detailed duties, responsibilities and expectations. We have included analyst, compensation job description templates that you can modify and use.

Sample responsibilities for this position include:

Design and build compensation reports and tools to inform compensation program decisions and forecast, report, and analyze compensation business outcomes
Analyze compensation-related transactions to ensure compliance with compensation program
Working on various compensation related projects and will being a key team member in the support and design and implementation of the organization's compensation strategy
Assist in developing and updating compensation models/structures to assess current compensation practices and competitive market positioning
Participate in the development and completion of compensation programs and initiatives such bi-annual compensation reviews, competitive market analysis and ad hoc requests
Manage external compensation survey process and participation
Assist HR Business Partners and Recruiters with compensation related issues and questions
Provide analysis of external and internal compensation data and recommend changes
Work with HRIS team to ensure that Workday is updated with any compensation changes
Create and generate recurrent and ad-hoc compensation and equity reports for Human Resources, Legal, Finance and senior management

Analyst, Compensation Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Analyst, Compensation

List any licenses or certifications required by the position: CCP, PHR, SPHR, SHRM, HR, GRP, CP, CEBS, CEP, CFA

Education for Analyst, Compensation

Typically a job would require a certain level of education.

Employers hiring for the analyst, compensation job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Business/Administration, Education, Accounting, Economics, Statistics, Mathematics, Management

Skills for Analyst, Compensation

Desired skills for analyst, compensation include:

Excel
HR systems
Microsoft Access and VBA
New functionality and compliance changes
Compensation
MS Excel
MarketPay
Word
Microsoft Excel
Oracle HCM

Desired experience for analyst, compensation includes:

Information gathering / research of trends, regulatory requirements
Spend vs
Financial analysis and projections
Bonus chargebacks
Analysis and reporting requests for HR, Legal, or other parties
Interacting with Payroll, IT, and Data Entry/Transaction Team

Analyst, Compensation Examples

1

Analyst, Compensation Job Description

Job Description Example
Our company is hiring for an analyst, compensation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for analyst, compensation
  • The design and administration of our compensation programs
  • Preparation of detailed analyses and materials for meetings with senior management and the Compensation Committee
  • Preparation of submissions to compensation surveys
  • Work with HR Operations team to ensure SAP system meets compensation needs and is updated to reflect changes to job catalog, pay incentive programs
  • Monitor and maintain compensation-related data integrity via HCM platform
  • Assist with Executive Compensation such as participant eligibility, reporting, and program communication
  • Supporting the workforce planning and the Staffing Plan Processes as it relates to the compensation department
  • Providing reporting and analysis supporting the Year End Compensation Process
  • Facilitating and taking the lead in the Annual Compensation Survey Process
  • Participate in the analysis, development, design, communication and implementation of broad-based compensation programs
Qualifications for analyst, compensation
  • A Bachelor of Arts/Sciences Degree (4-year) in Human Resources, Business Administration or a related field
  • 3 to 5 years minimum related work experience
  • Experience benchmarking positions to third-party surveys
  • HRIS experience (i.e., PeopleSoft, UltiPro, ADP) is a must
  • Annual performance review support and salary planning process experience is a must
  • Knowledge of federal and state laws that affect HR policies and procedures, including EEOC, FLSA, FMLA, ADA, and other regulatory and compliance laws
2

Analyst, Compensation Job Description

Job Description Example
Our innovative and growing company is looking for an analyst, compensation. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for analyst, compensation
  • Assist in the development of compensation communications, presentations and training programs
  • Assist in developing compensation communication materials and manager trainings for new and ongoing programs
  • Manages annual salary increase and bonus processes for employees, working closely with other members of the Compensation Team and Business Partners, the Payroll and HRIS teams
  • Assists in the drafting of compensation related communication materials, letters and templates
  • Manage compensation processes and projects for respective business units in EMEA
  • Assists in the implementation of Compensation tools, programs and processes and comes up with fresh and diverse perspectives
  • Prepare compensation related analyses, presentation materials, reports
  • Expert MS Excel skills, and
  • 2-4 years business experience in an analytical position in a compensation environment (either consulting or in house)
  • Respond to compensation inquiries
Qualifications for analyst, compensation
  • Preparing presentations, reports and documents for various meetings
  • Desire to work in a fast-paced, constantly evolving environment
  • 2+ years of Compensation in a Healthcare / Hospital setting
  • Previous Budgeting, Data Analysis, and Compliance experience
  • Understanding of various retail environments based on geography, merchandise
  • 1 to 3 years of compensation or analytical experience
3

Analyst, Compensation Job Description

Job Description Example
Our innovative and growing company is looking for an analyst, compensation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for analyst, compensation
  • Partner with payroll and Finance as needed – budget review, compensation audit
  • Projects related to the administration of the company’s incentive plans and equity-based pay programs
  • Research and market pricing projects to help develop pay recommendations and related policies
  • Ensures accurate data flow through the various systems for EIP participants through monthly audits
  • Assists with preparation of various communication materials throughout the year for EIP participants including off cycle grants, annual grants, salary planning increases, EIP bonuses
  • Work with HR Business Partners and Recruiting staff on job evaluations, market pricing, and new job creation in HCM system (Workday)
  • Serve as technical project lead for merit and bonus review process and provides support to HR as needed
  • Assess and analyze programs, making recommendations to ensure effectiveness and execution in a timely manner
  • Provide in-depth analysis on base and variable pay
  • Participate in third party salary survey submission process
Qualifications for analyst, compensation
  • Strong work ethic, initiative, and follow-through
  • 2+ years in Human Resources operations which includes either payroll, HRIS, or benefits
  • Partners with businesses on executive, management and professional (equivalent to U.S. exempt) merit increases
  • Researching market trends and pay levels, proactively collaborating with HR Business Partners, Talent Management and leadership as appropriate
  • Conducting simple and complex data models
  • Making recommendations regarding salary grades/bands or market rates for specific jobs
4

Analyst, Compensation Job Description

Job Description Example
Our company is looking to fill the role of analyst, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst, compensation
  • Develops education and change management plans to ensure HR partners are equipped to empower leaders to effectively leverage the compensation programs to achieve their goals
  • Compiles sensitive and confidential personnel and compensation statistics and reports for authorized persons and/or agencies
  • Provide support to the AD compensation and HRBPs during the annual salary planning and bonus planning process to achieve the organizational goal of pay for performance
  • Prepares presentation materials to aid in the communication of compensation projects, analyses
  • Conduct compensation analysis utilizing existing tools
  • Analyze market data to include public, pre-IPO and private company financial data to assess all elements of compensation including base salary, bonus, long-term incentive
  • Executes compensation team projects requiring analysis of factors that cross organizational lines and impact multiple organizational units
  • Recommends and participates in assigned salary surveys in order to understand competitive compensation levels in the organization
  • Assists with the design, implementation and communication of a wide variety of compensation and salary administration programs
  • Works with outside counsel to process immigration paperwork for international employees (work permits, visas, green cards)
Qualifications for analyst, compensation
  • Heavy participation in (3) annual merit increase, and bonus goal setting evaluation processes
  • Review, edit, or create job descriptions and create and manage new job code structure to maintain compliance with internal naming convention
  • Partner with HRIS/HR Partners team to lead various audits on employee and job data in HRIS
  • Assist leadership with company-wide initiatives and projects
  • Studies and analyzes hourly wage/salaried jobs
  • Bachelor's degree in business, accounting, finance, or organizational development
5

Analyst, Compensation Job Description

Job Description Example
Our company is looking to fill the role of analyst, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst, compensation
  • Provides consultation to managers regarding effective compensation practices for individual employees and/or employee groups
  • Communicates compensation policies, programs and procedures
  • Responsible for the design, implementation, and/or administration of compensation and benefits plans, programs, and projects in our India region
  • Recommends system, process, and program improvements to facilitate the efficient operation and effective reporting of compensation programs
  • Assist with other compensation projects and programs not directly related to India as needed
  • Ability to build rapport with colleagues to provide trustworthy support and assistance
  • Coordinate payments with payroll for broad-based incentive payments which may include commission payments, project bonuses, special payments or imputed income items, year-end base salary adjustments and bonus payments
  • Maintain and assist with the development of policies and procedures for areas of responsibility
  • Collect, analyze, and summarize data in order to identify deficiencies and non-compliance with laws, regulations and policies
  • Perform, coordinate, and complete audits, while maintaining statistical and trend data
Qualifications for analyst, compensation
  • Knowledge of hr/personnel practices and principles, labor and pay laws or regulations
  • Prepare detailed Compliance reports on audit findings and provide a summary of results to leadership
  • Maintain a virtual library of all related compliance documents and audit reports
  • Manage and maintain process documentation
  • Establish and maintain rapport with business unit personnel by arranging continuing contacts, and resolving concerns
  • Enforce and support Compliance policy standards while providing quality service

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