Businessolver
Benefits Technology, Powered by People
Compensation Analyst
Location
United States
Posted
7 days ago
Salary
Not specified
No structured requirement data.
Job Description
The Compensation Analyst is responsible for researching, analyzing, and administering compensation programs to ensure an organization remains competitive in attracting and retaining talent. This role involves:
Evaluating job positions
Participating in salary surveys
Providing data-driven recommendations on pay structures and various incentives
This position will work closely with Engagement Business Partners and business leaders to align compensation objectives and efforts along with providing consultation, advice, and guidance in support of business goals.
The Gig:
Provide support to HR and business professionals on the execution, implementation, and administration of compensation programs and policies to help attract, retain, and motivate employees.
Apply knowledge and expertise in compensation best practices to ensure company competitive pay position to market while following Businessolver’s compensation philosophy and pay guidelines.
Perform complex analytical studies in a variety of compensation areas, such as internal equity, competitive pay practices, incentive compensation, and emerging trends.
Conduct research, evaluation, and analyses of internal and external market research, analyze competitive position and market trends, and make recommendations for base salary structures, promotional adjustments, market adjustments, new hire job offers, and/or variable pay programs, as needed.
Perform market reviews, pay equity analyses, and studies for external benchmarking to support fair and equitable pay practices.
Build various compensation models, prepare written exhibits, summaries, and recommendations for market adjustments and special pay programs.
Give presentations on compensation programs to management and employee groups.
Participate in compensation survey benchmarking, input, and reporting.
Partner with external survey vendors to ensure requirements and deadlines are met.
Support other Total Rewards projects on an as-needed basis.
Job Requirements
- Bachelor’s degree in Business, Accounting, Finance preferred
- 0-3+ years of experience in compensation analysis required
- We are open to recent (and soon to be) graduates
- Strong analytical skills with proficiency in data analysis tools such as Excel, HRIS systems, and compensation software
- Knowledge of compensation principles, market pricing, and job evaluation methodologies
- Excellent communication and interpersonal skills for conducting interviews and presenting findings to stakeholders
- Ability to handle sensitive information with discretion and maintain confidentiality
- Detail-oriented with a focus on accuracy in reporting and compliance
- Ability to multi-task and work independently in a fast-paced environment
- The pay range for this position is 45K to 70K per year (pay to be determined by the applicant’s education, experience, knowledge, skills, abilities, balanced against internal equity and competitive market based geographic ranges)
- This role is eligible to participate in the annual bonus incentive plan
Benefits
- If this position is full-time or part-time benefit eligible, you will receive a comprehensive benefits package which can be viewed here .
- Equal Opportunity at Businessolver
- Businessolver is an Affirmative Action and Equal Opportunity Employer and is proud to offer equal employment opportunity to everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, veteran status, and more. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements.
