Compensation Analyst Job Description template and pdf with duties [2024]

Job summary 1

The Compensation Analyst provides position design consultation, position classification, FLSA designation, and compensation analyses. This position serves as a subject matter expert and conducts all responsibilities with the highest degree of professionalism and confidentiality.

Duties & Responsibilities 1

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Requirements & Skills 1

Bachelor Degree or equivalent combination of education/job related experience
24 months working in a Compensation and/or Human Resources role
Proficient in Microsoft Office
Highly organized and able to handle multiple projects and deadlines
Strong customer service orientation
Able to read and interpret policy
- Must be able to perform basic data analysis
- Composition and proofreading skills
- Excel skills, with ability to build and manipulate spreadsheets

Job summary 2

The Compensation Analyst is responsible for performing analysis and administration of compensation programs. The incumbent will manage salary administration for assigned divisions, conduct classification and job reviews, participate in compensation surveys, and conduct market and other relevant data analysis. This position will proactively work with the compensation team, Organizational Excellence staff, agency employees, and members of the executive and leadership team.

Duties & Responsibilities 2

Creates, revises and maintains job descriptions for all agency positions.
Coordinates and plans job analysis, classification reviews, career ladder design, and job description development.
Prepares and revises job descriptions and conducts classification compliance audits and reviews as necessary.
- Reviews, tracks, and processes and employee personnel action forms.
- Provides training, technical assistance, policy interpretation, and advice to managers and staff regarding classification and compensation matters.
- Assists with planning, coordinating and implementing payments and changes related to the Incentive Compensation Plan.

Requirements & Skills 2

Job summary 3

We are looking for a Compensation Analyst to support our HR and Recruiting teams. In this role you will be responsible for a focus on Compensation Analytics & Technology, while serving as a compensation consultant to the business for both broad-based and executive compensation.

Duties & Responsibilities 3

Drive Compensation Analytics & Technology efforts, partnering with the HRIS team to provide focus on development and construction of compensation resources. This will include the development and maintenance of job codes, compensation grades and incentive plan tracking.
Support Compensation Initiatives via your ability to take on projects or segments of compensation design and management. Projects could include conducting ad hoc market compensation analysis, long-term and short-term incentive plan design and administration, and development of training/coaching materials for HR Partners, Recruiters and Leaders.
Consult on design and administration of broad-based and executive compensation needs.
Advise HR Partners and Recruiters on compensation programs and concerns such as promotion adjustments, new hire offers and any other job evaluations.
- Assist with incentive plan design and administration by benchmarking competitive incentive pay levels and plan designs, influencing plan design improvements, and administering all tools and processes to execute tracking and paying incentives.
- Support compensation practices ensuring compliance with federal and local laws and regulations such as FLSA to identify areas of noncompliance and develop corrective action plans.
- Take on other projects as needed within the broader HR Operations function to continue to build a world class HR infrastructure - projects could include global remuneration strategy development, strategic workforce planning, program effectiveness.

Requirements & Skills 3

Job summary 4

We are looking for an experienced, energetic Compensation Analyst to join our HR Operations team. In this role, you will be responsible for the framework and delivery of our global compensation practice. This is a great opportunity for a compensation professional who enjoys both thinking high level about our compensation strategy and the day-to-day compensation activities to ensure Snap One can attract and retain talent. In this role, you will report to the Vice President of Human Resources Operations and will be responsible for the global compensation program, inclusive of employee pay structure, bonus, commission, and equity plans. This position will plan, develop and implement compensation programs, policies and procedures to align with the company goals and competitive practices. The Compensation Analyst will be responsible for ensuring the company compensation programs are consistently administered in compliance with internal policies and government regulations.

Duties & Responsibilities 4

Prepare and maintain job classifications and salary levels by assessing jobs and their respective duties to determine classification as exempt or nonexempt and appropriate compensation range
Coordinate and administer company-wide bonus and merit program
Maintain current knowledge of federal, state and local compensation laws and regulations to ensure compliance
Conduct job benchmarking and market analysis evaluations to design and implement compensation programs, policies and procedures
Review programs and make recommendations for existing, new or changing jobs, offers, promotions, and transfers to ensure a competitive market position
Build and maintain partnership with business line leaders to ensure a strong understanding of their business and talent needs
- Support the design and delivery of sales compensation plans
- Provide assistance to Talent Acquisition on the development and maintenance of competitive pay levels for new hires
- Partner with the legal department to support the Long-Term Incentive Plan

Requirements & Skills 4

Bachelor’s degree and 7+ years’ experience in employee compensation planning and human resources; or 10+ years’ experience in employee compensation planning and human resources
- Experience in data analysis, specifically using Microsoft Excel
- Demonstrated experience in conducting compensation research, analyzing information and data, problem solving and presenting findings
- Knowledge of Fair Labor Standards Act (FLSA) and other laws and regulations related to employee compensation

Job summary 5

We are looking for a fearless, goal-oriented Compensation Analyst experienced with Variable Compensation (VC) in a multi-national organization! This position will support the annual VC planning, approval, documentation, and implementation process. This person will work closely with Commercial Operations and Sales Management and assist in crafting and maintaining quarterly analytics and reporting packages for presentation to Sales and Finance leadership.

Duties & Responsibilities 5

Develop ad hoc impact analysis to support decision making process
Manage annual analysis of incentive process, evaluate data integrity, summarize results, produce reports, and present findings to decision-makers
Lead procedures to streamline processes and ensure continuity during Sr. Business Partner absence
- Initiate improvements across financial and Commercial Operations VC tools and systems; develop SPIFs (Sales Performance Incentive Funds) for product launches and other initiatives
- Collaborate with all levels of the global Commercial Operations, Sales, Finance, and HR
- Create models and projections for incentive programs, showing annual and fiscal impact for each alternative

Requirements & Skills 5

Bachelor’s degree in business administration, finance, or related field, plus 3+ years proven ability OR Master’s degree in the field
Proven track record working with ERP, financial, and CRM systems required; Prior experience with VC tool(s) ideal
- Ability to maintain composure and regularly re-prioritize tasks
- Previous analytical skills, communication skills, and attention to detail required
- Proven problem-solver with expert knowledge in qualitative and quantitative data analyses and presentation/visualization (MS Excel, Qliksense, MS-PowerPoint, etc.)

Job summary 6

We are seeking a Compensation Analyst to support our quickly-growing team. This role will partner with Talent Acquisition, People & Culture Business Partners, People Ops and Curology leaders to provide analysis around compensation-related questions, help implement a newly-developed system of compensation bands and job architecture, and maintain company compensation programs.

Duties & Responsibilities 6

Conduct job analysis, evaluation and as-needed market research to determine appropriate salary grades, ranges, and pricing based on internal and external equity.
- Work closely with People & Culture Business Partners and Talent Acquisition teams on proposals for new hire offers, promotions, and adjustments.
- Participate in a variety of People Operations and Compensation related analytical projects.
- Support industry market survey submission processes.

Requirements & Skills 6

Job summary 7

We're looking for a passionate Compensation Analyst to join our team. This position will be a key member in enforcing and evolving Company's compensation philosophy and programs to attract and retain the market's top talent.

Duties & Responsibilities 7

Requirements & Skills 7

You have ~5 years working with compensation programs and analysis (1-2 years of sales compensation experience is a plus)
You are comfortable working with compensation survey data (strong preference for Radford knowledge)
Experience in various HRIS systems is required with a strong preference for Workday
Experience working with equity in a public or private company setting
You have strong analytical skills as you will be required to understand and effectively use data and metrics to dictate processes/workflows. Proficiency in Excel and other data tools is important.
- You enjoy building things and continually strive to do things better than the status quo. You are intellectually curious.
- Excellent verbal and written communication skills, ability to influence and outstanding organizational skills and attention to detail.
- You are able to work cross functionally with different areas of an organization.

Job summary 8

The Compensation Analyst reports to the Compensation Manager and administers and develops base and variable pay compensation programs in a diverse, high compliance environment. You will combine high partner involvement with advanced analytical demands.

Duties & Responsibilities 8

You will be HR liaison to departments and high influence partners
Provide pay recommendations, guidance, and solutions to Bank management
You will administer and design base pay and variable pay programs
- Manage compensation market data and analytics
- You will conduct comprehensive reviews of Bank-wide and department pay strategy, job analysis, pricing, and prepares job descriptions
- Manage cross functional projects and participate on work teams

Requirements & Skills 8

Bachelor's degree or equivalent experience
5 to 7 years of professional work experience
Applied advanced expertise of Compensation principles and best practices
Advanced data analysis and spreadsheet skills
Strong communication and presentation skills
Excellent analytical and problem solving skills
- Demonstrate independent thinking and decision-making abilities
- Experience in a customer-facing, business partner role
- Proficiency with HR systems, data management, and report writing

Job summary 9

The Compensation Analyst will be supporting the ongoing assessment and optimization of all compensation programs for Company. The Compensation Analyst will be fully engaged in the organization: the brand, culture, strategies, financials, public image, core values and people.

Duties & Responsibilities 9

Conduct analyses for compensation projects, including financial analysis of compensation programs and initiatives
Conduct market pricing
Create financial cost models
Manage the global job architecture framework and related salary ranges
Prepare charts and graphs for presentations regarding compensation and other Talent initiatives
Assess current processes and implement improvements to increase productivity
- Participate in the administration of the annual merit and variable pay plan process
- Complete annual salary survey submissions globally and analyze survey results
- May assist in on-going equity plan administration by maintaining and reconciling equity program data with stock plan administrator, running reports, and answering stock plan related inquiries

Requirements & Skills 9

Bachelor's degree in a business-related field, ideally with an emphasis in finance, economics, statistics, mathematics or accounting
At least 4 years of compensation consulting or corporate executive compensation experience
Strong knowledge of broad-based compensation programs and practices
Expert proficiency with the Microsoft Office Suite (Excel, Word, PowerPoint)
- Strong organizational skills, analytical ability and attention to detail
- Excellent communication and interpersonal skills
- Ability to handle confidential information and escalate issues when appropriate

Job summary 10

The Compensation Analyst will support the organization's compensation programs by participating in compensation related tasks and contributing to the overall compensation function.

Duties & Responsibilities 10

Requirements & Skills 10

Associate's Degree
High proficiency in Excel
- Ability to foster team work and collaboration across departments/functions
- Detail Oriented
- High level of interpersonal skills to handle sensitive and confidential matters

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