Compensation Analyst
About the role
The Compensation Analyst assists in developing and analyzing compensation programs that support the company's talent strategy while ensuring market competitiveness, internal equity, and compliance with applicable laws and regulations. This role partners with Human Resources Business Partners, Finance, and the Compensation Manager to evaluate jobs, conduct market analyses, and provide data-driven recommendations on salary structures, incentive programs, and compensation policies.
Responsibilities
- Ensure compliance with federal, state, and local pay regulations, including pay transparency and equal pay requirements.
- Partner with HR Business Partners and hiring managers to provide compensation guidance for offers, promotions, transfers, and retention requests.
- Assist in the analysis of the Incentive plan.
- Audit compensation data for accuracy and identify trends or discrepancies.
- Participate in compensation surveys and maintain relationships with survey vendors.
- Partner with HR Business Partners to understand and define job descriptions, utilizing tools and guidelines to evaluate jobs, determine exemption status, market range, and job alignment.
- Assist in the development of annual budgets and merit processes.
- Work with Compensation Manager and Senior Compensation Analyst to administer the Annual Merit and Incentives programs.
- Conduct analyses to ensure compliance with applicable DOL and minimum wage laws.
- Participate and/or lead compensation projects as needed, tracking and reporting on project status for the Compensation Team.
- Own and maintain PayScale Application.
- Own and maintain the creation and auditing of Job Profiles.
- Perform all other duties as assigned.
Requirements
- Bachelor’s Degree in Human Resources, Finance, or a related field (preferred).
- Certified Compensation Professional (CCP) or SHRM-CP/PHR certification (preferred).
- 1-2 years of Compensation or Finance experience.
- Experience using PayScale software and Workday (preferred).
Physical Requirements
- Regularly performs computer work and sits.
- Occasionally walks or stands.
- Seldom/Never lifts up to 50 lbs.
Independent Judgement
Performs duties within the scope of general company policies, procedures, and objectives. Analyzes problems and performs needs assessments. Uses judgment in adapting broad guidelines to achieve desired results. Regular exercise of independent judgment within accepted practices. Makes recommendations that affect policies, procedures, and practices.
Benefits
- Discounts on retail merchandise, restaurants, world-class resorts, and conservation attractions.
- Medical, dental, and vision coverage.
- Health Savings Account (HSA).
- Flexible Spending Account (FSA).
- Voluntary benefits.
- 401k Retirement Savings Plan.
- Paid holidays, vacation, and sick time.
- Bass Pro Cares Fund.
- And more!