Compensation Analyst I

About the role

The Compensation Analyst I is responsible for analyzing, implementing, and maintaining the company’s compensation programs. This role involves conducting market research, evaluating job positions, and ensuring that the company’s compensation practices are competitive and compliant with legal requirements.

Responsibilities

• Conduct market research and analysis to determine competitive compensation practices.
• Evaluate jobs and positions to ensure internal equity and external competitiveness.
• Assist in evaluating and maintaining career/job level architecture and job families.
• Assist in the developing and implementing compensation policies and procedures.
• Assist in maintaining company short- and long-term incentive programs.
• Prepare and present reports on compensation analysis and recommendations.
• Collaborate with HR and management to address compensation-related issues.
• Ensure compliance with federal, state, and local compensation laws and regulations.
• Coordinate salary surveys, analyze survey data to benchmark company positions, and maintain market evaluation datasets.
• Support the annual compensation review process, including salary adjustments, bonus, and equity distributions.

Requirements

Education: Bachelor's degree (or equivalent knowledge) in Human Resources, Business Administration, Finance, or a related field or a related field.

Work Experience: 1 plus years of experience in compensation analysis or a related HR role.

Knowledge / Skills / Abilities:

• Demonstrated critical thinking, research, analytical, and quantitative skills.
• Strong attention to detail, ability to draw conclusions, summarize results, and make effective decisions when working with large data sets from multiple sources.
• Proficiency in MS Office applications.
• Highly proficient with Excel.
• Demonstrated understanding of the laws and regulations that affect