Sr Compensation Analyst

Overview

As a Senior Compensation Analyst, you will lead and own Paychex’s end-to-end compensation processes, including annual merit cycles, bonus programs, market adjustments, and promotion administration, ensuring seamless execution and strategic alignment.

You will serve as a trusted advisor for Paychex’s annual equity administration, driving equity strategy and ensuring accurate and impactful equity program delivery.

You will shape and oversee the design and ongoing evolution of comprehensive pay structures that align with business goals, proactively addressing regulatory changes and market dynamics.

You will act as a strategic partner to People Strategy Partners and senior leadership, providing expert guidance on complex compensation challenges and leading cross-functional projects that drive organizational impact.

You will lead the job classification process with advanced job analysis, pay grade determination, and FLSA status evaluation to ensure role clarity and equitable compensation.

You will design and deliver sophisticated tools and frameworks that support salary recommendations, balancing internal equity and market competitiveness; provide consultative support to Talent Acquisition on complex compensation offers.

You will produce comprehensive, high-impact compensation analyses and recommendations, tackling complex scenarios that influence Paychex-wide Total Rewards strategies.

You will analyze and interpret salary survey data to inform strategic compensation initiatives, presenting actionable insights and occasionally leading survey participation efforts.

You will collaborate closely with HR Operations and Payroll teams to uphold the highest standards of data quality, integrity, and process efficiency.

Responsibilities

• Lead and own Paychex’s end-to-end compensation processes, including annual merit cycles, bonus programs, market adjustments, and promotion administration, ensuring seamless execution and strategic alignment.
• Serve as a trusted advisor for Paychex’s annual equity administration, driving equity strategy and ensuring accurate and impactful equity program delivery.
• Shape and oversee the design and ongoing evolution of comprehensive pay structures that align with business goals, proactively addressing regulatory changes and market dynamics.
• Act as a strategic partner to People Strategy Partners and senior leadership, providing expert guidance on complex compensation challenges and leading cross-functional projects that drive organizational impact.
• Lead the job classification process with advanced job analysis, pay grade determination, and FLSA status evaluation to ensure role clarity and equitable compensation.
• Design and deliver sophisticated tools and frameworks that support salary recommendations, balancing internal equity and market competitiveness; provide consultative support to Talent Acquisition on complex compensation offers.
• Produce comprehensive, high-impact compensation analyses and recommendations, tackling complex scenarios that influence Paychex-wide Total Rewards strategies.
• Analyze and interpret salary survey data to inform strategic compensation initiatives, presenting actionable insights and occasionally leading survey participation efforts.
• Collaborate closely with HR Operations and Payroll teams to uphold the highest standards of data quality, integrity, and process efficiency.

Qualifications

• Bachelor's Degree in Human Resources, Business or related discipline.
• PREFERRED: CCP certification.
• PREFERRED: 3 years of experience in Exempt level experience in Human Resources with an emphasis in compensation.
• Microsoft Excel.
• PREFERRED: Management.
• PREFERRED: Research.
• PREFERRED: Planning.
• PREFERRED: Writing.
• PREFERRED: Compensation Analysis.
• PREFERRED: Ad Hoc Analysis.
• PREFERRED: Finance.
• PREFERRED: Project Management.
• PREFERRED: Job Evaluation.
• PREFERRED: Statistics.
• PREFERRED: Auditing.
• PREFERRED: Market Value.
• PREFERRED: Human Resources Information System (HRIS).
• PREFERRED: Market Pricing.
• Compensation In the spirit of pay transparency, we are excited to share that the starting base pay range for this position is $82,500 - $130,000 annually. Please keep in mind that this range is the base pay only and does not consider other components that make up the total rewards package for the position. If you are hired at Paychex, your overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range.