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Title
Text copied to clipboard!Compensation Analyst
Description
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We are looking for a Compensation Analyst to join our team. The ideal candidate will be responsible for analyzing and determining the compensation and benefits for all employees. This includes researching job requirements and skills, evaluating job positions to ensure the company is competitive in the areas of salaries and employee benefits. The Compensation Analyst will also collaborate with HR staff to ensure that the company attracts and retains top talent. This role requires a deep understanding of compensation practices and trends, as well as excellent analytical skills.
Responsibilities
Text copied to clipboard!- Analyze company compensation policies
- Evaluate job positions, determining classification, exempt or non-exempt status, and salary
- Plan, develop, and implement new and revised compensation programs
- Conduct salary surveys and analyze survey data to determine competitiveness
- Collaborate with HR staff on salary offers, promotions, and transfers
- Prepare compensation analyses and reports for management
- Ensure company compliance with federal and state laws
- Administer employee insurance, pension and savings plans
- Advise management on compensation actions for employees
- Participate in compensation surveys to collect and analyze competitive salary information
Requirements
Text copied to clipboard!- Bachelor's degree in Human Resources, Business Administration, or related field
- Proven experience as a Compensation Analyst
- Knowledge of HRIS and spreadsheet software
- Excellent analytical skills
- Understanding of HR practices and compensation cycle management
- Working knowledge of job evaluation and job analysis systems
- Excellent communication skills
- Ability to effectively collaborate with team members
- Strong attention to detail
- Knowledge of labor legislation and pay equity principles
Potential interview questions
Text copied to clipboard!- Can you describe your experience with HRIS and spreadsheet software?
- How do you ensure the company's compensation policies are competitive?
- Can you explain your approach to job evaluation?
- How do you handle discrepancies in compensation among employees?
- Can you describe a time when you had to advise management on compensation actions?