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Compensation Analyst

Cheshire, CT | Full Time
2 Months Ago

Job Description

Role   As the Compensation Analyst, you will partner with leaders of the organization to develop, recommend, implement and maintain various compensation programs to drive and reward performance of the organization.     Responsibilities In this role, you’ll focus on:   Participating in and gathering data from market-based compensation surveys; using spreadsheet and data analysis techniques to assess results and market trends in order to ensure competitiveness. Converting data into meaningful insights Preparing and maintaining job descriptions for all positions in the organization; ensuring descriptions accurately reflect the work being performed by incumbents. Conducting job analysis and total compensation reviews with business leaders Ensuring proper FLSA status, job leveling integrity and regulatory compliance Leading the job evaluation process and educating leaders on organizational compensation practices Analyzing market benchmarking, budget implications and providing recommendations to improve organizations reward programs In partnership, developing, recommending and implementing incentive and variable compensation programs Preparing and maintaining job classifications and salary scales Preparing and presenting summary reports of job analysis and compensation analysis information   Skills   Experience interpreting and applying wage & hour laws, and FLSA classifications Exceptional communication skills, both written and verbal and interpersonal and presentation skills Highly proficient in Excel and all Microsoft Suite Demonstrated ability to lead and manage complex projects Extensive knowledge of quantitative and qualitative research methods Extensive knowledge of human resource laws, regulations and best practices Excellent written and verbal communication skills Excellent organizational and time management skills   Desired Qualifications   5 years of progressively complex compensation experience including data collection and analysis, working knowledge of compensation systems, job evaluation methodology, and principals of wage/salary administration Bachelor’s Degree – Human Resources Management, Certified Compensation Professional (CCP) SHRM-CP or SHRM-SCP preferred. Desired Competencies and Characteristics:   Excellent relationship builder & influencer. Aligns execution Exceptional Business Acumen Manages ambiguity Strategic orientation Demonstrated ability and courage to handle change Visible, hands-on approach Developer of Talent Personal values are consistent with our company values

Skills for Compensation Analyst

The job skills required for Compensation Analyst include Analysis, Job Evaluation, Benchmarking, Presentation, Job Analysis,and compensation analysis etc. Having related job skills and expertise will give you an advantage when applying to be a Compensation Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compensation Analyst. Select any job title you are interested in and start to search job requirements.

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Career Path for Compensation Analyst

The following is the career advancement route for Compensation Analyst positions, which can be used as a reference in future career path planning. As a Compensation Analyst, it can be promoted into senior positions as a Stock Plan Administrator III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Analyst. You can explore the career advancement for a Compensation Analyst below and select your interested title to get hiring information.