Compensation Analyst

Job Summary: The Compensation Analyst II will play a critical role in evaluating and analyzing compensation programs to ensure competitiveness and alignment with the organization's objectives. This position requires a solid understanding of compensation principles and the ability to handle complex data analyses.

Supervisory/Management Authority
No supervisory/management authority.

Essential Job Duties and Responsibilities:

• Gathers data from market analyses to assess results and market trends.
• Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
• Prepares and maintain compensation structures and salary ranges.
• Prepare detailed compensation reports and dashboards for management review.
• Analyze and interpret compensation data to provide insights and recommendations.
• Coordinate and administer the annual merit increase and bonus processes.
• Ensure compliance with compensation-related regulations and internal policies.
• Assist in the design and implementation of incentive and rewards programs.
• Collaborate with HR and business leaders on compensation-related projects.

Education and Experience Requirements:
Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field and 3 or more years of experience in compensation analysis or a related field.

Knowledge, Skills, and Abilities:

• Proficiency working in HRIS systems and compensation software with advanced skills in Microsoft Excel and data analysis tools.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple projects and meet deadlines.
• Maturity and the ability to handle sensitive and confidential information with discretion
• Knowledge of compensation laws and regulations.
• Certification in compensation (e.g., CCP) is a plus.

Work Environment:

• Work is primarily performed in a climate-controlled office setting and may require visits to the manufacturing facility with seasonal hot/cold temperatures, dust, loud noise and chemical fume exposure.
• Sit and stand for long periods of time.
• Ability to lift up to 15lbs.
• Work may require travel, including overnight stays.

Disclaimer:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at a time with or without notice. This job description is not an exhaustive list of all functions that the employee may be required to perform, and the employee may be required to perform additional functions. The company reserves the right to revise this job description at any time. The employee must be able to perform the essential functions of the position satisfactorily. If requested, reasonable accommodations may be made to enable employees with disabilities to perform the essential functions of the job, absent undue hardship.