What are the responsibilities and job description for the Compensation Analyst position at Thompson CAT?
Position Summary
The Compensation Analyst is responsible for the strategic oversight and operational execution of the organization’s compensation programs. This role ensures accuracy in compensation administration and designs competitive compensation structures that support business objectives. The Compensation Analyst partners with key stakeholders to attract, motivate, and retain talent while ensuring compliance with all applicable federal, state, and local regulations. The ideal candidate brings a balanced combination of deep compensation and payroll expertise along with the strategic mindset necessary to drive total rewards excellence.
Essential Responsibilities & Expectations
Compensation Strategy & Operations
- Develop, implement, and manage compensation structures, including all job grading systems.
- Conduct market analyses and benchmarking studies using compensation databases, surveys, and external data providers.
- Administer annual compensation programs, including merit increases, bonus programs, and equity plans (where applicable).
- Perform compensation-related audits and recommend process improvements as needed.
- Conduct job evaluations and partner with Human Resources to review, document, and maintain role classifications.
- Partner with the Director of Human Resources and the Compensation Committee to ensure competitive offers and pay equity across the organization.
- Ensure compliance with FLSA, equal pay regulations, and internal equity standards.
Perform other duties as assigned.
Company Expectations
- Uphold the Core Values of Safe and Secure, Stronger Together, People of Integrity, and Driven to Serve
- Foster a positive and inclusive work environment by consistently acting and communicating in a way that reflects the Thompson Tractor brand and values while working effectively with customers, clients, vendors, coworkers, and management.
- Proper and regular attendance is required.
This position is not currently offered remotely.
Qualifications
Education
Bachelor’s degree in Human Resources, Finance, Accounting, or related field required.
Experience
2–4 years of experience in payroll and compensation administration preferred.
Skills and Competencies
- Excellent written and verbal communication skills
- Strong organizational and time management skills
- Strong analytical and problem‑solving abilities
- Proficiency in the Microsoft Office Suite
- High level of accuracy with strong attention to detail
- Positive attitude with a high degree of integrity and trustworthiness
- Sense of urgency with the ability to work independently and manage priorities
Job Training
- Microsoft Dynamics AX 2012 / Microsoft Dynamics 365
- UKG, Workday, and other HRIS/HCM systems
- PayScale, Salary.com, Korn Ferry, and other compensation databases
- Microsoft SharePoint
Safety Summary
Working Conditions
Work is normally performed in an office environment. No or very limited physical effort is required for this position.
Physical Requirements
- Speaking
- Listening
- Writing
- Typing
- Reaching
- Kneeling
- Grasping
- Stooping
- Lifting up to 25 lbs.
Job Hazards
- Ergonomic hazards
- Electrical hazards
- Fire hazards
- Contagious illnesses
- Slipping, tripping, falling
Thompson Tractor is an Equal Opportunity Employer including Veterans and Individuals with Disabilities.
Experience
Preferred- 2–4 years of experience in payroll and compensation administration preferred.
Education
Required- Bachelors or better in Accounting or related field
- High School or Equivalent or better
Skills
Required- Results Oriented
- Time Management
- Computer
- Microsoft Office
- Financial
- Written Communication
- Verbal Communication
- Organizational
- Analytical
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.