What are the responsibilities and job description for the Compensation Analyst position at Thompson Tractor Company?
Job Details
Description
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
Company Expectations
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
Working Conditions
Work is normally performed in an office environment. No or very limited physical effort is required for this position.
Physical Requirements
Description
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.
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.
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
- 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
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.
- Ergonomic hazards
- Electrical hazards
- Fire hazards
- Contagious illnesses
- Slipping, tripping, falling