Compensation analyst Job Description
Compensation analyst Job Description Template
A Compensation Analyst evaluates and implements an organization's pay structure. Responsibilities include researching competitive salaries, analyzing company compensation policies, and ensuring compliance with legal regulations. Tasks involve data analysis, report generation, and policy development.
Responsibilities:
- Conducting job evaluations and market analysis to determine appropriate salary levels for each position within the company.
- Assisting in the development and implementation of compensation programs, policies, and procedures.
- Analyzing salary survey data and making recommendations on pay structures, incentives, and bonus programs.
- Creating and maintaining accurate job descriptions and job classification systems.
- Collaborating with HR and management teams to ensure compliance with legal and regulatory requirements regarding compensation and benefits.
Requirements:
- Bachelor's degree in finance, business administration, or related field
- At least 3 years of experience in compensation analysis or related field
- Advanced knowledge of Excel and other data analysis tools
- Strong understanding of compensation laws, regulations, and best practices
- Excellent analytical and problem-solving skills
- Ability to communicate complex data and analysis to both technical and non-technical audiences
- Strong attention to detail and accuracy in work
- Ability to work independently and as part of a team in a fast-paced environment
