The Compensation Analyst will research job roles, research competitive markets and collate data regarding compensation
Duties/Responsibilities:
- Able to gather, organize and analyze sources of numerical information into understandable and useable templates
- Benchmark jobs by duties, scope, competencies and qualifications against survey data and other market intelligence to determine competitive compensation ranges for each position
- Gather data from market-based compensation surveys
- Use spreadsheet and data analysis techniques to assess results and market trends
- Familiar with job descriptions and ensure descriptions accurately reflect the work being performed
- Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range
- Prepares and presents summary reports of job analysis and compensation analysis information
- Able to conduct data and cost analyses
- Research employee benefits in similar industries
- Advise clientele, as needed, on applicable state and federal employment regulations, benefits and compensation policies, human resource procedures and collective agreements
- Performs other related duties as assigned.
Required Skills/Abilities:
- 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
- Proficient with Compensation Data online tools and data repositories, Microsoft Office Suite and Adobe
Education and Experience:
- Two to three years of experience as a compensation analyst required
- Bachelor’s degree in Human Resources or related field preferred
- SHRM or HRCI certification preferred
