Compensation Analyst

POSITION SUMMARY

The Compensation Analyst is an integral part of the Compensation team and support of the base salary administration program, Compease. The primary role is to evaluate jobs to determine appropriate market pricing and pay grades and prepare documentation speaking to the accuracy of the evaluations. 

DUTIES & RESPONSIBILITIES

New System Builds

• Conducts kick-off calls with new clients to introduce them to our process, next steps, deliverables, and timeline.
• Acts as primary point of contact for each assigned client until the system is completed and passed on to the consultant for implementation. 
• Receives client census data and job descriptions. Analyzes data received to determine the completion and accuracy of information provided. Contacts client with any questions or concerns related to their data. Provides recommendations to clients around best practice with geographic differentials and other salary administration questions.
• Performs data imports of client data into Compease system, ensuring accuracy and validity of outputs.
• Responsible for evaluating all jobs for each client system assigned, referencing job descriptions and base salary market data to help align positions to proper grades. Matches job titles to benchmark jobs where applicable by reviewing client job descriptions.
• Researches and maintains geographic differentials for new systems and adds locations for existing clients.
• Completes final analysis and key findings to document and share with consultant.

Market Pricing & Job Evaluation 

• Reviews job descriptions provided by existing clients to make a recommendation of appropriate grade and/or market rate. Collects and analyzes salary survey data to determine appropriate base salary market value of position being reviewed.
• Prepares email communication and/or reports to present findings to the client.
• Researches and updates Compease benchmark job content, including job descriptions and market pricing. Works as part of a team to review the relevance of existing data or content and participates in updating as appropriate.

Internal Spreadsheets

• Prepares master spreadsheets by updating data and formulas in preparation for the next data year.
• Inputs base salary data from salary surveys, ensuring accuracy of information and formulas. Understanding complex formulas and identifying where an error may exist is essential. 
• Makes recommendations on appropriate matches to salary survey data cuts and identifies where changes may be needed.

Client Support

• Provides client support for complex compensation questions and technical questions about Compease.
• Participates in quarterly product release testing (usually 8:00-10:00pm ET). 

Annual Salary Survey

• Participates in the data collection, analysis, and publication of our annual salary survey. Must be able to accurately scrub data to identify outliers and inaccurate job matches to determine viability of data.
• Adhere to all Safe Harbor guidelines in salary survey data collection and analysis.
• Research additional methods for data analysis and publication to improve efficiency in salary survey production.
• Complete other duties and special projects as assigned. 

SKILLS & ABILITIES 

• Strong research and analytical skills
• Excellent attention to detail
• Initiative in self-assignment of work
• Excellent project management and time management skills
• Ability to adjust to change and work requirements
• Problem-solving skills
• Excellent written, interpersonal, and group communication skills, via phone, video conference, and email with all levels of management
• Ability to work both independently and in an engaged team environment
• High sense of urgency with an emphasis on customer service
• Strong computer skills with work experience in Microsoft Office (Word, Excel, and PowerPoint)
• Advanced Excel skills (e.g., pivot tables, vlookup/xlookup)
• Presentation skills

QUALIFICATIONS 

• Bachelor’s degree or commensurate work experience
• PHR/SPHR or SHRM-CP/SHRM-SCP or CCP certification preferred
• 2+ years of related experience
• Thorough knowledge of state and federal regulations related to compensation decisions and FLSA determinations related to compensation decisions and record requirements.
• Experience with and understanding of point factor evaluation and salary surveys

TRAVEL

< 5% (Travel for in-person meetings twice a year)

SUPERVISORY RESPONSIBILITIES
None

The above information has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.