DescriptionThe Compensation Analyst is responsible for supporting the design, analysis, and administration of compensation programs that align with organizational objectives and market trends. This role collaborates with HR and department leaders to ensure competitive, equitable, and compliant compensation practices across the organization for staff.
Key Functions and Expected Performance:
- Stakeholder Collaboration & Communication:
- Build and maintain strong relationships with PCB Campus Partners and Engagement Consultants to address compensation-related inquiries promptly, efficiently, and consistently.
- Develop and deliver clear and concise communications to customers that provide the appropriate context and level of details necessary support and explain compensation recommendations.
- Job Analysis & Evaluation:
- Conduct thorough job analyses to classify positions based on job content consistent with our job architecture design principals while maintaining and/or enhancing internal equity.
- Develop and utilize consistent hiring ranges for like positions balancing current market value with internal equity.
- Provide guidance on needed updates for existing or new roles.
- Compensation Program Administration and Documentation:
- Administer and monitor compensation programs to ensure alignment with organizational goals and compliance with local, state, and federal laws.
- Support policy and guideline interpretation for pay decisions and job evaluations.
- Collaborate on the creation, documentation and maintenance of compensation resources, including standard operating procedures (SOPs).
- Data Analysis & Reporting:
- Prepare and analyze compensation data, ensuring accuracy and clarity in reporting.
- Partner with internal analytics teams to deliver reports that support compensation projects and decision-making.
- Market Research & Survey Participation:
- Compliance & Auditing:
- Review and audit staff reports to ensure adherence to regulations and organizational policies.
Supervisory Relationships:
This position does not have direct supervisory responsibilities and reports to the Compensation Manager.
Education and Certifications:
- Bachelor’s degree in Human Resources, Business Administration, or a related field.
- Certification in Human Resources (e.g., PHR, SPHR) or Compensation (e.g., CCP) preferred
Experience and Skills:
- At least three years of professional experience in compensation, data analysis, or a related HR function.
- Proficiency with Microsoft Excel, including pivot tables and VLOOKUPs, is strongly preferred.
- Experience with compensation systems (e.g., PayFactors, Oracle HCM) and survey participation is a plus.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent verbal and written communication skills.
- Ability to handle sensitive information with discretion and professionalism.