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A Compensation Analyst is responsible for developing, implementing, and analyzing an organization's compensation programs to ensure competitive and equitable pay practices. This role often includes conducting research, performing salary benchmarking, and advising management on compensation strategies to attract and retain talented employees.
Job Responsibility:
Conduct regular analysis of market trends and compensation data
Assess industry salary surveys and utilize tools to benchmark compensation packages
Evaluate the value of jobs by analyzing job descriptions, duties, and qualifications
Design and maintain salary structures and pay grades
Ensure all compensation practices comply with government regulations
Provide guidance to managers and employees regarding pay decisions, policy clarifications, and job evaluations
Conduct financial analyses to assess the salary-related impact of job promotions, salary adjustments, and restructuring initiatives
Partner with HR, finance, and recruiting teams to ensure fair and consistent compensation practices
Assist in the design and implementation of incentive programs, commission structures, and bonus schemes tied to performance goals
Requirements:
Bachelor's degree in Human Resources, Business Administration, Finance, or a related field
At least 2-3 years of experience in compensation, HR analytics, or a similar role
Preferred certifications like Professional in Human Resources (PHR), SHRM Certified Professional (SHRM-CP), or Certified Compensation Professional (CCP)
Proficiency in Human Resources Information Systems (HRIS) such as Workday or ADP and data analysis tools like Excel
Nice to have:
Professional in Human Resources (PHR), SHRM Certified Professional (SHRM-CP), or Certified Compensation Professional (CCP)
Familiarity with predictive analytics and reporting tools
What we offer:
medical, vision, dental, and life and disability insurance
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