1 Compensation Analyst Job in Worcester, MA
The Hanover Insurance Group is Hiring a Compensation Analyst Near Worcester, MA
Our Human Resources department is currently seeking a Compensation Analyst. This role will work a hybrid schedule out of our Worcester, MA office. Remote candidates will be considered. Position Overview/Summary: The Compensation Analyst will perform a wide range of analytical and problem-solving support activities in the compensation and benefits area. The role will be responsible for analyzing trends and information to identify key findings and suggest possible root causes to problems or areas of opportunity. The role utilizes general problem-solving skills along with skills in MS Office (such as Excel, Word, Power Point and Power BI) to review, prepare and/or present information.
Responsibilities/Essential Functions:
- Participate in salary surveys and synthesize results identifying key observations and market insights to be presented to management
- Support administration and communication of compensation programs including the annual and off cycle compensation processes
- Analyze and interpret compensation data showcasing areas of opportunity
- Conduct job evaluations and market analysis requests
- Work with HR Business Consultants and talent acquisition team on day-to-day compensation related questions
- Conduct and compile information on competitive compensation and benefits programs and practices
- Maintain updates in Payfactors and train internal users on the tool
- Gather information required for pay equity analysis efforts
- Maintain documentation on job evaluations and market analysis work
- Seek input from key stakeholders on compensation programs and practices
- Conduct research and analysis for compensation and benefits related projects
- Partner HR Technology team to design and deliver compensation tools and technologies
- Provide innovative solutions aimed at creating greater efficiencies and improved outcomes
- Participate in and/or provide project coordination & management on key compensation and benefits projects & initiatives
- Develop and analyze key measures of compensation & benefits program effectiveness
- Analyze impact of regulatory or compliance changes to existing programs
- Bachelor’s Degree preferred
- 3 years of compensation experience
- Strong analytical skills, attention to detail, and demonstrated ability to maintain a high degree of accuracy
- Ability to take data and tell the story
- Experience with Payfactors a plus
- Proficient with Microsoft Office Suite with advanced knowledge of Excel
BENEFITS: We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.
Benefits include:
- Medical, dental, vision, life, and disability insurance
- 401K with a company match
- Tuition reimbursement
- PTO
- Company paid holidays
- Flexible work arrangements
- Cultural Awareness Day in support of IDE
- On-site medical/wellness center (Worcester only)
- Click here for the full list of Benefits
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.”
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.
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Job Summary
Full Time
Insurance
$73k-89k (estimate)
07/11/2024
08/08/2024
hanover.com
WORCESTER, MA
3,000 - 7,500
1852
FREDERICK EPPINGER
$3B - $5B
Insurance
Related Companies
The job skills required for Compensation Analyst include Analysis, Job Evaluation, Problem Solving, Initiative, Microsoft Office, Talent Acquisition, etc. Having related job skills and expertise will give you an advantage when applying to be a Compensation Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compensation Analyst. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Compensation Analyst positions, which can be used as a reference in future career path planning. As a Compensation Analyst, it can be promoted into senior positions as a Stock Plan Administrator III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Analyst. You can explore the career advancement for a Compensation Analyst below and select your interested title to get hiring information.
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