What are the responsibilities and job description for the Compensation Analyst position at Augment Jobs?
Job Summary
We are seeking a detail-oriented and analytical Compensation Analyst to join our dynamic HR team. The ideal candidate will have a strong background in compensation analysis, data management, and market research to support our organization's compensation strategy. This role involves evaluating job positions, conducting salary surveys, and providing insights to ensure our compensation programs are competitive and equitable.
Key Responsibilities
We are seeking a detail-oriented and analytical Compensation Analyst to join our dynamic HR team. The ideal candidate will have a strong background in compensation analysis, data management, and market research to support our organization's compensation strategy. This role involves evaluating job positions, conducting salary surveys, and providing insights to ensure our compensation programs are competitive and equitable.
Key Responsibilities
- Compensation Analysis: Conduct market research and salary benchmarking to ensure compensation practices are aligned with industry standards and organizational goals.
- Job Evaluation: Analyze job descriptions, assess job responsibilities, and determine appropriate salary grades and compensation levels.
- Data Management: Maintain and update compensation databases, ensuring data accuracy and compliance with company policies and regulations.
- Reporting: Generate and present compensation reports, including salary trends, compensation structure analysis, and equity audits to senior management.
- Compliance: Ensure compensation programs comply with federal, state, and local regulations, including wage and hour laws.
- Program Development: Assist in designing and implementing compensation programs, including base salary, incentive plans, and bonus structures.
- Employee Support: Provide compensation-related guidance and support to employees and HR teams, addressing inquiries and resolving issues.
- Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field.
- Minimum of 2 years of experience in compensation analysis or a related role.
- Strong understanding of compensation principles, salary surveys, and compensation structures.
- Proficiency in Microsoft Excel and other data analysis tools; experience with HRIS systems is a plus.
- Excellent analytical and problem-solving skills, with attention to detail.
- Strong communication skills, both written and verbal, with the ability to present data effectively.
- Certification such as Certified Compensation Professional (CCP) or similar credentials.
- Experience with compensation management software and data analytics tools.
- Knowledge of compensation regulations and compliance requirements.
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance.
- 401(k) plan with company match.
- Paid time off and holidays.
- Professional development opportunities.
