What are the responsibilities and job description for the Compensation Analyst position at Henderson Companies?
The compensation analyst supports all aspects of the compensation process, ensuring accurate data management, compliance and timely reporting. They assist with managing compensation tools, salary market analysis, supporting compensation cycles and contributing to strategic initiatives. The compensation analyst leads job evaluations and related processes and works closely with the Compensation & Benefits Director to maintain competitive and equitable pay practices across the organization.
Duties:
Conduct job evaluations and intake conversations, managing the process of gathering data and drafting job descriptions in collaboration with HRBPs and managers.
Ensure job descriptions accurately reflect job duties, align with organizational structures and support competitive market positioning.
Share best practices and make recommendations regarding job structures and hierarchies that support long-term growth and business success.
Collaborate with HRBPs and department heads to assess FLSA classifications and ensure compliance.
Manage a collaborative space for monitoring job description updates and action items.
Administer the salary survey process, including calendar management, data collection, job matching, data submission and analysis of survey results.
Conduct benchmarking, job leveling and assist with FLSA classification assessments to support market alignment and internal equity.
Partner with HRIS Administrator to ensure all job codes, job setup details, pay ranges, and geo zones are accurately maintained in the system.
Assist with market studies, compliance reviews, pay transparency legislation and other compensation related analysis and projects.
Required Qualifications:
Bachelor’s degree in human resources, business administration, finance, or a related field required. Equivalent years of experience may be considered in lieu of degree.
4 years of experience in compensation administration, HR analytics, or related field required.
Working knowledge of compensation laws and regulations.
Experience working with compensation tools and HRIS systems (Dayforce, Workday, SuccessFactors, etc.).
Strong Microsoft Excel skills, specifically v-lookup, pivot tables, and ability to organize reports and information.
Experience performing job evaluations with a deep understanding of job structures and hierarchies and the ability to communicate ideas and make recommendations.
Experience with salary surveys, market analysis and salary benchmarking, and the ability to analyze and interpret results.
Strong analytical skills and proficiency in data analysis and interpretation.
Effective problem solving and critical thinking skills.
Preferred Qualification:
Compensation or HR Certification preferred, such as Certified Compensation Professional (CCP), SHRM-CP or PHR.
