Compensation Analyst

Job Architecture Data Analyst

We are seeking a seasoned Data Analyst with extensive experience in compensation analysis to join our team on a project assignment focused on developing a comprehensive job architecture framework. This role requires a deep understanding of compensation principles, methodologies, and practices, paired with exceptional analytical skills and attention to detail.

The successful candidate will play a vital role in evaluating job roles, benchmarking compensation data, and designing salary structures and pay bands. The analyst will also be responsible for identifying trends and insights that drive strategic decision-making in compensation planning.

Key Accountabilities

Compensation Data Collection and Analysis

• Collect, organize, and analyze compensation data from internal databases, industry market surveys, and external reports.
• Conduct detailed compensation analyses to identify trends, patterns, and insights that inform job architecture development.
• Provide actionable recommendations based on data findings to align compensation structures with organizational objectives.

Job Evaluation and Market Benchmarking

• Evaluate current job roles to assess their value and establish appropriate placement within the new job architecture.
• Perform external market benchmarking to ensure compensation structures remain competitive and align with industry standards.
• Leverage expertise in job evaluation methodologies to ensure equitable and consistent role classification.

Compensation Modeling and Strategy Development

• Develop and refine compensation models, including salary structures, pay bands, and incentive programs, tailored to meet organizational goals.
• Partner with stakeholders to validate compensation frameworks and align them with budgetary constraints and workforce strategies.
• Utilize advanced tools and techniques to create scalable compensation solutions.

Documentation and Stakeholder Communication

• Prepare comprehensive reports and presentations detailing methodologies, findings, and strategic recommendations.
• Communicate complex compensation data and trends effectively to HR leaders, senior management, and cross-functional teams.
• Serve as a subject matter expert in compensation analysis, ensuring clarity and alignment across all project stakeholders.

Qualifications

• Extensive experience in compensation analysis, including salary structures, pay bands, and market benchmarking, ideally within a manufacturing or hourly workforce environment.
• At least 5 years of experience as a compensation analyst or specialist.
• An Associate's degree or higher in Business Administration, Finance/Accounting, or Human Resources, or equivalent professional experience (8 years).
• Proven ability to analyze, interpret, and manipulate complex compensation data to inform strategic decisions.
• Strong technical expertise in data management tools and HR systems, including PeopleSoft, with advanced proficiency in Excel.
• Exceptional problem-solving and process improvement skills, with a demonstrated ability to streamline and enhance compensation processes.
• Effective communication and collaboration skills, with experience presenting technical compensation concepts to non-technical audiences.

This role is designed for a data-driven professional who thrives on using compensation analysis to shape impactful strategies and organizational frameworks.

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