Compensation Analyst
4 weeks ago
We are seeking a skilled and detail-oriented Compensation Analyst to join a growing Human Resources team. As a Compensation Analyst, you will play a crucial role in designing, implementing, and managing our compensation programs to ensure competitive, equitable, and compliant practices across the organization.
Requirements:
- Collaborate with HR leadership and management to develop and refine compensation structures, policies, and strategies that align with the bank's business objectives and industry standards.
- Conduct thorough market analysis and benchmarking to assess the competitiveness of our compensation offerings, ensuring that our bank remains competitive in attracting and retaining qualified professionals.
- Participate in and analyze salary surveys to gather relevant data on compensation trends and practices in the banking industry. Utilize this data to make informed recommendations.
- Utilize advanced data analysis techniques to interpret compensation data, identify trends, and generate insights that guide decision-making and continuous improvement.
- Contribute to the annual salary budgeting process by providing insights on compensation trends, cost implications of proposed changes, and recommendations for allocation of compensation funds.
- Monitor and maintain internal equity in compensation structures, addressing any disparities and recommending adjustments as needed.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, Finance, or related field
- Bilingual - English & Spanish preferred
- 5+ years experience in Compensation or its related practices.
- Strong understanding of compensation principles, job evaluation methodologies, and market trends within the banking industry.
- Proficiency in data analysis and utilization of HRIS and compensation management systems.
Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity.
Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law.
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