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Compensation Analyst

3 months ago

Troy, United States Delta Staffing Full time

Core Responsibilities

  • Assess job requirements by conducting interviews with experts, analyzing completed questionnaires, and observing job tasks.
  • Create and maintain comprehensive job descriptions, qualifications, and evaluation documents.
  • Benchmark compensation for new hires to ensure alignment with market standards and internal equity.
  • Evaluate and rank positions to ensure fair pay within the organization.
  • Perform salary surveys and analyze compensation data to maintain competitive external pay practices.
  • Assist in developing and maintaining pay structures, including calculating pay grades and salary ranges.
  • Collect and analyze pay data to produce detailed compensation reports.
  • Ensure compliance with Federal, State, and local regulations to prevent legal issues and assist others in doing the same.
  • Review and align recommended pay raises and incentives with the budget, and notify supervisors of any discrepancies.
  • Support and improve the performance evaluation process.
  • Advise on strategies for employee retention and severance packages.
  • Lead and support HR-related projects, managing the execution, communication, and delivery of key activities.
  • Track trends in labor costs and develop or revise the labor cost budget as needed annually.
  • Help develop strategies, policies, and documentation related to compensation programs to align with company values.
  • Actively participate in ongoing improvement efforts to optimize compensation processes.
  • Enhance knowledge of compensation practices through training and technical literature.
  • Perform other duties as required.


Required Qualifications and Skills

  • Bachelor’s degree in business is required, with a preference for Human Resources.
  • Minimum of three years in Human Resources, including at least two years focused on compensation.
  • Skilled in Microsoft Office [2007 or newer], with advanced expertise in MS Excel.
  • Proven ability to manage projects effectively and meet deadlines consistently.
  • Strong verbal, non-verbal, negotiation, and written communication abilities.
  • High level of professionalism in interactions with both internal and external stakeholders.
  • Excellent problem-solving, analytical, and organizational skills.
  • Familiarity with short and long-term strategic development is preferred.