Sr Compensation Analyst

Staples is business to business. You’re what binds us together.

Our Human Resources team has one goal: create solutions and services that foster an inclusive and innovative culture. We act as strategic partners to deliver innovative learning and development opportunities, comprehensive compensation and benefit solutions, recruiting tools and more to attract new talent and excite existing talent. We’re a compassionate, hardworking and dedicated team that knows our work makes an impact on our company every day.

What you’ll be doing:

• Collaborate in the design, implementation, and ongoing management of compensation structures and policies to ensure they meet organizational objectives and adhere to legal requirements.
• Assist in the administration of compensation programs, ensuring they are carried out effectively and aligned with organizational goals.
• Serve as the primary point of contact for compensation-related matters within designated functional areas, providing expertise in job evaluations, salary recommendations, and issue resolution.
• Offer backup support for compensation tasks across the organization, ensuring continuity and consistency in compensation practices.
• Conduct comprehensive analyses of external market competitiveness and internal equity to identify trends and disparities.
• Draw actionable insights from data analyses, making recommendations to adjust compensation policies as needed to maintain market competitiveness and internal fairness.
• Lead the preparation and participation in salary and compensation surveys for both salaried and hourly positions, ensuring the organization's compensation data is accurately represented in the market.
• Compile and analyze survey data to assess the organization's position relative to the market and identify areas for adjustment.
• Engage in key compensation projects, including annual merit review cycles, market pricing reviews, and strategic planning initiatives, contributing analytical support and insights.
• Generate regular and ad hoc reports to monitor the effectiveness and competitiveness of compensation programs, identifying trends and areas for improvement.
• Analyze patterns in compensation-related inquiries and issues, recommending process improvements to enhance program effectiveness and reduce future occurrences.
• Act as a liaison between the organization and external survey vendors, ensuring accurate and timely data submission and participation in relevant compensation surveys.

What you bring to the table:

• Strong analytical and problem-solving skills.
• Attention to detail and accuracy.
• Ability to handle sensitive information with discretion and integrity.
• Proactive and self-motivated with the ability to work independently.
• Strong organizational and time management skills, with the ability to prioritize tasks and manage multiple projects simultaneously.
• Ability to work collaboratively in a team environment, contributing positively to team operations and working relationships.
• Proficiency in Microsoft Office Suite, with a strong emphasis on Excel skills, including the ability to perform functions such as VLOOKUP, pivot tables, and basic data analysis.
• Effective verbal and written communication skills, with the ability to convey complex information in a clear and concise manner.

What’s needed- Basic Qualifications:

• 1+ years of related experience in compensation analysis or a similar role within human resources.

What’s needed- Preferred Qualifications:

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
• Advanced proficiency in Microsoft Excel, including macros, complex formulas, and data modeling. Familiarity with HR Information Systems (HRIS), particularly Oracle HCM or similar platforms, is a plus
• Previous internship or project experience involving quantitative analysis, statistical methods, or compensation studies is highly desirable.
• Progress towards or completion of relevant professional certifications, such as Certified Compensation Professional (CCP) or SHRM Certified Professional (SHRM-CP), is advantageous.
• Basic understanding of compensation fundamentals, such as job evaluation techniques, market pricing, and pay structure design, gained through coursework, internships, or work experience.
• Demonstrated ability to apply critical thinking and analytical skills to solve problems and make data-driven decisions.
• Experience conducting research, benchmarking studies, and industry analysis related to compensation trends and best practices.

We Offer:

• Inclusive culture with associate-led Business Resource Groups
• Flexible PTO (22 days) and Holiday Schedule
• Online and Retail Discounts, Company Match 401(k), Physical and Mental Health Wellness programs, and more