Senior Compensation Analyst

4 weeks ago

Los Angeles, United States LaserAway Full time
Job DescriptionJob Description

Job Title: Senior Compensation Analyst

Department: Human Resources

Reporting Relationship: Director, HR Operations

Job Summary:

LaserAway is seeking an experienced and analytical Senior Compensation Analyst to join our team. The Senior Compensation Analyst will play a key role in developing, implementing, and managing our compensation programs and strategies. This role requires a deep understanding of compensation principles and practices, strong analytical skills, and the ability to collaborate effectively with stakeholders at all levels of the organization. The ideal candidate will have a proven track record of designing and administering compensation programs that attract, retain, and motivate top talent.

Essential Job Duties/Responsibilities:

  • Conduct in-depth analysis of compensation data, including market benchmarks, internal equity, and pay trends, to develop and recommend competitive compensation programs and strategies.

  • Collaborate with HR and business leaders to understand business objectives, job requirements, and market trends to ensure compensation programs align with organizational goals.

  • Design, develop, and implement compensation structures, including salary ranges, bonus plans, and incentive programs, that support the organization's pay philosophy and total rewards strategy.

  • Calculate all sales commission payouts in partnership with the finance and business leadership.

  • Conduct job evaluations and market pricing to ensure accurate and competitive salary ranges and classifications.

  • Provide guidance and support to HR and management on compensation-related matters, including job offers, promotions, and salary adjustments.

  • Analyze and evaluate the effectiveness of compensation programs, policies, and practices, and recommend improvements or enhancements as needed.

  • Ensure compliance with applicable laws, regulations, and company policies related to compensation practices.

  • Stay updated on industry best practices and trends in compensation and benefits, and make recommendations for adjustments or enhancements to maintain a competitive edge.

  • Collaborate with HRIS and IT teams to ensure accurate and efficient administration of compensation programs and systems.

  • Prepare and present reports, presentations, and recommendations to senior leadership and stakeholders.

Minimum Qualifications:

  • Bachelor's degree in Human Resources, Business Administration, or a related field (or equivalent experience).

  • Minimum of 3 years of experience in compensation analysis or a related role.

  • Strong knowledge of compensation principles, practices, and market trends.

  • Proficiency in compensation benchmarking and survey methodologies.

  • Advanced analytical skills, with the ability to analyze complex data sets and draw meaningful insights and recommendations.

  • Strong proficiency in Excel or other data analysis tools.

  • Excellent attention to detail and accuracy in data analysis and reporting.

  • Excellent communication and interpersonal skills, with the ability to effectively present complex compensation concepts to stakeholders at all levels.

  • Strong project management and organizational skills, with the ability to prioritize and manage multiple projects simultaneously.

  • Experience with HRIS and compensation management software/systems.

  • Certified Compensation Professional (CCP) designation preferred.

  • Familiarity with relevant laws and regulations related to compensation, such as FLSA and pay equity.

Physical Requirements/Working Conditions:

  • Schedule flexibility to include evening and weekends where needed

  • Ability to travel, conduct on-site clinic visits and attend meetings as required

Disclaimer:

This job description is not all inclusive. In addition, LaserAway reserves the right to amend this job description at any time. LaserAway is an Equal Opportunity Employer.

Employees must be able to perform the essential functions of the position satisfactorily and, if requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship.

The Employer retains the right to change or assign other duties to this position.

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