Compensation Analyst
6 days ago
Position Title: Compensation Analyst
Location: Chattanooga, TN
Duration: 12-Month Contract to Hire
Pay Rate: $30-35/Hour
Job Overview:
Insight Global’s client in Chattanooga, TN is seeking a Compensation Analyst. This role involves analyzing and helping design the company’s compensation program to align with recruitment, retention, and engagement goals. The analyst will offer insights for effective pay decisions, ensuring compliance with policies and budgets, and assist in creating pay structures and guidelines. The position demands strong analytical skills, excellent judgment, attention to detail, and the ability to use data for informed decision-making.
Responsibilities:
- Develop and maintain compensation structures, policies, and procedures to ensure fairness and competitiveness.
- Ensure compliance with internal policies and relevant HR laws and regulations.
- Conduct job analysis and evaluations to assess the value of positions.
- Perform compensation modeling for various scenarios and present recommendations to leadership.
- Align employee performance evaluations with compensation standards.
- Benchmark jobs against market data to determine competitive salary ranges.
- Create and maintain compensation reports and dashboards for insights.
- Collaborate with Employee Services and Talent Acquisition on compensation-related matters.
- Participate in compensation planning and budgeting.
- Identify opportunities for improvement in compensation practices and recommend best practices.
- Ensure compensation plans align with corporate strategic objectives.
- Maintain documentation of all compensation programs.
- Stay updated on compensation best practices and industry trends.
- Maintain the Compensation module in the HRIS with the HRIS Business Analyst.
- Perform other related duties as assigned.
Qualifications:
- Bachelor’s Degree in Human Resources, Accounting, or Finance, or an Associate’s Degree with 4+ years of experience.
- 2+ years of experience in compensation analysis.
- Strong analytical and problem-solving skills.
- Proficient in Excel.
- Knowledge of HR laws, regulations, and best practices.
- Excellent written and verbal communication skills.
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