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Comp Analyst job description

A Compensation Analyst is a professional who uses data to develop compensation structures to help hire and retain employees at an organization. 

Use this Compensation Analyst job description to advertise your vacancies and find qualified candidates. Feel free to modify responsibilities and requirements based on your needs.

Compensation Analyst responsibilities include:

  • Growing and overseeing company remuneration policies and programs
  • Examining positions to ascertain the scope of employee responsibilities and requirements
  • Analyzing and interpreting the company's remuneration programs

Job brief

We are looking for a Compensation Analyst to join our team and help analyze our company’s benefits packages and remuneration structures. 

Compensation Analyst responsibilities include running comparative analysis by region and department to find opportunities to improve benefits and reviewing the organization’s financial performance when building new compensation plans. 

Ultimately, you will work with a small team of HR professionals to help build and modify benefits packages to help us recruit and retain more employees. 

Responsibilities

  • Review a wide range of relevant compensation data to ensure the company’s remuneration policies are competitive
  • Contribute company data to compensation surveys
  • Analyze results of compensation surveys
  • Predict future trends to steer the company in a positive direction
  • Manage salary structure creation and maintenance
  • Ensure company compliance with relevant laws and regulations

Requirements and skills

  • Proven work experience as a Compensation Analyst or similar role
  • Outstanding people skills
  • Excellent communication skills, both verbal and written
  • Proficient with compensation research and data analysis
  • Strong problem-solving skills
  • Relevant training and/or certifications as a Compensation Analyst

Frequently asked questions

What does a Compensation Analyst do?

A Compensation Analyst analyzes and develops an organization’s benefits packages and compensation structures to help recruit and retain employees.

What are the duties and responsibilities of a Compensation Analyst?

A Compensation Analyst has many responsibilities, such as reviewing a wide range of documents and data to determine how to improve an organization’s remuneration and benefits structures.

What makes a good Compensation Analyst?

A good Compensation Analyst must have excellent research and data analysis skills since they look through lots of data to help improve compensation structures within an organization.

Who does a Compensation Analyst work with?

A Compensation Analyst will work with many professionals, such as an HR Officer, to ensure that all employees are included in a data set when developing compensation structures within an organization.

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