Compensation analyst job description
Updated March 14, 2024
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Example compensation analyst requirements on a job description
Compensation analyst requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in compensation analyst job postings.
Sample compensation analyst requirements
- Bachelor's degree in a relevant field
- Minimum of 2 years of experience in compensation analysis
- Understanding of compensation laws and regulations
- Ability to analyze and interpret complex data sets
Sample required compensation analyst soft skills
- Excellent communication and interpersonal skills
- Detail-oriented and highly organized
- Strong problem-solving and critical thinking skills
- Ability to work independently and as part of a team
- Flexibility and adaptability to changing priorities and deadlines
Compensation analyst job description example 1
Visa compensation analyst job description
The Sales Compensation Analyst role is an opportunity that calls for a skilled, hands-on, analytical professional who will lead the improvement and expansion of the Visa sales compensation program to multiple business units throughout our global footprint. The right candidate is a self-motivated puzzle-solver who can quickly establish relationships across the organization, define and document processes, and track implementation and accomplishment of integration projects. This person will be responsible for the day-to-day engagement with multiple business units and stakeholders across the organization, where they will also track key initiatives associated with and provide their expertise about Sales Compensation plans.
The candidate must possess strong knowledge of Sales Compensation. In addition, the candidate must have strong interpersonal and collaboration skills to partner effectively with numerous stakeholders across business units, commercial operations peers, and sales and executive leadership at all levels of the organization. This role reports to the Director, Sales Compensation and will be an individual contributor.
This role supports global business units and is expected to maintain schedule flexibility to periodically support needs outside of typical local working hours.
Responsibilities
Calculate and validate monthly commission payments and SPIFFs based on Sales Compensation plan provisions
Implement sales compensation platform updates to reflect changes in sales hierarchy, plan rules, rate tables, quotas, etc.
Help create and distribute Sales Compensation plans to Sales employees
Respond to Sales inquiries and incidents regarding Sales Compensation plans and payments.
Work with Sales Operations and Business Intelligence to resolve any Sales Compensation-related questions or issues.
Provide ad-hoc research and analysis on other related variable pay projects as identified by management. Summarize findings and communicate recommendations to Sales Compensation managers.
This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office two days a week, Tuesdays and Wednesdays with a general guidepost of being in the office 50% of the time based on business needs.
The candidate must possess strong knowledge of Sales Compensation. In addition, the candidate must have strong interpersonal and collaboration skills to partner effectively with numerous stakeholders across business units, commercial operations peers, and sales and executive leadership at all levels of the organization. This role reports to the Director, Sales Compensation and will be an individual contributor.
This role supports global business units and is expected to maintain schedule flexibility to periodically support needs outside of typical local working hours.
Responsibilities
Calculate and validate monthly commission payments and SPIFFs based on Sales Compensation plan provisions
Implement sales compensation platform updates to reflect changes in sales hierarchy, plan rules, rate tables, quotas, etc.
Help create and distribute Sales Compensation plans to Sales employees
Respond to Sales inquiries and incidents regarding Sales Compensation plans and payments.
Work with Sales Operations and Business Intelligence to resolve any Sales Compensation-related questions or issues.
Provide ad-hoc research and analysis on other related variable pay projects as identified by management. Summarize findings and communicate recommendations to Sales Compensation managers.
This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office two days a week, Tuesdays and Wednesdays with a general guidepost of being in the office 50% of the time based on business needs.
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Compensation analyst job description example 2
Autodesk compensation analyst job description
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Position Overview
Are you interested in supporting the design and delivery of compensation programs in a software design and services company that is truly shaping the world? As a Compensation Analyst, you will collaborate with and support internal Comp Partners and Leaders by creating the tools, analytics, and communication materials that reinforce our Compensation programs.
We have two available Compensation Analyst positions: One will primarily focus on broad-based compensation and the other on executive compensation.
Responsibilities
Participate in compensation surveys to collect and analyze competitive salary information to ensure company's competitive position Apply sound compensation theory in the development of competitive salary structures based on relevant local salary surveys, competitive environment, economic trends, and local HR input to aid in recruiting and retention Provide coaching to Managers and HR staff on compensation matters Recommend corrective or alternative actions to resolve compensation-related issues. Counsel on the interpretation of various compensation programs on case by case basis Provide compensation related tools and training to HR Business Partners and Managers with the ultimate goal of self-sufficiency in leveling and pay decisions Work independently or as part of a cross-functional team to prepare analyses and recommendations Manage or participate in various administrative compensation functions, like job code setup and compensation tool configuration Support business aligned Compensation partners with analytics and insight, providing direct consultation to their clients where appropriate
Minimum Qualifications4-6 years of compensation analytics experience Strong Microsoft Excel skills and commitment to accuracy Strong project management and follow through Ability to manage multiple competing priorities
At Autodesk, we're building a diverse workplace and an inclusive culture to give more people the chance to imagine, design, and make a better world. Autodesk is proud to be an equal opportunity employer and considers all qualified applicants for employment without regard to race, color, religion, age, sex, sexual orientation, gender, gender identity, national origin, disability, veteran status or any other legally protected characteristic. We also consider for employment all qualified applicants regardless of criminal histories, consistent with applicable law.
Are you an existing contractor or consultant with Autodesk? Please search for open jobs and apply internally (not on this external site). If you have any questions or require support, contact Autodesk Careers.
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Compensation analyst job description example 3
Quicken Loans compensation analyst job description
The Rock Family of Companies is made up of nearly 100 separate businesses spanning fintech, sports, entertainment, real estate, startups and more. We're united by our culture - a drive to find a better way that fuels our commitment to our clients, our community and our team members. We believe in and build inclusive workplaces, where every voice is heard and diverse perspectives are welcomed. Working for a company in the Family is about more than just a job - it's about having the opportunity to become the best version of yourself.
Rocket Central is a centralized hub that delivers thoughtful and innovative solutions for Rocket Companies . We are the center of operations, technology, marketing, HR, legal, strategy and more that propels our companies forward. Here, we'll give you the opportunity to launch your career and work with various companies, spanning multiple industries from fintech, to auto and real estate. We offer you the tools you'll need to succeed, no matter what stage you're at in your career. You'll be able to master your craft here by working on complex problems in a collaborative culture and challenging yourself to make a real impact.
Apply today to see all that Rocket Central has to offer!
Minimum Qualifications
2 years of compensation experience
Preferred Qualifications
5 years of compensation experience Bachelor's degree in a related field Demonstrated Microsoft Excel skills
Job Summary
As a Compensation Analyst, you'll focus on analyzing compensation packages, including compensation and/or benefits.
Responsibilities
Provide analytical support for new plans and revisions to support the company's objectives Track performance of compensation plans Work with internal team to develop compensation and bonus plans Identify and report issues related to compensation to the Compensation team and leadership Assist with analysis, modeling and costing of incentive pay programs Assist with analyzing organizational pay practices Make recommendations for salary changes Assist in company's participation in compensation surveys Assist in setting and maintaining target spend values for all types of compensation spend Interpret job evaluations for the purpose of market pricing jobs and slotting to appropriate pay ranges
Who We Are
Rocket Companies is a Detroit-based company made up of businesses that provide simple, fast and trusted digital solutions for complex transactions. The name comes from our flagship business, now known as Rocket Mortgage , which was founded in 1985. Today, we're a publicly traded company involved in many different industries, including mortgages, fintech, real estate, automotive and more. We're insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. We're passionate about the work we do, and it shows. We've been ranked #7 on Fortune's list of the 100 Best Companies to Work For in 2022, as well as ranking #1 for Fortune's Best Large Workplaces in Financial Services and Insurance List in 2021.
Disclaimer
This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.
We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law.
The Company is an Equal Employment Opportunity employer, and does not discriminate in any hiring or employment practices. The Company provides reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law. Applicants requiring reasonable accommodation in completing the application and/or participating in the employment application process should notify a representative of the Human Resources Team, The Pulse, at 1-800-411-JOBS.
Rocket Central is a centralized hub that delivers thoughtful and innovative solutions for Rocket Companies . We are the center of operations, technology, marketing, HR, legal, strategy and more that propels our companies forward. Here, we'll give you the opportunity to launch your career and work with various companies, spanning multiple industries from fintech, to auto and real estate. We offer you the tools you'll need to succeed, no matter what stage you're at in your career. You'll be able to master your craft here by working on complex problems in a collaborative culture and challenging yourself to make a real impact.
Apply today to see all that Rocket Central has to offer!
Minimum Qualifications
2 years of compensation experience
Preferred Qualifications
5 years of compensation experience Bachelor's degree in a related field Demonstrated Microsoft Excel skills
Job Summary
As a Compensation Analyst, you'll focus on analyzing compensation packages, including compensation and/or benefits.
Responsibilities
Provide analytical support for new plans and revisions to support the company's objectives Track performance of compensation plans Work with internal team to develop compensation and bonus plans Identify and report issues related to compensation to the Compensation team and leadership Assist with analysis, modeling and costing of incentive pay programs Assist with analyzing organizational pay practices Make recommendations for salary changes Assist in company's participation in compensation surveys Assist in setting and maintaining target spend values for all types of compensation spend Interpret job evaluations for the purpose of market pricing jobs and slotting to appropriate pay ranges
Who We Are
Rocket Companies is a Detroit-based company made up of businesses that provide simple, fast and trusted digital solutions for complex transactions. The name comes from our flagship business, now known as Rocket Mortgage , which was founded in 1985. Today, we're a publicly traded company involved in many different industries, including mortgages, fintech, real estate, automotive and more. We're insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. We're passionate about the work we do, and it shows. We've been ranked #7 on Fortune's list of the 100 Best Companies to Work For in 2022, as well as ranking #1 for Fortune's Best Large Workplaces in Financial Services and Insurance List in 2021.
Disclaimer
This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.
We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law.
The Company is an Equal Employment Opportunity employer, and does not discriminate in any hiring or employment practices. The Company provides reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law. Applicants requiring reasonable accommodation in completing the application and/or participating in the employment application process should notify a representative of the Human Resources Team, The Pulse, at 1-800-411-JOBS.
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Updated March 14, 2024