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Compensation analyst skills for your resume and career

Updated January 8, 2025

3 min read

Below we've compiled a list of the most critical compensation analyst skills. We ranked the top skills for compensation analysts based on the percentage of resumes they appeared on. For example, 11.7% of compensation analyst resumes contained hr as a skill. Continue reading to find out what skills a compensation analyst needs to be successful in the workplace.

15 compensation analyst skills for your resume and career

1. HR

HR stands for human resources and is used to describe the set of people who work for a company or an organization. HR responsibilities revolve around updating employee records and carrying out management processes like planning, recruitment, evaluation, and selection processes. HR is a key contributor to any company or organization's growth as they are in charge of hiring the right employees, processing payrolls, conducting disciplinary actions, etc.

Here's how compensation analysts use hr:

Developed compensation training materials and programs to educate HR generalists, employees and managers about company pay philosophy and compensation programs.
Collaborated with the compensation team and HR operations to drive consistency and implement the organization's compensation philosophy across the company.

2. Compensation Programs

Compensation programs are the complete packages that detail an organization's employees' salaries, wages, benefits, and terms of payments. Compensation plans may also detail increases for years of service and scheduled raises.

Here's how compensation analysts use compensation programs:

Assisted in the administration of the compensation programs designed to meet business needs, to maximize people performance and organizational capability.
Collaborated in the development of compensation programs and policies, including annual variable compensation, quarterly incentive and other incentive plans.

3. HRIS

Here's how compensation analysts use hris:

Provided consultation to supervisors regarding performance reviews and corresponding merit increases; ensured data integrity for upload to HRIS.
Partner regularly with IT and Finance/Accounting departments to complete HRIS audits ensuring data integrity and regulatory compliance.

4. PowerPoint

Here's how compensation analysts use powerpoint:

Provided support in gathering information and formatting presentations in PowerPoint for Project Reviews and Executive Committee/ Compensation Committee.
Developed client PowerPoint presentations/reports including Excel exhibits and initial data conclusions.

5. Data Analysis

Here's how compensation analysts use data analysis:

Provided advice to departmental HR Staff and executive team related to Compensation/classification issues, organizational reviews, and data analysis.
Provided internal compensation support and analysis including total rewards programs, market data analysis, and the annual performance process.

6. Customer Service

Customer service is the process of offering assistance to all the current and potential customers -- answering questions, fixing problems, and providing excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.

Here's how compensation analysts use customer service:

Provided excellent internal and external customer service which encompasses comprehensive knowledge of contract provisions, system functionality and industry expectations.
Provided excellent customer service to internal and external customer on all compensation related issues needing further review/investigation.

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7. FLSA

Here's how compensation analysts use flsa:

Evaluated jobs to ensure FLSA compliance and provided salary grade recommendations based upon market pricing results and internal equity considerations.
Formulated recommendations based on company salary structures, FLSA exemptions, organizational structures, and external market data.

8. Salary Surveys

Here's how compensation analysts use salary surveys:

Prepared benchmark salary surveys and conducted analysis of compensation survey responses to ensure that our total compensation vehicles remained competitive.
Participated in several local, national, and industry specific salary surveys and projected costs of major compensation initiatives.

9. Market Data

Market data is the general term used in relation to financial information required for research, analysis, trading, and accounting of financial instruments of all asset classes in global markets. Market data enables traders and investors to see the latest price and historical trends for various assets, and how to enter and exit trades.

Here's how compensation analysts use market data:

Served as compensation consultant to HR and internal customers by providing pay recommendations using market data and internal equity guidelines.
Analyzed market data, evaluated the competitiveness of salary structures/merit budgets/related base pay programs and recommended changes as appropriate.

10. Strong Analytical

Here's how compensation analysts use strong analytical:

Demonstrated strong analytical and business problem solving skills; able to understand complex business system functionality and develop strategies.
Applied strong analytical and organizational skills including thoroughness and attention to detail to accommodate changing priorities and work assignments.

11. Compensation Surveys

Here's how compensation analysts use compensation surveys:

Participated in compensation surveys domestically and internationally.
Integrated current compensation structure with new structure as a result of acquisition; participated in compensation surveys conducted by outside companies.

12. Compensation Policies

Here's how compensation analysts use compensation policies:

Monitored the effectiveness of existing compensation policies, guidelines and procedures, and recommended plan revisions where necessary.
Defined North America finance compensation policies and processes outlined in compensation plan document and drove process improvements.

13. Pivot Tables

A pivot table is a technique used in data processing to arrange and rearrange statistics to prioritize useful information. The aim of a pivot table is to summarize the findings and interpretations of the data extracted. Pivot tables take information from a database or spreadsheet to report sums, average, and other such statistics. This technique is integral to data analysis since it turns the data to view it from different lenses and perspectives.

Here's how compensation analysts use pivot tables:

Converted data into comprehensive pivot tables for easy analysis.
Maintained multiple-linked Excel databases using pivot tables and formulas

14. Compensation Practices

Here's how compensation analysts use compensation practices:

Conducted competitive compensation practices research and developed market analyses and recommendations for organizations ranging from start-ups to Fortune 500 companies.
Consulted with management regarding findings of competitive analysis for compensation practices and structure;made recommendations to address competitive shortcomings.

15. Compensation Data

Here's how compensation analysts use compensation data:

Performed an advanced level of statistical analysis and research relative to compensation data, survey information, and structural merit data.
Managed departmental databases for the purpose of analyzing compensation data; developed standard queries and reports.

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List of compensation analyst skills to add to your resume

The most important skills for a compensation analyst resume and required skills for a compensation analyst to have include:

HR
Compensation Programs
HRIS
PowerPoint
Data Analysis
Customer Service
FLSA
Salary Surveys
Market Data
Strong Analytical
Compensation Surveys
Compensation Policies
Pivot Tables
Compensation Practices
Compensation Data
Base Pay
Survey Data

EEO
Compensation Analysis
Market Analysis
Sales Compensation
Market Trends
Data Integrity
Performance Management
Compensation Issues
Executive Compensation
Analytical Support
Calculation
Develop Recommendations
Salary Structure
Salary Administration
Compensation Philosophy
Process Improvement
Salary Data

Compensation Trends
Incentive Programs
Market Research
Market Competitiveness
Statistical Analysis
External Competitiveness
SQL
Market Surveys
Compensation Committee
PeopleSoft
Competitive Position
Base Salary
Variable Compensation
Compensation Recommendations
Accruals

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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