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Become A Senior Compensation Analyst

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Working As A Senior Compensation Analyst

  • Getting Information
  • Analyzing Data or Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Interacting With Computers
  • Evaluating Information to Determine Compliance with Standards
  • Mostly Sitting

  • $73,310

    Average Salary

What Does A Senior Compensation Analyst Do At Staples

* Assists in the development, implementation, and administration of compensation programs that are large scope or complexity.
* This may impact the business in the millions of dollars.
* Primary Compensation responsibilities for specific functional area in US Retail as it relates to job evaluations, salary recommendations, Compensation tickets (issue resolution), administration of compensation programs.
* Conduct analyses for external competitiveness and internal equity.
* Identify trends and draw conclusions on findings.
* Preparation of salary surveys, ad hoc compensation surveys and compilation of survey Market data for salaried and hourly positions.
* Participate in Compensation projects such as merit processes, market reviews, and long-range planning.
* Support the administration and communication of bonus/incentive programs.
* This includes prepping, calculating, uploading payouts, and reporting in an accurate and timely manner.
* Evaluate existing Compensation reporting and analysis.
* Leveraging macros and/or Tableau, recommend and implement improvements and efficiencies to make the process faster, more accurate, and easier to administer.
* Analyze Compensation ticket (issue resolution) patterns and recommend solutions to reduce quantity and improve programs effectiveness.
* Contacts are primarily with Comp team, HR, and Mgmt in designing and managing effective compensation programs.
* Participate in salary survey process.
* Gather appropriate compensation data elements as required by each survey.
* Work with survey vendors to ensure appropriate data submission.
* Key Performance Indicators:
* Able to conduct compensation analysis (moderate to high complexity) for external market competitiveness
* Able to level a job (up to Director) via Staples Job Evaluation process or Hay
* Able to prepare a compensation recommendation in Excel and/or PowerPoint

What Does A Senior Compensation Analyst Do At Aaron's Inc.

* Administer compensation programs including: job analysis and evaluation, maintaining/enhancing salary grade infrastructure, annual merit cycle, executive pay analysis, and incentive plans.
* Participate in the development, review, implementation, and administration of new/revised compensation programs with limited supervision.
* Responsible for completing moderately complex compensation projects with little or no supervision/guidance.
* Assist with any required communication and change management related to the administration of current plans or the revision or creation of new compensation programs.
* Responsible for generating accurate and timely reports as requested
* Participates in modeling and costing of a variety of programs as well as the year-end calculation processes.
* Support internal business leaders by researching and responding to questions, interpreting policies, and otherwise assisting with compensation-related issues

What Does A Senior Compensation Analyst Do At Brookdale Senior Living

* Provide guidance and advice on compensation policies, pay decisions, wage and hour regulations, and creative solutions for specific compensation issues
* Work with Finance in the design and administration of incentive plans, including the complex financial analysis needed for the calculation and processing of bonus payments
* Oversee the administration of annual merit and performance review processes.
* Analyze data to ensure budgetary compliance and provides reports to Executive Management
* Assist with administering company"s restricted stock plan, including analysis, communication to participants, and working with third party vendor
* Using market pricing software assists in preparing analysis and interpretation of external market information for development of salary ranges.
* Complete ad hoc market pricing requests from corporate and field HR personnel
* Gather, analyze and provide reports to Executive Management and Board of Directors regarding incentive payments, pay increases, restricted stock awards, etc.
* Ensure compensation pay plans are in compliance with federal/state wage and hour regulations
* Utilize compensation related databases and systems that support compensation programs throughout the organization

What Does A Senior Compensation Analyst Do At Holland America Line

* Carries out analytical assignments involving the development, implementation and administration of compensation programs.
* Responsible for the analysis, evaluation, and classification of new and existing positions, utilizing external/internal market data to help make appropriate recommendations as required.
* Conduct Human Resource predictive analytics, data analysis and interpretation of trends to support proactive planning.
* Keep abreast of trends and changes in Human Resources metrics and analytics practices; proactively suggest applicable metrics to measure impact of HR organization.
* Acts as a key contributor to the annual performance and merit review process.
* Responsible for system administration, data integrity, and responding to users inquires and reporting requests.
* Support global benchmarking process by participating in and analyzing industry survey data to determine competitiveness of the total compensation programs.
* This may require data mining for hard to benchmark jobs followed by data collection, analysis and feedback on results.
* Responsible for the documentation and administration of incentive compensation programs and related payments.
* Assists in the research and development of special studies and recommendations on salary administration and other topical HR issues and initiatives.
* Write, maintain, and support a variety of reports or queries utilizing appropriate reporting tools.
* Maintain credentials and membership with professional associations to keep abreast of trends within the market regarding compensation issues and legislative or regulatory trends

What Does A Senior Compensation Analyst Do At Comcast

* Oversee ongoing quality assurance processes relative to the accuracy of monthly sales compensation payment and payroll calculations.
* Initiate reporting and plan performance management tools through sales compensation system that will assist upper management in gaining more visibility and control on metrics that are instrumental in improving sales productivity.
* Document business requirements for new data integration and sales compensation initiatives in sales compensation system as well as ad hoc data requests.
* Develop, maintain, and distribute Callidus sales compensation reporting in support of the Sales Operations Organization.
* Review a variety of business impacting issues; ensure all reporting is completed in an efficient, accurate manner for upper management review and presentation; and provide guidance for others, including field personnel, who provide input for reporting.
* Work with complex and sensitive data to provide insights to Sales Compensation and business leadership.
* Assist management with long range forecasting and capacity planning based on available data.
* Develop, refine, and execute ad-hoc reporting requests corresponding to compensation issues, salary considerations, special projects, etc.
* Develop relationships with field personnel from Comcast's Regional field offices in support of Sales Compensation administration and best practices.
* Document and improve processes for design and administration of various compensation programs and practices.
* Assist in the periodic review of compensation plans and provide recommendations regarding redesign to meet business objectives and reinforce operational strategy.
* Implementation/Execution: Skilled at organizing and managing multiple priorities and/or projects by using appropriate methodologies and tools.
* Work with field leadership to ensure their thorough understanding of the sales compensation plan.
* Assist management in identifying trends and opportunities to improve operations, Plan Design and administration

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How To Become A Senior Compensation Analyst

Compensation, benefits, and job analysis specialists typically need a bachelor’s degree, and some specialists need related work experience.

Education

Most employers require that compensation, benefits, and job analysis specialists have a bachelor’s degree. Many specialists have a degree in human resources, business administration, finance, communication, or a related field. Some employers may accept previous work experience in lieu of a formal degree.

Not all colleges and universities offer an undergraduate degree in human resources, but many offer courses in human resources management, compensation analysis, and benefits administration. Students with a background in other disciplines may benefit from taking courses in business, management, finance, and accounting.

Work Experience in a Related Occupation

For many jobs, compensation, benefits, and job analysis specialists must have previous work experience. Employers commonly require that the previous experience includes performing compensation analysis, benefits administration, or general human resources work. Experience in related fields such as finance, insurance, or business administration, also may be beneficial.

Jobseekers without a degree in human resources must have relevant work experience. Some workers may gain this experience through internships. However, most gain experience from working in human resources.

Licenses, Certifications, and Registrations

Although certification is not required, it can demonstrate professional expertise. Some employers prefer to hire certified candidates, but many employers will have their employees become certified after they are already working. Certification programs for management positions often require several years of related work experience in order to qualify for the credential.

Many associations for human resources workers offer classes to enhance the skills of their members. Some associations, including the International Foundation of Employee Benefit Plans and WorldatWork, offer certification programs that specialize in compensation and benefits. Others, including the HR Certification Institute and the Society for Human Resource Management, offer general human resources credentials.

Advancement

Compensation, benefits, and job analysis specialists may advance to a compensation and benefits manager or a human resources manager position. Specialists typically need several years of work experience to advance.

Important Qualities

Analytical skills. Many specialists perform data or cost analyses to form logical conclusions. For example, they may analyze the cost of choosing a particular salary scale for a class of workers.

Business acumen. Specialists must understand basic finance and accounting.

Communication skills. Specialists often work with employees throughout their organization to provide information on compensation and benefits. They may give presentations or advise managers or employees about compensation policies or benefit plans.

Critical-thinking skills. Specialists must think critically when evaluating job positions, salary scales, promotion practices, and other compensation and benefits policies.

Detail oriented. Specialists must pay attention to detail, especially when ensuring that the organization is compliant with federal and state laws.

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Senior Compensation Analyst jobs

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Real Senior Compensation Analyst Salaries

Job Title Company Location Start Date Salary
Senior Compensation Analyst The Vanguard Group Malvern, PA Feb 01, 2013 $134,842
Senior Compensation Analyst NYU Langone Health System New York, NY Aug 22, 2016 $108,626
Senior Compensation Analyst Tibco Software Inc. Palo Alto, CA Apr 12, 2010 $99,275
Senior Compensation Analyst Juniper Networks, Inc. Sunnyvale, CA Jun 01, 2013 $98,176 -
$130,000
Senior Compensation Analyst Trinet Hr Corporation San Leandro, CA Aug 22, 2016 $95,451
Senior Compensation Analyst Salesforce.Com, Inc. San Francisco, CA May 31, 2016 $95,035
Senior Sales Compensation Analyst Forgerock Inc. San Francisco, CA Sep 02, 2016 $95,000 -
$135,700
Senior Sales Compensation Analyst Forgerock Inc. San Francisco, CA Feb 09, 2016 $95,000 -
$135,700
Senior Compensation Analyst Quantcast Corporation San Francisco, CA Mar 17, 2016 $92,581 -
$110,000
Senior Compensation Analyst Blue Shield of California San Francisco, CA Jun 18, 2014 $90,522 -
$110,000
Senior Compensation Analyst Thomson Reuters Holdings, Inc. New York, NY Sep 14, 2013 $90,000
Senior Compensation Analyst DEX One Service, Inc. Cary, NC Jan 10, 2011 $90,000
Senior Compensation Analyst, Executive DEX One Corporation Cary, NC Oct 27, 2010 $90,000
Senior Compensation Analyst-Executive Compensati Adobe Systems Incorporated San Jose, CA Jun 24, 2010 $90,000
Senior Compensation Analyst New York University Hospitals Center New York, NY Aug 22, 2013 $88,188
Senior Compensation Analyst, Executive DEX One Service, Inc. Cary, NC Sep 20, 2011 $88,000 -
$92,700
Senior Compensation Analyst, Executive DEX One Service, Inc. Cary, NC Jul 08, 2011 $88,000 -
$90,000
Senior Compensation Analyst Children's National Medical Center Silver Spring, MD Nov 24, 2014 $85,000 -
$110,000
SR. Compensation Analyst Choice Hotels International Services Corp Rockville, MD Apr 18, 2014 $82,000
Senior Compensation Analyst Nbcuniversal Media, LLC New York, NY Aug 29, 2015 $81,000
Senior Compensation Analyst WP Company LLC Washington, DC Jul 15, 2015 $80,000 -
$100,000
Compensation Associate (Senior Analyst) Towers Watson Delaware Inc. San Francisco, CA Jan 02, 2014 $80,000 -
$90,000
Senior Compensation Analyst Sodexo Remote Sites Partnership, Inc. Houston, TX Feb 15, 2011 $78,000
Senior Compensation Analyst Whirlpool Corporation Benton Harbor, MI Aug 10, 2015 $75,000
Senior Compensation Analyst Fiserv, Inc. Brookfield, WI Mar 05, 2010 $75,000
Senior Compensation Analyst University of Miami-Miller School of Medicine Miami, FL Sep 24, 2012 $72,930
Senior Compensation Analyst Employers Mutual Casualty Company Des Moines, IA Aug 27, 2015 $72,900
Senior Compensation Analyst Employers Mutual Casualty Company Des Moines, IA Aug 27, 2015 $71,354
Assurance Senior, Compensation and Benefits BDO USA, LLP Atlanta, GA Feb 27, 2012 $71,120

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Top Skills for A Senior Compensation Analyst

CompensationProgramsJobEvaluationCompensationPlansSalaryStructureJobDescriptionsFlsaSalarySurveysHrisBasePayMarketDataMarketAnalysisSalesIncentivePlansMeritIncreaseBusinessUnitsExecutiveCompensationAnnualMeritProcessPeoplesoftSalaryAdministrationCompensationSurveysBusinessPartners

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Top Senior Compensation Analyst Skills

  1. Compensation Programs
  2. Job Evaluation
  3. Compensation Plans
You can check out examples of real life uses of top skills on resumes here:
  • Designed, implemented, and administered salary budget planning and incentive compensation programs.
  • Managed annual process of market survey data refresh and job evaluation, including survey participation.
  • Administered quarterly commission payments on variable compensation plans for worldwide sales.
  • Analyzed statistical information for salary structures and area differentials.
  • Matched jobs to survey descriptions and perform initial market pricing for various jobs Assisted in revising and maintaining job descriptions.

Top Senior Compensation Analyst Employers

Senior Compensation Analyst Videos

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