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Senior compensation analyst skills for your resume and career
15 senior compensation analyst skills for your resume and career
1. 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.
- Advised HR Business Partners and Managers in the administration of current compensation programs to include analyzing and communicating pay administration programs.
- Analyzed and interpreted data from various external salary surveys, with emphasis on McLagan, to determine competitiveness of compensation programs.
2. Human Resources
Human resources is a set of people in a business or a corporation that are designated to locate, interview, and recruit new employees into the company. They are also responsible to maintain the integrity of the employees and help them sort their problems out. They try to introduce and manage employee-benefit programs.
- Provided compensation analysis and consultation services to all levels of management, Regional Human Resources, and Human Resources Business Partners.
- Provide advanced level consultation, guidance and direction in Compensation to Human Resources professionals, institutional leadership, employees and managers.
3. HRIS
- Developed specifications and teamed with technology staff to implement performance measurement and merit processing system, including integration with HRIS.
- Promoted to Senior HRIS Analyst increasing functional lead responsibilities.
4. FLSA
- Conducted job analysis / evaluation to determine appropriate FLSA classification and salary level according to compensation guidelines and policy.
- Analyze job descriptions; determine FLSA exemptions and formulate recommendations regarding external and internal market data comparisons.
5. Data Analysis
- Managed special projects as data analysis from proxy reports and annual reports from financial organizations.
- Performed data analysis for quarterly bonus and profit sharing accruals.
6. Salary Surveys
- Compiled and analyzed salary surveys and obtain comprehensive market data to market price the positions and compare internally to company positions.
- Completed salary surveys, market pricing and job evaluation to develop salary structures for executive, exempt and non-exempt job classifications.
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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.
- Supported Compensation Group in various day-to-day activities including 'compression' analysis, job evaluation, and market data gathering and analysis.
- Identified and participated in appropriate compensation surveys to maintain adequate and current market data for job pricing and decision making.
8. Compensation Policies
- Provide guidance to other compensation analyst regarding job evaluations, salary survey submissions and other compensation policies and procedures.
- Developed on-call policies and maintained other compensation policies, programs, compensation communications and management training world-wide.
9. Compensation Practices
- Analyzed existing and proposed compensation practices and procedures, identifying improvement opportunities, including the gathering and budgeting of salary information.
- Consult with Senior Management regarding findings of competitive analysis for compensation practices and structure; make recommendations to address competitive shortcomings.
10. Compensation Data
- Designed Domestic/International employee Executive Compensation database.
- Participated in compensation surveys; evaluated, analyzed, and reported compensation data; Analyzed and identified compensation trends.
11. Base Pay
Base pay is the salary paid to an employee before any other considerations like bonuses, stock, or benefits. Base pay is used to create proper compensation plans with just and market-level compensation packages employees. Government policies and salary structures must be taken into account when formulating these plans.
- Provide in-depth compensation analysis and recommendations concerning base pay structures and variable incentive plans to ensure pay practices are competitive.
- Provided consultation and support regarding compensation matters relating to base pay, equity and related pay components.
12. Compensation Surveys
- Participate in, and analyze results of, external compensation surveys to ensure competitiveness of local compensation program.
- Participated in various compensation surveys to develop competitive data for market analyses and presentation of salary recommendations.
13. Market Analysis
- Conducted market analysis of jobs by reviewing the scope of responsibilities and matching appropriately to comparable internal and external data.
- Perform market analysis for positions, monitor internal equity and consult with management regarding salary grade and structure assignment.
14. Compensation Administration
- Managed compensation administration for the Corporate Sales & Marketing group; Field Operations and Dealer Development Groups totaling 11,000+ employees.
- Team Lead to a compensation administration team of 8 analysts that support 2700+ Systems Sales Representatives in North America.
15. Compensation Analysis
- Provided statistical compensation analysis and cost savings recommendations
- Worked with consultant on total compensation analysis including executive pay analysis per DOE contract.
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List of senior compensation analyst skills to add to your resume
The most important skills for a senior compensation analyst resume and required skills for a senior compensation analyst to have include:
- Compensation Programs
- Human Resources
- HRIS
- FLSA
- Data Analysis
- Salary Surveys
- Market Data
- Compensation Policies
- Compensation Practices
- Compensation Data
- Base Pay
- Compensation Surveys
- Market Analysis
- Compensation Administration
- Compensation Analysis
- Executive Compensation
- Survey Data
- Develop Recommendations
- Compensation Philosophy
- EEO
- Compensation Processes
- Compensation Strategy
- Salary Structure
- Program Design
- Analytical Support
- Performance Management
- Incentive Programs
- Market Trends
- Compensation Issues
- Salary Administration
- Market Competitiveness
- Business Objectives
- Statistical Analysis
- Sales Compensation
- External Competitiveness
- Survey Participation
- Compensation Committee
- Compensation Trends
- Incentive Compensation
- PeopleSoft
- Salary Planning
- Compensation Structure
- Competitive Position
- Calculation
- Internal Equity
- Salary Data
- Survey Results
- LTI
- Merit Increases
- Accruals
Updated January 8, 2025
