A compensation analyst is a person who develops compensation structures. The aim is to optimize hiring & maximize employee retention. He or she works by analyzing position responsibilities & remuneration packages. In this compensation analyst job description, you can see more detailed tasks and duties.
Compensation Analyst Job Description Template
This position can be defined as a human resources expert in benefits structures, compensation analysis, and labor costs. Now, we are hiring a compensation analyst. In this position, a compensation analyst evaluates our company’s remuneration structures and evaluates our remuneration packages.
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This compensation analyst job description template also tells about the required qualifications to be met for fulfilling this position. An ideal candidate should be meticulous. Besides that, having outstanding business acumen and a great understanding of compensation analysis is also required.
Compensation Analyst Job Responsibilities
As a compensation analysis, you will be responsible for many tasks and duties. You have to be familiar with these so that you can play this role effectively. We have summarized the compensation analyst job responsibilities here. You can see the detailed tasks & duties a compensation analyst in this list:
- Grows and oversees company remuneration programs & policies
- Analyzes positions to ascertain the scope of employee requirements & responsibilities
- Analyzes and interprets remuneration programs of the company
- Reviews relevant compensation data to ensure that remuneration policies of the company are competitive
- Contributes company data to compensation surveys
- Predicts upcoming trends to steer the company positively
- Manages wage structure creation & maintenance
- Ensures company compliance with relevant regulations and laws
Compensation Analyst Job Requirements
Hiring a compensation analyst cannot be done carelessly. There are some required qualifications to be met by all candidates. The compensation analyst job requirements relate to educational degrees, experiences, skills, etc. The detailed requirements can be seen in the list provided below:
- Bachelor’s degree in Human resources or Business Administration
- CCP/similar certification
- PHR certification
- Proven work experience for 3+ years as a compensation analyst
- Proficient with HRIS system, Ms. PowerPoint, Ms. Excel, and Ms. Word
- Expected people skills
- Excellent skills in communication, both written & verbal
- Proficient with data analysis & compensation research
- Strong skills in problem-solving
Compensation Analyst Job Description FAQs
What does a compensation analyst do in the company?
A compensation analyst develops compensation structures. The aim is to optimize hiring & maximize employee retention. He or she works by analyzing position responsibilities & remuneration packages. The job description template above tells the more detailed duties.
Can I edit the posted compensation analyst job description template here?
Yes, you can. You can edit this customizable compensation analyst job description template easily. Adding or removing the details is allowed to fit your needs.
Do you have interview questions for a compensation analyst?
Besides the compensation analyst job description, a collection of question samples can also be found here. The questions can be used to interview all the candidates.
