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Compensation Analyst (Including Associate level and Senior level)

19 Jan 2023 2:51 PM | Cindy Mason (Administrator)

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General Purpose

  • Associate Level:

    Supports the compensation staff in the general administration of the department and clients through market research, data gathering and interpretation of information. Assists with developing alternatives and recommendations. Presents analysis and recommendations to compensation staff and may present information to management

    Compensation Analyst and Sr. Compensation Analyst:

    Conducts compensation analysis through market research, data gathering and interpretation of employee data. Develops alternatives and recommendations. Presents analysis and recommendations to management and may implement proposed solutions. Responsible for all compensation support for a designated client group.

    Responsibilities:

    Associate Level:

  • ·      Under general guidance from the compensation lead or manager, assist business partners, managers and client groups in matters related to compensation administration.
  • Assist with the preparation of compensation analysis through research, data gathering, auditing and interpretation.  
  • Provide administrative support for client organizational change, compensation compliance and processes.
  • Assist with creating job descriptions, performing job evaluations and conducting market research. 
  • Under general guidance, assist with developing salary recommendations and provide assistance with promotion requests.
  • Provide support in the development of compensation reports, alternative solutions and recommendations.
  • Provide compensation support to clients during the annual salary planning process (merit and annual incentive recommendations).
  • Administer compensation specific programs, such as employee recognition/STARS
  • Coordinate activities for outside vendors, such as MarketPay, an on-line market pricing system.
  • Participate in compensation surveys.
  • May perform other duties as assigned.
  • In addition to the above, the Compensation Analyst responsibilities will also include:

  • ·      Prepare compensation analysis through research, data gathering, auditing and interpretation.  
  • Provide support in the development of compensation reports, alternative solutions and recommendations.
  • Under general guidance from the compensation lead or manager, assist business partners, managers and client groups in compensation strategy, programs and issues.
  • Create job descriptions, perform job evaluations and conduct market research. 
  • Provide support for client organizational change, compensation compliance and processes.
  • Develop salary recommendations and provide guidance and recommendations regarding promotion requests.
  • Provide support for client group during annual salary planning process (performance appraisal scores and merit and annual incentive recommendations).
  • Administer compensation specific programs, such as employee recognition.
  • Coordinate activities for an outside vendor, such as an on-line market pricing system.
  • Participate in compensation surveys.
  • In addition to the above, the Sr. Compensation Analyst responsibilities will also include:

  • ·      Develop compensation reports, alternative solutions and recommendations in support of compensation and human resource initiatives.
  • Advise and influence business partners, managers and client groups in compensation strategy, programs and issues. 
  • Update, maintain and administer compensation databases. 
  • Review and approve salary recommendations and provide guidance and recommendations regarding promotion requests.
  • Manage relationships and processes for an outside vendor, such as an on-line market pricing system. 
  • Requirements

    Associate Level:

  • ·       Bachelor’s Degree in Business Administration, Finance, Human Resource Management or a related field; or the equivalent combination of education and related experience.
  • 0 to 3 years of human resources experience.
  • Proficient with the use of spreadsheets, word processing, and presentation applications to gather, analyze, and model information. 
  • Knowledge of data gathering, analysis, forecasting, and modeling techniques. 
  • Ability to maintain the privacy and confidentiality of information.
  • Communication and interpersonal skills including ability to consult with internal and external customers regarding matters/issues which may be sensitive in nature.
  • Ability to work with all levels of an organization including people with different styles and backgrounds; ability to work as a member of a team.
  • Ability to present alternatives and recommendations.

In addition to the above, the Compensation Analyst requirements also include:

  • A minimum of three years related human resources experience, with a minimum of one year in compensation design and administration.
  • Knowledge of data gathering, analysis, forecasting, and modeling techniques and applicable federal, state, and local governmental laws and regulations.
  • Project management skills including project leadership, task identification, scheduling and cost/expenditure identification.
  • Proficient with the use of Excel and Word, to gather, analyze, model and present information and recommendations.
  • In addition to the above, the Sr. Compensation Analyst requirements include:

    • A minimum of five years related human resources experience, with a minimum of three years in compensation design and administration.

    Preferences

  • ·       CCP, PHR or SPHR Certification.
  • Experience in compensation design and administration.
  • Knowledge of and experience with SAP.
  • Knowledge of applicable federal, state, and local governmental laws and regulations.
  • Knowledge of company policies and procedures.

Please note that the posted salary range may not represent the maximum salary available for a job level which will be based on qualifications and professional experience.  

The mid and senior level role will be eligible for a 12% target incentive opportunity.

This role currently has the ability to be hybrid in nature.

Employees must be able to perform the essential functions of the position with or without an accommodation.




(c) 2019 Columbia-Willamette Compensation Group/Total Rewards PDX
Formed in 1990 to support area professionals, CWCG/TRPDX is a Local Network affiliate of WorldatWork.
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