Compensation Analyst

Our client is seeking a highly skilled and detail-oriented Compensation Analyst to join our Human Resources team. The Compensation Analyst will play a key role in designing, implementing, and managing competitive and cost-effective compensation strategies to attract, retain, and motivate employees.

Client Details

Our client is a nonprofit organization who is seeking a highly skilled and detail-oriented Compensation Analyst to join our Human Resources team.

Description

• Compensation Analysis:

  • Conduct regular market research and compensation surveys to benchmark salaries and benefits against industry standards and competitor practices.
  • Analyze internal compensation data to assess equity, competitiveness, and alignment with organizational structures.
  • Provide data-driven insights and recommendations to senior leadership regarding salary ranges, bonuses, and other compensation-related policies.

• Salary Structure Management:

  • Assist in developing and maintaining salary structures that reflect the company's goals, budget, and competitive positioning.
  • Support the creation of compensation plans for employees at all levels, ensuring alignment with compensation strategy and market conditions.

• Job Evaluation and Classification:

  • Conduct job evaluations to determine appropriate classification and pay grades, ensuring that roles are aligned with organizational hierarchy and compensation structure.
  • Review and update job descriptions and job families as necessary to maintain clarity and consistency.

• Compensation Reporting and Analytics:

  • Generate regular compensation reports and metrics (e.g., cost of labor, turnover analysis) to monitor trends, assess the impact of compensation programs, and support decision-making.
  • Provide insight into compensation costs, trends, and competitive benchmarking, contributing to budget planning.

• Compliance and Regulations:

  • Ensure compensation programs comply with federal, state, and local labor laws, as well as industry-specific regulations (e.g., FLSA, Equal Pay Act).
  • Monitor changes in labor laws and compensation-related legislation, ensuring the organization remains compliant.

Profile

• 3 years of experience in compensation analysis, human resources, or related fields.
• Strong understanding of compensation trends, salary structures, and regulatory compliance.
• Experience with compensation tools and HRIS systems (e.g., Workday, ADP, SAP).
• Strong analytical and quantitative skills with the ability to interpret data and develop insights.
• Proficiency in Microsoft Excel (advanced functions, pivot tables, VLOOKUP).
• Excellent communication and interpersonal skills, capable of presenting complex information in a clear and concise manner.
• Attention to detail with strong organizational and time management skills.

Job Offer

• Medical and dental benefits starting day 1
• Opportunity to work on a temporary assignment
• Ability to work on a hybrid schedule

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.