Job Description Template: Compensation Analyst
Compensation Analyst Job Description
Full-Time | Remote/Hybrid/Onsite | Location
$152,000–$92,000 (Suggested salary range for this role per Payscale)
Why [Company]?
Introduce your organization in 3–5 sentences. This is the perfect place to explain what you do and why your company is a great place to work! For example, here's our bio:
Our mission is simple: we want to set people free to do meaningful work. People love our software—and it turns out that people love working here, too. BambooHR has been recognized as a "Best Company to Work For," and we're proud of our team for creating software that makes an impact in the lives of HR pros and employees all over the world.
About Your Role
Give a general overview of what this person will do at your company. For example:
As our Compensation Analyst, you'll oversee the daily operations of our compensation systems. You'll develop methods to collect, analyze, and report compensation data, working with senior staff to meet our company’s objectives. You'll provide accurate compensation information and mentor junior team members, helping them grow and succeed in our organization.
What You'll Do
List specific job responsibilities. For example:
- Review and assess salary data to keep our pay rates competitive and equitable
- Look into pay rates for similar roles to guide our salary structure decisions
- Create pay ranges and grades that align with our goals and financial plans
- Collaborate with payroll colleagues to ensure any pay changes are accurately applied
- Use data to support performance appraisals and link them to compensation
- Help keep our compensation rules up-to-date and legally sound
- Prepare reports to track pay practices and confirm compliance with laws
- Clarify pay details to employees, and address any queries they have
- Oversee annual salary reviews and bonus scheme projects
What You'll Need to Get the Job Done
List what a qualified candidate needs to do their job effectively. For example:
- Bachelor’s degree in human resources, business administration, or a similar field
- 5+ years of experience in compensation analysis
- Proven knowledge of federal, state, and local employee compensation laws
- Ability to identify trends to make recommendations about employee pay
- Proficiency in Microsoft Office, Excel, Word, and PowerPoint
What Will Make Us Really Love You
List the soft skills or "nice-to-haves" that will help your candidate be successful. For example:
- Organization skills
- Effective communication expertise
- Problem-solving abilities
- Data analysis proficiency
What You'll Love About Us
Describe your company's benefits, culture, work environment, and anything else that makes your organization stand out. For example:
Our company's mission and values are rooted in integrity and guide every aspect of our organization, from how we serve our community to how we interact as a team. As we've grown throughout the years, our employees remain at the heart of our success. To show our appreciation, we offer a generous compensation package that includes the following:
- Retirement: 401(k) plan with employer matching
- Healthcare: Medical, dental, vision, and mental wellness coverage
- Life insurance: Group life insurance through our partner
- Charitable giving: Donation matching to a charity of your choice
- Time off: Flexible PTO policy with floating holidays
- Remote program: Virtual team-building events, internet stipend, and ongoing support
- Career development: Professional development reimbursement program
- Family care: Parental leave for all new parents
More About Our Company
Add your equal employment opportunity (EEO) statement, a note about required background checks, and other things a candidate may want to know before applying.
We're committed to providing equal employment opportunities (EEO) to all candidates, without discrimination based on race, religion, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, veteran status, or any other characteristic protected by federal, state, or local laws, including Title VII of the Civil Rights Act of 1964 and the Americans with Disabilities Act (ADA). Following the Immigration Reform and Control Act of 1986, all new hires must verify their identity and eligibility to work in the United States.