COMPENSATION ANALYST SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Updated: Jan 11, 2025 - The Compensation Analyst demonstrates a strong aptitude for analyzing business needs and referencing market data to formulate compensation recommendations, leveraging proficiency in Excel for data analysis and formula application. With experience in supporting Human Capital Management and HRIS applications, expertise in compensation principles is applied to align outcomes with data for fact-based decision-making. Skilled in presenting data, trend analysis, and embracing creative approaches, the analyst excels in managing projects independently within a multinational business context.

Essential Hard and Soft Skills for a Standout Compensation Analyst Resume
  • Data Analysis
  • Excel Proficiency
  • Compensation Principles
  • HRIS Systems
  • Market Research
  • Statistical Analysis
  • Reporting
  • Data Modeling
  • Benchmarking
  • Job Evaluation
  • Attention to Detail
  • Communication
  • Problem-Solving
  • Critical Thinking
  • Adaptability
  • Presentation Skills
  • Interpersonal Skills
  • Decision-Making
  • Creativity
  • Project Management

Summary of Compensation Analyst Knowledge and Qualifications on Resume

1. BA in Economics with 3 years of Experience

  • Experience working for a medical device or medical technology company.
  • Follow a plan of action but also maintain flexibility as the organization evolves through a high-growth period.
  • Strong aptitude for understanding business needs, job documentation and analysis, referencing market data, and evaluating internal equity of jobs to formulate compensation recommendations.
  • Proficient in Excel and using formulas in the application.
  • Experience supporting Human Capital Management or HRIS applications and maintenance.
  • Knowledge of compensation principles and techniques, and experience applying them.
  • Align desired outcomes to data to have fact-based discussions and decision-making.
  • Comfortable presenting, articulating data, trend analysis, and listening to points of view across many levels of the organization, including managers and directors.
  • Open to trying new and creative approaches to achieve the objectives, including increased efficiency.
  • Experience as a compensation analyst in a multinational business
  • Highly analytical with a good head for data.
  • Work self-sufficiently and manage projects.
  • Proficient with WorkDay, Microsoft Office Suite, and market surveys (i.e. Radford, etc.)

2. BS in Statistics with 5 years of Experience

  • Experience supporting and evaluating compensation models and processes
  • Experience with sales incentive plans, Radford, Payscale, other benchmarking surveys and tools
  • Strong Excel and/or Google Sheets skills including using advanced features (pivot tables, look-ups, index, macros)
  • Excellent verbal and written communication skills with multiple peer groups and levels of management
  • Excellent organizational skills for tracking the data sources, and attention to detail
  • Ability to handle multiple projects in a fast-paced environment with ambiguity and changing priorities
  • Excellent written and verbal communication skills.
  • Ability to read, write, and interpret instructional documents such as reports and procedure manuals.
  • Must have above-average mathematical skills, including the ability to compute rates, ratios, and percentages
  • Ability to work with mathematical concepts such as probability and statistical inference.
  • Must be able to work independently but under minimal supervision.

3. BA in Business Administration with 4 years of Experience

  • Experience in sales compensation in a professional, fast-paced environment (tech)
  • Effectively analyze data and create meaningful, understandable models, reports, metrics, and charts
  • Experience with Incentive Compensation tools (Xactly-Incent)
  • Experience in compensation, either in consulting or in a large corporate setting
  • Certified Compensation Professional (CCP) designation
  • Broad compensation experience including comp analyses, completing salary surveys, establishing pay lines/salary grades, job families, career ladders and related compensation policies, programs and procedures
  • Ability to work with all levels to identify and fix problems
  • Excellent analytic skills with data sets and accuracy of calculations
  • Ability to review and process large volumes of confidential employee data
  • Detail-oriented with the ability to use Excel to calculate and administer incentive plans
  • Strong communication skills to communicate incentive plans to employees
  • Possess a process mindset and ability to follow and suggest improvements to repeatable processes.

4. BA in Finance with 2 years of Experience

  • In-depth knowledge of compensation terminology, job evaluation, incentive compensation design and reporting analysis
  • Experience in various HRIS systems required with a strong preference, including Workday and Success Factors
  • Experience in the analysis, design, and/or administration of compensation programs
  • Knowledge of Microsoft Office, and Excel skills, including working knowledge of pivot tables, Vlookups and logic calculations.
  • Ability to consolidate and work with large volumes of employee compensation data
  • High energy, results-oriented with a strong operations skillset, can work in an agile environment with attention to detail
  • Strong analytical/numeric skillset with the ability to master new systems quickly
  • A consummate team player who can build effective professional relationships 
  • Ability to effectively work with and communicate across multiple levels of the organization
  • An established track record of building credibility and trust across the organization, candid communication, high integrity, sound business ethics and judgment
  • Excellent written and verbal communication skills, ability to multi-task on multiple projects
  • Ability to multi-task with limited supervision

5. BS in Mathematics with 4 years of Experience

  • PHR, SPHR, CEBS, and/or CCP certification.
  • Experience administering base, executive, and incentive compensation as well as commission programs.
  • Solid knowledge of job analysis & evaluation, particularly with market pricing
  • Solid grasp of analytics, metrics, data, and statistics.
  • Demonstrated proactive communication and customer-driven with emphasis on results and privacy.
  • Strong project management and organizational skills and ability to manage multiple projects and priorities simultaneously
  • Global compensation experience and certified Compensation Professional (CCP).
  • Excellent verbal and written communication skills
  • Ability to influence and outstanding organizational skills and attention to detail
  • Able to work cross-functionally with different areas of an organization
  • Strong analytical skills as you will be required to understand and effectively use data and metrics to dictate processes/workflows
  • Proficiency in Excel and other data tools

6. BA in Human Resources with 3 years of Experience

  • Excellent analytical and technical skills including expertise in Excel, Word, PowerPoint and HRIS.
  • Knowledge of, and experience with, compensation principles and concepts, compensation analysis and consulting, including market pricing, compensation plan/structure design, job evaluation and grading, and FLSA review.
  • Demonstrated maturity in dealing with all levels of employees and the ability to maintain confidentiality of all employee information.
  • Strong planning, problem-solving, project management, organizational, and communication skills, able to multi-task.
  • Current PHR, SHRM-CP, or CCP certification (or willingness to obtain)
  • Ability to develop positive working relationships with both internal and external vendors and customers.
  • Ability to work well with others in a fast fast-paced, dynamic environment.
  • Ability to be respectful, approachable, and team-oriented while building strong working relationships and a positive work environment.
  • Unstanding attention to detail, strong sense of ownership, urgency, and accountability.
  • Ability to define problems, collect data, draw valid conclusions, and recommend and implement solutions.
  • Knowledgeable of legislation, tax, and regulatory issues impacting compensation and benefits programs.
  • Ability to consult, and collaborate with multiple stakeholders across all functional areas

7. BA in Economics with 5 years of Experience

  • Technical proficiency: report writing tools, notably Cognos, Access, VBA and/or SQL 
  • Excellent critical thinking, problem-solving, and mathematical skill set.
  • Understanding of basic statistical analysis sound judgment and desire for innovation.
  • Ability to think and express oneself clearly and creatively, using verbal, numerical, and graphical approaches.
  • Ability to work well under pressure and to meet deadlines, while maintaining a positive attitude and providing exemplary customer service.
  • Ability to handle sensitive HR information with a high degree of confidentiality and discretion.
  • Must be detail-oriented with strong analytical skills and be able to present analytical data in an easily understandable format.
  • Excellent interpersonal and organizational skills.
  • Strong technical knowledge of Excel required including development of spreadsheets with formulas, functions, pivot tables, and lookups.
  • Ability to prioritize and handle multiple projects at once.
  • Knowledge of compensation principles, programs, and practices.
  • Must be able to work in a fast-paced changing environment and be able to use independent judgment for decisions that may not be straightforward.

8. BA in Finance with 7 years of Experience

  • Experience in Sales Compensation, HR or People Analytics, Finance, Economics, Investment Banking, Financial Actuary in a related industry
  • Experience in a Compensation Analyst role 
  • Experience in the healthcare industry is not required but would be helpful
  • Experience working directly with managers and supervisors
  • Experience preparing job descriptions must be highly proficient in Excel and Word
  • Must be a team player with strong attention to detail and able to work independently
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem-solving, mathematical skills, and sound judgment
  • Strong business acumen and ability to interface with executive management
  • Ability to work independently, to complete assignments within parameters (instructions, prescribed routines, accepted practices), and to recommend enhancements beyond those parameters.
  • Strong verbal and written communication skills
  • Ability to effectively communicate with all levels of employees, management, and executives.

9. BA in People Analytics with 6 years of Experience

  • Experience in Compensation and have Software-company experience 
  • Stellar spreadsheet skills: logic, modeling, complex formulas, etc.
  • Collaborative attitude, a learning mindset, and tenacity to meet tight deadlines
  • Strong adherence to confidentiality, and a high level of integrity and discretion
  • Ability to influence and outstanding organizational skills and attention to detail
  • Experience in compensation including job evaluations, salary structure, salary administration and market analysis  
  • Certification in Compensation (CCP) or related HR certification
  • Acts confidently in uncertain circumstances, works effectively in ambiguous situations
  • Ability to engage stakeholders up to EVP level in compensation principles and discussions.
  • Ability to manage the portfolio or Segment group, including full autonomy for engagement and driving desired results.
  • Ability to solve problems by applying Econometrics (Mathematical, Statistical and Computer Science thinking)
  • ADX, SQL, and Excel modeling skills, knowledge in R (statistical experience)
  • Using thought leadership (and data) to systematically consider end-to-end implications of problems and develop potential solutions.

10. BA in Economics with 5 years of Experience

  • End-to-end process thinking and analytical skills
  • Certified Compensation Professional (CCP)
  • Experience in various HRIS systems is required with a strong preference for Ultipro
  • Strong technical knowledge of Excel required including development of spreadsheets with formulas, functions, pivot tables, and lookups.
  • Must be comfortable and able to work in a fast-paced changing environment 
  • Able to use independent judgment for decisions that may not be straightforward
  • Able to prioritize and manage multiple tasks/projects at once.
  • Strong verbal and written communication skills
  • Ability to work on problems of diverse scope where analysis of data requires evaluation.
  • Demonstrated ability to maintain total confidentiality in all matters related to employee compensation
  • High-level organizational, project, and time management skills
  • Excellent verbal and written communication skills

11. BS in Statistics with 8 years of Experience

  • Experience in the Compensation field, including experience development of new programs
  • MS Office, including advanced Excel skills.
  • Professional in Human Resources (PHR) certification
  • SHRM-CP, SHRM-SCP, PHR, and/or SPHR Certification.
  • SAP, SuccessFactors, and Kronos experience.
  • SHRM Certification (SHRM-SCP, SHRM-CP)
  • Knowledge of compensation systems and PC Applications including Microsoft Office.
  • Experience working with HRIS systems strongly preferred, Kronos, Lawson, SAP experience
  • Executive and equity compensation experience
  • Strong analytical and presentation skills
  • Experience with a market pricing tool is preferred, Market Pay experience is preferred
  • Intermediate experience in Microsoft Excel required, Advanced experience 

12. BA in Economics with 3 years of Experience

  • Possesses an understanding of both compensation theory and practice
  • Experience with compensation methodology and analysis, including performance appraisals
  • Advanced knowledge of all office equipment
  • Experience with SuccessFactors, proficient with PowerPoint
  • Proficiency with database, report writing and spreadsheet software
  • Advanced knowledge and proficiency using Word and Excel
  • Knowledge of Infinium/AS400 or similar HR system
  • Excellent organizational skills, strong analytical and problem-solving skills
  • Superior attention to detail and accuracy
  • Ability to interpret data and translate it into written word
  • Ability to prioritize, meet deadlines, and be confidential
  • Ability to work independently and with others

13. BA in Finance with 5 years of Experience

  • Knowledge of Excel including complex formulas, such as IF statements, concatenations, VLOOKUP function, and pivot tables.
  • Knowledge of HRIS and reporting and ability to maintain confidential information.
  • Highly analytical and strategic thinker.
  • Strong math skills and ability to prioritize work and meet tight deadlines.
  • Excellent follow-through skills, knowledge of the FLSA and similar State regulations impacting compensation.
  • Advanced reporting, analytical, and data modeling skills
  • Advanced proficiency in Excel and advanced organizational and administrative skills
  • Ability to work on several projects simultaneously
  • Must be able to adapt to shifting demands
  • Knowledgeable in all laws about the area of Compensation
  • Familiar with a variety of the field’s concepts, practices, and procedures as related to Compensation
  • Excellent written and oral communication skills

14. BS in Accounting with 4 years of Experience

  • Have PHR/SPHR, SHRM-CP/SHRM-SCP
  • Excellent interpersonal, counseling, and negotiation skills.
  • Basic Microsoft Word, Microsoft PowerPoint
  • Excellent organizational and time management skills.
  • Proficient with Microsoft Office Suite or similar software.
  • Experience as a Compensation Analyst, preferably in financial services
  • Ability to independently prioritize competing schedules, proactively anticipate and complete tasks
  • Ability to solve problems by researching source data and system logic
  • Excellent written and verbal communication skills
  • Ability to adapt and respond to changing priorities
  • Familiarity with Access databases and running queries in SQL
  • Detail-oriented with excellent time management skills

15. BA in Business Administration with 6 years of Experience

  • Intermediate knowledge of Human Resource Information Systems
  • Intermediate knowledge of Base Pay fundamentals, including job documentation and evaluation
  • Basic knowledge of employment law and legal compliance regulations
  • Basic knowledge of engineering industry-type jobs
  • Basic knowledge of electronic file storage system
  • Advanced Microsoft Excel and intermediate PeopleSoft skills
  • Intermediate relational database skills
  • Thorough understanding of employment laws, employee engagement best practices, employee wellness programs, as well as applicable policies and federal, state, and local employment laws and regulations.
  • Extensive knowledge of compensation strategies and incentive programs.
  • Extensive knowledge of quantitative and qualitative research methods.
  • Extensive knowledge of human resource laws, regulations, and best practices.
  • Excellent written and verbal communication skills.

16. BS in Human Resources Management with 4 years of Experience

  • Knowledge and application of compensation principles, theories, policies, practices and HRIS systems.
  • Strong attention to detail and advanced analytical and problem-solving skills.
  • Experience in an analytical role within the compensation space
  • Ability to manage large sets of data, detail-oriented and sensitive with confidential data
  • Excellent verbal and written communication skills
  • Ability to work efficiently in a fast-paced, high-growth, changing environment
  • Experience with compensation in a high-growth organization and know how to deliver pressing daily needs with an eye towards achieving longer-term objectives.
  • Advanced proficiency with Microsoft Office/Google Suite (particularly Excel - including the use of formulas, pivot tables, and charts)
  • Intermediate problem-solving skills (Identify, analyze, research, evaluate, resolve)
  • Multi-tasking ability (Prioritize, organize, schedule work)
  • Intermediate knowledge of Company compensation programs
  • Intermediate Human Relations Skills (Written, Verbal, Client Service)

17. BA in Business Administration with 5 years of Experience

  • Top-tier analytical and mathematical skills with an advanced understanding of compensation-related accounting and financial statements
  • Advanced modeling skills in Excel (pivot tables, VLOOKUP, Macros, etc.) as well as a demonstrated ability in PowerPoint
  • Proven track record working with and manipulating large data sets 
  • Ability to understand trends and develop recommendations for action based on the analysis
  • Demonstrated ability to draft compensation plans, including commission and long-term incentive bonus programs
  • Demonstrates initiative in a fast-moving environment
  • Proactive problem solver who leads with conviction, passion, strong work ethic and steadfast integrity
  • Possesses a 'Play to Win' mentality, is resilient in the face of change
  • Ability to pivot, adapt, and perform in a rapidly changing environment
  • Experience working with a robust HRIS system and compensation benchmarking software (such as CompAnalyst or MarketPay) and working knowledge of compensation programs
  • Knowledge of local, state and federal laws governing compensation practices.
  • Advanced to expert-skill level for Microsoft Office applications.

18. BA in Economics with 4 years of Experience

  • Experience in broad-based Compensation administration and analysis
  • Excellent interpersonal and organizational skills.
  • Professional experience in the area of compensation and/or finance, math or economics.
  • Have prior sales compensation and/or consulting experience
  • Highly data-driven and advanced skills in Microsoft Excel, PowerPoint, and Word.
  • Financial modeling or advanced spreadsheet development
  • Strong intellectual curiosity, including a willingness to take responsibility and ownership
  • A high level of accuracy and attention to detail
  • Strong math / financial, analytic and problem-solving skills
  • A demonstrated work ethic, self-motivated, and proactive
  • Ability to work within a fast-paced environment and demonstrate the capacity to manage and prioritize multiple projects
  • Established planning and organizational skills
  • Process-oriented and results-driven and ability to meet timely deadlines.

19. BS in Business Administration with 7 years of Experience

  • Background in designing, developing, or maintaining compensation systems
  • Experience working with payroll and other HR-related finance outputs
  • Excellent verbal and written communication skills
  • Ability to effectively communicate with internal and external customers.
  • Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service.
  • Proficiency in the use of Microsoft Excel (complex formulas, pivot tables, v-lookups, and other advanced functions).
  • Solid knowledge of Microsoft Outlook, Word, and PowerPoint
  • Highly detailed driven with emphasis on accuracy, coupled with the ability to see the broader picture, provide insights and recommendations
  • Ability to create dynamic tools and models to interpret and analyze data.
  • Knowledge of market pricing, job evaluation tools and techniques, and salary administration.
  • Qualitative and analytical skills including manipulating data, querying, and reporting required.
  • Ability to analyze and research compensation trends and partner with appropriate internal and external resources.

20. BS in Human Resources with 6 years of Experience

  • Relevant experience in the Compensation function or other relevant experience utilizing analytical skills, such as in the Finance function
  • Competence in the analysis of data and broad-based compensation programs experience especially with Non Exempt-type jobs
  • Have global compensation experience preferred
  • Initiative and thrives in a fast-paced and dynamic environment and can effectively adapt to changing priorities
  • Self-starter and ability to work with ambiguities
  • Demonstrated attention to detail and ability to translate analyses into concise and clear management reports/presentations
  • Demonstrated progressive compensation analytical experience, preferably in the high-technology industry
  • A passion for accuracy with a sense of urgency
  • Strong data analytical skills and ability to effectively communicate such
  • Highly proficient with desktop software, including Microsoft Word, PowerPoint, and specifically Excel
  • Ability to work independently and to carry out assignments to completion within parameters of instructions given prescribed routines, and standard accepted practices.

21. BS in Statistics with 5 years of Experience

  • Experience in compensation experience to include experience in a centralized compensation department.
  • Experience using HR ERP technology such as Oracle, Workday, or SAP/SuccessFactors.
  • Demonstrated understanding of the laws and regulations that affect human resources and compensation.
  • Critical thinking skills with the ability to research and analyze data drawn from multiple sources to find problems and make effective decisions.
  • Strong customer service orientation.
  • Ability to develop and maintain effective working relationships with a variety of stakeholders.
  • Proficiency in MS Office applications as well as Excel.
  • Certified Compensation Professional (CCP) and excellent customer service skills and strong work ethic
  • Ability to interface effectively with employees across cultures
  • Demonstrated ability to effectively utilize SAP and web-based tools
  • Proven ability to manage multiple priorities and meet deadlines.
  • Demonstrated verbal and written communication skills

22. BS in Human Resources with 3 years of Experience

  • Experience in compensation or data analysis positions.
  • Experience with multiple locations and multiple states
  • Expert skill level for Microsoft Office applications
  • Experience with Workday and excellent prioritization and organization skills.
  • Experience in compensation design, development, and administration.
  • Ability to work independently and use sound judgment skills.
  • Experience using compensation administration software such as Salary.com CompAnalyst, Pay Factors, or Pay Scale MarketPay.
  • Ability to translate the technical nature of compensation for clear stakeholder understanding.
  • A consultative and collaborative style that allows for influence without authority.
  • Ability to negotiate with firmness and tact.
  • Strong business and financial acumen.

23. BA in Finance with 4 years of Experience

  • Team player, able to work independently
  • Strong work ethic but willing to have fun
  • Extremely proficient in Excel, PowerPoint, and Word
  • Knowledge of the principles and practices of human resources management
  • Knowledge of human resources programs such as employment, compensation, classification, employee relations, benefits, workers’ compensation, or organizational development
  • Professional Skill in oral and written communication, in the use of computer and human resources-related software applications, and in handling multiple tasks and prioritizing.
  • Ability to explain policies and procedures to staff and the public
  • Ability to maintain confidential and sensitive information, develop and analyze human resource processes
  • Ability to establish and maintain effective working relationships with applicants, employees, and the general public, and to communicate effectively.
  • Highly organized with the ability to manage a variety of projects in an environment with competing demands
  • Ability to analyze data and drive excellent decision-making
  • Superior Excel and analytical skills
Relevant Information
Compensation Program Manager Skills, Experience, and Job Requirements
Compensation Consultant Skills, Experience, and Job Requirements
Compensation Manager Skills, Experience, and Job Requirements
Compensation Specialist Skills, Experience, and Job Requirements