Published: August 30, 2024 - The Senior Compensation Analyst conducts comprehensive market assessments and annual salary structure reviews, ensuring alignment with industry best practices. Serving as a key advisor to functional leaders, this role designs and administers merit and bonus processes, collaborates on incentive plans, and monitors plan effectiveness. Expertise in developing performance-based pay plans, conducting organizational studies, and managing global compensation systems supports strategic compensation practices and organizational objectives.


Tips for Senior Compensation Analyst Skills and Responsibilities on a Resume
1. Senior Compensation Analyst, Tech Solutions Inc., Austin, TX
Job Summary:
- Study and analyze wage/salaried jobs and prepare standardized job descriptions
- Map current positions to published survey sources, maintain survey matches as positions change (ex. Restructures)
- Evaluate job worth using standard job evaluation techniques and determine grades and pay ranges
- Assist in the development of incentive programs and the administration of performance review, bonus process and merit-rating programs
- Maintain an on-going effort to ensure competitiveness, cost effectiveness, and equity of pay programs
- Conduct pay surveys and participate in such surveys conducted by third parties
- Generate reports/queries, including writing, maintaining, and supporting a variety of reports or queries utilizing appropriate reporting tools in Workday
- Support HR Leadership, and run ad hoc compensation reports and provide insights based on data
- Pull data and insights into presentation format for CEO/Board of Directors
- Audit effectiveness of pay programs on a regular basis
- Remain current on all personnel policies, programs and practice and stay informed of new (and pending) laws and regulations
- Provide counsel and support on all matters related to compensation to all levels of management and staff
- Collects, analyzes, and reviews requirements to implement compensation configurations in HR system.
- Thoroughly develops understanding of the system.
Skills on Resume:
- Job Analysis (Hard Skills)
- Job Evaluation (Hard Skills)
- Survey Data Mapping (Hard Skills)
- Compensation Program Development (Hard Skills)
- HR Systems Configuration (Hard Skills)
- Data Analysis (Hard Skills)
- Presentation Skills (Soft Skills)
- Compliance Knowledge (Hard Skills)
2. Senior Compensation Analyst, Greenfield Enterprises, Denver, CO
Job Summary:
- Assists in administering Hourly, Salaried, International, and Variable Pay programs.
- Performs moderate to complex analysis of performance results and financial impact.
- Monitors multiple plan design setups, assigns plan to participants, and processes payout transactions.
- Develops reports and measurement methods to analyze global compensation against market practices.
- Works with leaders in all locations to understand common practice and establishes effective and sustainable work processes.
- Participates in compensation surveys to collect and analyze wage data to determine the company’s competitive position.
- Ensures competitive position is maintained through monitoring, analyzing, preparing and presenting compensation recommendations.
- Determines aspects of global compensation program design that may be impacted by law, external market, internal, geographic, economic, and industry influences.
- Prepares compensation planning materials and approval documents.
- Partners with business to explore, evaluate, and recommend capabilities.
- Learns supports, maintains, and advocates HR systems (Workday).
- Provides guidance on the resolution of classification/salary inquiries.
- Leads annual salary planning and forecasting of jobs and ranges for the organization’s compensation program to evaluate internal equity, external competitiveness and legal compliance with pay practices
- Leads the annual incentive and variable pay program administration
- Researches and administers new or changing compensation practices to comply with all federal/state/local regulation
Skills on Resume:
- Compensation Administration (Hard Skills)
- Financial Analysis (Hard Skills)
- Global Compensation (Hard Skills)
- Survey Participation (Hard Skills)
- HR Systems (Workday) (Hard Skills)
- Legal Compliance (Hard Skills)
- Report Development (Hard Skills)
- Collaboration (Soft Skills)
3. Senior Compensation Analyst, Vertex Industries, Minneapolis, MN
Job Summary:
- Lead project management and be key partner across all Yum! Brands and all functions
- Develop & align annual salary review guidelines with a pay for performance philosophy
- Administer pay programs for Yum! & all Yum! Brands (merit, bonus, spot awards)
- Support communication & education for HR Partners & employees
- Support US and/or global compensation projects to include internal business studies, market analysis and survey management
- Design & administer spot bonus cash program(s)
- Manage the design, reporting, & system maintenance of MarketPay compensation database
- Creates and analyzes job descriptions, including FLSA determination and grade assignment
- Develops tools, processes, educational materials, communication, and demonstrations to ensure compensation programs are communicated and understood by partners and leaders throughout the company.
- Responsible for the development of process measurement tools, i.e. Dashboards, SOPs, Checklists, etc.
- Supports the annual Merit and Bonus process for the company using Workday
- Develops working knowledge through training, independent research, experimentation and networking for optimal configuration and self-service capabilities.
- Provides daily support for the HCM system related to compensation while identifying and implementing areas for process improvement.
- Understands Workday system and is familiar with Compensation in Workday and can maintain the system
Skills on Resume:
- Project Management (Hard Skills)
- Pay Program Administration (Hard Skills)
- Market Analysis (Hard Skills)
- Compensation Database Management (Hard Skills)
- Job Description Analysis (Hard Skills)
- Communication & Education (Soft Skills)
- Process Improvement (Hard Skills)
- Workday Compensation (Hard Skills)
4. Senior Compensation Analyst, Quantum Dynamics, Portland, OR
Job Summary:
- Provide support to HR Business Partners and Talent Acquisition partners in day to day compensation processes.
- Conduct job evaluations, job leveling, identify FLSA status and provide salary recommendations ensuring internal equity and market alignment of total compensation.
- Analyze employee, market and financial data to summarize findings, draw insights and support recommendations on compensation programs and initiatives.
- Manage cyclical processes including, but not limited to administration of large-scale compensation programs, such as the Alpha-Quarterly review, Apprentice program, annual salary review, annual incentive plans, and other projects.
- Partner with cross-functional key stakeholders and subject matter experts in HR, Finance, Payroll, IT, Legal on compensation matters.
- Develop insights to analyze effectiveness of compensation programs.
- Participate various salary surveys and analyze competitive information to determine appropriate benchmarks and company's market position.
- Review and process compensation change requests, ensuring compliance with established guidelines, policies and practices.
- Document current business processes and identify opportunities to streamline processes.
- Participate in other Total Rewards projects and initiatives.
- Provide support in administration, communication, implementation, and compliance of company-wide benefits programs.
- Create, maintain and foster positive, professional relationships
- Collects and analyzes global compensation data.
- Assists with the deployment of compensation plans and programs to the business.
Skills on Resume:
- Compensation Process Support (Hard Skills)
- Job Evaluation (Hard Skills)
- Data Analysis (Hard Skills)
- Program Management (Hard Skills)
- Stakeholder Collaboration (Soft Skills)
- Survey Participation (Hard Skills)
- Compliance Management (Hard Skills)
- Relationship Building (Soft Skills)
5. Senior Compensation Analyst, Apex Systems, Seattle, WA
Job Summary:
- Conducts market assessments and annual salary structure reviews.
- Functions as a key contact for functional leaders in general industry and the automotive industry regarding best practices in compensation strategy and design.
- Designs, implements and administers merit and annual bonus processes and administration.
- Collaborates with line management on design and implementation of affiliate incentive compensation plans, including eligibility requirements, funding mechanisms, allocation methods and award targets.
- Monitors plan effectiveness and reports to HR management.
- Develops, implements and administers performance-based pay plans including performance measurements and procedures to track program effectiveness and return on human resource investment.
- Conducts studies for management on job design, workflow and organizational levels and makes recommendations to enhance organizational effectiveness.
- Researches and reports on effectiveness of compensation practices and assists in development of integrated compensation strategies to support organization goals and objectives.
- Performs testing of the HR system for global compensation processes.
- Performs compensation unit release testing semi-annually (includes test case preparation, test execution and test results documentation).
- Development, analyze, and audit of other compensation programs
- Develop, propose and track the budget for incentive compensation and fixed pay programs
- Provide administrative and analytical support to the SOO-HR and human resources colleagues
Skills on Resume:
- Market Assessment (Hard Skills)
- Compensation Strategy (Hard Skills)
- Bonus & Incentive Plan Design (Hard Skills)
- Performance-Based Pay Plans (Hard Skills)
- Organizational Effectiveness (Hard Skills)
- HR System Testing (Hard Skills)
- Budget Tracking (Hard Skills)
- Analytical Support (Hard Skills)
6. Senior Compensation Analyst, Summit Innovations, Charlotte, NC
Job Summary:
- Provide analytical support for new plans and revisions to support the company’s objectives
- Track performance of compensation plans
- Work with the internal team to develop compensation and bonus plans
- Identify and report issues related to compensation to the Compensation team and leadership
- Assist with analysis, modeling and costing of incentive pay programs
- Assist with analyzing organizational pay practices
- Make recommendations for salary changes, assist in the company’s participation in compensation surveys
- Assist in setting and maintaining target spend values for all types of compensation spend
- Interpret job evaluations for the purpose of market pricing jobs and slotting to appropriate pay ranges
- Help associate compensation analysts and compensation analysts develop their skills and provide collaborative, constructive feedback
- Participate in and conducts compensation surveys and recommends updates to maintain a market-based pay structure
- Track and calculate incentive compensation payouts
Skills on Resume:
- Analytical Support (Hard Skills)
- Performance Tracking (Hard Skills)
- Compensation Plan Development (Hard Skills)
- Issue Reporting (Soft Skills)
- Incentive Pay Analysis (Hard Skills)
- Market Pricing (Hard Skills)
- Survey Participation (Hard Skills)
- Mentorship (Soft Skills)
7. Senior Compensation Analyst, Horizon Technologies, San Diego, CA
Job Summary:
- Provides day-to-day compensation support including the production of periodic compensation statements and approval forms.
- Utilize analytical and presentation skills to support the development of Board of Directors reporting on compensation programs and annual compensation strategy.
- Prepares ad-hoc compensation analyses by team and business partners.
- Analyzes, designs and recommends incentive and other special payment plans.
- Performs in-depth market analysis of pay using numerous sources and contacts.
- Responsible for survey process including determination of appropriate benchmark surveys, active participation in third-party industry meetings, data analysis, and data submission.
- Responsible for life cycle of position and job title management including documenting, evaluating, establishing pay range, ensuring internal equity, creating job codes, approving and posting the job description.
- Provides consulting to HR partners relating to process, systems support, and problem resolution.
- Develops written communication packets and administrative documents.
- Provides platform training to HR partners, develops and supervises the distribution of reports.
- Facilitates annual base pay increase processes
- Perform job evaluations for the SBA’s base pay program and advises the SOO-HR on classification/reclassification of positions and base pay requests and recommendations
Skills on Resume:
- Compensation Support (Hard Skills)
- Analytical Reporting (Hard Skills)
- Incentive Plan Design (Hard Skills)
- Market Analysis (Hard Skills)
- Survey Management (Hard Skills)
- Job Title Management (Hard Skills)
- HR Consulting (Soft Skills)
- Training & Communication (Soft Skills)
8. Senior Compensation Analyst, Elevate Corp., Nashville, TN
Job Summary:
- Research and analyze competitive compensation practices in the job market
- Conduct special studies, analysis, and research in a broad range of areas
- Prepares related reports, makes recommendations based on findings
- Independently conduct job analysis and make appropriate recommendations.
- Research current industry trends, initiatives and best practices
- Guide and assist HR Business Partners, managers and supervisors in compensation policy and practices
- Conduct compensation parity and equity reviews.
- Analyze salary survey results and recommend any adjustments to the compensation plan
- Provide guidance to departments regarding reorganizations/restructures
- Collect and analyze statistical data and prepare various reports
- Quarterly summaries, forecasts, trends, and workforce analysis
- Support Total Rewards in a variety of projects and initiatives
Skills on Resume:
- Competitive Compensation Research (Hard Skills)
- Job Analysis (Hard Skills)
- Industry Trend Analysis (Hard Skills)
- HR Partner Guidance (Soft Skills)
- Equity Reviews (Hard Skills)
- Salary Survey Analysis (Hard Skills)
- Data Reporting (Hard Skills)
- Total Rewards Support (Soft Skills)
9. Senior Compensation Analyst, Fusion Analytics, Atlanta, GA
Job Summary:
- Deploy base compensation and bonus/incentive plans, policies, procedures, and practices
- Define the methods and processes required to conduct labor market surveys to determine compensation trends
- Analyze jobs and compare labor rates by various scopes to ensure all direct compensation programs are cost-effective and competitive in all appropriate labor markets
- Manage the market survey process to collect and analyze competitive salary information used for assessing the company's competitive position
- Recommend opportunities to launch new or refine existing compensation plans.
- Provide guidance, decision support tools and make recommendations to HR leadership on compensation issues at all levels and functional areas of the organization
- Maximize the effectiveness of management decisions.
- Ensure direct compensation programs are executed according to policies, procedures and effectively managed to ensure all timelines and deliverables are met.
- Analyze program results, recommends corrective or alternative actions to resolve compensation-related situations.
- Formulate recommendations regarding the development of company compensation plans and structure, and FLSA review exemptions.
- Provide specialized support to internal and external audits as situations require.
- Utilize document management and collaboration applications regularly to review, research, recommend, track and process various types of compensation transactions (e.g. offers, promotions, job evaluations, off-cycle adjustments, etc.)
- Ensure conformance to compensation policies, procedures, practices, and programs and meet established service performance levels.
- Deploy in coordination with HR leadership direct compensation programs including the annual wage/salary review, bonus and growth promotion programs
Skills on Resume:
- Compensation Plan Deployment (Hard Skills)
- Market Survey Management (Hard Skills)
- Job Analysis (Hard Skills)
- Compensation Plan Recommendations (Hard Skills)
- HR Leadership Support (Soft Skills)
- Program Execution (Hard Skills)
- Audit Support (Hard Skills)
- Policy Compliance (Hard Skills)
10. Senior Compensation Analyst, Synergy Enterprises, Dallas, TX
Job Summary:
- Coordinate the program launches with HR Business Partners and based upon the process roles educates the HRBP’s on the program guidelines
- Provide necessary tools and resources to support program objectives and accurately reflect management recommendations and business performance.
- Conduct compensation-related projects (e.g. comprehensive direct compensation) market analysis to assess competitive positioning, annual salary budget and pay structure adjustment recommendations) on a regular and ad hoc basis (e.g. special studies)
- Address issues impacting company compliance and competitiveness.
- Recommend actions that align with compensation initiatives and ensure consistency with internal guidelines, policies, practices, procedures and relevant external regulations.
- Capable of managing multi-level projects ensuring all milestones and deliverables are met.
- Manage all compensation survey processes ensuring all data submissions conform with the various data input formats/requirements, submission timelines and reflect matches between internal positions and market benchmark positions.
- Compile results, interpret survey results and identify labor market trends to support the management of compensation programs for all North American operations.
- Conduct additional research on all questionable findings or trends to ensure a comprehensive understanding of the compensation data and competitive labor markets.
- Maintain and update database of all job descriptions according to standard operating procedure and ensuring compliance with all organizational and governmental requirements.
- Continually review, research and analyze compensation processes to identify and recommend changes to improve efficiency, effectiveness and overall quality
- Establish and manage project plans for timely and effective program execution.
- Collaborate with SBA leaders in the development of job documentation/position descriptions
- Ensure the administration is executed consistently with guidelines and timelines.
Skills on Resume:
- Program Coordination (Soft Skills)
- Market Analysis (Hard Skills)
- Compliance Management (Hard Skills)
- Project Management (Hard Skills)
- Survey Management (Hard Skills)
- Data Interpretation (Hard Skills)
- Job Documentation (Hard Skills)
- Efficiency Improvement (Soft Skills)