Job Description
Title : Compensation Analyst
Contract Details :
Location : Wilmington, DE
Hybrid Role 2 days a week onsite
Start : ASAP
Duration : 6 months
Contract to start but potential for Contract to Hire
Candidates Considered : USC or GC Holders.
Compensation Analyst - Job Description :
This position is an internal compensation consultant for our client, where you will be analyzing competitive data for position evaluation, providing guidance on pay decisions, policy and incentive programs. This role communicates compensation philosophy, structure and practices, and ensures alignment with business goals, employee retention needs, and company recruitment efforts.
Compensation Consulting & Job Evaluation
- Serve as internal compensation expert, providing guidance on pay decisions, policy interpretation, and FLSA exemption determinations
- Review compensation data changes in HRIS system for accuracy and approve for payroll processing
- Conduct job evaluations for new roles and re-evaluations, analyzing market data to determine appropriate grades, titles, and compensation
- Partner with human resources, business and finance teams to estimate cost impacts and maintain current job descriptions
Market Analysis & Competitive Intelligence
Complete salary surveys, load data into PayFactors, and analyze results to ensure competitive positioningDevelop market adjustment recommendations and geographic differential updatesResearch competitive practices and recommend survey participationHR Systems & Data Management
Maintain HRMS (Workday) accuracy including job codes, documentation databases, geographic differentials, and compensation reportingPartner with HR Technology to create and load mass data changes, run analytical reports, and extract data for decision-makingManage historical archives and change logs for job evaluations, FLSA testing, and compensation decisionsProgram Implementation & Compliance
Participate in development of annual bonus plan, variable pay plans, recognition programs, merit budget and matrix scale, and common performance review processesConduct regular compliance audits for FLSA exemption status, minimum wage regulations, and fair pay practicesPresent compensation strategy recommendations to leadershipDevelop and deliver compensation training sessions and policy updatesSupport compensation-related integration activities for mergers and acquisitionsCompensation Analyst - Required Skills - MUST HAVES :
Bachelor’s degree in HR, Business, Finance or related discipline. 3-5 years of applicable compensation experience, preferably within a mid to large size and matrixed environmentUnderstanding of federal and state laws and regulations regarding compensation practices and HR policies / proceduresCCP, PHR, or other related designation preferred plusAdvanced Excel skills (formulas, pivots, VBA), Workday and PayFactors experience a plusStrong logical and analytical skillsStrong communication and interpersonal skills, including ability to create presentations and deliver complex information to a variety of different levels of HR / business partners. Ability to speak or write persuasivelyStrong math and analytical skills with attention to detailProven ability to organize, manage and prioritize workloadAbility to work both as a member of a team and independently