Sr. Compensation Analyst

Job Description

Job Description

We are looking for an experienced Sr. Compensation Analyst to join our team on a long-term contract basis. In this role, you will play a critical part in ensuring the stability and effectiveness of our compensation programs. This is a fantastic opportunity for someone with a strong background in compensation strategies and data analysis to contribute to a dynamic organization. This position is based in Andover Massachusetts, and offers the flexibility to work remotely.

Responsibilities :

• Conduct comprehensive research and analysis to develop and maintain competitive pay structures, including pay bands and market pricing.
• Partner with third-party vendors, such as Mercer, to support compensation and benefits initiatives.
• Oversee the implementation and management of a new job framework, ensuring alignment with organizational goals.
• Analyze compensation data using advanced Excel skills and provide actionable insights to support decision-making.
• Collaborate with HR and leadership teams to ensure compensation programs meet the needs of a workforce of over 2,000 employees.
• Regularly review and benchmark compensation practices against industry standards to maintain competitiveness.
• Utilize systems like Workday to manage and track compensation processes efficiently.
• Prepare detailed reports and presentations to communicate findings and recommendations to stakeholders.
• Demonstrated expertise in compensation analysis, including pay bands, market pricing, and benchmarking.
• Proficiency in using Excel for data analysis, including advanced functions and tools.
• Experience working with large organizations, ideally supporting a workforce of 2,000+ employees.
• Familiarity with compensation and benefits software, particularly Workday.
• Strong analytical and problem-solving skills with a data-driven mindset.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Excellent communication skills to effectively collaborate with cross-functional teams and present data-driven insights.
• Previous experience with third-party vendors for compensation and benefits support, such as Mercer.