Compensation Analyst

Job Description

Job Description

We are looking for a skilled Compensation Analyst to join our team in Arlington, Virginia. This is a long-term contract position within the higher education industry, offering an opportunity to apply your expertise in compensation analysis and benchmarking. The ideal candidate will play a vital role in ensuring accurate data management and supporting compensation strategies.

Responsibilities :

• Oversee the migration of compensation benchmarking data to the new PayFactors system, ensuring accuracy and completeness.
• Validate and analyze compensation data for diverse and unique positions within the organization.
• Collaborate with People Operations to maintain data integrity and streamline processes during transitions.
• Utilize advanced Excel skills to perform calculations, data validations, and formula-based analysis.
• Support ongoing benchmarking efforts by analyzing market trends and aligning compensation strategies.
• Identify and address discrepancies in data and provide solutions for effective data management.
• Develop reports and dashboards to present compensation insights to stakeholders.
• Ensure compliance with organizational policies and external regulations during data handling and analysis.
• Provide expertise and technical guidance on PayFactors functionality to optimize its use.
• Contribute to process improvement initiatives related to compensation data management.
• Proven experience in compensation analysis and benchmarking within a detail-oriented environment.
• Advanced proficiency in using PayFactors is required.
• Strong skills in Microsoft Excel, including formulas, pivot tables, and data analysis.
• Ability to work collaboratively with cross-functional teams and stakeholders.
• Exceptional attention to detail and accuracy in data handling.
• Familiarity with compliance requirements in compensation practices.
• Strong analytical and problem-solving abilities.
• Effective communication skills to present findings and recommendations clearly.