Compensation Analysts

Job Summary
Compensation Analysts Develop and analyze the organizations compensation program. Assist in the design and implementation of base pay structures incentive programs and equity plans that reflect the organizations compensation philosophy. Evaluate benchmark and market price jobs. Analyze compensation data and recommend salary grades. Create reports as needed. Ensure job descriptions are kept current. Assist in the administration of performance review or meritrating programs. Review proposed salary increases and provide feedback based on analysis of the labor market and internal equity. Analyze and forecast the cost of compensation programs. Ensure programs align with business objectives and comply with all applicable laws and regulations. Participate in market surveys. Depending on your unique circumstances you may qualify for one of the levels within this career progression. Please see the details below.

Responsibilities
Compensation Analyst I Develop and analyze the organizations compensation program. Assist in the design and implementation of base pay structures incentive programs and equity plans that reflect the organizations compensation philosophy. Evaluate benchmark and market price jobs. Analyze compensation data and recommend salary grades. Create reports as needed. Ensure job descriptions are kept current. Assist in the administration of performance review or meritrating programs. Review proposed salary increases and provide feedback based on analysis of the labor market and internal equity. Analyze and forecast the cost of compensation programs. Ensure programs align with business objectives and comply with all applicable laws and regulations. Participate in market surveys. Requires basic skill set and proficiency. Conducts work assignments as directed. Closely supervised with little latitude for independent judgment. Typically requires a bachelors with up to 2 years of directly related work experience or a masters degree. This is an EntryLevel position in the General Professional track. Job Code: P20691 Grade: P13 Grade Range: 35192 to 68625 Compensation Analyst II Develop and analyze the organizations compensation program. Assist in the design and implementation of base pay structures incentive programs and equity plans that reflect the organizations compensation philosophy. Evaluate benchmark and market price jobs. Analyze compensation data and recommend salary grades. Create reports as needed. Ensure job descriptions are kept current. Assist in the administration of performance review or meritrating programs. Review proposed salary increases and provide feedback based on analysis of the labor market and internal equity. Analyze and forecast the cost of compensation programs. Ensure programs align with business objectives and comply with all applicable laws and regulations. Participate in market surveys. Requires moderate skill set and proficiency in discipline. Conducts work assignments of increasing complexity under moderate supervision with some latitude for independent judgment. Typically requires a bachelors 4 years or a masters 2 years of directly related work experience. This is a DevelopingLevel position in the General Professional track. Job Code: P20692 Grade: P15 Grade Range: 42583 to 83036 OTHER RESPONSIBILITIES AS DEFINED BY DEPARTMENT .

Minimum Qualifications
QUALIFICATIONS : Compensation Analyst I: Requires a bachelors (or equivalency) with up to 2 years of directly related work experience or a masters degree. Compensation Analyst II: Requires a bachelors (or equivalency) 4 years or a masters (or equivalency) 2 years of directly related work experience. EQUIVALENCY STATEMENT : 1 year of higher education can be substituted for 1 year of directly related work experience. (Example: bachelors degree 4 years of directly related work experience. QUALIFICATIONS PREFERRED BY DEPARTMENT :