Compensation Analyst
Compensation Analyst
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Job Description
Who we are
Who you are:
You are a skilled Compensation Analyst with a strong analytical mindset and deep understanding of compensation programs. With expertise in data analysis and benchmarking you provide vital support for the organizations core compensation initiatives including base pay and short-term incentive plans. Youre detail-oriented able to work independently and have a passion for ensuring compensation processes are aligned with organizational practices and strategies.
What youll do:
You will support the organizations compensation programs through detailed data analysis and program administration. Your role will require you to partner closely with Total Rewards and other internal HR COEs to execute compensation-related processes that are timely accurate and strategically aligned. You will enhance compensation processes support decision-making tools for end users and ensure data quality across the organization. Your work will directly contribute to the effective implementation of compensation strategies that serve the organizations needs.
How youll make an impact:
Manages the administration of annual and off-cycle compensation reports and processes including base pay and bonus calculations eligibility tracking and system audits.
Benchmarks positions using market survey data to support pay structure reviews and internal equity assessments.
Provides analytical support for compensation cycles (e.g. year-end reviews) including data preparation integrity checks reporting and trend identification.
Supports the maintenance of compensation structures salary ranges and data integrity within HR systems resolving functional issues as they arise.
Prepares reports and presentations maintains compensation dashboard to support compensation reviews decision making and program development.
Collaborates with HR and Total Rewards teams to interpret data troubleshoot issues ensure compensation processes run smoothly and align with policy and compliance requirements.
Identifies and proposes process improvements and automation opportunities related to compensation operations using existing practices and new solutions.
Supports the Total Rewards team in development and maintenance of salary structures pay ranges and compensation tools through rigorous data modeling and scenario analysis.
Applies conceptual thinking to compensation-related challenges offering recommendations based on data insights and precedent.
Support the participation in compensation surveys and ensure accuracy in data submissions by resolving discrepancies and applying sound judgment to job matching.
Participate in compensation-related projects to analyze data generate reports and provide insights to stakeholders regarding compensation trends pay equity and the effectiveness of compensation programs.
Stays updated on relevant employment laws regulations and industry standards to ensure compensation practices comply with legal requirements and mitigate any potential risks.
What youll bring to the role:
5-8 years of experience Applying compensation principles data analytics and market benchmarking to support compensation decisions and processes within an HR or Total Rewards function.
Demonstrated experience working collaboratively with HR teams to ensure consistency in compensation practices ensuring alignment with organizational goals and resolving discrepancies or inconsistencies in data.
Proven ability to apply data-driven insights to inform decisions on job leveling market pricing and pay structure adjustments using both historical data and emerging compensation trends.
Experience in conducting compensation analysis and preparing reports dashboards and presentations to communicate insights and recommendations to business leaders and HR teams.
- Experience supporting the implementation of compensation-related initiatives including assisting with process improvements data systems management and ensuring the integrity of compensation tools and methodologies.
Understanding of compensation principles and practices including market pricing job evaluation methods and pay structures.
Familiarity with relevant labor laws employment regulations tax implications and compliance requirements related to compensation practices.
Understanding of HR policies procedures and practices and how they intersect with compensation management.
Knowledge of total rewards concepts including benefits recognition programs and other non-monetary rewards that integrate with compensation strategies.
Strong analytical and problem-solving skills; proficient in data modeling scenario analysis and reporting.
Experience working with compensation survey tools and job evaluation methodologies.
Proficiency in google docs and HRIS/reporting systems; familiarity with data visualization tools is a plus.
Proficiency in analyzing compensation data generating reports and using data visualization tools to communicate insights effectively.
Understanding of the organizations industry business strategy and financial performance to align compensation practices with broader business goals.
Bachelors degree in Human Resources Business Finance or a related field; CCP certification or coursework is an asset.
Why job seekers choose Geotab
Flex working arrangements
Home office reimbursement program
Baby bonus & parental leave top up program
Online learning and networking opportunities
Electric vehicle purchase incentive program
Competitive medical and dental benefits
Retirement savings program
*The above are offered to full-time permanent employees only
How we work
Required Experience:
IC
Employment Type
Full Time
