Sr Analyst Compensation

Were building a world of health around every individual shaping a more connected convenient and compassionate health experience. At CVS Health youll be surrounded by passionate colleagues who care deeply innovate with purpose hold ourselvesaccountable and prioritize safety and quality in everything we do. Join us and be part of something bigger helping to simplify health care one person one family and one community at a time.

Position Summary

The Senior Compensation Analyst is an experienced professional individual contributor that provides consultation and analytical project &

operational support to the Compensation team. This role partners with HR and business leader to deliver market informed compensation

recommendations conducts market pricing and salary studies supports annual salary review cycles and compensation governance performs

job evaluations and produces data-driven reports that inform pay decisions. The ideal candidate will operate with general supervision and

exercises independent judgement within guidelines combines strong analytical capabilities with experience utilizing compensation and HR

systems to deliver market-driven recommendations support compensation decision-making and ensure alignment with organizational pay

practices.

Key Responsibilities

Market Studies Salary Reviews and Governance

• Conduct market pricing peer cuts and benchmarking using multiple survey and data sources.
• Analyze and age survey data apply geographic differentials and recommend competitive pay ranges and structures.
• Support the annual merit bonus and off-cycle salary review processes including data preparation modeling budget tracking
• and quality checks.
• Review pay actions (hires promotions transfers and adjustments) for adherence to compensation guidelines internal equity
• and range placement.
• Evaluate internal equity pay positioning and compensation-related trends
• Support compensation governance by maintaining policies pay action / job catalog guidelines approval workflows and audit-
• ready documentation.
• Provide routine compensation guidance to HR Business Partners.

Data Analysis and Reporting

• Build maintain and automate recurring and ad hoc compensation reports using Market Pay Workday compensation
• software and human capital analytics tools.
• Develop reports models presentations and workforce insights to support decision-making.
• Analyze workforce and pay data to identify trends outliers compression and equity concerns and translate findings into clear
• recommendations.
• Perform data validation and integrity checks across HRIS and compensation systems.
• Prepare executive-ready summaries and visualizations for the Director Senior Managers HR Business Partners and
• business leaders.
• Respond to data requests with accuracy timeliness and appropriate confidentiality.

Job Evaluations

• Assist with job evaluations for new and changed positions using the organizations job leveling and evaluation methodology.
• Review job descriptions for accuracy and consistency and partner with HR Business Partners and Compensation team to
• gather information.
• Recommend job levels grades and market matches and document the rationale.
• Support leveling and calibration discussions to promote internal equity and consistency.

Compensation Projects

• Manage project timelines deliverables and stakeholder communications for assigned work.
• Draft documentation process guides and presentation materials to support project rollout.
• Identify opportunities to streamline processes and improve consistency across compensation programs.
  

Required Qualifications

• 3 years of progressive experience in HR with a focus on compensation or total rewards.
• Experience leveraging HR compensation and workforce data to drive insights and recommendations.
• Strong analytical reporting and data modeling skills with the ability to work with large datasets.
• Experience developing reports dashboards and visualizations to support business decision-making.
• Ability to optimize technology solutions that support compensation administration analytics and reporting.
• Strong problem-solving critical thinking and attention to detail.
• Advanced Excel skills including modeling pivot tables lookups and data validation.

Preferred Qualifications

• Certified Compensation Professional (CCP) or progress toward certification.
• Experience with Workday (HCM and/or Compensation) including reporting and data extraction.
• Experience using compensation survey and market pricing tools such as Payfactors MarketPay ERI and WIN.
• Familiarity with compensation administration and human capital analytics platforms including WTW and Aon solutions.
• Experience with data visualization tools such as Tableau Power BI or similar platformsExperience supporting annual
• compensation cycles in a large or complex organization
  

Core Competencies

• Analytical thinking: Turns complex data into clear actionable insights.
• Problem solving: Identifies issues evaluates alternatives and recommends practical solutions
• Communication & Influence: Translates analyses into concise business recommendations
• Collaboration: Works effectively with multiple senior stakeholders and cross-functional teams.
• Prioritization: Manages competing requests and deadlines with composure.
• Integrity: Handles sensitive compensation data with discretion and professionalism.
• Continuous improvement: Looks for ways to improve processes accuracy and efficiency.

Education

• Bachelors degree in human resources Business Finance Economics Statistics or a related field (or equivalent experience).

Anticipated Weekly Hours

Time Type

Pay Range

The typical pay range for this role is:

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience education geography and other relevant factors. This position is eligible for a CVS Health bonus commission or short-term incentive program in addition to the base pay range listed above.

Our people fuel our future. Our teams reflect the customers patients members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

Additional details about available benefits are provided during the application process and on Benefits Moments.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal state and local laws.