Compensation Analyst

Delta Staffing

Compensation Analyst

Troy, MI
Full Time
Paid
  • Responsibilities

    Core Responsibilities

    • Assess job requirements by conducting interviews with experts, analyzing completed questionnaires, and observing job tasks.
    • Create and maintain comprehensive job descriptions, qualifications, and evaluation documents.
    • Benchmark compensation for new hires to ensure alignment with market standards and internal equity.
    • Evaluate and rank positions to ensure fair pay within the organization.
    • Perform salary surveys and analyze compensation data to maintain competitive external pay practices.
    • Assist in developing and maintaining pay structures, including calculating pay grades and salary ranges.
    • Collect and analyze pay data to produce detailed compensation reports.
    • Ensure compliance with Federal, State, and local regulations to prevent legal issues and assist others in doing the same.
    • Review and align recommended pay raises and incentives with the budget, and notify supervisors of any discrepancies.
    • Support and improve the performance evaluation process.
    • Advise on strategies for employee retention and severance packages.
    • Lead and support HR-related projects, managing the execution, communication, and delivery of key activities.
    • Track trends in labor costs and develop or revise the labor cost budget as needed annually.
    • Help develop strategies, policies, and documentation related to compensation programs to align with company values.
    • Actively participate in ongoing improvement efforts to optimize compensation processes.
    • Enhance knowledge of compensation practices through training and technical literature.
    • Perform other duties as required.

    Required Qualifications and Skills

    • Bachelor’s degree in business is required, with a preference for Human Resources.
    • Minimum of three years in Human Resources, including at least two years focused on compensation.
    • Skilled in Microsoft Office [2007 or newer], with advanced expertise in MS Excel.
    • Proven ability to manage projects effectively and meet deadlines consistently.
    • Strong verbal, non-verbal, negotiation, and written communication abilities.
    • High level of professionalism in interactions with both internal and external stakeholders.
    • Excellent problem-solving, analytical, and organizational skills.
    • Familiarity with short and long-term strategic development is preferred.