Skills & Competencies for Executive Compensation Analyst III

Executive Compensation Analyst III job profile

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JOB SUMMARY for Executive Compensation Analyst III

Evaluates and analyzes salary data for executives and top management.

JOB RESPONSIBILITIES for Executive Compensation Analyst III

Administers company executive compensation programs, annual and long-term incentive programs, and deferred compensation plans. Performs job matching and provides data to executive compensation surveys and reviews results. May participate in administration of performance appraisal programs for executives. Provides data and analysis utilized to make changes to the executive salary structure.

Executive Compensation Analyst III SALARY RANGE

BASE 50%
$112,945
TOTAL 50%
$121,006
Job Level
P03
Job Code
HR09200388
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Executive Compensation Analyst III Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Executive Compensation Analyst III skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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8 general skills or competencies (Job family competencies) for Executive Compensation Analyst III

1 Job Family Competencies – Benefit Programs
Proficiency Level -3
Skill definition-Designing, managing, assessing and implementing compensation plan to attract and retain talent.
Level 1 Behaviors
(General Familiarity)
Explains the importance and advantages of benefits program.
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Level 2 Behaviors
(Light Experience)
Participates in design and development of competitive benefit program.
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Level 3 Behaviors
(Moderate Experience)
Leads discussion on the cost constraints in offering benefits to employees.
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Level 4 Behaviors
(Extensive Experience)
Monitors benefit programs cost and recommends appropriate actions to mitigate cost.
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Level 5 Behaviors
(Mastery)
Develops HRIS to assist the analysis, evaluation and reporting of benefits.
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2 Job Family Competencies – Compensation Management
Proficiency Level -3
Skill definition-Managing and determining the salary, bonuses, and benefits to ensure competitive and appropriate compensation for employees.
Level 1 Behaviors
(General Familiarity)
Explains the importance of compensation management in retaining and alluring our employees.
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Level 2 Behaviors
(Light Experience)
Conducts compensation research to adapt and update best practices in compensation management.
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Level 3 Behaviors
(Moderate Experience)
Performs statistical analyses to support the implementation and management of compensation programs.
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Level 4 Behaviors
(Extensive Experience)
Manages our compensation program to assure an appropriate approach is established for compensation claims.
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Level 5 Behaviors
(Mastery)
Develops and maintains a framework for market-based salary ranges and compensation plan structure.
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3 Executive Compensation Analyst III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Executive Compensation Analyst III
Proficiency Level - 4
5 Competency for - Executive Compensation Analyst III
Proficiency Level - 5

8 soft skills or competencies (core competencies) for Executive Compensation Analyst III

1 Core Competencies – Budgeting
Proficiency Level -3
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Describes the procedures for capital and expense allocation and budgeting.
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Level 2 Behaviors
(Light Experience)
Gathers data from financial statements to help create budget plans and improve budgeting strategies.
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Level 3 Behaviors
(Moderate Experience)
Implements strategic operational efficiencies and techniques for conducting successful budgeting.
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Level 4 Behaviors
(Extensive Experience)
Evaluates past decisions on budgetary considerations to improve the budgeting process.
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Level 5 Behaviors
(Mastery)
Establishes operating procedures to guide the consistency and repeatability of our budgeting processes.
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2 Core Competencies – Project Management
Proficiency Level -2
Skill definition-Applying specific knowledge, skills, tools, and techniques to manage a project from initial conception to successful completion.
Level 1 Behaviors
(General Familiarity)
Identifies fundamental project management tools and methodologies.
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Level 2 Behaviors
(Light Experience)
Compares different project management methodologies and recommends appropriate approaches.
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Level 3 Behaviors
(Moderate Experience)
Documents the project's standard operating procedures and leads discussions on areas for optimization.
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Level 4 Behaviors
(Extensive Experience)
Documents justification for project abandonment before completion.
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Level 5 Behaviors
(Mastery)
Fosters a sense of shared purpose within the project team.
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3 Executive Compensation Analyst III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Executive Compensation Analyst III
Proficiency Level - 4
5 Competency for - Executive Compensation Analyst III
Proficiency Level - 5

Summary of Executive Compensation Analyst III skills and competencies

There are 0 hard skills for Executive Compensation Analyst III.
8 general skills for Executive Compensation Analyst III, Benefit Programs, Compensation Management, Executive Compensation, etc.
8 soft skills for Executive Compensation Analyst III, Budgeting, Project Management, Analytical Thinking, etc.
While the list totals 16 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Executive Compensation Analyst III, he or she needs to be skilled in Budgeting, be proficient in Project Management, and be skilled in Analytical Thinking.

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