Sample Job Description for Senior Compensation Analyst
Job Description Management
A sample job description outlines the essential duties, responsibilities, and requirements of a specific role within an organization. It provides a clear and concise summary of what the job entails, the expectations for the position, the qualifications, and skills and competencies required to perform the job successfully.
An accurate, well-written job description example can attract qualified candidates and ensure that both the employer and employee have a clear understanding of the role. It can also serve as a basis for performance evaluations and career development plans.
Additionally, sample job descriptions are helpful in other areas of HR, such as to determine pay structure, create a sound job architecture, and ensure legal compliance with labor laws and regulations.
Matching the right person with the right background and skills to the appropriate role is critical to the success of any organization and it starts with an accurate job description.
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Senior Compensation Analyst Job Overview
Senior Compensation Analyst Job Description Sample
Analyzes, designs, and administers employer compensation programs, including base pay, long and short-term incentives, spot bonuses, commissions, and stock that align with company objectives for recruiting, retention, and employee engagement.
JOB LEVEL
P03
EDUCATION/DEGREE
Bachelor's Degree
REPORTS TO
Manager or Head of a Unit/Department
Salary Range
BASE 50%
$104,390
TOTAL 50%
$108,890
Job Responsibilities for Senior Compensation Analyst
Designs and communicates pay structures, grades, compensation budgets, and guidelines. Advises managers on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines. Evaluates jobs and develops and maintains job descriptions and job architecture. Participates in compensation surveys, conducts research and analysis on market competitiveness, pay equity, and compensation trends.
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| 4 | Top Compensation Officer | The Top Compensation Officer oversees the collection of wage, salary, and incentive survey data to ensure the organization's compensation programs/objectives are competitive in the current marketplace. Plans and directs compensation policies, objectives, and initiatives. Being a Top Compensation Officer plans and administers long and short term equity programs and executive programs that drive company performance. Responsible for the design, development, and administration of all compensation programs used to attract and retain employees. In addition, Top Compensation Officer ensures compensation programs remain within budgetary constraints. Directs communications to employees that is clear and reinforces the value of the compensation programs. Keeps abreast of regulatory, market, and practice changes and trends. Requires a bachelor's degree. Typically reports to top management. May require CCP. The Top Compensation Officer manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Working as a Top Compensation Officer typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. |
| 5 | Manager Global Compensation | The Manager Global Compensation manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, and associated analysis. Leads the development, implementation, and administration of compensation programs, policies, and procedures. Being a Manager Global Compensation requires a bachelor's degree. Ensures that base pay, incentive pay and performance management programs remain competitive and conform to current compensation strategy. In addition, Manager Global Compensation typically reports to head of a unit/department. The Manager Global Compensation manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as a Manager Global Compensation typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. |
Senior Compensation Analyst Skills & Proficiency Level
| Skills | Proficiency Level |
|---|---|
| Budgeting | Level 3 |
| Analytical Thinking | Level 3 |
| Attention to Detail | Level 4 |
