Compensation Analyst

$104,000 - $114,400/Yr

Aleron - Phoenix, AZ

Full-time

Phoenix, AZ

Specialty Trade Contractors

About the position

The Compensation Analyst will be responsible for developing and managing compensation programs that align with business objectives and attract top talent. This role involves conducting market research, analyzing compensation data, and collaborating with HR and management to ensure competitive and equitable compensation strategies.

Responsibilities

• Consults with HR partners and recruiters regarding compensation policy interpretation, new hire offers, promotions, market analysis, job evaluation, and other compensation projects and initiatives.
• Designs & administers compensation programs globally, including the annual merit review and incentive programs.
• Conducts salary analyses, leveraging Payfactors or a similar data repository tool.
• Evaluates jobs and supports job architecture maintenance.
• Oversees periodic audits to ensure compliance with local labor laws and company policies.
• Identifies, develops, and documents procedures to streamline compensation processes and ensure compliance with regulatory requirements.
• Prepares compensation-related communications and training materials related to the total reward philosophy.
• Accurately analyzes and prioritizes details while consistently producing error-free work.
• Acts in a safe manner and ensures that those around them do not put themselves or others at risk.
• Partners with HRIS on developing and generating reports; gathers necessary data to conduct complex modeling and manipulate large data sets.
• Converts data outcomes into accurate and summarized insights for executive presentations.
• Monitors the effectiveness of existing internal compensation policies, guidelines, and procedures recommending revisions that maintain competitiveness and fiscal responsibility.

Requirements

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
• Minimum 5 years of experience in compensation analysis in a manufacturing or technology environment.
• Strong analytical skills with a proficiency in data analysis and compensation benchmarking.
• Familiarity with HRIS systems and compensation management software.
• Excellent communication and interpersonal skills, with the ability to work collaboratively across departments.
• Strong attention to detail and the ability to manage multiple projects simultaneously.
• Knowledge of compensation laws and regulations.
• Working knowledge of high-tech surveys such as Aon Radford.
• Use of Microsoft Office Suite; must have intermediate to advanced knowledge of Excel.

Nice-to-haves

• Certification in Compensation (e.g., CCP, GRP) is a plus.
• Experience in the semiconductor or technology industry is highly desirable.

Benefits

• Pay rate: $50-$55/hr
• Contract duration: 3+ month contract