Compensation Analyst

Equitable - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

At Equitable, our power is in our people. We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential? As part of the Corporate Compensation team, the Compensation Analyst will play a vital role in ensuring that our organization's compensation packages are competitive, fair, and aligned with business objectives. You will analyze market data, evaluate internal equity, and provide insights to support informed decision-making regarding employee compensation. This position offers an opportunity to contribute to the development and implementation of compensation strategies that attract, retain, and motivate top talent.

Responsibilities

• Conduct comprehensive research on compensation trends and benchmarks in relevant industries and geographic areas.
• Utilize market data to evaluate the competitiveness of our compensation packages.
• Manage data and data submissions for compensation surveys.
• Assist in the development and implementation of compensation programs, including base pay structures, variable pay plans, and incentive programs.
• Collaborate with HR and leadership to ensure alignment with organizational goals and budgetary constraints.
• Support Year-End Compensation Planning.
• Analyze internal and external data to identify trends, benchmarks, and best practices.
• Present findings and insights to stakeholders.
• Stay current with federal, state, and local regulations governing compensation practices.
• Ensure compliance with laws such as the Fair Labor Standards Act (FLSA) and Equal Pay Act.
• Provide guidance and support to HR Business Partners and managers regarding compensation-related inquiries, issues, and decisions.
• Educate employees on compensation policies and practices.
• Identify opportunities to streamline compensation processes, enhance data accuracy, and improve overall efficiency.
• Implement best practices to optimize the compensation function.
• Prepare materials to evaluate the complexity, scope, and impact of various roles within the organization to establish appropriate job classifications and salary ranges.

Requirements

• 5+ years of experience in compensation analysis or a related role.
• Strong analytical skills with proficiency in Excel or similar tools for data analysis.
• Knowledge of compensation principles, practices, and regulations.

Nice-to-haves

• Bachelor's degree in Human Resources, Business Administration, Finance, or related field.
• Familiarity with HRIS systems and compensation software is a plus.
• Excellent communication skills, both verbal and written.
• Detail-oriented with a high level of accuracy and confidentiality.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• 401(k) plan
• Paid time off