Senior Compensation Analyst

$100,000 - $164,000/Yr

Forrester And Company

Full-time - Mid Level

Merchant Wholesalers, Nondurable Goods

About the position

The Senior Compensation Analyst at Forrester will play a pivotal role in executing the company's global compensation strategy and ensuring that compensation processes align with business needs. This position requires a deep understanding of the end-to-end compensation process, along with the ability to tailor these processes to meet specific organizational requirements. The ideal candidate will possess a blend of tactical expertise, strong relationship-building skills, and a passion for simplifying complex compensation structures. In this role, the Senior Compensation Analyst will be responsible for developing and maintaining a comprehensive job architecture framework that aligns with business objectives and industry best practices. This includes leading the design and creation of new job levels, roles, and job descriptions based on organizational needs and market trends. The analyst will collaborate with cross-functional teams to create communication materials and implement job architecture initiatives, ensuring alignment with overall HR and business strategies. Additionally, the analyst will lead the company's annual compensation planning cycle, which encompasses base salary, bonuses, and equity compensation. This involves working closely with key stakeholders to ensure successful implementation and alignment with company goals. The role also includes serving as a key contributor in the sales compensation review process, evaluating job levels, pay mix, and payout curves, while partnering with sales leadership and finance operations to create a performance-driven sales incentive plan. The Senior Compensation Analyst will ensure the accurate and timely delivery of compensation programs, enhancing employee satisfaction and retention. This includes conducting benchmarking analysis to develop job families and pay targets, reviewing and auditing compensation practices for consistency and compliance, and performing data insights and analysis to support compensation-related activities. The analyst will also monitor changes in legislation that impact compensation practices, particularly regarding pay transparency, and will serve as the primary contact for equity-related matters. Finally, the analyst will develop and deliver educational materials related to compensation to support global employee understanding and engagement, while building trust and relationships within the broader HR function and business stakeholders.

Responsibilities

• Develop and maintain a comprehensive job architecture framework aligned with business objectives and industry best practices.
• Lead the design and creation of new job levels, roles, and job descriptions based on organizational needs and market trends.
• Collaborate with cross-functional teams to develop communication materials and implement job architecture initiatives.
• Lead and execute the company's annual compensation planning cycle (base, bonus, and equity).
• Serve as a key contributor in the sales compensation review process, evaluating job levels, pay mix, payout curves, etc.
• Partner with sales leadership, sales operations, and finance operations to create, model, and communicate a performance-driven sales incentive plan.
• Ensure accurate and timely delivery of compensation programs and initiatives, enhancing employee satisfaction and retention.
• Conduct benchmarking analysis to develop job families and pay targets to align with job architecture.
• Review and audit compensation practices to ensure consistency, compliance, and competitiveness.
• Perform data insights and analysis to support compensation-related activities, including budgeting and cost modeling.
• Continuously seek process improvements and think creatively to minimize data issues and manual work.
• Review, monitor, and respond to changes in legislation that impact compensation practices, particularly pay transparency.
• Serve as primary compensation contact for equity-related matters.
• Review and provide guidance on Workday business processes such as job changes and compensation changes.
• Develop and deliver educational and communication materials related to compensation.
• Partner with finance, accounting, legal, and tax departments to ensure regulatory and legal compliance of employee compensation practices.

Requirements

• Eight-plus years of experience in compensation, with a proven track record of success.
• Proficiency in Workday or similar HRIS systems for compensation data management and analysis.
• Advanced Excel skills, with the ability to analyze complex datasets and generate actionable insights.
• Strong attention to detail and analytical skills, ensuring accuracy in all aspects of the role.
• Excellent problem-solving and research skills, with the ability to provide innovative compensation solutions.
• Exceptional communication, interpersonal, and partnership abilities, capable of working effectively with diverse teams.
• Strong organizational skills, with the ability to manage multiple projects simultaneously.
• Knowledge of global compensation trends, best practices, regulations, and compliance.
• Self-motivated with the ability to take initiative with minimal supervision.
• Ability to handle sensitive and confidential information with integrity and professionalism.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• 401(k) plan
• 401(k) matching
• Paid holidays
• Paid time off (PTO)
• Flexible scheduling
• Professional development opportunities
• Tuition reimbursement
• Employee discount programs