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Senior Compensation Analyst
Career Insights for Compensation / Benefits Analyst
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Scorecard
Based on California data
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What they do
A Compensation or Benefits Analyst evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
$88,848 / year median in California
-2% projected decline
Job Description
- Lead market benchmarking and compensation analysis using external survey data (e.g., Mercer, Radford, WTW) to maintain competitive salary structures.
- Partner with HR Business Partners and Talent Acquisition to provide expert compensation guidance on offers, promotions, and internal movement decisions.
- Support the end-to-end annual compensation cycle, including merit, bonus, and equity planning, owning data preparation, modeling, and complex analytics.
- Conduct regular pay equity, compression, and internal alignment analyses to support fair and consistent pay practices across the organization.
- Maintain and enhance job architecture, leveling, and titling frameworks to ensure clarity and scalability as the company grows.
- Develop compensation dashboards, analytics, and executive summaries that translate raw data into actionable business insights for leadership.
- Participate in the design, implementation, and communication of compensation policies, tools, and programs to drive employee engagement and retention.
- Stay current on global market trends, legal requirements, and best practices in compensation management. Qualifications
- Bachelor's degree in Human Resources, Business, Finance, Economics, or a related field.
- 5+ years of progressive experience in compensation analysis, preferably in a global, fast-paced environment.
- Expertise in Excel skills (modeling, VLOOKUP, Index/Match) and proficiency with Workday and analytics tools like Power BI or Tableau.
- Proven ability to translate complex data sets into clear and actionable recommendations.
- Strong understanding of market pricing, job evaluation, and pay structure design.
- Excellent consulting and communication skills with the ability to influence HR and business stakeholders.
- High attention to detail, integrity, and strict confidentiality when handling sensitive data.
- CCP (Certified Compensation Professional) certification or progress toward it is a plus.