Compensation Research Analyst Job Description

January 22, 2011 | By More

Compensation Research Analyst Job Profile and Description

More often than not, the compensation structure is what determines a company that is attractive to its job markets. A company can either be competitive with other companies in its industry or be above it.  Some may have low salaries for the same job but have excellent perks and benefits.  Airlines provide free air travel anywhere to its destinations which allows it to provide generally lower pay to its people.  This balance in the compensation mix vis-à-vis the competition is analyzed and evaluated by the Compensation Research Analyst working in the HR department.

Compensation Research Analyst Duties and Responsibilities

  • Conduct salary and benefit research using information obtained from other companies within or outside its industry.
  • Create compensating models for scenario simulation by decision makers in formulating the right compensation levels.
  • Consult with all levels of the organization to determine salary fit and employee satisfaction.
  • Recommend elements to be included in the compensation package of various positions to make them attractive in the job markets.
  • Conduct presentation of salary levels and compensation profiles of various companies for management appreciation.

Compensation Research Analyst Skills and Specifications

  • Excellent investigative and analytical skills to discern variances and trends
  • Strong organization and communication skills.
  • Excellent verbal and written communication skills
  • Has excellent computer proficiency in the use of word processing and spreadsheets

 

Compensation Research Analyst Education and Qualifications

  • A 4-year bachelor’s degree in any course is basic
  • 2 to 3 years experience as a compensation analyst or in any area of HR administration is an advantage
  • Has knowledge in HR systems like OracleHR, SAP/HR or Peoplesoft

Compensation Research Analyst Salary

The annual salary for non-managerial HR professionals in the salary research, compensation and benefits administration areas has a median of $54,000 in 2008.  The mid 50% earned between $42,000 and $67,000 with the lowest 10% earning $34,000 and the highest 10% at $84,000.  This depends on the experience and training of the individual along with company size, industry and state location.

Category: HR Job Descriptions

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