COMPENSATION ANALYST

JOB OVERVIEW

Sizanid Staffing is looking for a detail-oriented and analytical Compensation Analyst to support the development, administration, and analysis of employee compensation programs. The successful candidate will analyze salary data, conduct market benchmarking, support compensation reviews, maintain salary structures, and provide accurate compensation reports and insights to support HR and management decisions.

The role will work closely with the Compensation & Benefits Manager, HR, Finance, and other departments to ensure compensation information is accurate, competitive, consistent, and properly maintained.

JOB SUMMARY

The Compensation Analyst is responsible for collecting, analyzing, and interpreting compensation data to support Sizanid Staffing's compensation and reward programs. The role will assist with salary benchmarking, job evaluation, pay structure maintenance, compensation reviews, incentive analysis, and compensation reporting.

The position requires strong analytical and numerical skills, attention to detail, confidentiality, and the ability to translate compensation data into useful insights for management.

KEY RESPONSIBILITIES

1. Compensation Data Analysis

Collect, organize, and analyze employee compensation data.
Review salaries, allowances, bonuses, incentives, and other compensation elements.
Identify compensation trends, inconsistencies, and potential gaps.
Prepare compensation analysis for management review.
Maintain accurate compensation databases and records.

2. Salary Benchmarking

Conduct salary research using relevant market data and compensation surveys.
Compare Sizanid Staffing's compensation levels with applicable market benchmarks.
Analyze salary ranges across roles, departments, industries, and job levels.
Support recommendations for competitive salary structures.
Monitor changes in compensation trends and market conditions.

3. Compensation Reviews

Support annual and periodic salary review exercises.
Analyze proposed salary adjustments and their financial impact.
Prepare compensation review reports and recommendations.
Assist with promotion and internal transfer compensation analysis.
Ensure approved compensation changes are accurately recorded.

4. Job Evaluation & Salary Structures

Support job evaluation and classification processes.
Assist in assigning jobs to appropriate grades and salary bands.
Maintain salary ranges, pay grades, and compensation structures.
Analyze internal pay relationships and consistency.
Support reviews of job descriptions for compensation purposes.

5. Compensation Reporting

Prepare monthly, quarterly, and annual compensation reports.
Develop spreadsheets, dashboards, and analytical reports.
Track compensation costs and workforce trends.
Provide data for management and HR decision-making.
Ensure reports are accurate, timely, and clearly presented.

6. Benefits & Reward Analysis

Support analysis of employee benefits and reward programs.
Review benefits costs, participation, and utilization data.
Assist with analysis of bonus and incentive programs.
Evaluate the effectiveness and cost of compensation programs.
Provide data to support recommendations for program improvements.

7. Payroll & HR Data Support

Work with HR and Finance to verify compensation information used for payroll.
Review salary changes, allowances, deductions, bonuses, and other compensation data.
Investigate discrepancies in compensation-related records.
Support reconciliation of compensation data between HR and payroll systems.
Maintain accurate employee compensation information.

8. HRIS & Compensation Systems

Maintain accurate compensation information in HR systems.
Conduct regular data quality checks.
Support system updates relating to salaries, grades, benefits, and compensation changes.
Generate compensation reports from HRIS and other approved systems.
Support improvements to compensation data processes and systems.

9. Compensation Research

Research compensation trends and developments.
Monitor relevant industry and labor market data.
Review compensation practices within relevant sectors.
Assist with compensation surveys and benchmarking exercises.
Present relevant findings to the Compensation & Benefits Manager.

10. Employee Compensation Support

Assist with responding to employee compensation-related enquiries.
Provide accurate information within the scope of the role.
Prepare compensation information for approved employee reviews.
Escalate sensitive or complex compensation matters to the Compensation & Benefits Manager.
Maintain strict confidentiality when handling employee information.

11. Compliance & Data Governance

Maintain accurate and complete compensation records.
Support compliance with company compensation policies and applicable requirements.
Assist with compensation audits and reviews.
Ensure compensation data is handled securely and confidentially.
Identify and report potential data or compensation inconsistencies.

12. Process Improvement

Identify opportunities to improve compensation analysis and reporting processes.
Develop standardized templates and analytical tools.
Improve the efficiency and accuracy of compensation data management.
Support the implementation of compensation-related projects.
Contribute to continuous improvement of HR processes.

KEY PERFORMANCE INDICATORS (KPIs)

Compensation data accuracy
Salary benchmarking completion rate
Compensation report accuracy and timeliness
Salary review completion rate
HRIS compensation data accuracy
Compensation analysis turnaround time
Payroll compensation data accuracy
Job evaluation completion rate
Compensation data reconciliation accuracy
Benefits and reward analysis completion
Compensation audit findings
Employee compensation query resolution time
Data integrity and confidentiality
Completion of assigned compensation projects

QUALIFICATIONS

Bachelor's degree in Human Resource Management, Business Administration, Finance, Accounting, Economics, Statistics, Mathematics, or a related field.
Professional certification in HR, compensation, payroll, analytics, or a related discipline is an advantage.
2–4 years of experience in compensation, HR analytics, payroll, finance, or a related analytical role.
Experience with salary benchmarking or compensation analysis is preferred.
Experience using HRIS, payroll systems, or compensation databases is an advantage.

REQUIRED SKILLS & COMPETENCIES

Compensation analysis
Salary benchmarking
HR analytics
Data analysis
Excel and spreadsheet analysis
HRIS
Payroll data management
Job evaluation
Salary structure analysis
Compensation reporting
Statistical and numerical analysis
Data visualization
Attention to detail
Confidentiality
Problem-solving
Critical thinking
Research skills
Communication skills
Report writing
Organization and time management
Stakeholder management

CORE VALUES

Integrity
Confidentiality
Accuracy
Fairness
Professionalism
Accountability
Excellence
Transparency
Respect
Continuous Improvement

WORKING RELATIONSHIPS

Internal:

Compensation & Benefits Manager
Head of HR
HR Team
Finance Department
Payroll Team
Department Heads
Operations Department
Senior Management

External:

Compensation survey providers
Benefits providers
HR technology providers
Compensation consultants
Payroll service providers
Relevant professional and regulatory bodies

ROLE EXPECTATIONS

Maintain accurate and reliable compensation data.
Provide timely and meaningful compensation analysis.
Support competitive and consistent salary structures.
Conduct accurate salary benchmarking and market research.
Ensure compensation reports are complete, accurate, and submitted on time.
Maintain strict confidentiality of employee compensation information.
Identify compensation data inconsistencies and escalate issues appropriately.
Support the Compensation & Benefits Manager with compensation projects and reviews.
Collaborate effectively with HR, Finance, Payroll, and other departments.
Demonstrate strong analytical ability, attention to detail, professionalism, and accountability.