What does a Compensation Analyst Manager do?
Compensation analysts ensure that employee salaries are competitive and reasonable at a company. Through the analysis of income statements and balance sheets, they ensure that financial data is accurate, and they assess existing incumbent data to classify jobs from the position, title, level of responsibility, geological scope, and number of employees being supervised.
Compensation analysts summarize and offer possible alterations to an organization's payment and compensation structures and develop compensation structures that optimize hiring and maximize employee retention through analysis of remuneration packages and position responsibilities. As human resources experts in labor cost, compensation analysis and benefits package structures, they will sometimes predict future trends to steer the company in a positive direction with its benefits and salary packages. Compensation analysts also keep an eye on external salaries to calculate in-house pay grades, and they sometimes create and apply employee incentive plans to maintain and attract proper talent. Compensation analysts need a bachelor’s degree and relevant work experience.
Compensation Analyst Salaries
Average Base Pay
Compensation Analyst Manager Career Path
Learn how to become a Compensation Analyst Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.