Compensation Analyst
Ascend Federal Credit Union, Murfreesboro, TN, United States
Compensation Analyst
As the Compensation Analyst, you will support the design, implementation, and administration of the Credit Union's compensation programs to ensure they remain competitive, equitable, and aligned with business goals. This role is responsible for maintaining accurate employee data, conducting compensation research and analysis, administering short-term compensation programs, and supporting related projects and initiatives. The Compensation Analyst evaluates jobs, maintains job descriptions and job architecture, participates in compensation surveys, and analyzes market data, pay equity, and compensation trends. Professionalism, accuracy, and confidentiality are essential in all aspects of this role.
As a Compensation Analyst, you will:
Support the full lifecycle of job descriptions, from initial creation to regular maintenance and updates. Ensures all descriptions accurately reflect job duties and meet compliance requirements for federal, state, and local employment laws, including the Fair Labor Standards Act (FLSA).
Conduct job evaluations, market benchmarking, and salary surveys to ensure competitive compensation packages.
Utilize market data and internal pay comparisons to provide compensation recommendations for new positions, internal moves, and market reviews.
Contributes to the development, and manages the administration of salary structures, incentive plans, and equity programs.
Assist with the annual merit, promotion, and bonus planning process.
Provide general reporting support to People and Experience cross functional teams, as needed.
Collaborate with Payroll to ensure accurate compensation and cost data in HRIS system.
Monitor trends and provide recommendations for continuous improvement.
Support audits and reporting requirements related to compensation and Total Rewards.
Read all internal publications, including HUB and Possibilities.
Perform other duties as assigned or required.
Please note: This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the position. The organization reserves the right to modify, add, or remove duties at any time, with or without notice, to meet business needs.
To succeed in this role, you will need:
Bachelor's Degree Human Resources, Business Administration, Finance, or a related field is required
Certified Compensation Professional (CAP) or progress toward certification a plus
3-5 years of professional work experience preferably in Total Rewards, HR Analytics, or Finance, preferably within a credit union is required and
Demonstrated experience with understanding of general compensation practices including job evaluation and market pricing is required and
Knowledge of federal and state compensation-related laws and pay equity practices is preferred
Knowledge, Skills, and Abilities:
Familiarity with compensation programs in regulated industries or financial services environments.
Maintain discretion when handling sensitive employee and compensation data.
Self-starter with an ability to work independently.
Detail oriented individual with the capability of handling multiple projects at any given time.
Strong to advanced MS Office Excel skills.
Strong communication skills and ability to work collaboratively across departments.
Regular, reliable attendance required.
As the Compensation Analyst, you will support the design, implementation, and administration of the Credit Union's compensation programs to ensure they remain competitive, equitable, and aligned with business goals. This role is responsible for maintaining accurate employee data, conducting compensation research and analysis, administering short-term compensation programs, and supporting related projects and initiatives. The Compensation Analyst evaluates jobs, maintains job descriptions and job architecture, participates in compensation surveys, and analyzes market data, pay equity, and compensation trends. Professionalism, accuracy, and confidentiality are essential in all aspects of this role.
As a Compensation Analyst, you will:
Support the full lifecycle of job descriptions, from initial creation to regular maintenance and updates. Ensures all descriptions accurately reflect job duties and meet compliance requirements for federal, state, and local employment laws, including the Fair Labor Standards Act (FLSA).
Conduct job evaluations, market benchmarking, and salary surveys to ensure competitive compensation packages.
Utilize market data and internal pay comparisons to provide compensation recommendations for new positions, internal moves, and market reviews.
Contributes to the development, and manages the administration of salary structures, incentive plans, and equity programs.
Assist with the annual merit, promotion, and bonus planning process.
Provide general reporting support to People and Experience cross functional teams, as needed.
Collaborate with Payroll to ensure accurate compensation and cost data in HRIS system.
Monitor trends and provide recommendations for continuous improvement.
Support audits and reporting requirements related to compensation and Total Rewards.
Read all internal publications, including HUB and Possibilities.
Perform other duties as assigned or required.
Please note: This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the position. The organization reserves the right to modify, add, or remove duties at any time, with or without notice, to meet business needs.
To succeed in this role, you will need:
Bachelor's Degree Human Resources, Business Administration, Finance, or a related field is required
Certified Compensation Professional (CAP) or progress toward certification a plus
3-5 years of professional work experience preferably in Total Rewards, HR Analytics, or Finance, preferably within a credit union is required and
Demonstrated experience with understanding of general compensation practices including job evaluation and market pricing is required and
Knowledge of federal and state compensation-related laws and pay equity practices is preferred
Knowledge, Skills, and Abilities:
Familiarity with compensation programs in regulated industries or financial services environments.
Maintain discretion when handling sensitive employee and compensation data.
Self-starter with an ability to work independently.
Detail oriented individual with the capability of handling multiple projects at any given time.
Strong to advanced MS Office Excel skills.
Strong communication skills and ability to work collaboratively across departments.
Regular, reliable attendance required.