Compensation Analyst

Compensation Analyst Job Description

The compensation analyst is responsible for analyzing, developing, and administering compensation programs and policies to ensure internal equity and external competitiveness. This role requires a strong analytical mindset, attention to detail, and a deep understanding of compensation principles and Canadian employment law. Compensation analysts collaborate with HR and finance teams to provide data-driven recommendations to support the company's compensation strategy.

Typical compensation analyst duties:

Conduct job evaluations and analysis to determine appropriate salary ranges and job classifications.

Research and analyze salary data from market surveys to establish competitive compensation benchmarks.

Develop and maintain compensation structures, including base pay, incentives, and bonus plans.

Ensure compliance with all federal, provincial, and territorial compensation and wage regulations.

Assist with salary planning and budgeting processes.

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Microsoft Excel

Workday

Spreadsheets

PeopleSoft Application

SAP S/4HANA

Worker's Compensation

Salary Structures

Benefit Functions

Human Resources (HR) Administration

Compensation Administration

Salary for Compensation Analyst

85000 - 103250

25th percentile

85000

New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties

50th percentile

92500

Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role

75th percentile

103250

Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Human Resources (HR) Benefits Specialist

70500

79250

86750

Newest Compensation Analyst jobs

Intermediate Quality Assurance Analyst

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