Compensation Analyst 

Wilmington, Delaware HQ or any CSC Office location

Hybrid Work Schedule

Monday-Friday, 8am-5pm

 

Position Overview:

The Compensation Analyst plays a crucial role in managing and analyzing the organization's compensation programs. This individual will be responsible for gathering, analyzing, and interpreting compensation data to ensure competitive, equitable, and cost-effective pay structures. The Compensation Analyst will collaborate with HR, finance, and other departments to implement compensation policies, conduct market salary surveys, and maintain compensation data. The role is essential for ensuring that the organization’s compensation practices align with its strategic goals and industry standards.

Key Responsibilities: 

 

Compensation Analysis: Analyze internal and external compensation data to ensure that the organization’s salary structures are competitive and aligned with market standards. Assist in the development and implementation of compensation plans, including base salary, bonuses, commissions, and incentives. Monitor and evaluate job descriptions and classifications, ensuring accurate job evaluations and alignment with compensation standards. Salary Benchmarking: Conduct regular market salary surveys and benchmarking to assess the organization’s competitive standing in relation to industry pay trends. Provide recommendations based on analysis to maintain or adjust compensation levels. Compensation Programs: Support the development and administration of compensation programs, such as merit increases, variable pay plans, and retention bonuses. Provide data and recommendations for annual compensation review processes. Compliance & Reporting: Ensure compliance with local, state, and federal regulations related to compensation, including equal pay and wage/hour laws. Prepare and maintain reports on compensation data, trends, and budgets for management review. Data Management & Documentation: Maintain accurate and up-to-date compensation records and databases. Develop and manage compensation-related documentation, including policies, procedures, and guidelines. Employee Communication & Support: Advise HR staff and management on compensation-related issues, including offer letters, salary negotiations, and equity adjustments. Support employees in understanding compensation plans and policies. Process Improvement: Continuously assess the effectiveness of compensation processes and systems, recommending improvements where necessary. Work with HR systems to ensure the accuracy of data entry and compensation-related processes.

Qualifications: 

Education: Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field. Certification in Compensation (e.g., Certified Compensation Professional - CCP) is a plus. Experience: 2+ years of experience in compensation analysis, HR, or a related field. Strong knowledge of compensation programs, market data analysis, and salary benchmarking. Skills: Strong analytical and quantitative skills with a keen eye for detail. Proficient in Excel (advanced functions) and HRIS systems. Excellent communication and presentation skills. Knowledge of compensation laws, regulations, and best practices. Ability to manage multiple tasks, prioritize, and meet deadlines in a fast-paced environment.

 

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