Compensation Analyst
2 weeks ago
At TRC Companies, Inc., we're a leader in combining science and technology to deliver innovative solutions for our clients. Our professionals work with a broad range of commercial, industrial, and government clients, and we're committed to delivering breakthrough solutions that address local needs.
Job SummaryWe're seeking a highly skilled Compensation Analyst to join our team. As a Compensation Analyst, you'll play a crucial role in designing, implementing, and managing our compensation programs to attract and retain top talent while maintaining competitiveness in the market.
Responsibilities- Analyze and evaluate current compensation structures, job classifications, and salary scales to ensure alignment with business goals.
- Conduct market surveys and benchmarking to ensure our compensation remains competitive in the industry.
- Participate in the development and maintenance of job evaluation and grading systems.
- Collaborate with HR and hiring managers to establish and review job classifications and salary levels.
- Design and recommend changes to compensation programs to ensure alignment with organizational objectives and industry best practices.
- Develop new incentive and bonus programs to motivate and reward high-performing employees.
- Collect and analyze compensation data to identify trends, issues, and areas for improvement.
- Prepare and present comprehensive reports to management, summarizing findings and providing recommendations.
- Stay current on relevant labor laws and regulations to ensure our compensation practices comply with legal requirements.
- Provide guidance on compliance matters related to compensation.
- Work closely with HR, Finance, and other departments to ensure seamless coordination and integration of compensation initiatives.
- Collaborate with talent acquisition teams to determine competitive salary offers for new hires.
- Communicate and educate employees on our compensation policies and practices.
- Address employee inquiries related to compensation matters.
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field with 3 to 7 years of experience.
- Proven experience, minimum of 3 years, as a Compensation Analyst or in a similar role.
- Strong analytical skills with proficiency in data analysis and market research.
- Knowledge of compensation best practices, trends, and applicable laws.
- Excellent communication and presentation skills.
- Familiar with US laws and regulations.
- Familiarity with compensation survey tools and methodologies.
- HR certification (e.g., Certified Compensation Professional - CCP) is a plus.
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