Job DescriptionThe Opportunity:
The Compensation Analyst is a key member of the Compensation and Benefits team, responsible for supporting the administration, analysis, and maintenance of company's compensation programs. This position will report to the Director of Compensation. This role ensures the accurate application of commission, incentive, and bonus plans eligibility, maintains compensation-related systems and data, and provides analytic support for compensation planning and market benchmarking activities. The Compensation Analyst collaborates closely with the Human Resource, Payroll, and Finance teams to ensure the programs are administered consistently, accurately, and in alignment with the organization's objectives. This position plays an important role in supporting compensation process, reporting, data integrity, and employee reward programs.
About the Role:
Compensation Data Management - Maintain accurate compensation, job, and employee data within compensation systems and HR platforms (Oracle ("MyClickH"), PayScale, Varicent, & ADP Workforce Now).
- Monitor and update employee headcount changes, organizational updates, and compensation records.
- Perform regular audits and validations to ensure data integrity and compliance with compensation program requirements.
- Assist with the annual compensation planning cycle, including merit increases, promotional increases, and bonus planning activities.
- Generate recurring and ad hoc compensation reports, analyses, and dashboards for leadership and business stakeholders.
Compensation Analysis- Analyze compensation trends, salary structures, pay equity considerations, and market competitiveness.
- Support modeling activities related to compensation programs and prepared recommendations with supportive analysis for compensation related decisions.
Market Benchmarking & Surveys- Participate in compensation survey submissions and data collection activities.
- Maintain pay range data for positions against market sources.
- Assist in evaluating compensation competitiveness and identifying market trends.
Compliance & Process Improvement- Ensure compensation practices comply with applicable laws, regulations, and company policies.
- Document compensation processes and maintain procedural guidelines.
- Identify opportunities to improve compensation administration, reporting and system efficiency.
- Support special compensation projects and initiatives as assigned.
Compensation Program Administration- Administer and maintain compensation programs, including commission, incentive and bonus plans.
- Ensure compensation programs are applied accurately and consistently according to the established plan rules and company policies.
- Review and validate compensation calculations, earnings, and participant eligibility.
- Support resolution of compensation-related inquiries from managers, employees, Payroll and HR partners.
Supervisory Responsibility:
Budget Responsibility:
Decision Making Responsibility:
About You:
- 2-3 years of experience in compensation, human resources, payroll, or data analytics.
- Experience in supporting incentives, commissions, bonus, or compensation administration programs, preferred.
- Experience working with HRIS and compensation managements systems.
- Proficient in Microsoft Excel, including formulas, pivot tables, data analysis, and reporting.
- Exceptional attention to detail and commitment to data accuracy.
- Strong analytical and problem-solving abilities.
- High level of integrity and discretion when handling confidential employee information.
- Ability to work independently while also collaborating effectively across teams.
- Strong sense of accountability and ownership for responsibilities.
- Ability to prioritize multiple projects and meet deadlines in a fast-paced environment.
- Excellent time management and organizational skills.
- Regular in-person work at a Company-designated work location is an essential function of this position.
The salary range for this position is $75,000- $88,000. Actual rates are determined based on the job, location, and individual experience.
We are looking for a candidate that has a combination of the above attributes and can perform the key functions of the role with or without reasonable accommodations.
Hermès is proud to offer a variety of benefits to support the needs of our employees and their families, including:
- Commission and bonus incentives based on sales performance
- Medical, Dental, Vision
- Life Insurance and Disability
- Paid time off (annual vacation of 15 days, 11 company holidays, 3 floating holidays, 2 wellbeing days, and sick & safe time)
- Paid Parental leave and transition time
- 401(k) and Roth Retirement plan with company matching and profit sharing
- Various voluntary benefits such as flexible spending accounts, fitness reimbursement, voluntary life insurance
- Product discount and EAP resources
- Access to Calm App, Health Advocate, Family Building Support and more!
