Compensation Analyst

The Colonial Williamsburg Foundation

$70K — $105K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in HR, Business, Finance, Analytics, or related field preferred.
  • Minimum two years of experience in compensation, HR analytics, or related analytical role.
  • Strong analytical and quantitative skills for data interpretation.
  • Advanced Excel skills including formulas and data analysis.
  • Experience with Workday Advanced Compensation preferred.

Responsibilities

  • Administer and execute compensation programs in collaboration with the compensation manager.
  • Support Workday Advanced Compensation implementation and optimization with the HRIS team.
  • Serve as a resource for compensation data, reporting, and analysis.
  • Conduct market pricing and benchmarking analyses to support compensation recommendations.
  • Analyze compensation data for trends related to internal and pay equity.

Benefits

  • Opportunity for professional development and career growth.
  • Collaborative work environment with a focus on data-driven decisions.
  • Involvement in wide-ranging compensation strategies and initiatives.
Full Job Description
Main Duties

Responsibilities include but are not limited to:
  • Partner closely with the compensation manager to administer and execute compensation programs, including annual merit, bonus, incentive, promotion, and market adjustment processes.
  • Support the implementation, administration, and ongoing optimization of Workday Advanced Compensation, working closely with the Compensation Manager and HRIS team on requirements, testing, data validation, troubleshooting, and compensation cycle execution.
  • Serve as a key day-to-day resource for compensation data, reporting, analysis, and operational activities.
  • Partner with the Compensation Manager and HRIS team to ensure accurate Workday configuration, data integrity, and successful execution of compensation processes.
  • Conduct market pricing and benchmarking analyses and provide findings to the Compensation Manager to support compensation recommendations.
  • Prepare compensation analyses and recommendations related to new hires, promotions, internal transfers, retention, and other employee compensation actions for review by the Compensation Manager.
  • Analyze compensation data to identify trends, inconsistencies, and opportunities related to internal equity, pay equity, and market competitiveness.
  • Maintain and analyze salary structures, job levels, salary ranges, and other compensation-related data under the direction of the Compensation Manager.
  • Develop recurring and ad hoc compensation reports, dashboards, and analyses for the compensation team, HR, and business leadership.
  • Support annual compensation planning activities, including data preparation, manager communications, reporting, auditing, and post-cycle analysis.
  • Partner with HR business partners, talent acquisition, finance, and HRIS to support compensation decisions and ensure consistent application of compensation practices.
  • Assist with compensation surveys, market data submissions, and analysis of external benchmarking data.
  • Identify and recommend opportunities to streamline and improve compensation processes, systems, reporting, and the manager/employee experience.
  • Maintain accurate compensation documentation, processes, and procedures.
  • Handle highly confidential employee and compensation information with discretion and professionalism.
  • Support with compensation projects, Workday enhancements, and other initiatives as the organization's compensation programs evolve.

This job description reflects the general responsibilities of the position and is not intended to be an exhaustive list. Duties and responsibilities may evolve over time based on operational needs.

Required Education and Experience
  • Bachelor's degree in Human Resources, Business, Finance, Analytics, or a related field preferred.
  • Minimum two years of experience in compensation, HR analytics, HRIS, or a related analytical role.
  • Working knowledge of compensation principles, including salary structures, market benchmarking, pay equity, and compensation planning.
  • Strong analytical and quantitative skills with the ability to interpret complex data and provide actionable insights.
  • Advanced Excel skills, including experience with formulas, pivot tables, lookups, and data analysis.
  • Experience with Workday Advanced Compensation strongly preferred.
  • Experience working with HRIS systems and large employee datasets.
  • Strong attention to detail and commitment to data accuracy.
  • Excellent organizational and project management skills with the ability to manage multiple priorities and deadlines.
  • Strong written and verbal communication skills, with the ability to clearly explain compensation concepts and analysis to non-technical audiences.
  • Ability to work collaboratively and effectively as part of a centralized Compensation function.
  • Ability to handle highly confidential employee and compensation information with discretion.

Physical and Environmental Demands

Physical Activity

Frequency

Stand

Occasionally

Walk

Occasionally

Sit

Constantly

Use hands/fingers

Constantly

Climb or balance

Rarely

Stoop/kneel/crouch/crawl

Rarely

Reach with hands/arms

Occasionally

Talk or hear

Constantly

Lifting up to 10 lbs.

Occasionally

Lifting up to 25 lbs.

Rarely

Lifting up to 50 lbs. (with assistance)

Rarely

Lifting up to 100 lbs. (with assistance)

Rarely

More than 100 lbs. (with assistance)

Rarely

Wet/humid conditions

Rarely

Work near moving mechanical parts

Rarely

Fumes/airborne particles

Rarely

Extreme cold

Rarely

Extreme heat

Rarely

Risk of electrical shock

Rarely

Driving requirement

No

Compensation Disclaimer: The compensation listed below for this position represents the anticipated hiring range and is provided in accordance with Virginia pay transparency requirements. Actual compensation will be determined based on factors such as the selected candidate's skills, qualifications, experience, education, certifications, internal equity, and the specific requirements of the role.

Range: $70,000 - $105,000/year

Similar Jobs

More Jobs at The Colonial Williamsburg Foundation

More Business Services Jobs

Find similar Compensation Analyst jobs: