What Is a Compensation Analyst?
Compensation analysts are experts in labor and compensation structures. They are an organization’s key researcher for all things remuneration. They inform, via their research, what to pay each position, how often to give raises, what competitors are offering in their compensation packages, and more.
They are typically analytically minded with an interest in finance, research, and organizational logistics.
Compensation analysts sit within the HR team of an organization and have a strong working knowledge of the human resources structure. They are knowledgeable of best HR practices and well-versed on the financials of a business. They are data-minded with a compassion for people, allowing them to prioritize both the financial health and goals of a business, alongside an understanding of what the people in their organization need.