Compensation Analyst Job Description Template (Free, 2026)

Job Title: Compensation Analyst [I / II / Senior] Department: Human Resources / Total Rewards Location: [City, State] / Remote / Hybrid Reports To: Director of Compensation / VP Total Rewards / HR Director Employment Type: Full-Time About [Company Name] [Company Name] is a [stage/size] company in [industry] with [X] employees across [locations]. Our Total Rewards team is responsible for designing and maintaining compensation programs that attract, retain, and motivate our workforce. We use [HRIS: Workday / SAP SuccessFactors / BambooHR — specify] and participate in [Mercer / Radford / WTW — specify] compensation surveys. About the Role We're looking for a Compensation Analyst to support the design, analysis, and administration of our compensation programs. You'll conduct market pricing, maintain job architecture, support pay equity reviews, and provide data-driven recommendations that guide compensation decisions across the organization. This role is central to ensuring our pay programs are competitive, equitable, and aligned with our total rewards philosophy. Key Responsibilities • Conduct job evaluations and market pricing for new and existing roles using [Mercer / Radford / WTW / Comptryx — specify] survey data • Maintain and update the company's job architecture, grade structures, and salary bands • Support annual compensation planning cycles: merit increases, bonus programs, and equity refresh processes • Perform pay equity analyses and prepare reports for HR leadership and legal teams • Build and maintain compensation models in [Excel / Workday / SAP SuccessFactors — specify] to support scenario planning and business case analysis • Partner with HR Business Partners and Talent Acquisition to provide pay recommendations for new hires and promotions within established ranges • Prepare compensation benchmarking reports and communicate findings to HR and business leadership • Participate in and submit data to external compensation surveys (Mercer, Radford, WTW, or equivalent) • Support the administration of bonus, commission, and incentive pay programs • Monitor external market trends, pay legislation, and pay transparency requirements across applicable jurisdictions Required Qualifications • 3+ years of compensation analysis, total rewards, or HR analytics experience • Proficiency with at least one market compensation survey tool (Mercer, Radford, Willis Towers Watson, Comptryx) • Advanced Excel skills: pivot tables, VLOOKUP/XLOOKUP, statistical functions, and scenario modeling • Experience with job evaluation methodologies and salary band design • Familiarity with pay equity analysis techniques and applicable legislation (EPA, state pay transparency laws) • Strong analytical and data storytelling skills; ability to translate complex data into clear recommendations • Bachelor's degree in Human Resources, Business, Finance, Statistics, or a related field Nice to Have • WorldatWork CCP (Certified Compensation Professional) certification • Experience with Workday or SAP SuccessFactors compensation modules • Knowledge of executive compensation, equity compensation, or sales incentive design • Experience with pay transparency compliance (Colorado, New York, California, Illinois) What We Offer • Salary: $65,000 – $115,000/year (see benchmarks below) • Health, dental, and vision insurance • Flexible PTO + [X] paid holidays • WorldatWork membership and CCP certification support • Annual professional development budget • Hybrid/remote flexibility • [Equity / 401(k) match — specify] Salary Range: $65,000 – $115,000/year (US, 2026 benchmark) [Company Name] is an equal opportunity employer committed to pay equity and inclusive hiring.