OUR SERVICES: PAYROLL
Compensation and Benefits Analyst
What does a Compensation and Benefits Analyst do?
A Compensation and Benefits Analyst is responsible for evaluating and managing employee compensation and benefits programs within an organization. Their duties include conducting market research to determine competitive salary and benefits packages, analyzing data on employee demographics and performance, and making recommendations for compensation adjustments and benefit enhancements. Compensation and Benefits Analysts also design and administer employee incentive programs, ensure compliance with legal requirements, and communicate with employees regarding compensation and benefits policies. They are crucial in attracting and retaining talent while providing fair and competitive compensation practices.
Tier 1 |
. |
1 to 2 years of experience |
---|
Tier 2 |
. |
3 to 5 years of experience |
---|
Tier 3 |
. |
> 5 years of experience |
---|
ABOUT THE ROLE
Roles and Responsibilities
- Conducting market research to assess competitive salary and benefits packages.
- Analyzing employee demographics and performance data.
- Recommending adjustments to compensation and benefits programs.
- Designing and administering employee incentive programs.
- Ensuring compliance with legal requirements regarding compensation and benefits.
- Communicating with employees regarding compensation and benefits policies and programs.
Day-to-Day Duties
- Conducting market research on compensation trends.
- Analyzing employee data for compensation analysis.
- Recommending adjustments to compensation and benefits programs.
- Designing and implementing employee incentive programs.
- Communicating with employees regarding benefits policies.
SKILLS AND TOOLS
Tools
Education
Common Educational Backgrounds and Careers for this Role:
- Human Resources
- Business Administration
- Forensic Finance
- Accounting
- Management Studies
- Compensation Management
- Business Management
- Statistics
- Economics
- Labor Relations
CANDIDATES TESTS
Tests & Evaluations for Candidates
QuickBooks
QuickBooks Online (UK and US version) test to hire8/10
Bookkeepers, accountants, financial clerks, financial managers, business and clerical administrators.
GAAP
Use the Financial accounting (US GAAP) test to hire8/10
Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.
IFRS
Use the Financial accounting (IFRS) test to hire8/10
Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.