Compensation Analyst supporting the analysis and administration of Hydro’s compensation programs. Collaborating with HR and business leaders to ensure equitable compensation practices.
Responsibilities
Conduct job evaluations using Mercer’s International Position Evaluation (IPE) methodology to ensure role alignment and internal equity
Collaborate with HR and business leaders on pay initiatives and changes including promotions, transfers, and other compensation actions.
Administer and support the annual merit and short-term incentive review process, ensuring accuracy and timely execution
Lead and contribute to strategic compensation projects that enhance program effectiveness and employee engagement
Manage and update compensation records, reports, and documentation to support compliance and decision-making
Submit and interpret data for salary surveys and benchmarking studies to inform market competitiveness
Assess pay equity trends and recommend data-driven solutions to promote fairness and transparency
Ensure compliance with federal, state, and local compensation regulations through ongoing monitoring and analysis
Collaborate with HR and business managers to maintain and enhance job descriptions that reflect evolving responsibilities
Perform FLSA testing and support broader compensation compliance initiatives
Develop and deliver compensation training materials for HR partners, people managers, and employees
Partner with team members to review compensation policies and practices, offering insights and recommendations for continuous improvement
Requirements
Bachelors degree in Human Resources, Business Administration, or related field (or equivalent experience)
1–3 years of experience as a Compensation Analyst
Experience within manufacturing a plus
Certification in SHRM-CP, SHRM-SCP, PHR, SPHR, or CCP preferred.
Proficient in Microsoft Word, Excel, PowerPoint, and HRIS systems
Experience with SAP SuccessFactors, UKG, and Mercer WIN systems preferred
Proven analytical and presentation skills supporting compensation initiatives
Functional knowledge of compensation methodologies and pay structures
Strong aptitude in data analysis and research methods
Solid understanding of HR systems, job architecture, and salary structures
Benefits
Medical, Rx, Dental, Disability, Life Insurance
Flexible Spending Accounts
Retirement Savings Plans with Company Match/Contributions
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