Compensation Analyst

Compensation Analyst

Meketa Investment Group, Inc. | Westwood, MA, 02090, US
Job Type: Full TimeSalary Range:$80,000 – $110,000 Salary range estimated by Zippia

Posted 10 days ago

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Compensation Analyst or Lead or Business Partner Position Summary: The Compensation Analyst will develop compensation structure, process and reporting; lead compensation surveys and benchmarking; and ensure that Meketa is performing well in all areas of total compensation. This position is part of the HR team and will be knowledgeable in the areas of benefits, recruiting, employment, and performance management. This position reports to the Human Resources Director. Essential Responsibilities:
  • Prepares and maintains job descriptions for each position in the organization; ensures descriptions accurately reflect the work being performed by incumbents
  • Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range
  • Evaluates annual compensation cycles including merit, promotions, and bonuses
  • Benchmarks jobs against survey data and other market intelligence to establish competitive compensation ranges
  • Prepares and presents summary reports of job analysis and compensation analysis information
  • Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends
  • Conducts annual benchmarking process of job market and accurate alignment to maintain benchmark data integrity
  • Develop & deliver training on compensation philosophy, best practices, and annual processes
  • Work with managers to expand their compensation knowledge
  • Partners with Human Resources Team to provide compensation support throughout the hiring process and employment cycle
  • Maintains compensation policies and procedures, ensuring accuracy and consistency across the organization
  • Complies with audit and regulatory standards
  • Partner with a compensation consultant to develop, implement, and assess a compensation strategy
  • Special projects as needed (pay equity analysis, establish salary bands, develop variable pay)
  • Partners with Human Resources Team in all areas of Human Resources
Requirements and Qualifications:
  • Bachelor's degree or comparable combination of education and experience in Human Resources or related field
  • 2-4+ years experience as a compensation analyst
  • PHR® or SPHR, SHRM-CP or SHRM-SCP certification preferred
  • Compensation certification preferred
  • Knowledge of quantitative and qualitative research methods
  • Solid understanding of human resource laws, regulations, and standard methodologies
  • Excellent written and verbal communication
  • Excellent interpersonal and time management
  • Proficient with Microsoft Office Suite
  • Self-motivated with the ability to operate independently, work proactively, and achieve results without close supervision
  • Ability to work with critical information in a confidential manner
  • Problem solver who has analytical ability and good judgment
  • Well-organized focused and self-directed individual
  • Investment or Financial Services industry experience preferred
About Meketa Investment Group Meketa Investment Group is an employee-owned full service investment consulting and advisory firm. We work with some of the nation's largest and most sophisticated institutional investors including public and private plan sponsors. We have a staff of over 200 employees among our six U.S. office locations and London. Meketa recognizes that our workforce is a reflection of our company, and we operate in an inclusive environment that accepts and promotes diversity. We believe our employees can best serve our clients in an atmosphere where individuals are treated fairly, where professional growth is developed and encouraged, and where a healthy balance between work and home life is respected and preserved. To support employees, Meketa offers a competitive compensation structure, a wide range of benefits from core insurance benefits to time-based benefits, as well as flexible schedules and support for continuing education. Meketa is an Equal Employment Opportunity and Affirmative Action Employer. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact us.