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Compensation Analyst

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Imprivata

3mo ago

  • Job
    Full-time
    Mid Level
  • People, HR & Administration
    Accounting & Tax
  • Waltham

AI generated summary

  • You need a relevant bachelor’s degree, 3+ years of compensation experience, advanced Excel skills, data analysis ability, and effective communication skills. Familiarity with Payscale is preferred.
  • You will analyze compensation data, administer pay programs, prepare reports, assist with job evaluations, manage HR systems, ensure compliance, and enhance employee communications.

Requirements

  • Bachelor’s degree in Business Administration, Human Resources, or related discipline.
  • 3+ years of previous compensation or related analytical experience.
  • Advanced level of Microsoft Excel skills with ability to manipulate and analyze data utilizing excel (vlookup functions, pivot tables, graphing)
  • Ability to write reports with various HRMS reporting writing tools
  • Skilled at taking large amounts of data and identifying the relevant information, making key insights, and turning it into presentable/understandable material for various audiences
  • Experience with Payscale or other market pricing programs
  • Experience creating and maintaining salary structures
  • Attention to detail and ability to manage programs and projects with minimal guidance.
  • Highly effective verbal and written communication skills.
  • Must be proficient with various computer applications, including Microsoft Office.
  • Must be self-motivated, flexible, energetic, ability to multi-task, and work in a fast-paced environment.
  • Must be able to communicate effectively with all levels within the organization.
  • Ability to work independently and collaboratively in a team environment.
  • Discretion and ability to deal appropriately with confidential data.

Responsibilities

  • Perform analytical studies in a variety of areas, such as internal and external equity, competitive pay practices, incentive compensation, and emerging trends. Identify trends, draw conclusions and recommend policy and/or program changes.
  • Administer and evaluate the company’s compensation programs, including base salary, bonus, and incentive plans.
  • Prepare detailed reports and presentations on compensation data, trends and recommendations.
  • Provide ad-hoc compensation and benchmarking analysis in partnership with business leaders, Employee Experience, and Talent Acquisition on compensation related matters such as offers, promotions, and internal transfers.
  • Process all documentation related to internal transfer and promotions.
  • Assist with maintaining job descriptions - perform job evaluations for new, existing, or re-defined jobs to determine internal equity, exemption status (FLSA), and eligibility for variable pay plans.
  • Assist in the administration of the annual compensation review cycle including managing timelines, auditing data, creating employee communications, etc.
  • Create and manage documents and tracking related to Imprivata’s annual and quarterly bonus programs.
  • Manage salary structure creation and maintenance.
  • Manage and maintain compensation data in HR information systems, ensuring data integrity and accuracy in compensation related databases.
  • Contribute company data to compensation surveys and analyze results of compensation surveys.
  • Assist in the development, documentation, and implementation of compensation policies and procedures.
  • Ensures company compliance with relevant laws and regulations.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations; completing research on matters of importance.
  • Work closely with other HR team members to continually enhance compensation related employee communications, training, recruiting, and other initiatives.
  • If applicable contribute to various orientation and training programs, department goals, and objectives.
  • Participate in applicable staff meetings and attend other meetings and seminars as needed.
  • Performs other related duties as required and assigned.
  • Other duties as assigned and required.

FAQs

Do we support remote work?

Yes, we support remote work but in a hybrid format.

What is the primary responsibility of the Compensation Analyst?

The primary responsibility of the Compensation Analyst is to support the development, implementation, and administration of Imprivata’s global compensation programs, including analyzing and designing compensation policies to ensure they are competitive and aligned with organizational goals.

What type of experience is required for this position?

This position requires 3+ years of previous compensation or related analytical experience.

What educational background is necessary for this role?

A Bachelor's degree in Business Administration, Human Resources, or a related discipline is required.

What software skills are essential for this position?

An advanced level of Microsoft Excel skills is essential, including the ability to manipulate and analyze data using functions like vlookup, pivot tables, and graphing. Proficiency with various computer applications, including Microsoft Office, is also required.

How is the performance of the Compensation Analyst assessed?

The performance is assessed based on the individual's ability to conduct market research, analyze compensation data, recommend policy changes, and contribute to the overall improvement of compensation programs.

What is the salary range for the Compensation Analyst position?

The salary range for this position is $104,800.00 to $114,800.00, inclusive of variable compensation such as bonuses and incentives.

Will the Compensation Analyst work independently or collaboratively?

The Compensation Analyst will work both independently and collaboratively in a team environment.

Is experience with market pricing programs necessary?

Yes, experience with Payscale or other market pricing programs is necessary.

What are the other responsibilities of the Compensation Analyst within the HR team?

Other responsibilities include updating job knowledge, enhancing compensation-related employee communications, participating in trainings, and performing additional duties as assigned.

Does Imprivata offer equal employment opportunities?

Yes, Imprivata provides equal employment opportunities regardless of race, religion, age, sex, national origin, disability status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

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Imprivata

Technology
Industry
501-1000
Employees

Mission & Purpose

Imprivata is the digital identity company for life- and mission-critical industries, redefining how organizations solve complex workflow, security, and compliance challenges with solutions that protect critical data and applications without workflow disruption. Its platform of interoperable identity, authentication, and access management solutions enables organizations in over 45 countries to fully manage and secure all enterprise and third-party digital identities by establishing trust between people, technology, and information.