Compensation Analyst

Website Tricon Residential

Job Description

The Compensation Analyst plays a crucial role in ensuring equitable and competitive compensation practices within the Company, and is responsible for analyzing and evaluating compensation data, developing and implementing salary structures, conducting market research, and collaborating with key stakeholders to ensure our compensation programs attract and retain top talent in both the US and Canada.

Essential Duties and Responsibilities include the following but are not limited to the job specifications contained herein.  Additional duties or job functions that can be performed safely may be required as deemed necessary by supervisory personnel.

  • Use specialized training, experience, and knowledge in the field of compensation management to help create policies and procedures for the function, incorporating industry best practices where applicable in support of the Company’s Compensation Philosophy.
  • Exercise discretion and independent judgement to evaluate how compensation policies can best be improved over time to address novel situations impacting the function after various possibilities have been considered.
  • Conduct comprehensive analysis of compensation data to ensure internal equity and market competitiveness.
  • Help develop and then maintain salary structures, ensuring alignment with organizational goals and industry standards.
  • Participate in salary surveys and benchmarking studies to evaluate our position relative to the external market.
  • Prepare reports, presentations, and other analyses to communicate compensation trends and recommendations to HR and Company leadership.
  • Collaborate with HR Business Partners and hiring managers to determine appropriate salary ranges for new hires and promotions, and provide guidance and support to HR team members and managers on compensation-related inquiries and issues.
  • Assist in the design and administration of variable pay programs, including incentive design.
  • Conduct job evaluations and provide recommendations on job classifications and salary grades.
  • Stay up to date on federal, state, and local regulations related to compensation to ensure compliance.
  • Support compensation-related projects such as annual salary reviews and incentive plan redesigns.
  • Develop expertise in the Company’s Human Capital Management system (Workday) and recommend ways to use the system to provide compensation information and insights to the HR team and managers across the organization.

Qualifications:

  • Proven experience in compensation analysis, salary structure design, and market research.
  • Strong analytical skills with the ability to interpret complex data sets and make data-driven recommendations.
  • Proficiency in compensation survey methodologies and statistical analysis.
  • Strong attention to detail and accuracy in data analysis and reporting.
  • Excellent communication and presentation skills, with the ability to effectively communicate complex compensation concepts to diverse audiences.
  • Ability to work collaboratively in a team environment and build effective relationships with stakeholders at all levels of the organization.
  • Knowledge of federal, state, and local employment laws and regulations related to compensation practices.
  • Demonstrated proficiency in Microsoft Excel and PowerPoint.

Minimum Requirements:

  • Bachelor’s degree in Human Resources, Business Administration, or related field.
  • At least 2 years of experience in compensation analysis or related field.

Preferred Attributes:

  • Experience with the HCM and Advanced Compensation modules of Workday preferred.
  • Certified Compensation Professional (CCP) designation preferred.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

  • Frequently required to sit; talk; and hear.
  • Occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop; kneel; or crouch.
  • Occasionally lift and/or move up to 10 pounds.
  • Vision abilities required by this job include close vision, distance vision and depth perception.

At Tricon Residential, we know that the best ideas happen when people bring their uniqueness to work with them. Inclusion is an integral part of how we leverage that uniqueness into our Company. Supporting Diversity, Inclusion and Belonging is not only the right thing to do; it is the right thing to do for our business.

To apply for this job please visit tricon.wd3.myworkdayjobs.com.