As a key member of the Total Rewards team, you will provide excellent service to all levels for your assigned client group with respect to compensation policy, practices and administration. The Compensation Analyst is accountable for managing the research, analysis, development, implementation and administration of compensation programs, to meet organization objectives and needs.

With a solid knowledge of compensation best practices, you will work closely with the HR Business Partners and Leaders to provide consultative advice and analytical support on compensation related issues.

Responsibilities

- Develop a deep understanding of the business and create market competitive compensation programs to help the business accomplish its objectives. Acts as a consultant to the business to improve understanding of our practices and policies. Ensures internal equity and compensation philosophies are maintained.
- Manage all tasks related to the annual and semi-annual salary review process for assigned client group from process beginning to completion including data validation, calculation and communication.
- Play a key role in the calculation and communication of bonus programs. Assist in the development of bonus plan documentation and quarterly updates. Analyze the effectiveness of programs and recommend changes when necessary.
- Participate in job evaluation committee meetings.
- Participate in senior management discussions regarding initiatives/changes in organization structures and provide corresponding job evaluation support.
- Prepare a variety of special reports and analysis to monitor the integrity and competitiveness of our compensation programs.
- Prepare salary surveys, ad hoc compensation surveys and compile survey market data.
- Analyze and compile compensation data to assist director in formulating compensation policies.
- Counsel HR Business partners on individual salary treatment and escalated unique situations to the Compensation Manager.




- Provide guidance and mentoring to junior positions.
- Assist in the roll out/communication of changes to compensation policy & administration.
- Assist in special projects related to the implementation of new HR systems and provide input into process improvement.
- Use strong technical knowledge of HRIS (preferably Peoplesoft) as well as Access and Excel to improve processes and efficiencies within the department.
- Contribute to annual budgeting process.
- Perform other related duties as required or requested.

Qualifications

- University Degree or equivalent, completion or near completion of postgraduate studies in Human Resources/Compensation. A completion or near completion of CPP designation would be an asset.
- Advanced Excel and Access skills with knowledge of merging and macros.
- Prior experience with large data sets.
- Excellent analytical, problem solving and financial modeling skills, with an eye for detail and accuracy. Capability to analyze and resolve complex situations.
- Excellent interpersonal, communication and consulting skills. Customer focused and ability to establish effective working relationships with HR Business partners and leaders.
- Knowledge of PeopleSoft query a definite asset.
- Demonstrates initiative and proactive mindset with ability to manage multiple priorities and time constraints, and achieve results in a complex, fast paced environment.
- Financial acumen and ability to synthesize data and present recommendations.
- 5 years of experience in compensation in a retail workplace.
- Experience designing incentives, market analysis, job evaluation and playing a consultative role.
- Experience providing consultative advice to senior leaders.
- Experience with sales incentive program design.
- Must have a thorough knowledge of the compensation cycle, including salary administration, surveys, market analysis.

Benefits

- Health and Dental benefits
- RRSP/DPSP
- Performance bonuses

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📌 Compensation Analyst (Contract) (Richmond Hill)
🏢 Staples
📍 Richmond Hill