Compensation Analyst

We are looking for a Compensation Analyst to support pay programs and provide market-informed guidance that helps the organization make sound compensation decisions. This position will analyze salary data, evaluate compensation structures, and contribute to the administration of compensation and benefits practices in Indianapolis, Indiana. The ideal candidate brings strong analytical ability, attention to detail, and experience translating compensation data into practical recommendations.

Responsibilities:
• Analyze internal pay data and external market information to identify trends, assess competitiveness, and support compensation planning.
• Participate in compensation benchmarking activities by reviewing survey results and comparing roles against relevant market positions.
• Help administer compensation programs by maintaining salary structures, supporting pay reviews, and ensuring data accuracy.
• Prepare reports, models, and presentations that summarize compensation findings for HR and business stakeholders.
• Partner with internal teams to evaluate job classifications and recommend pay ranges aligned with organizational practices and market conditions.
• Support compensation survey submissions by gathering, validating, and organizing required job and pay data.
• Contribute to compensation and benefits analysis that informs policy updates, budgeting, and workforce planning decisions.• Experience in compensation analysis, including evaluating pay practices and interpreting market data.
• Knowledge of compensation and benefits concepts, salary structures, and benchmarking methodologies.
• Hands-on familiarity with compensation surveys and the ability to match jobs accurately to survey benchmarks.
• Strong analytical and quantitative skills with proficiency in working with spreadsheets and compensation data sets.
• High attention to detail and the ability to manage sensitive information with discretion.
• Effective communication skills for presenting findings and collaborating with HR and business partners.