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25-067.P1 - Compensation Analyst

The Compensation Analyst implements compensation programs to attract, reward, and retain top talent across Hilcorp. Manages calculation and payment processing of our bonus program. Also supports our Long-Term Incentive (Buy-In) team as needed with analytical and accounting related work.

Essential Job Responsibilities:

  • Lead the delivery of compensation programs, policies, and projects across the organization in accordance with Hilcorp’s compensation philosophy.
  • Evaluate job positions, determining classification, exempt or non-exempt status, and salary.
  • Prepare occupational classifications, job descriptions, and salary scales.
  • Lead the annual compensation review process, including salary planning, incentive awards, configuration of HRIS (Workday), and communication of compensation outcomes.
  • Evaluate jobs and recommend grades to ensure internal equity and external competitiveness.
  • Provide subject matter expertise, insight, and understanding to the business on all compensation matters.
  • Prepare compensation recommendations for new hires and current employees, providing insight based on knowledge of relevant labor markets and internal relativity.
  • Research compensation trends and conduct market analysis to ensure programs are aligned with the competitive market.
  • Review compensation policies to ensure continued alignment with legislation and best practice.
  • Use compensation data to provide thoughtful analysis and insight to drive recommendations, with the ability to present outcomes to business leaders in a concise manner.
  • Calculate bonus payments according to Hilcorp’s plan document and ensure appropriately uploaded to Workday for payment.
  • Provide training to the organization on compensation related topics on an ad-hoc basis.
  • Support Buy-In projects and initiatives with data analysis, insight generation, and recommendations that improve decisions.
  • Identify trends, problem solve and implement resolutions using data extracted from financial accounting system (SAP), Buy-In system, and Workday.
  • Complete special projects, as assigned.

Other Job Responsibilities:

  • Adheres to the company’s values – Integrity, Ownership, Urgency, Alignment, and Innovation.
  • Supports company vision and mission.
  • Adheres to established work schedule, attendance standards and is punctual to work and meetings.
  • Ability to remain professional, positive, determined, and focused when facing challenging situations.
  • Maintains employee confidence and protects company assets, including intellectual property, by keeping information confidential.
  • Contributes to team effort by accomplishing related results, as needed.
  • Able to travel across L48 and Alaska on an as-needed basis.
  • Other duties as assigned by management.

Qualifications:

  • 7+ years of progressive experience in compensation, accounting or related field with an emphasis on executing multiple initiatives and process enhancements.
  • Understanding of generally accepted accounting principles preferred.
  • Demonstrated success in the design, implementation, and communication of compensation programs with the ability to advise and influence senior leaders.
  • Ability to use data to build & present recommendations to senior leaders, ask thoughtful questions, and bring ideas to the table.
  • Understanding of compensation trends, pay equity, compensation administration and financial modelling with the ability to present and train individuals on compensation topics.
  • Exceptional analytical and critical thinking skills, ensuring diligence with the details.
  • Ability to work in a demanding environment and manage multiple priorities effectively.
  • Maintain technical knowledge by attending educational workshops and reviewing professional publications, establishing personal networks, and participating in professional associations.
  • Knowledge of IRS & FLSA regulations.
  • Oil and Gas industry experience preferred.
  • Workday experience preferred.
  • High level of MS Office proficiency.

Education Requirements:

  • Bachelor’s Degree from an accredited four-year university or college with a degree in Human Resources, Business Administration, or related field

Certifications, Licenses, Registrations:

  • Certified Compensation Professional (CCP) preferred

Average salary estimate

$105000 / YEARLY (est.)
min
max
$90000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About 25-067.P1 - Compensation Analyst, HEC

Are you ready to take your career to the next level? Hilcorp is on the lookout for a dynamic and experienced Compensation Analyst to join our team in Houston, TX. In this role, you will play a critical part in implementing compensation programs designed to attract, reward, and retain the best talent across our organization. You’ll not only manage the calculation and payment processing of our bonus program but also support our Long-Term Incentive team with your analytical prowess. As a Compensation Analyst at Hilcorp, you'll lead the annual compensation review process and evaluate job positions to determine classifications and salary structures, ensuring internal equity and external competitiveness. Your insights will guide us in preparing compensation recommendations, understanding market trends, and aligning our programs with legislation and best practices. In addition to supporting compensation initiatives, you’ll deliver training to the organization on related topics, ensuring that our staff has the knowledge they need. We’re seeking someone with exceptional analytical and critical thinking skills, who thrives in a fast-paced environment and is committed to maintaining confidentiality and integrity in all processes. If you have a knack for helping teams understand complex information and a passion for enhancing compensation strategies, then this opportunity with Hilcorp is perfect for you. Join us and help shape the future of compensation at Hilcorp!

Frequently Asked Questions (FAQs) for 25-067.P1 - Compensation Analyst Role at HEC
What does a Compensation Analyst do at Hilcorp?

As a Compensation Analyst at Hilcorp, your primary responsibilities will include implementing and managing various compensation programs that attract and retain top talent. You'll evaluate job positions, prepare job descriptions, and lead the annual compensation review process. Additionally, you will analyze compensation data to provide insights that help shape strategic decisions within the company.

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What qualifications do I need to become a Compensation Analyst at Hilcorp?

To qualify for the Compensation Analyst position at Hilcorp, you should have at least 7 years of progressive experience in compensation or a related field, along with a Bachelor’s degree in Human Resources, Business Administration, or a comparable discipline. Knowledge of IRS and FLSA regulations, as well as experience in the oil and gas industry, is preferred.

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How does Hilcorp support career growth for Compensation Analysts?

Hilcorp is committed to the professional development of its employees. As a Compensation Analyst, you will have opportunities to enhance your skills through educational workshops and participation in professional associations. Additionally, you’ll be encouraged to bring new ideas to the table, fostering a culture of continuous growth and improvement.

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What tools and software will I use as a Compensation Analyst at Hilcorp?

In your role as a Compensation Analyst at Hilcorp, you'll primarily utilize Workday for managing compensation processes and SAP for data extraction. Proficiency in MS Office is also essential, as you'll be preparing reports and presentations for senior leadership based on your analytical findings.

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Can you explain the compensation review process at Hilcorp?

The compensation review process at Hilcorp is an annual undertaking where you'll lead salary planning, incentive awards, and the communication of compensation outcomes. You'll evaluate jobs, gather market data, and prepare insights to ensure that Hilcorp’s compensation programs remain competitive and equitable.

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Common Interview Questions for 25-067.P1 - Compensation Analyst
What experience do you have with developing and implementing compensation programs?

When answering this question, focus on specific programs you've designed or improved, especially in terms of their impact on attracting and retaining talent. Make sure to highlight any measurable outcomes and your strategic approach throughout the process.

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How do you ensure compliance with compensation regulations?

Discuss your understanding of regulations like IRS and FLSA, and detail any processes you've developed or followed to ensure compliance. Provide examples of how you've updated practices to adhere to changing regulations in previous roles.

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How would you handle a situation where your compensation recommendations are met with resistance?

Emphasize the importance of communication and data-driven decision-making. Describe how you would present your findings using market research and internal data to support your recommendations and engage in constructive discussions.

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Can you describe a time when you had to analyze complex compensation data?

Provide a specific example where you successfully analyzed large datasets to draw important insights. Detail the tools used, your analytical methods, and how your insights influenced business decisions.

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What strategies do you use to keep up with compensation trends?

Highlight your proactive approach to staying informed, whether through professional associations, workshops, market research, or networking. Mention specific resources you find useful and how you apply new trends to your work.

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How do you approach the annual compensation review process?

Outline the steps you take to prepare for the review process, including data collection, analysis, and collaboration with various departments. Emphasize your organizational skills and how you ensure thorough communication of outcomes.

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What role do you think technology plays in compensation analysis and decision-making?

Discuss how technology, particularly tools like Workday and data analysis software, enhances your ability to conduct thorough compensation analysis. Provide examples of how technology has streamlined your processes in past roles.

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Can you explain the importance of internal equity and external competitiveness in compensation planning?

Discuss the balance between ensuring fair pay internally while remaining competitive within the market. Use examples from your experience where you've successfully managed these two factors and their implications on employee satisfaction and retention.

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What methods do you use to communicate compensation changes to employees?

Emphasize the importance of transparent communication. Describe how you would prepare resources like presentations, FAQs, or one-on-one meetings to address employee inquiries and foster understanding of compensation changes.

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How would you advise management on maintaining pay equity?

Explain your approach to analyzing pay scales against various demographics and addressing discrepancies. Provide insights on developing a fair compensation structure that aligns with both organizational values and legal standards.

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DATE POSTED
March 29, 2025

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