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Compensation Analyst

Digital FEMSA is seeking a Compensation Analyst to support the design, implementation, and management of compensation programs that align with business goals. You'll analyze compensation data and assist with benchmarking and developing compensation structures.

Skills

  • Compensation practices
  • Salary structures
  • Benefits programs
  • Microsoft Excel
  • Compensation software
  • HRIS systems
  • Analytical skills
  • Attention to detail
  • Strong communication

Responsibilities

  • Support process for Compensation Analysis & Reporting
  • Support Salary Structure Management
  • Support Job Evaluation & Job Descriptions process
  • Support Compensation Communication & Advisory Process
  • Support Annual Process (Annual Salary Reviews, incentive programs, performance bonus structures)
  • Support Contractors Payrolls and related process

Education

  • Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field

Benefits

  • Diverse and inclusive workplace
  • Equal opportunity employer
To read the complete job description, please click on the ‘Apply’ button

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

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 Compensation Analyst, Spin Careers

At Digital@FEMSA, we're excited to open the doors for a new Compensation Analyst to join our vibrant team! In this role, you'll be pivotal in designing, implementing, and managing compensation programs that ensure fairness and competitiveness throughout our organization. Your knack for analyzing compensation data will come into play as you assist with salary benchmarking and provide valuable insights on current compensation trends. You'll work alongside a dedicated group, contributing to the development of robust compensation structures that support our diverse workforce. We're looking for someone with at least 2 years of experience in compensation analysis or a related HR field, and a Bachelor’s degree in Human Resources, Business Administration, or Finance is essential. Proficient in Microsoft Excel and familiar with compensation practices? Great! You'll need those skills to navigate large datasets with ease. Your excellent analytical abilities, attention to detail, and strong communication skills will help you explain complex compensation details to different audiences in an engaging way. Plus, you’ll assist with various processes, including annual salary reviews and incentive programs. If you thrive in a diverse and inclusive workplace that values every employee, we encourage you to consider this opportunity with us at Digital@FEMSA, where every contribution matters and your career can thrive!

Frequently Asked Questions (FAQs) for Compensation Analyst Role at Spin Careers
What are the main responsibilities of a Compensation Analyst at Digital@FEMSA?

The Compensation Analyst at Digital@FEMSA plays a crucial role in supporting compensation analysis and reporting, managing salary structures, and assisting in job evaluations and descriptions. Additionally, this position actively contributes to compensation communication and annual processes like salary reviews and performance bonus structures.

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What qualifications do you need to apply for the Compensation Analyst position at Digital@FEMSA?

To apply for the Compensation Analyst role at Digital@FEMSA, you need a Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field and at least 2 years of experience in compensation analysis. Familiarity with compensation practices and proficiency in Microsoft Excel are also essential.

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How does Digital@FEMSA ensure competitive compensation for its employees?

Digital@FEMSA supports competitive compensation through salary benchmarking, analyzing compensation trends, and developing comprehensive compensation structures. The Compensation Analyst plays a key role in monitoring external market competitiveness and internal equity.

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What skills are essential for success as a Compensation Analyst at Digital@FEMSA?

To succeed as a Compensation Analyst at Digital@FEMSA, it's essential to have excellent analytical and problem-solving skills, the ability to work with large datasets, strong attention to detail, and proficiency in Microsoft Excel. Strong communication skills are also necessary for conveying complex information effectively.

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Does the Compensation Analyst position at Digital@FEMSA require experience with compensation software?

Yes, experience with compensation software and HRIS systems is beneficial for the Compensation Analyst role at Digital@FEMSA. This knowledge helps streamline compensation processes and enhances data analysis capabilities.

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Common Interview Questions for Compensation Analyst
Can you describe your experience with compensation analysis?

Be specific about the types of analyses you've performed, such as salary benchmarking or trend reporting. Highlight any software or tools you have used and the outcomes of your analyses, as these details can showcase your expertise and value.

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How do you ensure that compensation practices are equitable within an organization?

Discuss how you would evaluate internal equity against external competitiveness. Talk about conducting job evaluations, analyzing market data, and collaborating with other departments to ensure fair practices.

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What tools or software are you familiar with in the context of compensation analysis?

Mention the specific compensation software or HRIS systems you have used, detailing how they assisted you in analyzing data, benchmarking salaries, or managing compensation structures.

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How would you approach communicating complex compensation information to various audiences?

Explain how you would tailor your communication style based on the audience. Additionally, emphasize the importance of clarity and using visuals or examples to make the information more digestible for non-HR professionals.

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Can you give an example of a compensation project you successfully managed?

Share details about the project, your specific actions, the challenges faced, and the results attained. Use this as an opportunity to highlight your organizational and analytical skills.

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How do you stay updated with compensation trends and regulations?

Discuss the resources you use, such as professional organizations, online courses, or industry publications. Being knowledgeable about trends showcases your commitment to staying informed and relevant in your field.

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What is your process for conducting salary benchmarking?

Outline your steps for collecting market data, including choosing reliable sources, comparing this data to your organization, and making recommendations based on your findings.

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Describe how you handle confidential information?

Emphasize the importance of discretion and compliance with legal and ethical standards. Discuss specific steps you take to ensure confidentiality is maintained in all aspects of compensation.

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How do you approach collaboration with HR and other departments?

Talk about the importance of teamwork in HR functions, sharing examples of how you've effectively worked with different teams to develop and implement compensation strategies or resolve conflicts.

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What metrics would you use to evaluate the effectiveness of compensation programs?

Discuss metrics such as retention rates, employee satisfaction surveys, and market competitiveness. These indicators help measure whether the compensation programs are meeting organizational goals and employee needs.

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MATCH
Calculating your matching score...
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
No info
LOCATION
No info
SALARY RANGE
$60,000/yr - $80,000/yr
EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
December 27, 2024

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