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Compensation Analyst

Responsible for supporting the administration and assessment of Shoreside and Shipboard compensation programs. Develop recommendations for program changes based on department needs. Provide analytical reporting to support decisions around the design, development, costing and monitoring of base pay and incentive programs. Build relationships across departments to stay up to date with the latest positions data as it relates to our compensation metrics.ESSENTIAL DUTIES & RESPONSIBILITIES:• Support the analysis and evaluation of jobs utilizing both internal and external data to draw conclusions about the competitiveness of current compensation levels.• Provide recommendations for compensation packages comparing internal equity and market data for new hires, merit, and promotional increases.• Leverage salary survey data to evaluate the internal salary grade structure and provide recommendations to update existing data annually.• Continuously maintain data requirements to support participation in annual salary surveys for benchmarking.• Partner with the HRIS to maintain accurate compensation information to inform our compensation strategy.• Implement system changes to compensation structure across a variety of tools and monitor for accuracy.• Responsible for reporting and tracking changes in headcount and impacts to HR budgets for Shoreside and Shipboard.• Review weekly reporting to identify performance trends in Shipboard individual compensation targets vs. actual commissions paid.• Assist with the research and management of pilot compensation initiatives and implement changes related to compensation administration.• Assist with monitoring the effectiveness of Shipboard incentive plans and provide updates when the compensation program is not performing as expected.• Keep up to date on current research and emerging trends and issues.• Update compensation policies and related documentation as changes and new procedures arise.• Synthesize data and create ad hoc reports across various tools or formats to help inform business decisions.QUALIFICATIONS:Education and Experience:• Bachelor’s degree in the field of Compensation/HR, Finance, or related field.• 5-7 years’ experience in a compensation related role.• Technical expertise in compensation principles, practices, and compliance requirements.• Expertise in ExcelPreferred Education & Experience:• Compensation certifications desirable• Experience within the cruise or travel/hospitality industry• Experience with Power BIKnowledge, Skills & Abilities:• Knowledge of federal & state regulations pertaining to compensation• Keen attention to detail in order to prepare detailed comepnsation analytics• Exceptional written and oral communication skills• Proven analytical and problem-solving abilities• Discretion and confidentiality regarding sensitive information• Ability to coordinate between various departments and levels• Proficiency with Microsoft OfficeTravel Requirements:• Less than10% of timeKey Competencies:• Customer Service• Relationship Management• Business Acumen• Drive for Results• Self-Development• Courage• Problem Solving• Communicating Effectively• Teamwork and CollaborationOther:Position Type/Expected Hours of WorkSome flexibility in hours is permitted, employee must be available during the “core” work hours of 8:00 a.m. to 5:00 p.m. Monday – Friday and must work 30 hours each week to maintain full-time status. Occasional evening and weekend work may be required as job duties demand.Physical Demands:Office environment with frequent sitting, walking and standing, occasional climbing, stooping, kneeling, crouching and balancing. Frequent use of eye, hand and finger coordination enabling use of office machinery. This position requires the ability to occasionally lift office products and supplies, up to 20 pounds. Oral and auditory enabling interpersonal communication as well as communication automated devise such as the telephone.At Starboard Cruise Services and Onboard Media curating a vibrant world can only be accomplished by vibrant and diverse teams. We are committed to nurturing a workplace where you can feel safe to show up authentically and thrive while being uniquely you. Our North Star guides us to deliver equal employment opportunities for all individuals and to providing employees with an equitable work environment free of discrimination and harassment. We also aim to extend this commitment to the partners we work with and the guests we serve. We are constantly listening, learning, and evolving to deliver on these promises.We believe our differences make us stronger and are curious to see you leverage your lived experiences to strengthen our team, our culture and your career. At Starboard Cruise Services and Onboard Media we take action so that no one is discriminated against because of their differences, such as age, disability (physical, mental or sensory), ethnicity, gender, gender identity and expression, religion, sexual orientation, military/veteran status, genetic information, family care status or any other basis protected by federal, state or local laws. All employment decisions will be made based on business needs, job requirements and individual qualifications.So come onboard with us and celebrate a culture that attracts top talent with shared values and forms the foundation for a great place to work.
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What You Should Know About Compensation Analyst, Starboard Cruise Services

Are you a talented Compensation Analyst looking for an exciting opportunity in the vibrant city of Miami, FL? At Starboard Cruise Services, we are seeking an analytical and detail-oriented individual to support our shoreside and shipboard compensation programs. In this dynamic role, you'll be responsible for developing recommendations for compensation program changes, providing analytical reporting, and maintaining relationships across departments to maximize our compensation strategies. You will leverage salary survey data to evaluate internal structures, support the analysis of job roles, and make recommendations on competitive compensation packages for hires and promotions. With your expertise in Excel and a keen eye for detail, you'll synthesize data to create reports that drive informed decisions. You’ll also stay current on emerging trends to keep our compensation policies fresh and relevant. Imagine being part of a workplace where your insights can make a significant impact on employee satisfaction and retention. Join us in a culture that celebrates diversity and values unique experiences. If you're ready to embark on a rewarding career journey, we would love to hear from you!

Frequently Asked Questions (FAQs) for Compensation Analyst Role at Starboard Cruise Services
What are the responsibilities of a Compensation Analyst at Starboard Cruise Services?

As a Compensation Analyst at Starboard Cruise Services, your key responsibilities will include analyzing and evaluating job roles using both internal and external compensation data, recommending compensation packages for hires, merit increases, and promotions, maintaining the data for annual salary surveys, and partnering with HRIS for accurate compensation information. You'll also monitor the effectiveness of incentive plans and create reports to enhance business decisions.

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What qualifications are needed for the Compensation Analyst position at Starboard Cruise Services?

To qualify for the Compensation Analyst role at Starboard Cruise Services, you should hold a Bachelor's degree in Compensation/HR, Finance, or a related field, along with 5-7 years of experience in a compensation-related role. Technical expertise in compensation principles and practices, along with proficiency in Excel, are essential. Preferred experience includes compensation certifications and a background in the cruise or hospitality industry.

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How does the Compensation Analyst at Starboard Cruise Services contribute to the company's compensation strategy?

The Compensation Analyst at Starboard Cruise Services plays a vital role in shaping the company's compensation strategy by synthesizing job market data, identifying trends, and suggesting adjustments to compensation packages. By conducting thorough analyses and developing reports, this role ensures that Starboard remains competitive in attracting and retaining talented employees.

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What skills are crucial for succeeding as a Compensation Analyst at Starboard Cruise Services?

Key skills for succeeding as a Compensation Analyst at Starboard Cruise Services include strong analytical and problem-solving abilities, exceptional written and oral communication skills, attention to detail, and the ability to work collaboratively across various departments. A solid understanding of compensation regulations and the ability to maintain discretion with sensitive information are also essential for this position.

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What is the work environment like for a Compensation Analyst at Starboard Cruise Services?

The work environment for a Compensation Analyst at Starboard Cruise Services is professional and collaborative, located in an office setting in Miami, FL. While the position calls for flexibility between core hours, it promotes a balance between teamwork and independence. Starboard's commitment to diversity ensures a welcoming atmosphere where all employees can thrive.

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

In answering this question, focus on your specific experiences where you've analyzed compensation data. Share the tools you've used, the types of reports you've generated, and how your analyses influenced compensation decisions. Highlight your analytical skills and attention to detail.

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How do you ensure that compensation packages remain competitive in the market?

To answer this, discuss your methods for gathering market data, such as salary surveys or industry benchmarks. Explain how you analyze the data to compare internal compensation structures with market trends. Emphasize the importance of ongoing research and data maintenance.

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Describe how you approach job evaluations for compensation purposes.

When responding, describe your systematic approach to job evaluations. Discuss the factors you consider, such as job responsibilities, qualifications, and company objectives. Share an example to illustrate how your evaluation influenced compensation decisions.

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What tools do you use for reporting compensation data?

Comment on your familiarity with tools such as Excel, Power BI, or HRIS software. Describe specific reporting functions you've used, and how you've leveraged these tools to create actionable insights from compensation data.

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How do you handle sensitive information regarding employee compensation?

Discuss your commitment to confidentiality and discretion when managing sensitive compensation information. Give examples of situations when you took steps to protect employee data while still supporting the payroll and HR teams.

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What is your experience with incentive plan assessments?

Talk about any previous roles where you were responsible for monitoring or assessing incentive plans. Describe how you measured their effectiveness and the adjustments you proposed based on your findings.

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How do you stay current with compensation trends and legislation?

In your response, highlight the resources you use to keep updated, such as industry publications, professional organizations, webinars, and networking. Explain how this knowledge impacts your work.

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Can you provide an example of a report you've created for compensation analysis?

Share a specific instance where your report led to a significant decision, such as restructuring pay scales or implementing new pay practices. Highlight the key metrics you included and how they were used.

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How do you integrate feedback from different departments into your compensation recommendations?

Describe your collaborative approach and how you facilitate communication with various departments. Share a specific example where departmental feedback influenced your compensation analysis or strategy.

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What strategies do you use to communicate changes in compensation policies to employees?

Talk about your experience creating clear communication strategies. Explain how you would approach announcing policy changes to ensure employees understand the rationale and specifics of the changes.

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December 13, 2024

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