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Compensation Analyst Jobs in Michigan (NOW HIRING)

As a Compensation Analyst, you will serve as a consultant to HR and business leaders globally on a wide variety of compensation-related topics. You will help shape compensation philosophy while ...

Perform salary surveys and analyze compensation data to maintain competitive external pay practices. * Assist in developing and maintaining pay structures, including calculating pay grades and salary ...

Position Overview We are seeking a highly motivated Finance Operations & Compensation Analyst to own compensation administration, reconciliation, and vendor financial operations as we scale.

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Compensation Analyst information

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$17

$33

$51

How much do compensation analyst jobs pay per hour?

As of Aug 6, 2026, the average hourly pay for compensation analyst in Michigan is $33.96, according to ZipRecruiter salary data. Most workers in this role earn between $27.26 and $38.56 per hour, depending on experience, location, and employer.

What does a compensation analyst do?

A compensation analyst works in Human Resources focusing on the analysis of employee salaries and benefits to ensure both are fair. The compensation analyst looks at each role and performs an analysis of similar positions both inside and outside of the company to determine the amount of pay a candidate should receive for their work. They provide the figures to upper management to budget for a new employee or plan their financial goals for the year. Their duties include meeting federal guidelines for worker’s compensation, building pay structures for their employer, and reviewing existing salaries.

Is a compensation analyst a good job?

A compensation analyst is a professional responsible for analyzing salary structures, benefits, and pay practices within organizations. The role typically requires strong analytical skills, knowledge of compensation laws, and proficiency with data tools like Excel or HRIS systems. It can offer stable employment, opportunities for advancement, and a competitive salary, especially with experience and relevant certifications.

What is a compensation analyst?

Compensation Analysts are human resources professionals who research, analyze, and develop an organization's pay structures and compensation programs. They ensure that salaries, bonuses, and benefits are competitive and comply with legal standards. Their work involves conducting market salary surveys, evaluating job positions, and making recommendations to attract and retain employees. Compensation Analysts play a critical role in balancing organizational goals with employee satisfaction.

What are the key skills and qualifications needed to thrive as a compensation analyst, and why are they important?

To thrive as a Compensation Analyst, you need strong analytical skills, attention to detail, and a solid understanding of compensation principles, often supported by a degree in human resources, finance, or a related field. Familiarity with HRIS systems, advanced Excel functions, and compensation management software like PayScale or MarketPay is typically required. Exceptional communication, problem-solving abilities, and discretion with sensitive data are important soft skills that set top performers apart. These skills and qualities are crucial for ensuring fair, competitive, and legally compliant compensation practices that attract and retain talent.

What is the difference between Compensation Analyst vs Benefits Analyst?

AspectCompensation AnalystBenefits Analyst
Required CredentialsBachelor's degree in HR, Business, or related field; certifications like CCP or CBPBachelor's degree in HR, Business, or related field; certifications like CBP or CEBS
Work EnvironmentCorporate HR departments, consulting firms, or government agenciesCorporate HR teams, insurance companies, or government agencies
Employer & Industry UsageUsed across industries to develop compensation structuresUsed to manage employee benefits programs and compliance
Comparison FocusAnalyzing salary data, pay structures, and market trendsManaging health, retirement, and other employee benefits

While both roles are vital in HR, Compensation Analysts focus on salary structures and pay equity, whereas Benefits Analysts specialize in employee benefits programs. Both roles often collaborate but serve distinct functions within organizations.

What are some typical challenges compensation analysts face when ensuring pay equity across an organization?

Compensation Analysts often encounter challenges such as navigating complex pay structures, managing large volumes of sensitive salary data, and staying current with evolving regulations on pay equity. They must balance internal fairness with external market competitiveness while addressing potential discrepancies in pay based on job roles, experience, and location. Additionally, collaborating with HR, finance, and leadership teams to implement equitable compensation strategies requires strong communication and data analysis skills.
What are the most commonly searched types of Compensation Analyst jobs in Michigan? The most popular types of Compensation Analyst jobs in Michigan are:
What cities in Michigan are hiring for Compensation Analyst jobs? Cities in Michigan with the most Compensation Analyst job openings:
Infographic showing various Compensation Analyst job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 20% Part Time, and 4% Contract. Highlights an 88% Physical, 2% Hybrid, and 10% Remote job distribution, with an average salary of $70,644 per year, or $34 per hour.

Other

Medical, Retirement, PTO

Posted 18 days ago


Job description

Building the people that build the world.

With platforms in HVAC and Detection and Measurement, SPX Technologies builds innovative solutions that enable a safer, more efficient, sustainable world.  Through our RiSE talent development framework, we Reach, Identify, Strengthen, and Engage our employees to support them in their continued development.  We're a global company of problem solvers, collaborators, and innovators, and our businesses build solutions that impact the world.

This is a hybrid position requiring minimum 3 days a week in office in Charlotte, NC. 

How you will make an Impact (Job Summary)

SPX is a diverse team of unique individuals who all make an impact. As a Compensation Analyst, you will serve as a consultant to HR and business leaders globally on a wide variety of compensation-related topics.  You will help shape compensation philosophy while ensuring the integrity of our compensation strategy and practices through execution of sound policy and governance practices. You will serve as a subject matter expert for global base pay administration with emphasis on job evaluations, salary recommendations, market benchmarking, and salary survey participation to ensure that our positions continue to align to market and remain competitive. 

What you can expect in this role (Job Responsibilities)

While each day brings new opportunities at SPX, your core responsibilities will be:

Market Analysis

  • Conduct job analysis to determine appropriate salary levels according to job leveling guidelines, maintain documentation including job descriptions, survey benchmarks, FLSA classifications and relevant supporting data.
  • Evaluate individual jobs and job families by analyzing external competitiveness and internal equity to make compensation recommendations.

Survey Management

  • Manage Market Pay (on-line market pricing system) administration.
  • Participate in salary surveys for multiple countries adhering to deadlines and job match accuracy.

Compensation Administration

  • Participate in the analysis, design, implementation and communication of the global annual salary review process.
  • Develop and maintain competitive pay structures
  • Support the administration of the short-term and long-term incentive programs.

Systems Administration & Governance

  • Work with HRIS/HRMS teams to ensure that SuccessFactors is updated to reflect changes to salary structures, bonus programs, vendor interfaces, etc.
  • Conduct compensation audits and assist with preparation of analytics and reports

What we are looking for (Experience, Knowledge, Skills, Abilities, Education)

We each bring something to the table, and we are looking for someone who has:

Required Experience

  • 3+ Years related experience with an analytical acumen, preferably in Compensation Administration
  • Ability to conduct thorough job analysis including benchmarking to external market data and internal equity.
  • Ability to audit complex sets of data, draw conclusions, make recommendations and identify opportunities for improvement.
  • Knowledge of federal and state laws relating to compensation

Preferred Knowledge, Skills, and Abilities

  • Demonstrated experience managing survey administration including responding to surveys and interpreting results
  • Familiarity with Market Pay or similar market benchmarking tools

Education & Certifications

  • Bachelor's degree in business or human resource management or equivalent experience
  • Certified Compensation Professional or GRP

Travel & Working Environment

  • Hybrid schedule working onsite 3+ days per week
  • Minimal travel

How we live our culture

Our culture is at the center of what we do and, more importantly, who we are.  Our core values set a standard for how we manage ourselves, and our Leadership Model sets the standard for how we engage with each other.  Whether you are an individual contributor or you lead a large team, each of us leads at SPX.  

What benefits do we offer?

We know that the well-being of our employees is integral. Our benefits include:

  • Generous and flexible paid time off including paid personal time off, caregiver, parental, and volunteer leave
  • Competitive health insurance plans and 401(k) match, with benefits starting day one
  • Competitive and performance-based compensation packages and bonus plans
  • Educational assistance, leadership development programs, and recognition programs  

Our commitment to embrace diversity to build a culture of inclusion at SPX

We value different backgrounds, experiences, and voices at SPX, and we are committed to challenging ourselves, openly communicating, and striving to improve every day.  We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential. 

SPX is an affirmative action and equal opportunity employer committed to making selection decisions without regard to race, color, religion, sex, sexual orientation or identity, national origin, age, disability, veteran status, or any other legally protected basis.