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Compensation Analyst Jobs in Ontario (NOW HIRING)

The Sr. Compensation Analyst will report to the Senior Manager, Compensation Advisory, delivering professional research, high-quality analytics and technical services to one of TD's lines of business ...

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Compensation Analyst information

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$37

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How much do compensation analyst jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for compensation analyst in Ontario is $37.63, according to ZipRecruiter salary data. Most workers in this role earn between $30.29 and $42.79 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 Ontario? The most popular types of Compensation Analyst jobs in Ontario are:
What are popular job titles related to Compensation Analyst jobs in Ontario? For Compensation Analyst jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Compensation Analyst jobs in Ontario look for? The top searched job categories for Compensation Analyst jobs in Ontario are:
Infographic showing various Compensation Analyst job openings in Ontario as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 25% Part Time, and 3% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $78,264 per year, or $37.6 per hour.

Variable Compensation Analyst

Open Text Corporation

Waterloo, ON • On-site

CA$63K - CA$95K/yr

Other

PTO

Posted 19 days ago


Job description

OPENTEXT - THE INFORMATION COMPANY

OpenText is a global leader in information management, where innovation, creativity, and collaboration are the key components of our corporate culture. As a member of our team, you will have the opportunity to partner with the most highly regarded companies in the world, tackle complex issues, and contribute to projects that shape the future of digital transformation.

AI-First. Future-Driven. Human-Centered.

At OpenText, AI is at the heart of everything we do-powering innovation, transforming work, and empowering digital knowledge workers. We are hiring talent AI can't replace to help us shape the future of information management. Join us.


Your Impact:

Reporting to the Senior Manager, Variable Compensation, the Variable Compensation Analyst will be assisting the Variable Compensation teams in the accurate calculation, preparation, and communication of variable compensation/performance results for worldwide business units. The successful candidate will be highly analytical, detail-oriented, and possess a broad understanding of accounting. The Variable Compensation Analyst will be responsible for performing variable compensation calculations and analysis of variable compensation accounts and may be called upon to work on special projects throughout the year.

What it takes:

As a Variable Compensation Analyst, you will:

  • Preparation and submission of monthly commission, incentives and bonus calculation files.
  • Preparation of month end accruals and balance sheet reconciliations.
  • Data analysis, audits, and review of system setups using AI supported tools and programs.
  • Compiling regular and ad hoc reports of key operational metrics.
  • Establish standardized methodologies, tools, and documentation to ensure consistency and accuracy.
  • Identify areas where processes need to be automated and/or streamlined and lead those initiatives.
  • Respond to inquiries from plan participants and business stakeholders with focus on excellent customer service
  • Perform staff activities including administrative tasks as assigned
  • Work on special projects such as process improvements, data analysis/compilation, presentations, report building.
  • Perform in a challenging and extremely fast-paced environment, while being able to change direction when circumstances change.

What you need to succeed:

  • BA or BS Degree in accounting, economics, finance, mathematics, science, statistics, or other quantitative subjects
  • Proficient in Microsoft Excel (Advanced), and technically savvy in other data systems
  • Excellent communication and organizational skills, and the ability to collaborate with a variety of people and job functions
  • High attention to detail, a commitment to quality and a results-driven and customer focused mindset
  • Ability to work independently and as a team player to achieve goals and tight deadlines while managing cross functional responsibilities and not sacrificing quality/integrity.
  • Previous sales compensation experience preferred.
  • Previous experience with Xactly and Salesforce.com an asset.
  • Self-starter who will take the initiative to learn the various processes from start to finish.

OpenText's commitment to diversity and inclusion surpasses legal requirements, evident in our Equal Employment Opportunity Statement of Policy which promotes a respectful and empowering environment for employees of all backgrounds, culture, national origin, race, color, gender, gender identification, sexual orientation, family status, age, veteran status, disability, religion, or other basis protected by applicable laws.

If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please submit a ticket at Ask HR. Our proactive approach fosters collaboration, innovation, and personal growth, enriching OpenText's vibrant workplace.

Compensation: At OpenText, we offer a thoughtfully designed benefits package that supports your physical, emotional, and financial wellbeing. As you move through the hiring process, we're happy to provide more details about our compensation programs, including variable and commission compensation opportunities for eligible roles, vacation entitlement, and paid time off.

Salary Range: $63,760.00 - $95,640.00; Depending on the candidate's education, experience, skills, geographical location, and alignment with internal equity and external market, actual salary may vary and be higher or lower than the range posted.

AI Usage Disclosure: As part of our commitment to transparency, we use artificial intelligence (AI) tools to assist in various stages of our recruitment process, including resume screening, candidate matching, interview scheduling, and communications. These tools are designed to improve efficiency, reduce bias, and enhance candidate experience. All decisions regarding hiring are made by qualified human professionals, and we continuously monitor our AI systems to ensure fairness and compliance with applicable regulations.

Employment Type: OTHER