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Compensation Data Analytics Jobs in Indiana (NOW HIRING)

Prior experience in healthcare analytics or trend analysis is a strong advantage highly preferred ... Please be advised that Elevance Health only accepts resumes for compensation from agencies that ...

Industry/Sector Not Applicable Specialism Data, Analytics & AI Management Level Senior Associate ... Actual compensation within the range will be dependent upon the individual's skills, experience ...

... Provide data-driven recommendations on salary structures, job leveling and pay program enhancements Conduct compensation analyses including market benchmarking, pay equity reviews and modeling ...

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Compensation Data Analytics information

What is compensation data analytics?

Compensation data analytics is the process of collecting, analyzing, and interpreting data related to employee compensation, such as salaries, bonuses, and benefits. This field helps organizations make informed decisions about pay structures, ensure competitive and equitable compensation, and comply with legal requirements. By leveraging data analytics, companies can identify trends, address pay disparities, and optimize their compensation strategies to attract and retain top talent.

What are the key skills and qualifications needed to thrive as a Compensation Data Analytics professional, and why are they important?

To thrive as a Compensation Data Analytics professional, you need strong analytical skills, a solid understanding of compensation structures, and a degree in fields like HR, finance, or statistics. Familiarity with HR information systems (HRIS), data visualization tools like Tableau or Power BI, and proficiency in Excel or statistical software such as R or Python are commonly required. Attention to detail, problem-solving abilities, and effective communication skills help you translate complex data into actionable insights for stakeholders. These skills ensure accurate, data-driven compensation strategies that support organizational goals and fair employee practices.

What is the difference between Compensation Data Analytics vs Compensation Analyst?

AspectCompensation Data AnalyticsCompensation Analyst
CredentialsDegree in HR, Business, or Data Analytics; often certifications in data analysisDegree in HR, Business, or related field; HR certifications common
Work EnvironmentData-focused, analytical tasks, often in HR or compensation departmentsHR teams, compensation planning, employee benefits
Industry UsageUsed across industries for data-driven compensation strategiesPrimarily in HR and compensation departments within various industries
Search & Comparison IntentFocus on data analysis skills and tools for compensation dataFocus on salary structures, benefits, and employee compensation policies

Compensation Data Analytics involves analyzing large datasets to inform compensation strategies, requiring strong data skills. Compensation Analysts focus on designing and managing salary structures and benefits. Both roles collaborate but differ mainly in their focus—data analysis versus policy implementation.

What is the highest paying job in data analytics?

The highest paying roles in data analytics typically include Data Science Directors, Chief Data Officers, and Analytics Executives, with salaries often exceeding $150,000 annually. These positions require advanced skills in statistical analysis, machine learning, and leadership, and are usually found in large corporations or tech companies.

What jobs make $1,000,000 a year?

In compensation data analytics, roles such as chief data officer, senior data scientist, or executive-level positions in finance and technology can reach or exceed $1 million annually, often through base salary, bonuses, and stock options. These high earnings typically require extensive experience, advanced skills in data modeling and analytics tools, and leadership responsibilities. Such compensation is more common in large corporations or successful startups with significant revenue and growth potential.

Will AI replace a data analyst?

AI tools can automate routine data processing and analysis tasks, but the role of a data analyst involves interpreting complex data, providing insights, and communicating findings, which require human judgment and domain expertise. Therefore, while AI may augment a data analyst's work, it is unlikely to fully replace the role in the near future.

How does a Compensation Data Analytics professional typically collaborate with HR and business leaders to inform pay decisions?

Compensation Data Analytics professionals work closely with HR teams and business leaders by providing data-driven insights that guide salary structures, incentive plans, and pay equity initiatives. They interpret data from salary surveys, internal pay records, and market trends, translating complex analyses into actionable recommendations. Regular meetings and presentations are common, ensuring that stakeholders understand compensation trends and can make informed decisions that support organizational goals. Effective communication and collaboration are key, as these professionals often bridge the gap between technical analytics and strategic HR planning.

What jobs pay 500,000 a year in the US?

In compensation data analytics, senior roles such as Chief Compensation Officer or Compensation Director can reach or exceed $500,000 annually, especially in large corporations or industries with high compensation packages. These positions often require extensive experience, advanced certifications, and expertise in data analysis, market trends, and compensation strategy.
What cities in Indiana are hiring for Compensation Data Analytics jobs? Cities in Indiana with the most Compensation Data Analytics job openings:
Data Scientist Analyst

Data Scientist Analyst

Elevance Health

Indianapolis, IN • On-site, Remote

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago


Elevance Health rating

7.7

Company rating: 7.7 out of 10

Based on 348 frontline employees who took The Breakroom Quiz

184th of 281 rated insurance


Job description

Data Scientist Analyst

Location: This role requires associates to be in-office 1 day per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Ideal candidates will be able to report to one of our Pulse Point locations in Indianapolis, IN, Louisville, KY or Waukesha, WI. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

As a Data Scientist Analyst, you will support the development of innovative analytics and AI solutions that uncover early signals in cost trends across Medicaid, Medicare, Local Group, and Individual markets. You'll collaborate with actuaries, finance leaders, and business stakeholders to enhance decision-making through advanced modeling, automation, and insight delivery.

In this role, you will help modernize how emerging cost drivers are detected using real-time data, AI-powered insights, and dynamic tools to support critical decisions for executive, actuarial, and financial audiences. Join us to shape the future of health cost forecasting.

How you will make an impact:

  • Develop and implement predictive models, trend detection algorithms, and statistical analyses using weekly claims, pharmacy, lab, and authorization data to identify emerging cost drivers.

  • Apply machine learning and AI techniques to uncover leading indicators of health utilization trends and improve predictive accuracy of actuarial and financial models.

  • Build and enhance interactive dashboards and executive tools that translate complex data into actionable insights for business and finance leaders.

  • Design and implement scalable machine learning models and LLM-based solutions.

  • Apply NLP techniques and prompt engineering to build conversational and generative AI systems.

  • Develop APIs using FastAPI or Flask for model serving and integration.

  • Execute algorithms to address specific business problems under the direction of team lead or manager.

  • Work with datasets of moderate size and complexity.

  • Develop visualization of analysis output for business users and publish results under the direction of team lead or manager.

  • Support the evolution of early-warning systems and automation for trend monitoring and reporting across multiple lines of business.

  • Translate model outputs and statistical insights into clear business narratives that inform planning, pricing, and strategic actions.

Minimum Requirements:

Requires a Bachelor's degree in Statistics, Computer Science, Mathematics, Machine Learning, Econometrics, Physics, Biostatistics or related Quantitative disciplines and 1 or more years of experience in predictive analytics or equivalent; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities & Experiences:

  • Prior experience in healthcare analytics or trend analysis is a strong advantage highly preferred.

  • Proven ability to communicate technical findings and complex concepts to a non-technical audience and develop compelling visual narratives highly preferred.

  • Proficiency with Python, R, SQL, or similar tools to manipulate large, complex healthcare data sets highly preferred.

  • Experience with data visualization platforms (Power BI, Tableau, or equivalent) preferred.

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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