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Financial Compensation Analyst Jobs in Minnesota

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Financial Compensation Analyst information

Is a financial compensation analyst a good career?

A financial compensation analyst is a professional who evaluates salary structures and benefits to ensure competitiveness and compliance. The role typically requires strong analytical skills, knowledge of compensation practices, and proficiency with data analysis tools. It can offer stable employment and opportunities for advancement in finance and human resources departments.

What are some common challenges faced by financial compensation analysts, and how can they be addressed on the job?

Financial Compensation Analysts often encounter challenges such as managing large volumes of sensitive data, keeping up with evolving compensation trends, and ensuring compliance with relevant regulations. To address these, analysts typically use specialized HR and compensation software, collaborate closely with HR and finance teams, and participate in ongoing professional development. Proactive communication and analytical skills are key to providing accurate pay recommendations and supporting fair compensation practices.

What is the difference between Financial Compensation Analyst vs Compensation Analyst?

AspectFinancial Compensation AnalystCompensation Analyst
Required CredentialsBachelor's in Finance, HR, or related field; certifications like CCP or CBPBachelor's in HR, Business, or related; certifications like CCP or CBP
Work EnvironmentFinance departments, corporate offices, consulting firmsHR departments, corporate offices, consulting firms
Employer & Industry UsageFinancial services, corporate finance, consultingHuman resources, corporate, consulting
Common Search & ComparisonYesYes

The main difference between a Financial Compensation Analyst and a Compensation Analyst lies in their focus areas. Financial Compensation Analysts typically work within finance or corporate finance departments, emphasizing the financial impact of compensation strategies. Compensation Analysts focus on HR and employee compensation programs. Both roles require similar certifications and often operate in similar environments, but their primary focus and industry usage differ slightly.

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

To thrive as a Financial Compensation Analyst, you need strong analytical skills, knowledge of compensation theory, and a background in finance, accounting, or human resources, often supported by a relevant degree. Proficiency in Excel, HRIS systems, and compensation benchmarking tools, as well as certifications like CCP (Certified Compensation Professional), are commonly required. Attention to detail, strong communication abilities, and discretion with sensitive data are essential soft skills for this role. These skills and qualities are crucial for accurately evaluating compensation strategies, ensuring compliance, and supporting organizational competitiveness in talent management.

What does a financial compensation analyst do?

A Financial Compensation Analyst is responsible for analyzing, developing, and administering a company's compensation programs, such as salaries, bonuses, and incentives. They ensure that compensation practices are competitive, fair, and comply with legal requirements. Their work involves researching market trends, conducting salary surveys, and providing recommendations to management on pay structures and policies. The goal is to attract, motivate, and retain talent while maintaining the organization's financial health.

What are popular job titles related to Financial Compensation Analyst jobs in Minnesota?

For Financial Compensation Analyst jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Financial Compensation Analyst jobs in Minnesota look for?

The top searched job categories for Financial Compensation Analyst jobs in Minnesota are:

What cities in Minnesota are hiring for Financial Compensation Analyst jobs?

Cities in Minnesota with the most Financial Compensation Analyst job openings:

$67K - $84K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New


Presbyterian Homes & Services rating

7.4

Company rating: 7.4 out of 10

Based on 74 frontline employees who took The Breakroom Quiz

17th of 240 rated social care providers


Job description

Come join a growing organization with an incredible mission!

Presbyterian Homes & Services is seeking a Compensation Analyst to support and advance our compensation strategy across a complex, multi-state healthcare organization. This is an exciting opportunity for a compensation professional who enjoys blending analytics, job architecture, market research, and strategic problem-solving to help attract, retain, and reward employees who make a difference every day.

Reporting to the Benefits and Compensation Manager, the Compensation Analyst will assist in the development, implementation, administration, and continuous improvement of compensation programs, policies, and practices. The ideal candidate will bring strong analytical skills, experience with job architecture and job evaluation methodologies, and a solid understanding of compensation practices that support a diverse, multi-state workforce.

This is a hybrid position and will work in office 2 days per week in Roseville, MN.


  • Support compensation programs that align with PHS's total rewards strategy, compensation philosophy, and organizational goals.
  • Conduct market pricing, compensation analyses, and benchmark studies to ensure competitive and equitable pay practices.
  • Lead job evaluations and support the development and maintenance of PHS's job architecture, including job families, career paths, and salary structures.
  • Review and maintain job descriptions to ensure consistency, accuracy, and compliance with applicable regulations.
  • Analyze compensation data and provide recommendations related to salary offers, market adjustments, pay equity, and organizational changes.
  • Participate in compensation surveys and monitor market trends to support compensation planning and decision-making.
  • Assist with annual compensation processes, including merit increases, salary structure reviews, and pay practice evaluations.
  • Partner with HR leaders, hiring managers, and operational leaders to provide compensation guidance and support.
  • Ensure compliance with federal and state wage and hour regulations, compensation policies, and pay practices.
  • Maintain compensation data and support position management activities within HR systems.
  • Develop reports, presentations, and recommendations to support compensation projects and strategic initiatives.
  • Provide training and guidance to leaders and HR partners on compensation programs, job evaluation, and pay practices.
  • Support special compensation projects and other Total Rewards initiatives as assigned.

  • Bachelor’s Degree ideally in Human Resources, Business Administration, finance, economics, statistics, mathematics or related field or equivalent experience.
  • Professional in Human Resources (PHR) certification or Certified Compensation Professional (CCP) preferred.
  • Minimum two years Compensation experience including compensation design, administration, and data analysis with knowledge of Human Resources principles and best practices in compensation including job analysis and evaluation.
  • One to two years of business-related experience is preferred, preferably involving data analysis and financial modeling.
  • Technical knowledge and experience working in HR information systems (e.g., Ceridian Dayforce), and with Microsoft Suite.
  • Experience with various salary survey tools.
  • Experience working in multi-state, multi-site health care-related firm is preferred.
  • Strong critical thinking skills and the ability to:
    • Gather, analyze and organize data using a logical and systematic process
    • Ascertain relevant and irrelevant data when conducting analytical work
    • Visualize and articulate problems and concepts in a systematic manner
    • Recognize patterns and issues in sets of data
    • Identify obstacles impeding project progression
  • Ability to present ideas in a business-friendly language and tailor communications, formal or informal, to the audience.
  • Flexibility, adaptability and the ability to work under tight deadlines or changing needs; strong attention to detail.
  • Confidence and ability to work independently as well as in a team structure.
  • Demonstrated ability to read, write, speak, and understand the English language to communicate with all customers.
  • Demonstrated compatibility with PHS’ mission and operating philosophies.

The estimated starting pay range for this role is $67,496 - $84,365 per year. This good faith estimate is based upon PHSs typical starting pay range for this role. Actual pay range depends upon many factors including each individual employees qualifications and market conditions and is subject to change.

Full-time benefits-eligible employment begins at a minimum of 30 hours per week:

  • Health, and dental, including applicable HSA & FSA
  • Employer Contribution to HSA for eligible Health Plans
  • Life insurance (AD&D)
  • Retirement, with eligibility for an employer match
  • Holiday pay and extended sick

Full and Part-time benefits-eligible employment working between 20-29 hours per week:

  • Vision insurance
  • Voluntary short-term & long-term disability
  • Accident & hospitalization coverage
  • Education assistance programs


All employees:

  • Accrue PTO (Paid time off)
  • Same-day pay
  • Employee assistance program (EAP)
  • College partnership educational discounts
  • Access to Learn to Live Resources

Presbyterian Homes & Services (PHS), based in St. Paul, Minnesota, is a nonprofit, faith-based organization providing a broad array of high-quality housing choices, care and services options for older adults. Some 8,000 employees serve more than 41,800 older adults through 60 PHS-affiliated senior living communities in Minnesota, Iowa and Wisconsin, and through Optage® home and community services. PHS is also co-owner of Genevive, the largest geriatric primary care practice in Minnesota, providing comprehensive care for more than 15,500 older adults. Established in 1955, PHS has earned the reputation as an innovative leader dedicated to promoting independence, purposeful living and the overall well-being for those they serve. Today, PHS is one of the largest nonprofit providers of senior housing and services in the nation.

PHS is an EEO/AA employer. All applicants will receive consideration for employment regardless of their race, color, creed, religion, national origin, sex, sexual orientation, disability, age, marital status, or status with regard to public assistance.


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