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Financial Compensation Analyst Jobs in Wisconsin

Generac

Compensation Analyst II

Waukesha, WI

... Administration, Finance, or a related field or a related field. Certification / License Work ... experience in compensation analysis or a related HR role Knowledge / Skills / Abilities ...

Pro Mach

Compensation Manager

Waukesha, WI

... Finance, or related field required; advanced degree preferred. * 8+ years of experience, ideally in a mid- to large-sized organization working with global compensation analysis. * Strong skills in ...

Pro Mach

Compensation Manager

Milwaukee, WI

... Finance, or related field required; advanced degree preferred. * 8+ years of experience, ideally in a mid- to large-sized organization working with global compensation analysis. * Strong skills in ...

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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 Wisconsin? For Financial Compensation Analyst jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Financial Compensation Analyst jobs in Wisconsin look for? The top searched job categories for Financial Compensation Analyst jobs in Wisconsin are:
What cities in Wisconsin are hiring for Financial Compensation Analyst jobs? Cities in Wisconsin with the most Financial Compensation Analyst job openings:
Financial Compensation Analyst jobs near you

Compensation Analyst II

Generac Power Systems, Inc.

Waukesha, WI • On-site

Full-time

Re-posted 3 days ago

Job description

We believe power is a promise - a shared commitment to be there for others when it matters most.
For more than 65 years, we've turned big ideas into solutions that help protect homes, strengthen businesses and build a more resilient, efficient, sustainable energy future.
Ready to Power a Smarter World with us?
Primary Purpose
The Compensation Analyst II is responsible for analyzing, implementing, and maintaining the company's compensation programs. This role involves conducting market research, evaluating job positions, and ensuring that the company's compensation practices are competitive and compliant with legal requirements.
Major Responsibilities
  • Conduct market research and analysis to determine competitive compensation practices.
  • Evaluate jobs and positions to ensure internal equity and external competitiveness.
  • Assist in evaluating and maintaining career/job level architecture and job families.
  • Assist in the developing and implementing compensation policies and procedures.
  • Assist in maintaining company short- and long-term incentive programs.
  • Prepare and present reports on compensation analysis and recommendations.
  • Collaborate with HR and management to address compensation-related issues.
  • Ensure compliance with federal, state, and local compensation laws and regulations.
  • Coordinate salary surveys, analyze survey data to benchmark company positions, and maintain market evaluation datasets.
  • Support the annual compensation review process, including salary adjustments, bonus, and equity distributions.

Minimum Job Requirements
Education
Bachelor's degree (or equivalent knowledge) in Human Resources, Business Administration, Finance, or a related field or a related field.
Certification / License
Work Experience
Three years of experience in compensation analysis or a related HR role
Knowledge / Skills / Abilities
Demonstrated critical thinking, research, analytical, and quantitative skills.
Strong attention to detail, ability to draw conclusions, summarize results, and make effective decisions when working with large data sets from multiple sources.
Proficiency in MS Office applications. Highly proficient with Excel.
Demonstrated understanding of the laws and regulations that affect human resources and compensation.
Ability to handle confidential information with discretion.
Excellent verbal, interpersonal, and written communication skills necessary to interact with staff at all levels of the organization.
Preferred Job Requirements
Education
Certification / License
Work Experience
Knowledge / Skills / Abilities
Experience using HR technology such as Workday, Oracle Cloud HR, or SAP/SuccessFactors.
Experience using compensation administration software such as BetterComp, MarketPay, PayFactors, CompAnalyst, etc.
Experience delivering both compliance-based and consultative compensation solutions to internal clients.
Global compensation experience to include Canada, Mexico, and Europe.
Physical Requirements and Working Conditions
PHYSICAL DEMANDS:
Office Environment (Includes field sales):
While performing the duties of this job, the employee is regularly required to talk and hear; and use hands to manipulate objects or controls. The employee is regularly required to stand and walk. On occasion, the incumbent may be required to stoop, bend, or reach above the shoulders. The employee must occasionally lift up to 25 pounds. Specific conditions of this job are typical of frequent and continuous computer-based work requiring periods of sitting, close vision, and the ability to adjust focus. Occasional travel.
"We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability status, protected veteran status, or any other characteristic protected by law."

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