# Senior Compensation Analyst

**Company**: CVS Health
**Experience**: senior
**Job type**: full-time
**Salary**: $46,988.00 - $112,200.00
**Category**: Human Resources
**Industry**: Healthcare

**Apply**: https://cvshealth.wd1.myworkdayjobs.com/en-US/CVS_Health_Careers/job/RI---Woonsocket/Sr-Analyst-Compensation_R1079721?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_cf0e9820-410

## Description

We're building a world of health around every individual , shaping a more connected, convenient and compassionate health experience.

The Senior Compensation Analyst is an experienced professional individual contributor that provides consultation, and analytical, project, & operational support to the Compensation team.

**Key Responsibilities**

**Market Studies, Salary Reviews, and Governance**

- Conduct market pricing, peer cuts and benchmarking using multiple survey and data sources.

- Analyze and age survey data, apply geographic differentials, and recommend competitive pay ranges and structures.

- Support the annual merit, bonus, and off-cycle salary review processes, including data preparation, modeling, budget tracking, and quality checks.

- Review pay actions (hires, promotions, transfers, and adjustments) for adherence to compensation guidelines, internal equity, and range placement.

- Evaluate internal equity, pay positioning, and compensation-related trends.

- Support compensation governance by maintaining policies, pay action / job catalog, guidelines, approval workflows, and audit-ready documentation.

- Provide routine compensation guidance to HR Business Partners.

**Data Analysis and Reporting**

- Build, maintain, and automate recurring and ad hoc compensation reports using Market Pay, Workday, compensation software, and human capital analytics tools.

- Develop reports, models, presentations, and workforce insights to support decision-making.

- Analyze workforce and pay data to identify trends, outliers, compression, and equity concerns, and translate findings into clear recommendations.

- Perform data validation and integrity checks across HRIS and compensation systems.

- Prepare executive-ready summaries and visualizations for the Director, Senior Managers, HR Business Partners, and business leaders.

- Respond to data requests with accuracy, timeliness, and appropriate confidentiality.

**Job Evaluations**

- Assist with job evaluations for new and changed positions using the organisation's job leveling and evaluation methodology.

- Review job descriptions for accuracy and consistency and partner with HR Business Partners and Compensation team to gather information.

- Recommend job levels, grades and market matches, and document the rationale.

- Support leveling and calibration discussions to promote internal equity and consistency.

**Compensation Projects**

- Manage project timelines, deliverables, and stakeholder communications for assigned work.

- Draft documentation, process guides, and presentation materials to support project rollout.

- Identify opportunities to streamline processes and improve consistency across compensation programs.

**Required Qualifications**

- 3+ years of progressive experience in HR, with a focus on compensation or total rewards.

- Experience leveraging HR, compensation, and workforce data to drive insights and recommendations.

- Strong analytical, reporting, and data modeling skills with the ability to work with large datasets.

- Experience developing reports, dashboards, and visualizations to support business decision-making.

- Ability to optimize technology solutions that support compensation administration, analytics, and reporting.

- Strong problem-solving, critical thinking, and attention to detail.

- Advanced Excel skills, including modeling, pivot tables, lookups, and data validation.

**Preferred Qualifications**

- Certified Compensation Professional (CCP) or progress toward certification.

- Experience with Workday (HCM and/or Compensation), including reporting and data extraction.

- Experience using compensation survey and market pricing tools, such as Payfactors, MarketPay, ERI, and WIN.

- Familiarity with compensation administration and human capital analytics platforms, including WTW and Aon solutions.

- Experience with data visualization tools such as Tableau, Power BI, or similar platforms.

- Experience supporting annual compensation cycles in a large or complex organisation.

**Core Competencies**

- Analytical thinking: Turns complex data into clear, actionable insights.

- Problem solving: Identifies issues, evaluates alternatives and recommends practical solutions.

- Communication & Influence: Translates analyses into concise business recommendations.

- Collaboration: Works effectively with multiple senior stakeholders and cross-functional teams.

- Prioritization: Manages competing requests and deadlines with composure.

- Integrity: Handles sensitive compensation data with discretion and professionalism.

- Continuous improvement: Looks for ways to improve processes, accuracy, and efficiency.

**Education**

- Bachelor’s degree in human resources, Business, Finance, Economics, Statistics, or a related field (or equivalent experience).

**Anticipated Weekly Hours**

- 40

**Time Type**

- Full time

**Pay Range**

- $46,988.00 - $112,200.00

## Skills

### Required
- HR
- compensation
- analytical
- reporting
- data modeling
- Excel
- problem-solving
- critical thinking

### Nice to have
- Certified Compensation Professional (CCP)
- Workday
- Payfactors
- MarketPay
- ERI
- WIN
- Tableau
- Power BI

---

Source: [Apply at cvshealth.wd1.myworkdayjobs.com](https://cvshealth.wd1.myworkdayjobs.com/en-US/CVS_Health_Careers/job/RI---Woonsocket/Sr-Analyst-Compensation_R1079721?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)