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From the employer's careers site First seen 5 Nov 2026

Senior Compensation Analyst

CVS Health senior full-time

Salary

$46,988 - $112,200 per year

Apply on CVS Health

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

Nice to have

Ready to apply?

You apply with the employer directly. Their original posting is here: https://cvshealth.wd1.myworkdayjobs.com/en-US/CVS_Health_Careers/job/RI---Woonsocket/Sr-Analyst-Compensation_R1079721

Apply on CVS Health