About Company
Shaping the future of fair and competitive compensation, Career.zycto stands as a dynamic organization committed to fostering a rewarding environment for its people. We believe that robust, data-driven compensation strategies are pivotal to attracting, retaining, and motivating top talent. For a Compensation Analyst, this means joining a team where your expertise directly impacts employee satisfaction and organizational success. We thrive on innovation, embrace analytical rigor, and prioritize a culture of growth. Here, your insights will be valued, contributing to strategic decisions that ensure our reward systems remain market-leading and equitable, making Career.zycto the ideal place to advance your career.
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Job Description
The role of Compensation Analyst at Career.zycto offers an exciting opportunity for a detail-oriented and analytically-minded professional to play a pivotal role in designing, implementing, and administering our comprehensive compensation programs. Based in our vibrant North Nanaimo office, you will be instrumental in ensuring our compensation structures are not only highly competitive within the market but also fair and equitable across all levels of our organization. This position is central to our commitment to attracting, motivating, and retaining top-tier talent through strategic reward initiatives that truly make a difference.
As a key member of our HR team, you will dive deep into market data, conduct comprehensive salary surveys, and perform in-depth analyses to inform our critical compensation decisions. Your responsibilities will include collaborating closely with HR business partners, talent acquisition specialists, and leadership teams to provide expert guidance on job evaluations, salary benchmarking, and incentive plan design. You will be a trusted advisor, translating complex compensation principles into actionable recommendations that support our business goals. Your work will directly support the development and refinement of compensation policies and practices that align seamlessly with our strategic objectives and comply with all relevant provincial and federal regulations.
This is more than just a data analysis role; it’s a strategic opportunity to profoundly influence our people strategy and contribute to a positive employee experience. You will be responsible for preparing insightful reports and compelling presentations, communicating complex compensation information clearly and concisely to various stakeholders, from individual contributors to senior executives. We expect you to be proactive in identifying emerging compensation trends, recommending innovative improvements to existing programs, and contributing to the continuous evolution of our total rewards philosophy. Success in this role requires a keen eye for detail, robust analytical capabilities, excellent interpersonal and communication skills, and an unwavering passion for creating fair, transparent, and motivating compensation systems. Join us at Career.zycto and help us build a compensation framework that empowers our employees, fosters engagement, and ultimately drives organizational excellence. We foster a collaborative environment where professional development is actively encouraged, and your meaningful contributions are genuinely recognized and rewarded.
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Key Responsibilities
- Conduct comprehensive market research and salary surveys to ensure competitive compensation structures.
- Perform detailed job evaluations and analyze job descriptions to determine appropriate salary grades and classifications.
- Develop and maintain compensation structures, including salary ranges, merit matrices, and incentive plans.
- Provide expert guidance and support to HR Business Partners and management on compensation-related matters, including new hire offers, promotions, and retention strategies.
- Analyze compensation data, identify trends, and prepare insightful reports and presentations for various stakeholders.
- Participate in the annual compensation review process, including budgeting, planning, and administration of salary increases and bonus payouts.
- Ensure compliance with all relevant federal, provincial, and local compensation regulations and legislation.
- Contribute to the development and documentation of compensation policies and procedures.
- Assist in the design and implementation of new compensation programs and initiatives.
Required Skills
- Proven experience as a Compensation Analyst or in a similar analytical HR role.
- Strong analytical and quantitative skills with proficiency in Microsoft Excel (e.g., pivot tables, VLOOKUPs, advanced formulas).
- In-depth knowledge of compensation principles, practices, and market benchmarking methodologies.
- Familiarity with HRIS and compensation management systems.
- Excellent written and verbal communication skills, with the ability to present complex data clearly.
- High level of attention to detail and accuracy.
- Ability to work independently and collaboratively in a fast-paced environment.
- Strong problem-solving and critical thinking abilities.
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
Preferred Qualifications
- Certified Compensation Professional (CCP) designation or in progress.
- Experience with a global or multi-national organization's compensation practices.
- Knowledge of Canadian employment law and specific BC regulations related to compensation.
- Experience with advanced statistical analysis software or tools.
- Master's degree in a relevant discipline.
Perks & Benefits
- Competitive salary and comprehensive benefits package.
- Extended health, dental, and vision care.
- Generous paid time off and holidays.
- Opportunities for professional development and continuous learning.
- Matched RRSP contribution plan.
- Employee assistance program (EAP).
- Collaborative and supportive work environment.
- Modern office located in North Nanaimo with ample parking.
- Wellness programs and initiatives.
How to Apply
Interested candidates are encouraged to submit their resume and a cover letter outlining their qualifications and experience. Please ensure your application highlights your experience in compensation analysis and your passion for fostering fair and competitive reward systems. Click on the application link below to apply directly.
