Senior Compensation Analyst

Company Description

Job Description

WHAT YOU’LL DO​

As a Senior Compensation Analyst in the HR function, you will drive the optimization of compensation processes, utilizing data analytics to deliver strategic insights that support the design, implementation, and management of comprehensive compensation programs for USA and Canada, including Puerto Rico. This role involves evaluating internal and external compensation data, ensuring pay equity, efficiently administering compensation practices, and contributing to the design of competitive and equitable compensation structures.

This hybrid role reports into our Compensation Lead and is based out of the New Jersey or New Jersey Support Office.

A Day in the Life

Working at H&M means no two days are ever the same, but a typical day will include the following responsibilities*

• Analyze external salary data to make informed recommendations on salary ranges and adjustments and perform geographical cost of living and cost of labor analysis
• Leverage data analytics to evaluate the impact and effectiveness of compensation programs, providing actionable, data-driven insights and strategic recommendations for continuous improvement
• Support in preparing comprehensive reports and presentations to senior leadership, highlighting compensation trends, market benchmarks, and program performance to inform decision-making and align with organizational objectives
• Evaluate and classify positions within the organization based on job responsibilities, skills, and market data
• Conduct job evaluations and market pricing for positions across all levels, ensuring alignment with internal structures and external benchmarks
• Support the education and training of HR partners on best practices and strategic approaches to merit increases, promotions, and other compensation adjustments, ensuring alignment with organizational goals, pay equity standards, and market competitiveness
• Provide mentorship and guidance to Compensation Analyst, supporting their development in compensation practice
• Manage the implementation of the annual compensation planning process
• Collaborate with HR stakeholders to identify process improvement opportunities and define ownership of responsibilities across the team, driving efficiency and alignment with organizational goal
• Lead compensation programs analysis related to bonuses and incentives
• Identify opportunities to align job descriptions with internal and external market practices
• Stay abreast of regulations and laws for USA, Canada and Puerto Rico related to compensation and ensure that compensation practices comply with all relevant laws and regulations
• Coordinate project planning for scheduled and ad hoc initiatives
• Conduct analyses to ensure pay equity within the organization, identifying and addressing any disparities and collaborate with HR and leadership to develop strategies for maintaining equitable pay practices
• Up to 5% domestic travel may be required

Qualifications

WHO YOU ARE​

We are looking for people with…​

• 2-4 years' experience in compensation analysis, job evaluation, and market pricing
• Strong proficiency in data analysis tools and intermediate to advanced skills with Microsoft Excel
• Familiarity with compensation survey methodologies and participation
• Enthusiastic, curious and driven to learn
• Ability to handle sensitive and confidential information with discretion
• Knowledge of compensation laws, regulations, and best practices, particularly for USA, Canada, and Puerto Rico

WHO WE ARE​

H&M Group is a global company of strong fashion brands and ventures. Our goal is to prove that there is no compromise between exceptional design, affordable prices, and sustainable solutions. We want to liberate fashion for the many, and our customers are at the heart of every decision we make.​

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We are made up of thousands of passionate and talented colleagues united by our shared culture and values. Together, we want to use our power, our scale, and our knowledge to push the fashion industry towards a more inclusive and sustainable future. ​

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WHY YOU’LL LOVE WORKING HERE ​
At H&M Group, we are proud to be a vibrant and welcoming company. We offer our employees attractive benefits with extensive development opportunities around the globe. ​

• We value diverse backgrounds, including but not limited to race, ethnicity, gender, age, religion, sexual orientation, and disability
• We pride ourselves on being a values-drive