M
Not Specified Permanent

Irving, Texas · USA job

Compensation Analyst

Michaels Stores

Irving, Texas

Job description

Overview

As a Compensation Analyst, you will support core compensation programs to ensure external competitiveness and internal equity. You will partner with Total Rewards to analyze market data, manage surveys, and maintain data integrity across systems. Your work informs salary structures, minimum wage compliance, and offers for Retail Store roles, shaping fair pay practices. You will collaborate with cross-functional partners to drive accurate reporting and impactful insights. This role offers immediate impact in a data driven, compliance oriented team.

Compensation / Benefits
  • 401(k) with employer match
  • Medical, dental, and vision coverage
  • Employee Assistance Program
  • Tuition assistance
  • Commuter benefits
  • Discounts for employees
Responsibilities
  • Market pricing, salary administration, and FLSA assessments to define salary grades and pricing.
  • Survey management for annual and ad hoc market surveys and use results for planning and evaluations.
  • Monitor and implement minimum wage changes across locations for compliance.
  • Assess and recommend compensation for Retail Store offers in collaboration with Talent Acquisition and HRBP.
  • Conduct internal peer equity audits and weekly compensation audits to ensure equity and compliance.
  • Maintain compensation data (job profiles, salary structures, incentive plans) in Workday and other systems of record.
  • Generate ad-hoc reports and analyses (average pay, compression, changes) as requested.
  • Assist with annual cycles and variable pay programs (Bonus, Merit, Commission)
Key requirements
  • BS in Business or related field (or equivalent work experience)
  • 2-4 years of related compensation HR experience
  • Proficient in Microsoft Excel
  • Working knowledge of Workday and Payfactors
  • Analytical mindset with high accuracy and confidentiality
  • Ability to work independently and manage competing priorities
  • Analytical mindset
  • Autonomy/independence
  • Timeliness and confidentiality
  • Excel for data modeling and analysis
  • Workday
  • Payfactors

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