Analysis Skills, Benchmarking, Compensation Analysis, Compensation and Benefits, Documentation, Federal Laws and Regulations, Finance, HRIS/HRMS, Human Resources, Identify Issues, Leadership, Maintain Compliance, Market Analysis, Market Trend Analysis, Pricing, Product Positioning, Regulatory Compliance, Reporting Dashboards, Retail, Sales, State Laws and Regulations
Compensation Analyst
The Compensation Analyst will be a key partner in shaping competitive and innovative total compensation programs that attract and retain top talent across multiple states. This role ensures our pay practices reflect our brand's prestige while driving performance and compliance. We believe that rewarding talent is as important as inspiring it and design compensation programs that recognize performance, foster growth, and celebrate success.
Core Accountabilites
Total Compensation Strategy
- Design and administer comprehensive compensation programs, including base pay, incentive plans, and commission structures tailored for luxury retail environments.
- Collaborate with HR and leadership to align programs with business objectives and brand values.
- Work autonomously to develop recommendations, troubleshoot problems, and deliver accurate compensation insights with minimal supervision.
Commission Plan Development
- Create and evaluate commission structures for showroom and boutique colleagues to incentivize client engagement and sales excellence.
- Monitor effectiveness and recommend enhancements based on market trends and performance data.
Market Benchmarking & Analysis
- Conduct multi-state market pricing and benchmarking to ensure competitive positioning.
- Prepare compensation surveys and provide insights to inform strategic decisions.
Compliance & Governance
- Ensure adherence to federal, state, and local regulations across multiple jurisdictions.
- Maintain documentation and audit processes for compensation programs.
Reporting & Analytics
- Deliver actionable compensation reports and dashboards to leadership.
- Analyze pay equity and recommend corrective measures as needed.
- All other duties and responsibilities as assigned by manager.
Essential Experience and Attributes
- Bachelor's degree in Human Resources, Finance, Business, or related field.
- 5+ years of experience in compensation analysis, preferably in luxury retail or similar industry.
- Expertise in total compensation programs, including commission structures and incentive plans.
- Multi-state experience with strong knowledge of compliance requirements.
- Advanced Excel and HRIS proficiency; experience with compensation modeling and analytics.
- Exceptional communication and stakeholder management skills.
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Watches of Switzerland Nevada LLC