Compensation Analyst

Responsibilities

• Compensation Consulting & Administration
• Partner with leaders and HR to provide guidance on promotions, hiring decisions, pay adjustments, and job leveling
• Conduct job evaluations and maintain job architecture and internal grading structures
• Review new and revised roles and recommend appropriate salary ranges and levels
• Support market pricing and benchmarking using external survey data
• Maintain compensation data and records in HR systems (Workday/SAP)
• Annual Compensation Processes
• Support annual merit, promotion, and incentive planning cycles
• Conduct market benchmarking and geo-differential analysis
• Assist with system configuration, testing, and compensation statement setup (Workday)
• Prepare compensation analyses, reports, and budget recommendations
• Develop manager guides, timelines, and employee-facing communication materials
• Incentive Compensation Programs (ICP & Sales Compensation)
• Administer incentive and sales compensation plans including setup, tracking, and payouts
• Partner with Finance and leadership on ICP design updates and annual plan changes
• Load, test, and validate incentive data and system configurations
• Perform audits to ensure accuracy and compliance
• Prepare communication materials for leadership and participants
• Payroll, Finance & Compliance
• Partner with Payroll and Finance to support payments, deductions, and reporting
• Conduct audits including minimum wage reviews and termination payment eligibility
• Ensure compliance with laws, policies, and governance standards
• Maintain accurate documentation and reporting for leadership
• Communication & HR Business Partner Support
• Serve as a primary compensation resource for HR Business Partners
• Provide analytical support for offers, promotions, transfers, and equity reviews
• Develop communication materials, guides, and training resources
• Support change management initiatives
• Capabilities & Skills:
• Strong knowledge of compensation principles, job evaluation, and pay structures
• Advanced analytical and modeling skills with attention to detail
• Proficiency in Workday, SAP, and Excel
• Strong consultative communication skills
• Ability to manage multiple priorities and deadlines

Requirements

• Bachelor's degree in HR, Finance, Business, Economics, or related field
• 1+ years of experience in compensation, HR analytics, or related field
• Experience supporting compensation programs and data analysis
• We Would Also Prefer:
• Experience with incentive plans, market pricing, and CCP certification
• Success Measures:
• Accuracy of compensation data and market pricing
• Timely delivery of annual compensation cycles
• Accuracy of incentive plan administration
• Leader and HR partner satisfaction
• Strong compliance and audit outcomes

Benefits

Additional Information

Taylor Corporation is a dynamic, diversified company with big plans for the future - and your career. We power our employees' potential and strive to create opportunity and security for every member of the team. If you're ready for something bigger - more challenge, more variety, more pathways for professional growth - we should talk. We're passionate about our work, we believe there is always a better way, and we're looking for people like you. Ready to reach your potential? It's time to look at Taylor. Your Opportunity: Taylor Corporation is looking for a Compensation Analyst in North Mankato, MN! The Compensation Analyst supports the administration, analysis, and continuous improvement of Taylor's compensation programs. Will partner with HR, Finance, and business leaders to ensure pay practices are competitive, equitable, compliant, and aligned with business objectives. The role designs and administers compensation programs, including base pay and incentives, and develops and maintains pay structures, salary grades, and guidelines to support informed pay decisions. This position provides analytical and consultative support across job architecture, job evaluation, market benchmarking, and annual compensation cycles. It conducts market analysis, supports compensation surveys and incentive programs, and ensures accurate, compliant execution of compensation changes. Serving as a trusted advisor, the role also develops communication materials and translates data into clear insights for leaders. Work Authorization: To be considered for the Taylor opportunities, candidates must be authorized to work in the United States without the need for employer sponsorship.

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