Compensation Analyst

As a Compensation Analyst at Fifth Third Bank, you will play a key role in developing and implementing the bank's compensation strategies and programs. You will be responsible for researching and analyzing market data, providing recommendations for competitive compensation strategies, and ensuring compliance with applicable laws and regulations.We are looking for a Compensation Analyst who has an understanding of compensation principles and practices, experience in the banking industry, and a strong analytical background. The ideal candidate will also be driven, detail-oriented, and possess excellent interpersonal, organizational, and communication skills.If you are passionate about compensation and have the qualifications to be successful in this role, we'd love to hear from you!

Responsibilities:

1. Develop and implement the bank's compensation strategies and programs.
2. Research and analyze market data to provide recommendations for competitive compensation strategies.
3. Ensure compliance with applicable laws and regulations.
4. Analyze employee data to identify trends in salary structure and compensation practices.
5. Develop and maintain compensation policies and procedures.
6. Prepare reports to present to senior management.
7. Develop and maintain job descriptions and job evaluations.
8. Analyze job requirements to determine salaries and benefits.
9. Participate in salary surveys to compare compensation and benefits with other companies.
10. Assist with budgeting and forecasting of compensation and benefits.
11. Stay informed of current trends and developments in the field of compensation and benefits.
12. Serve as a resource to human resources staff and managers regarding compensation and benefits.

According to JobzMall, the average salary range for a Compensation Analyst in Cincinnati, OH, USA is between $48,700 - $85,700 per year. This range may vary depending on factors such as experience, education, and employer.

Fifth Third Bank is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. Its main businesses are Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management.