Compensation Analyst interview questions
Your high-quality candidate will be super experienced in payroll and may have an HR degree to boot. They’ll be awesome at handling sensitive info and managing salary spreadsheets, and will have a great eye for detail when it comes to spotting mistakes.
- Look for experience: Look out for knowledge of compensation and benefits packages, and labor legislation, and test for system knowledge with tech assignments.
- Grow together: Hire candidates you can grow with by making sure their personal career goals align with your company's mission.
Problem solving interview questions
- In the next year, we plan to hire X senior-level employees and Y junior employees. If our annual turnover rate is Z%, how would you calculate next year’s payroll expense budget? What other info would you need to be super accurate?
- How would you modify a prospective hire’s comp package, if they’re after a higher salary?
- If an employee was underpaid, would you compensate the difference asap or add it to next month’s payroll? Why?
- How would you identify a gender pay gap?
Role-specific interview questions
- How would you conduct a compensation analysis for a specific role?
- How do you make sure your data entry is super accurate?
- What’s included in local taxes withholdings?
- What payroll software have you used before?
Behavioral interview questions
- How do you stay up-to-date with changes in labor legislation?
- How would you proactively identify a payroll error?
- How do you simply explain financial and insurance details to employees?
- What’s the biggest challenge you’ve dealt with? What happened?