Compensation Analyst

Compensation Analysts are data and number gurus. They use industry stats and internal goals to figure out top salary structures for your company.

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.

Top tips: 

  • 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? 

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