Company Description
At H&M, our purpose is to liberate fashion for the many. We want to shape a new world in Fashion. A world with one ultimate goal: to unleash your self-expression. As an H&M colleague, you’re encouraged to be yourself & more. You’ll take on new responsibilities from day one, learn skills for life, and find new ways to make your big dreams come true.
Our company is committed to fostering a culture of inclusion and belonging, and we actively seek colleagues who share our commitment.
Job Description
As a
Senior Compensation Analyst in the HR function, you will drive the optimization of compensation processes, utilizing data analytics to deliver strategic insights that support the design, implementation, and management of comprehensive compensation programs for USA and Canada, including Puerto Rico. This role involves evaluating internal and external compensation data, ensuring pay equity, efficiently administering compensation practices, and contributing to the design of competitive and equitable compensation structures.
This hybrid role reports into our Compensation Lead and is based out of the New Jersey or New Jersey Support Office.
A Day in the Life
Working at H&M means no two days are ever the same, but a typical day will include the following responsibilities*
- Analyze external salary data to make informed recommendations on salary ranges and adjustments and perform geographical cost of living and cost of labor analysis
- Leverage data analytics to evaluate the impact and effectiveness of compensation programs, providing actionable, data-driven insights and strategic recommendations for continuous improvement
- Support in preparing comprehensive reports and presentations to senior leadership, highlighting compensation trends, market benchmarks, and program performance to inform decision-making and align with organizational objectives
- Evaluate and classify positions within the organization based on job responsibilities, skills, and market data
- Conduct job evaluations and market pricing for positions across all levels, ensuring alignment with internal structures and external benchmarks
- Support the education and training of HR partners on best practices and strategic approaches to merit increases, promotions, and other compensation adjustments, ensuring alignment with organizational goals, pay equity standards, and market competitiveness
- Provide mentorship and guidance to Compensation Analyst, supporting their development in compensation practice
- Manage the implementation of the annual compensation planning process
- Collaborate with HR stakeholders to identify process improvement opportunities and define ownership of responsibilities across the team, driving efficiency and alignment with organizational goal
- Lead compensation programs analysis related to bonuses and incentives
- Identify opportunities to align job descriptions with internal and external market practices
- Stay abreast of regulations and laws for USA, Canada and Puerto Rico related to compensation and ensure that compensation practices comply with all relevant laws and regulations
- Coordinate project planning for scheduled and ad hoc initiatives
- Conduct analyses to ensure pay equity within the organization, identifying and addressing any disparities and collaborate with HR and leadership to develop strategies for maintaining equitable pay practices
- Up to 5% domestic travel may be required
Qualifications
Who You Are:
- 2-4 years' experience in compensation analysis, job evaluation, and market pricing
- Strong proficiency in data analysis tools and intermediate to advanced skills with Microsoft Excel
- Familiarity with compensation survey methodologies and participation
- Enthusiastic, curious and driven to learn
- Ability to handle sensitive and confidential information with discretion
- Knowledge of compensation laws, regulations, and best practices, particularly for USA, Canada, and Puerto Rico
Why You’ll Love Working at H&M
- We value diverse backgrounds, including but not limited to race, ethnicity, gender, age, religion, sexual orientation, and disability
- We pride ourselves on being a values-driven organization, guided by our 7 unique values that have been part of our success story for over 75 years
- You’ll have access to our Colleague Resource Groups (CRGs) to find community and networking opportunities among colleagues
- We are an inclusive company where you’re encouraged to be yourself at work
- You will have access to a large global talent community, where career growth and aspirations have no limits
- We believe in supporting your overall wellbeing and offer comprehensive benefits inclusive of health insurance, wellness and family support programs, company match 401k, paid leave programs, and paid time off, including a community day to serve your local community
- You’ll be able to express your personal style with our employee discount at H&M, & Other Stories, and COS
Compensation: salary range is $ 86,804 - $ 100,000 annually**
- This job posting highlights the most critical responsibilities and requirements of the job and is not all-inclusive. There may be additional duties, and responsibilities assigned for this job at the company’s discretion.
- H&M, in good faith, has assessed this posted range of compensation as the accurate range for this role and location at the time of this posting. H&M may ultimately pay more or less than the posted range depending on candidate qualifications. This range may be modified in the future.
EEOC Code: PRO
