Sr Compensation Analyst (Full Time Remote or Hybrid)

Minneapolis, Minnesota
Jan 21, 2022
Feb 04, 2022
Employment Status
Full Time

About Us:

As a Fortune 50 company with more than 350,000 team members worldwide, Target is an iconic brand and one of America's leading retailers.

Working at Target means the opportunity to help all families discover the joy of everyday life. Caring for our communities is woven into who we are, and we invest in the places we collectively live, work and play. We prioritize relationships, fuel and develop talent by creating growth opportunities, and succeed as one Target team. At our core, our purpose is ingrained in who we are, what we value, and how we work. It's how we care, grow, and win together.

Target Human Resources is well known for its signature ability to build the very best teams, and we infuse our work with Target's distinctive retail brand by continuously experimenting, evolving and innovating. With the chance to positively impact nearly 350,000 people worldwide in our stores, distribution centers and headquarters, you'll be a strategic partner to both the leaders and the team members who elevate and nurture the Target guest experience. Our dynamic, passionate and responsive team comprises specialized people-professionals from several diverse disciplines. We operate behind the scenes to create a progressive culture of value, respect, reward and professional advancement.

A role with Pay and Benefits is all about the numbers. You'll produce extensive benchmarking, rigorous market research and analysis to inform the right compensation mix for roles across the company. Your point of view will be directly applied to keeping Target competitive and standing out in the sea of other places candidates can choose. You'll develop great relationships with our vendors to get the most out of our systems and resources. And you'll help team members understand their compensation.

As a Sr. Compensation Analyst, you will provide professional level compensation analysis and support for Target's global compensation processes and programs. This role will partner with other members of the compensation team to effectively execute on strategic initiatives so that Target can attract, motivate and reward our talent. This will include managing our survey strategy and planning, data analysis for market review, MarketPay system administration and process and data support for all compensation processes and projects.
  • Salary survey strategy and planning - responsible for identifying the right surveys for Target to participate in and ensuring there is a plan built to gather and report all data needed to complete the surveys
  • MarketPay System Administrator - ensures all survey results, team member data, job data, and pay structures in the system are up-to-date and accurate. Vendor manager for MarketPay and primary liaison to our vendor representative. Gathers and suggest enhancements on behalf of Target
  • Market Review Analyst - Evaluates and analyzes market data and research to determine competitive positioning of our salary ranges and pay programs. Utilizes analytical insights to develop and present meaningful recommendations. Supports complex research and analysis associated with special compensation programs or projects. Prepares special market analysis as requested.
  • Provides ad hoc data requests to compensation staff in a timely and accurate manner.
  • Monitor compensation market trends to ensure market competitiveness
  • Provide support to the Annual Performance and Pay process including system testing, and management of our HR & Leader support model.
  • Manage or contribute to special projects as needed

About you:
  • Experience working with compensation surveys and survey vendors
  • Strong experience working with HR Data & Systems (e.g. Workday)
  • Strong critical thinking skills and the ability to gather, analyze and organize data
  • Ability to analyze data to make effective decisions
  • Technical aptitude & curiosity to learn new tools
  • Demonstrated ability to collaborate effectively across functions (e.g. HR, Data, Tech)
  • Strong attention to detail
  • Advanced Excel skills
  • Strategic thinker that can effectively present ideas to all levels of the organization
  • 4 year college degree or equivalent experience
  • 3 - 5 years of Compensation experience

This position may be considered for a Full-Time Remote or Hybrid work arrangement based on Target's needs. A Hybrid work arrangement means the team members core role will be a blend of virtual and onsite at a Target location. A Full-Time Remote work arrangement means the team member works full-time from home or an alternate location that's not a Target location, does not have a desk at their primary HQ work location and may travel to HQ up to 4 times a year.

Colorado, Connecticut or Nevada Residents Only: The salary range for Colorado, Connecticut or Nevada residents is $62,500k to $112,500k. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Find competitive benefits from financial and education to well-being and beyond.

Americans with Disabilities Act (ADA)

Target will provide reasonable accommodations (such as a qualified sign language interpreter or other personal assistance) with the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, please visit your nearest Target store or Distribution Center or reach out to Guest Services at 1-800-440-0680 for additional information.


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