Compensation Analyst

The Compensation Analyst at Honda is responsible for supporting the administration of salary and pay programmes in line with the company's reward strategy. Key duties include conducting compensation analytics, benchmarking, and levelling roles, as well as administering annual merit and bonus programmes. The role involves consulting on compensation policy, job evaluation, and preparing recommendations based on market data analysis. Candidates must have a Bachelor’s degree in Human Resources or a related field, or equivalent experience, with 0–4 years’ experience based on education. Proficiency in MS Office, especially advanced Excel, and HR System software is required. Strong analytical, communication, and project management skills are essential. Some travel and overtime may be required during peak periods.

The Compensation Analyst at Honda plays a vital role in supporting and guiding the administration of company salary and pay programs in line with the organisation’s reward strategy. This position is responsible for providing compensation decision-making support through research, market studies, and analysis, including compensation analytics, benchmarking, and leveling roles. The Analyst manages multiple compensation projects and programmes, such as annual merit and bonus programmes, and prepares recommendations for leadership. Honda offers a competitive base salary, paid overtime, regional bonuses, industry-leading benefits, paid time off, 401K with company match, relocation assistance, and various wellbeing and career development programmes.

What Makes a Honda, is Who makes a Honda
Honda has a clear vision for the future, and it’s a joyful one. We are looking for individuals with the skills, courage, persistence, and dreams that will help us reach our future-focused goals. At our core is innovation. Honda is constantly innovating and developing solutions to drive our business with record success. We strive to be a company that serves as a source of “power” that supports people around the world who are trying to do things based on their own initiative and that helps people expand their own potential. To this end, Honda strives to realize “the joy and freedom of mobility” by developing new technologies and an innovative approach to achieve a “zero environmental footprint.”

We are looking for qualified individuals with diverse backgrounds, experiences, continuous improvement values, and a strong work ethic to join our team.

If your goals and values align with Honda’s, we want you to join our team to Bring the Future!

Job Purpose

The Compensation Analyst provides ongoing support and guidance in the administration of company salary and pay programs in accordance with the organization’s reward strategy. The Analyst supports compensation decision-making through research, market studies, and analysis. The effort will include compensation analytics, benchmarking and leveling roles. The Analyst administers multiple compensation projects and programs including, but not limited to, annual merit & bonus programs.

Key Accountabilities

• Consults and advises region and leaders regarding compensation policy interpretation, new hire offers, promotions, market analysis, job evaluation, and other compensation projects and initiatives.
• Administers, supports, and provides advice and analysis for annual Compensation processes, including merit, bonus, LSEP, and NE wage increases, as well as equity/market adjustments and promotions.
• Conducts job evaluation and assigns compensation grade per Honda’s job evaluation methodology. Analyses jobs for any applicable premiums (geographic and/or functional).
• Gathers data from market-based compensation surveys and uses spreadsheets and data analysis techniques to assess results and market trends. Prepares and presents recommendations.
• Assists in the design, implementation, and administration of compensation programs and policies.

Qualifications, Experience, and Skills

• Bachelor’s Degree in Human Resources, related field or equivalent experience required.
• 0-4 years’ experience based on education.
• Ability to work independently and meet deadlines.
• Ability to develop analytics from multiple data sources, interpret and analyze trends, and develop meaningful recommendations in a logical concise way.
• Proficient in MS Office software; advanced Excel skills are critical.
• Proficient in HR System software.
• Excellent written and verbal communication skills.
• Excellent time management skills and the ability to manage multiple projects under tight deadlines.
• Must be detailed oriented with demonstrated project management capabilities.

Working Conditions

• Some travel may be required to Honda sites.
• OT may be required during peak times.

What differentiates Honda and make us an employer of choice?Total Rewards:

• Competitive Base Salary (pay will be based on several variables that include, but not limited to geographic location, work experience, etc.)
• Paid Overtime
• Regional Bonus (when applicable)
• Industry-leading Benefit Plans (Medical, Dental, Vision, Rx)
• Paid time off, including vacation, holidays, shutdown
• Company Paid Short-Term and Long-Term Disability
• 401K Plan with company match + additional contribution
• Relocation assistance (if eligible)

Career Growth:

• Advancement Opportunities
• Career Mobility
• Education Reimbursement for Continued Learning
• Training and Development programs

Additional Offerings:

• Tuition Assistance & Student Loan Repayment
• Lifestyle Account
• Childcare Reimbursement Account
• Elder Care Support
• Wellbeing Program
• Community Service and Engagement Programs
• Product Programs

Honda is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor.

Responsibilities:

• Consults and advises region and leaders regarding compensation policy interpretation, new hire offers, promotions, market analysis, job evaluation, and other compensation projects and initiatives.
• Administers, supports, and provides advice and analysis for annual compensation processes, including merit, bonus, LSEP, and NE wage increases, as well as equity/market adjustments and promotions.
• Conducts job evaluation and assigns compensation grade per Honda’s job evaluation methodology.
• Analyses jobs for any applicable premiums (geographic and/or functional).
• Gathers data from market-based compensation surveys and uses spreadsheets and data analysis techniques to assess results and market trends.
• Prepares and presents recommendations.
• Assists in the design, implementation, and administration of compensation programmes and policies.

Skills:

• Ability to work independently and meet deadlines is essential.
• Proficiency in MS Office software, with advanced Excel skills being critical.
• Experience with HR System software is required.
• Excellent written and verbal communication skills are necessary.
• Strong time management skills and the ability to manage multiple projects under tight deadlines are required.
• Attention to detail and demonstrated project management capabilities are essential.
• Ability to develop analytics from multiple data sources, interpret and analyse trends, and develop meaningful recommendations in a logical and concise way.

Education:

• A Bachelor’s Degree in Human Resources, a related field, or equivalent experience is required.