The Primary Role of Compensation Analyst in an Organization - Essay Sample

Introduction

The most fundamental role of a compensation analyst in an organization is providing administrative aid as well as facilitating research about the organization's compensation alongside policies deriving benefits, to the organization, form the compensation processes (Cushway, 2008).

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Major Responsibilities

Maintaining administrative procedures offering to support the organization's benefit policies and compensation procedures. This is to ensure that the policies are implemented and the due processes are followed during employee compensation.

Maintenance of staff data and this is to ensure that the organization keeps updated and accurate data regarding its employees as well as the benefits data about every employee.

Guiding and advising the managerial team alongside the staff on matters related to employee compensation.

Participating and engaging in surveys examining and analyzing employee salaries. This is to ensure that the organization complies to the set employee policies by the government. For example, minimum wages. Through this, the organization updates itself regarding employee compensation.

Evaluating jobs, aiding the job evaluation processes as well as defining job descriptions on behalf of the organization. To this end, the aspect of administering job evaluation is also imminent.

Surveying and carrying statistical research to establish whether or not the organization's employees are receiving reasonable pay. To this extent, the survey activity will stretch beyond the evaluation of salaries. They will also cover issues such as house allowances, non-monetary rewards as well as bonuses. Through this, the compensation analyst establishes grounds to advise the organization on the best compensation options available, and this is because of employee compensation's significance; employee motivation. To a larger extent, it helps the organization structure its employee compensation schedules.

Management

I have chosen the managerial career line owing to my excellent leadership skills and approaches. Again, the practical training and mentorship I have undertaken have sharpened my managerial skills regarding employee management as well as human resource practices. Also, my choice for compensation analysis, in human resource, is also backed by the fact that the career will be presenting diverse challenges occasionally. This is also set to develop my career, and this will be achievable through the decision-making processes as well as problem resolution requirements that will demand the search for probable solutions to prevailing problems.

The significance of a Scholarship Program to My Career

The most fundamental significance of attaining a scholarship program in my career is that the program will help me gain more experience and increase my knowledge as well as skills in matters relating to human resource management. It is through this that I will be in a position to increase my ability to cover various issues regarding compensation of employees. Ideally, the scholarship will be removing the financial barrier preventing me from soaring the heights of my profession.

Conclusion

I opt for compensation analysis because the career leans on the side of my knowledge as well as background regarding the practice of human resource practices. Also, because of the passion and commitment towards the career, there is a significant necessity of a scholarship program. This is because a scholarship program will remove financial barriers that could hinder from pursuing educational activities of the processes. Through this, I will undertake advanced training in the career, and specialize in human resource practice. This amounts to a high level of competence.

References

Cushway, B. (2008). The handbook of model job descriptions. London; Philadelphia: Kogan Page Ltd., 2008. Retrieved from https://books.google.co.ke/books?id=fUVvAbLDj48C&printsec=frontcover&dq=a+description+of+sales+and+marketing+job&hl=en&sa=X&ved=0ahUKEwjxoq-jtLHhAhXDAGMBHYB3Dj8Q6AEIKDAA#v=onepage&q=a%20description%20of%20sales%20and%20marketing%20job&f=false