Compensation Analyst

Be part of an amazing story.

Macy’s is more than just a store. We’re a story. One that’s captured the hearts and minds of America for more than 160 years. A story about innovations and traditions…about inspiring stores and irresistible products…about the excitement of the Macy’s 4th of July Fireworks, and the wonder of the Thanksgiving Day Parade. We’ve been part of memorable moments and milestones for countless customers and colleagues. Those stories are part of what makes this such a special place to work.

Job Overview

The Compensation Analyst provides analytical support to the Compensation team and business groups to ensure alignment between compensation programs and business objectives. The analyst understands business goals to support existing compensation plans, develops predictive analytical models to evaluate the impact of proposed changes, and summarizes market research to inform compensation best practices.

What You Will Do

• Execute assigned compensation programs accurately and on schedule.
• Support the implementation and maintenance of compensation programs that meet business needs, including commissions, incentives, salary structure analysis, salary adjustments, and program evaluations.
• Query and analyze complex datasets to gather information for reporting and decision-making.
• Provide advanced analytical support to align compensation programs with business and HR strategic objectives, assessing the financial impact of pilots, test-and-learn initiatives, new programs, and policy changes.
• Audit, assess, and summarize current compensation programs through standard and ad hoc reporting to ensure accuracy, effectiveness, and alignment with business goals.
• Research and resolve both individual and organizational compensation issues.
• Identify opportunities to improve existing processes and recommend enhancements to increase efficiency and impact.
• Serve as a liaison to assigned business groups by answering questions, providing compensation insights, and evaluating programs in response to business partner requests.
• Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities.
• In addition to the essential duties mentioned above, other duties may be assigned.

Skills You Will Need

Analytical & Quantitative Skills – Strong ability to interpret complex data, perform statistical analysis, and use advanced mathematical concepts to assess compensation structures and business impacts.

Data Management & Reporting – Skilled in querying, manipulating, and analyzing large datasets; advanced proficiency in Microsoft Excel and experience with data tools such as Oracle HCM, Pay Factors, Microsoft Access, and VBA.

Compensation & HR Expertise – Understanding of compensation structures, salary analysis, incentive programs, and job evaluation principles; ability to align compensation practices with organizational strategy and market benchmarks.

Financial & Business Acumen – Ability to connect compensation decisions to financial outcomes, assess the impact of pilots and new programs, and support business goals through data-driven recommendations.

Communication & Presentation – Excellent written and verbal communication skills; able to summarize complex analyses and present insights in a clear, concise, and visually compelling way to influence decision-making.

Process Improvement & Problem Solving – Proactive in identifying process inefficiencies, surfacing issues, and recommending enhancements to improve program accuracy, timeliness, and impact.

Collaboration & Relationship Management – Builds effective partnerships with HR and business leaders; serves as a trusted resource for compensation guidance and insights.

Independence & Initiative – Works independently with minimal supervision in a fast-paced, collaborative environment; demonstrates ownership and accountability for deliverables.

Who You Are

• Candidates with a bachelor’s degree or equivalent work experience in a related field are encouraged to apply.
• Regularly required to sit, talk, hear; use hands/fingers to touch, handle, and feel. Occasionally required to move about the workplace and reach with hands and arms. Requires close vision.
• Able to work a flexible schedule based on department and company needs.

What We Can Offer You

Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Enjoy comprehensive health and wellness coverage and a 401(k) match to invest in your future. Prioritize your well-being with paid time off and eight paid holidays. Grow your career with continuous learning and leadership development. Plus, build community by joining one of our Colleague Resource Groups and make a difference through our volunteer opportunities.

Some additional benefits we offer include:

• Merchandise discounts
• Performance-based incentives
• Annual merit review
• Employee Assistance Program with mental health counseling and legal/financial advice
• Tuition reimbursement

Access the full menu of benefits offerings here.

About Us

This is a great time to join Macy’s! Whether you’re helping a customer find the perfect gift, streamlining operations in one of our distribution centers, enhancing our online shopping experience, buying in-style and on-trend merchandise to outfit our customers, or designing a balloon for the Thanksgiving Day Parade, we offer unique opportunities to be part of some of the most memorable moments in people’s lives.

Join us and help write the next chapter in our story - apply today!

This job description is not all-inclusive. Macy's, Inc. reserves the right to amend this job description at any time. Macy's, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.

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