Compensation Analyst

Posted 9 Days Ago
Be an Early Applicant
Irving, MI, USA
In-Office
Mid level
Kids + Family • Retail
The Role
Analyze and administer compensation programs including market pricing, salary administration, survey management, minimum wage compliance, retail offer support, internal equity audits, data integrity in HR systems, reporting and analytics, and support for variable pay programs (bonus, merit, commission).
Summary Generated by Built In
Support Center - Irving

The Compensation Analyst is responsible for analyzing, maintaining, and processing core compensation program elements in support of company initiatives and organizational needs. The Analyst is accountable for competitive market analysis and survey submissions, supporting fair pay practices, program administration, and the clear communication of compensation programs. This role assists in various elements of plan design to ensure external competitiveness and internal equity as we partner to attract, engage, and retain outstanding talent.
The ideal candidate is an analytical-minded self-starter who is eager to dive right in and make an immediate impact on the Global Total Rewards and Compensation team.

Major Activities & Responsibilities

  • Market Pricing & Salary Administration: Conduct job analysis, evaluation, salary administration, and FLSA assessments to determine appropriate salary grades, ranges, and pricing based on internal and external equity.
  • Survey Management: Complete survey submissions for annual and ad hoc market surveys, and utilize results for salary planning, salary structures, and job evaluations.
  • Minimum Wage Ownership: Own the monitoring, tracking, and implementation of federal, state/provincial, and local minimum wage changes to ensure continuous organizational compliance across all locations. 
  • Retail Store Offer Support: Partner closely with Talent Acquisition and HR Business Partners to review, analyze, and provide competitive, equitable compensation recommendations for Retail Store offers.
  • Audits: Conduct internal peer equity audits to identify potential pay disparities, ensure consistent pay practices, and support internal equity. Perform various weekly compensation audits to ensure operational compliance.
  • Systems & Data Integrity: Assist in the maintenance of compensation-related data—including job profiles, salary structures, incentive plans, reporting, and validation—in Workday and other internal systems of record.
  • Reporting & Analysis: Generate ad-hoc reports and analytics as requested, including average pay performance, minimum wage impacts, compression analysis, and compensation change reports. 
  • Annual Cycles & Variable Pay: Assist with variable pay programs such as, but not limited to, Bonus, Merit, and Commission plans.

Minimum Education

  • BS, BA, or graduate degree in business (or a related field), or equivalent work experience.

Minimum Special Certifications or Technical Skills

  • Proficient in Excel

Minimum Type of Experience the Job Requires

  • 2-4 years of related Compensation experience in HR, with a working knowledge of a wide range of HR practices—preferably within a Compensation or highly analytical environment.

Core Competencies & Skills

  • Analytical Mindset: High degree of accuracy, confidentiality, and timeliness when managing assigned projects.
  • Autonomy: Demonstrated ability to work independently, manage competing priorities, and assume personal responsibility for deliverables.
  • Technical Skills: Proficiency in Microsoft Excel for data modeling and analysis.

Preferred Special Certifications or Technical Skills

  • Certifications: Certified Compensation Professional (CCP) designation is a plus.
  • Systems: Working knowledge of Workday and Payfactors.
  • Industry: Previous retail industry experience is preferred.

Preferred Type of Experience the Job Requires

  • Previous retail experience is a plus

    Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

    At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com.


    Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to a 401(k) with employer match, an Employee Assistance Program, medical, dental, and vision coverage, telemedicine services, flexible spending accounts, commuter benefits, tuition assistance, adoption assistance, and various voluntary insurance options. All team members enjoy everyday perks such as employee discounts and access to partner discount programs. For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit MIKBenefits.com


    Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.


    Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

    EEOC Know Your Rights Poster in English

    EEOC Know Your Rights Poster in Spanish

    EEOC Poster Optimized for Screen Readers

    Federal FMLA Poster

    Federal EPPAC Poster

    Skills Required

    • Bachelor's degree in business or related field, or equivalent work experience
    • 2-4 years of related compensation experience in HR or highly analytical environment
    • Proficient in Microsoft Excel (data modeling and analysis)
    • Working knowledge of compensation and broader HR practices (job analysis, salary administration, FLSA assessments)
    • Certified Compensation Professional (CCP) designation
    • Working knowledge of Workday
    • Working knowledge of Payfactors
    • Previous retail industry experience

    Michaels Stores Compensation & Benefits Highlights

    The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Michaels Stores and has not been reviewed or approved by Michaels Stores.

    • Healthcare Strength Multiple medical, dental, and vision options are available alongside virtual care and an Employee Assistance Program. Basic life and AD&D are provided for full-time team members, with optional disability coverage.
    • Retirement Support A 401(k) plan with company matching supports savings for retirement. Eligibility begins after a short tenure period.
    • Wellbeing & Lifestyle Benefits Team members receive broad merchandise and custom framing discounts plus partner savings on fitness, travel, and services. Programs such as Michaels CARES and tuition assistance add wellbeing and development support.

    Michaels Stores Insights

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    The Company
    HQ: Irving, TX
    10,149 Employees
    Year Founded: 1973

    What We Do

    The Michaels Companies, Inc. is North America's largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for Makers and do-it-yourself home decorators. The Company owns and operates more than 1,200 stores in 49 states and Canada. Additionally, the Company serves customers through Michaels.com, consumercrafts.com and aaronbrothers.com. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry.

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