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Compensation Analyst 1, 2 or Senior


Tempe, AZ, US

Date:  Jul 3, 2024

Requisition ID: 17486


Join us in building a better future for Arizona!

SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.


Why Work at SRP

At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That’s why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.


SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:


  • Pension Plan (at no cost to the employee)
  • 401(k) plan with employer matching
  • Available your first day: Medical, vision, dental, and life insurance
  • Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)
  • Parental leave (up to 4 weeks) and adoption assistance
  • Wellness programs (including access to a recreation and fitness facility)
  • Short and long-term disability plans
  • Tuition assistance for both undergraduate and graduate programs
  • 10 Employee Resource Groups for career development, community service, and networking



​The Compensation Analyst performs activities to develop, implement and administer compensation policies and programs. As a strategic partner with the business unit, they will advise and guide leadership to resolve problems, align pay with SRP’s compensation philosophy, and maintain a focus on pay equity across the organization. This position will be the resource for statutory requirements and recommend appropriate courses of action in order to protect the company and maintain focus on the employee value proposition as it relates to total rewards. 

What You'll Do

  • Partner with assigned business unit on compensation related items such a salary administration, job descriptions, organization design and workforce needs. 
  • Serve as the primary resource for salary administration across the organization. This includes but is not limited to salary structure design and maintenance, merit planning, pay recommendations, short term incentive awards, and workforce budget review. 
  • Manage and maintain job descriptions for the organization. Audit and develop job descriptions reflecting responsibilities, duties, and requirements. Conduct job evaluations and determine FLSA exemption status, salary grade assignment, and job worth hierarchy that is within company and statutory guidelines. 
  • Complete salary surveys, requests for information, and review best practice to support decisions and workforce dynamics. 
  • Design and administer new programs and policies to support company objectives, culture and market dynamics, while maintaining a focus on regulatory and statutory guidelines.  
  • Plan and manage internal projects from the initiation and development phase to delivery and completion. Effectively and accurately communicate status to project stakeholders and team.
  • Utilize software programs, reporting tools, and databases to review and analyze compensation information which are used to administer SRP’s pay programs including the short term incentive program.  

What It Takes To Succeed

  • Research, critical thinking and evaluation skills with the ability to reason through data findings and develop recommendations.
  • Very strong analytical and problem-solving skills.
  • Advanced knowledge of excel.
  • Provide guidance to HR Business Partners and managers for pay actions.
  • Knowledge of market-based compensation surveys and ability to analyze results and market trends.
  • PHR, SPHR, or CCP preferred.


Promotion to Level 2 requires a minimum of two years experience at Level 1 and demonstrated capability to perform advanced and more difficult work as determined by the supervisor. Promotion to Senior Level requires a minimum of 3 years experience at Level 2, is fully competent in all aspects of functional area of assignment and as such would be recognized as a specialist in area of assignment and may have periodic or occasional lead responsibilities.


Completion of a Bachelor's Degree from an accredited institution that prepares the employee for the assignment.


Hybrid Workplace

SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona. We are taking steps to protect the health and well-being of all team members, and by following a number of health and safety protocols, to reduce the risk of the coronavirus (COVID-19).


Drug/Alcohol Policy Statement

To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.


Equal Opportunity Employer Statement

Salt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law.


Work Authorization

All candidates must be legally authorized to work in the United States.
Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visas.


Nearest Major Market: Phoenix

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