Compensation Analyst

About the Role

Compensation Analyst

Havant - Hybrid

Permanent: £38,000 - £47,000 plus excellent Benefits

37.5h, 4 day working week Monday to Thursday

Support compensation strategies across Lockheed Martin’s international markets, ensuring all programs-including incentive plans-are executed and maintained in full compliance with established policies, procedures, and regulatory requirements. Provide data-driven insights to support continuous improvement of compensation programs.

Duties / Responsibilities:

The Compensation Analyst will provide advice to ensure the business is competitively placed against the market. The role will also involve:

• Supporting on all Compensation queries and issues; Compensation, Incentives, and Recognition.
• Support all aspects of the Annual Compensation Cycle
• Support internal annual market rate determination (MRD)
• Support preparation of Pay Budgets
• Support the Corporate recognition programme and provide regular analysis
• Process system changes for applicable Compensation elements
• Maintain Economic and Pay Budget dashboards
• Maintain job pricing spreadsheet for Reward team
• Undertake completion of market salary surveys
• Undertake regular data audits including pay increases, ranges, allowances and incentives.
• Supporting the roll out of any Corporate initiatives across all International countries including communications and training.
• Other project work as directed by the International Compensation Manager.

Basic Qualifications

Generally has 1+ years of related experience and may have a Bachelors degree or training in a related discipline.

Desired Skills

• Strong Excel Skills
• Strong analytical skills
• Demonstrated ability to work autonomously in a high-volume role within a large complex business within a hands on capacity.
• Ability to manage multiple priorities.
• Strong verbal and written communication skills.
• Exceptional organizational skills.