Sample interview questions: Can you discuss your experience in conducting compensation audits or due diligence reviews?
Sample answer:
Compensation Audits and Due Diligence Reviews
As a Compensation Analyst, I possess extensive experience in conducting compensation audits and due diligence reviews, leveraging my expertise to ensure accurate, equitable, and market-competitive compensation practices.
Compensation Audits
- Objective: Determine if compensation structures align with established policies, legal requirements, and market benchmarks.
- Approach:
- Gather data from internal sources (e.g., payroll systems, job descriptions) and external sources (e.g., market surveys, industry reports)
- Analyze data to identify discrepancies and anomalies in pay practices
- Evaluate compliance with relevant laws and regulations (e.g., Equal Pay Act, FLSA)
- Deliverables:
- Comprehensive audit report outlining findings and recommendations
- Action plan to address identified issues and improve compensation practices
Due Diligence Reviews
- Objective: Assess potential compensation-related risks and liabilities in mergers, acquisitions, or other transactions.
- Approach:
- Review target company’s compensation structure, policies, and practices
- Assess compliance with applicable laws and regulations
- Identify potential … Read full answer
Source: https://hireabo.com/job/1_1_13/Compensation%20Analyst