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.