Job description

Compensation Analyst
Remote
Reporting to the Vice President of Human Resources, the Compensation Analyst assumes a lead role in compensation administration. Collects and analyzes occupational data, including job requirements and qualifications, for use in job analysis/evaluation and the development of job descriptions. Compiles and analyzes market data using published data and economic trend information to develop competitive salary structures and maintain competitive wages and salaries to facilitate successful recruitment and retention of qualified employees. Takes the lead in annual compensation budget planning, developing cost projections and making appropriate recommendations concerning salary increase budget, salary structure adjustments, job pay range adjustments and employee pay rate adjustments. The Compensation Analyst must maintain confidentiality, credibility and have excellent customer service skills necessary to build partnerships across the company.
Responsibilities

• Conducts job audits, analyzes jobs and determines salary ranges/grades based on compensable job factors, survey data and/or formal job evaluation system.
• Develops and prepares job descriptions using input from supervisors/managers, job questionnaires, observations of work and interviews with position incumbents as necessary. Maintains the job description database and job code catalogue.
• Evaluates market and economic trends to recommend ranges, adjustments and hiring rates for salary structures and individual rates as requested.
• Takes a lead role in the implementation of a strategy for integration of a merger/acquisition, including working with all leadership.
• Assumes a lead role in annual compensation budget planning. Compiles and analyzes data to develop projections and to make appropriate recommendations concerning salary increase budget, salary structure adjustments, job pay range adjustments and employee pay rate adjustments. Develops cost projections and initiates pay changes for affected incumbents.
• Compiles data for and prepares regularly scheduled or special reports, analyses and statements.
• Explains compensation policy and systems to managers/supervisors.

• Assist to design and implement creative solutions to various compensation-related issues. Assist in development and documentation of compensation program guidelines and trainings for internal stake holders. Delivers compensation education for targeted internal stakeholders.

• Assists in the review, selection and maintenance of HR support systems related to the management of jobs, performance management and compensation.

Qualifications
Minimum Experience:
3 - 5 years of compensation experience
Healthcare experience preferred
CCP certification required
Bachelor's Degree in Mathematics, Accounting, Human Resources or related field or an equivalent combination of education and experience sufficient to successfully perform the key accountabilities of the job required.
Knowledge, Skills, Abilities:

• Proficient computer skills with ability to learn new computer applications
• Strong data and statistical analysis and information management skills; proficient in the use of data analysis and reporting tools
• Knowledge of human resources information systems required;
• Able to work effectively with minimal supervision with all levels of staff and management to develop solutions to compensation issues; able to prioritize work to meet multiple deadlines
• The Compensation Analyst must have the ability to maintain confidentiality, possess good written, oral, and interpersonal skills.
• The Compensation Analyst must also apply judgment to assess and resolve sensitive issues as well as have the ability to work effectively in a challenging and changing environment.

Job Type: Full-time

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