Compensation Analyst
Position Summary
Performs analysis and consultation in support of Memorial Health System’s compensation program and associated practices. Guides leadership in the development of job descriptions according to best practices. Analyzes jobs and conducts market pricing / job evaluation to ensure market competitiveness. Consults with others and recommends salary adjustments (as necessary) to ensure that employees are paid competitively and equitably. Participates in various compensation surveys conducted by external vendors. Assists in the administration of performance appraisal, merit pay and incentive compensation programs.
Highlights & Benefits
- Paid Time Off (PTO)
- Memorial Childcare
- Mental Health Services
- Growth Opportunities
- Continuing Education
- Local and National Discounts
- Pet Insurance
- Medical, Dental, Vision
- Flexible Spending Account
- 401(k)
- Life Insurance and Voluntary Benefits
- Employee Assistance Program and Colleague Wellness
- Adoption Assistance
Required Skills
Other Knowledge/Skills/Abilities:
Required:
- Proven analytical work experience or analytical aptitude.
- An intermediate-level work proficiency with Microsoft Word, Power Point, Excel and HR Information Systems.
- Excellent accuracy and attention to detail when working with data/information.
- Proven analytical work experience or analytical aptitude.
- Ability to balance the needs of the organization while flexing to changing work priorities.
- Ability to work with senior leadership on confidential and time-sensitive matters.
- Excellent oral and written communication, with the ability to be persuasive and deal with potential conflict.
- Must be able to maintain confidential information safe and secure at all times.
- May be required to work beyond regular business hours to meet business needs.
Preferred:
- Previous experience with project management and incentive compensation.
- Working knowledge of HR Lawson and Compensation Systems (ideally ePrism).
- Working knowledge of market pricing, job evaluation methodologies and base/incentive compensation administration in a health care setting.
- Knowledge of compensation theory and practices & applicable federal/state labor laws.
Required Experience
Education:
Education equivalent to graduation from college (or the equivalent in related work experience) is required.
Licensure/Certification/Registry:
- Certified Compensation Professional (CCP) designation is highly preferred.
- Professional HR certification(s), i.e., PHR, SPHR, SHRM-CP, SHRM-SCP is desirable.
Experience:
- Two or more years of professional-level work experience in HR (ideally in compensation), finance or related field is required
- Previous experience as a Compensation Analyst in a health care setting is strongly preferred.
