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Senior Compensation Analyst

Colleague Resources
Springfield, IL
Tracking Code 2024-21307

Position Summary

Full-Time
Day Shift

Performs the more advanced analyses 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. Administers the performance appraisal, merit pay and incentive compensation programs.  Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values.

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

  1. Evaluates jobs, reviews qualifications and licensure requirements for compliance with legal guidelines, and recommends range placement based on market data and internal equity. Assigns FSLA exemption status and corresponding incentive eligibility based on approved criteria. Communicates approved pay grades to leaders. Conducts audits and analyzes positions system-wide to maintain pay grade equity.
  1. Advises leaders and other applicable organizational units regarding compensation policies and procedures, guidelines, salary ranges, and other related issues. Provides guidance and expertise regarding the use of bonus codes/pay practices. Collaborates with others to develop and implement workable, cost-effective solutions that meet organizational needs.
  1. Conducts annual market reviews to analyze the competitiveness of MHS’ salary structures and employee salaries. Researches and evaluates market conditions and makes recommended adjustments to structures, employees rates and/or practices as needed.
  1. Guides leaders on the development of job descriptions and design of job families according to best practices. Audits and monitors job descriptions to ensure they are up-to-date in accordance with company policy and/or regulatory requirements. May serve as an author/editor of job descriptions to ensure conformity and consistency.
  1. Reviews (and may modify) Personnel Change Request Forms (PCRs) and performance appraisal information for accuracy and completeness and resolves problems related to same directly with leadership, HR or others.
  1. Employs the compensation database for analyses and market pricing of jobs. Maintains the database as up-to-date and accurate, executing archival procedures as necessary for preservation of data.
  1. Advises leadership on merit increase administration as part of the performance appraisal tools. As needed, revises performance appraisal templates and advises on their administration.
  1. Partners with other HR members to accomplish deliverables as appropriate. May serve on committees, task forces, and teams as deemed valuable by the organization.
  1. Assists in the administration of the Success Sharing Plan (SSP) and Leader (LEDR) incentive plans. Under the guidance of the Sr. Compensation Analyst, advises leaders on the elements and administration of these plans.
  1. Assists in the development of communication strategies and deliverables relative to the organization’s compensation program, applicable policies and pay practices.
  1. Participates in a variety of salary surveys; analyzes data to determine industry trends and potential impact to the organization’s salary structures, merit increase budget and employees’ pay levels.
  1. Conducts periodic analyses/audits to ensure compliance with policy, regulations and Joint Commission standards specific to compensation.
  1. Communicates with external consultants regarding compensation information or deliverables.
  2. Contributes to the creation and delivery of compensation training, intranet content, communications and other similar material. Delivers training or other presentations as required or requested.
  1. Participates in (or may lead certain aspects of) special projects.
  1. Conveys and promotes the organization’s HR philosophies and best practices, particularly those related to compensation and performance management.
  1. Performs other related work as required or requested.

    The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job. Incumbents may be requested to perform tasks other than those specifically presented in this description.

Required Experience

Education:

  • Education equivalent to a bachelor’s degree in human resources, business or finance, or related discipline is required (or the equivalent in related work experience).
  • Master’s degree in business administration, human resources, or finance or comparable is preferred.

Licensure/Certification/Registry:

  • Has attained (or will be actively pursuing) the Certified Compensation Professional (CCP) designation or comparable compensation designation is required.
  • Professional human resources certification(s), i.e., PHR, SPHR, SHRM-CP, SHRM-SCP is preferred.

Experience:

  • Four or more years’ professional-level work experience in human resources, finance or related field is required.
  • Four or more years’ experience as a Compensation Analyst is strongly preferred, ideally in a major health care system.

Required:

  • Possesses an in-depth knowledge of market pricing, job evaluation methodologies and base/incentive compensation administration.
  • Thorough working knowledge of compensation theories, practices & applicable federal/state labor laws.
  • An intermediate-to-advanced level proficiency with Microsoft Word, Power Point, Excel, HR Information Systems, and compensation database systems (ideally Market Pay).
  • Excellent accuracy & attention to detail when working with data/information.
  • Demonstrated ability to balance the needs of the organization while flexing to changing work priorities.
  • Ability to work with leadership on confidential and time-sensitive matters.
  • Excellent oral and written communication, with the ability to be persuasive and deal with potential conflict.
  • Ability to serve as a technical expert and trainer on compensation matters.
  • Must be able to maintain confidential information safe and secure at all times.
  • May be required to work beyond regular business hours to meet MHS needs.

Preferred:

  • Experience with incentive compensation programs within a health care system.
  • Sound working knowledge of HR Lawson, crystal report writing and MS add-ins.
Springfield, IL

Robert Saunders

Recruiter

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