Compensation Analyst Sr., Compensation Services

Full Time, 80 Hours Per Pay Period, Day Shift

Covenant Health Overview:

Covenant Health is East Tennessees top-performing healthcare network with 10 hospitals and over 85 outpatient and specialty services, and Covenant Medical Group, our areas fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned, not-for-profit healthcare system and the areas largest employer with over 11,000 employees. Covenant Health is the only healthcare system in East Tennessee to be named six times by Forbes as a Best Employer.

Position Summary:

Participates in the development, implementation, administration, and communication of a variety of complex compensation programs and projects which significantly impact system-wide business operations and objectives. Functions as an internal technical consultant to HR, hiring managers, and other clients to identify and resolve various compensation-related issues/questions. Potential remote and hybrid opportunities available for this position. Relocation Assistance Available.

Recruiter: Bradley Sparks || bsparks2@CovHlth.com || 865-374-5382

• Develops, implements, and maintains a variety of specific compensation programs, plans, policies, processes and systems; addresses related administrative issues that may be linked to program and project responsibilities; and coordinates actions with other operational groups such as Information Systems, Human Resources Administration, HRIS, Payroll, etc.
• Performs position analysis and conducts analytical studies such as market analysis, internal equity analysis, and cost modeling for job evaluation purposes; develops and implements compensation reporting and metrics; and researches, monitors, and tracks best practices, internal and external data trends, and related literature.
• Consults and advises HR, senior management, hiring managers, and other clients regarding compensation solutions and tactical approaches; provides interpretive guidance on various professional and statutory (e.g. FLSA) issues related to compensation; formulates recommendations and provides data to assist in the development and implementation of system-wide compensation strategies.
• Develops communications to support delivery, administration, and oversight of compensation policies and programs.
• Identifies appropriate third-party compensation surveys in which to participate and/or purchase and coordinates the completion of data submissions; responds to ad hoc requests for salary information/analysis.
• Reviews new or revised position descriptions to determine appropriate salary grade allocation and FLSA classification; works as needed with managers to revise/modify various position description information (e.g. duties and responsibilities, minimum requirements, etc.) to ensure accurate representation of the job.
• Reviews proposed salary actions to ensure conformance with established guidelines and policies; makes recommendations regarding approval/denial of requested exceptions to policy.
• Assists in the development and facilitation of compensation training sessions to various internal groups.

Minimum Education: Bachelor's degree in human resources, finance/accounting, or a business-related field. Masters Degree in a directly-related field preferred

Minimum Experience: Five (5) years of progressively responsible professional-level work experience in human resources which included at least three (3) years direct experience in the areas of base compensation, job evaluation/market analysis, job analysis, and/or directly applicable HR functions. Strong financial analysis skills; advanced Microsoft Office (i.e. Excel, Access, Word, and PowerPoint) skills; and proficiency with CYBORG, PeopleSoft, SAP, or a related HRIS required.

Certification/Licensure: Preference may be given to individuals holding a professional HR certification such as CCP, PHR, SPHR, CAC, CCC, or JCA.