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Robert Half
Clive, IA | Per Diem
$78k-95k (estimate)
9 Months Ago
Compensation Analyst
Robert Half Clive, IA
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$78k-95k (estimate)
Per Diem 9 Months Ago
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Robert Half is Hiring a Compensation Analyst Near Clive, IA

Position Overview: We are seeking an experienced Senior Physician Compensation Analyst to join our dynamic team and play a pivotal role in managing and optimizing physician compensation programs within our organization. As a Senior level professional, you will be responsible for conducting complex analysis, developing innovative compensation strategies, and ensuring the alignment of compensation practices with organizational goals and industry standards.Responsibilities:• Strategic Compensation Planning: Collaborate with senior leadership and HR teams to develop, implement, and refine physician compensation strategies that attract, motivate, and retain top-tier medical talent while ensuring internal equity and compliance with regulatory guidelines.• Data Analysis: Utilize advanced quantitative and qualitative analysis techniques to evaluate physician compensation data, including productivity, revenue generation, and clinical outcomes. Identify trends, patterns, and opportunities for improvement to inform compensation decisions.• Market Research: Conduct comprehensive market research to benchmark physician compensation against industry standards, regional trends, and competitor practices. Present findings to leadership and recommend adjustments as needed.• Incentive Plan Design: Lead the design and administration of physician incentive and bonus programs that drive desired performance outcomes. Ensure that incentive plans are transparent, equitable, and aligned with business objectives.• Compensation Review: Perform regular reviews of existing compensation structures and make recommendations for adjustments based on changing market conditions, organizational needs, and regulatory requirements.• Stakeholder Collaboration: Work closely with medical leadership, finance, legal, and HR departments to gather insights, align strategies, and ensure compliance with relevant laws and regulations.• Data Integrity: Oversee the accuracy and integrity of compensation data, maintaining a high level of confidentiality and security. Develop and maintain standardized documentation and processes for data collection and analysis.• Communication: Prepare and deliver clear, concise, and insightful reports and presentations to communicate compensation analysis findings, recommendations, and strategies to executive leadership and other stakeholders.• Team Leadership: Provide guidance, mentorship, and training to junior compensation analysts, fostering a collaborative and growth-oriented environment within the compensation team.Qualifications:• Bachelor's degree in Finance, Economics, Business Administration, Human Resources, or a related field. Master's degree preferred.• Minimum of 5 years of experience in physician compensation analysis or a related field, preferably in a healthcare setting.• Strong analytical skills with proficiency in data manipulation, statistical analysis, and financial modeling.• Knowledge of physician compensation trends, market benchmarks, and industry best practices.• Familiarity with healthcare regulations, compliance requirements, and their impact on compensation practices.• Excellent communication and presentation skills, with the ability to convey complex concepts to non-technical stakeholders.• Proficiency in compensation software, data analysis tools, and Microsoft Office Suite.• Strong attention to detail, organizational skills, and the ability to work in a fast-paced environment.

Job Summary

JOB TYPE

Per Diem

SALARY

$78k-95k (estimate)

POST DATE

08/29/2023

EXPIRATION DATE

05/28/2024

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$117k-162k (estimate)
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The job skills required for Compensation Analyst include Analysis, Leadership, Presentation, Microsoft Office, Attention to Detail, Business Administration, etc. Having related job skills and expertise will give you an advantage when applying to be a Compensation Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compensation Analyst. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Compensation Analyst positions, which can be used as a reference in future career path planning. As a Compensation Analyst, it can be promoted into senior positions as a Stock Plan Administrator III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Analyst. You can explore the career advancement for a Compensation Analyst below and select your interested title to get hiring information.