What are the responsibilities and job description for the Compensation Analyst position at 900 Methodist Corporate?
Hours of Work : 40/week Days Of Week : Monday - Friday Work Shift : Job Description : Your Job: The Compensation Analyst is responsible for supporting the Methodist Health System (MHS) compensation programs by monitoring and maintaining pay systems/processes; reviewing or completing pay transactions; researching and analyzing competitive market compensation data and developing recommendations based on findings; and providing guidance and interpretation to managers, supervisors, and employees. Your Job Requirements: • Bachelor's degree in Business or related field. 6 years in compensation area will be accepted in lieu of Bachelor's degree with a strong understanding of compensation practices and trends. • 2-4 years in compensation area required with a strong understanding of compensation practices and trends. • Experience with Human Resources Information System technology platforms • Strong applied math skills. • Excellent analytical and computational skills. • Advanced proficiency in Excel and aptitude for data reporting tool methodology and fundamentals. • Excellent organizational, project and time management skills. • Strong verbal and written communication skills. • Excellent interpersonal skills. • Ability to manage shifting, and sometimes competing, priorities and deadlines. • Maintain the highest level of confidentiality in all matters related to employee compensation. • 5 years' experience in compensation principles, practices, and analysis. • Healthcare experience highly desired. Your Job Responsibilities: • Monitors and reviews documentation for all HR transactions of current employees (Personnel Action Forms – PAFs). Determines accuracy and alignment with current policies, guidelines, and practices. Approves for implementation or returns to the initiator for revision. • Maintains the referral, sign-on, and retention bonus processes. Sets up payments to eligible employees in HR/Payroll database. Processes bonus repayments for departing employees who did not complete their agreement. • Analyzes and provides supporting documentation for new job requests; prepares memorandums for approval. Establishes salary ranges, job codes and position numbers in the HR database for all new/revised positions. Maintains historical compensation files. • Assists in research, analysis, and preparation of information to be presented at the compensation committee meeting. • Processes updates/changes in HR/Payroll systems; calculates and implements market adjustments based on approved salary range or rate changes. • Maintains documentation/policies pertaining to all pay practices. Assist with compliance and processing of the Annual Performance Evaluations through SuccessFactors. Methodist Health System is a faith-based organization with a mission to improve and save lives through compassionate, quality healthcare. For nearly a century, Dallas-based Methodist Health System has been a trusted choice for health and wellness. Named one of the fastest-growing health systems in America by Modern Healthcare, Methodist has a network of 12 hospitals (through ownership and affiliation) with nationally recognized medical services, such as a Level I Trauma Center, multi-organ transplantation, Level III Neonatal Intensive Care, neurosurgery, robotic surgical programs, oncology, gastroenterology, and orthopedics, among others. Methodist has more than two dozen clinics located throughout the region, renowned teaching programs, innovative research, and a strong commitment to the community. Our reputation as an award-winning employer shows in the distinctions we’ve earned: TIME magazine Best Companies for Future Leaders, 2025 Great Place to Work® Certified™, 2025 Glassdoor Best Places to Work, 2025 PressGaney HX Pinnacle of Excellence Award, 2024 PressGaney HX Guardian of Excellence Award, 2024 PressGaney HX Health System of the Year, 2024 Methodist Health System is a faith-based organization with a mission to improve and save lives through compassionate, quality healthcare. For nearly a century, Dallas-based Methodist Health System has been a trusted choice for health and wellness. Named one of the fastest-growing health systems in America by Modern Healthcare, Methodist has a network of 12 hospitals (through ownership and affiliation) with nationally recognized medical services, such as a Level I Trauma Center, multi-organ transplantation, Level III Neonatal Intensive Care, neurosurgery, robotic surgical programs, oncology, gastroenterology, and orthopedics, among others. Methodist has more than two dozen clinics located throughout the region, renowned teaching programs, innovative research, and a strong commitment to the community. Our reputation as an award-winning employer shows in the distinctions we’ve earned: TIME magazine Best Companies for Future Leaders, 2025 Great Place to Work® Certified™, 2025 Glassdoor Best Places to Work, 2025 PressGaney HX Pinnacle of Excellence Award, 2024 PressGaney HX Guardian of Excellence Award, 2024 PressGaney HX Health System of the Year, 2024