What are the responsibilities and job description for the Compensation Analyst position at Healthcare IT Leaders?
Our client located in Valhalla, New York is looking for a contract, Compensation Analyst to join their team in a contract capacity for the next 12 months. This position would begin immediately and require 5 days per week on-site.
The ideal candidate will be able to provide in-depth analysis with respect to the administration of job evaluation, base pay, and short term incentive pay programs for the network.
Responsibilities
Healthcare IT Leaders provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
The ideal candidate will be able to provide in-depth analysis with respect to the administration of job evaluation, base pay, and short term incentive pay programs for the network.
Responsibilities
- Coordinates and manages job evaluations to ensure equitable and consistent establishment of job standards and worth and presents findings to appropriate parties. Audits jobs for content and assists managers with development and maintenance of job descriptions that accurately reflect job responsibilities.
- Responsible for managing the salary structure and job hierarchy. This includes participating in salary surveys and utilizing survey data to determine the necessity of structure shifts as well as ensuring the internal equity within the job hierarchy.
- Analyzes, prepares, and communicates recommendations with the appropriate executive level approvers.
- Analyzes market data as well as knowledge of market trends and the decisions of both the business units and other local employers to set the annual pay increase budget.
- Responsible for ensuring and communicating to Senior Leadership adheres to both pay increase and incentive plan budgets.
- Conducts special compensation analysis to determine competitiveness and develops creative design and solutions for retention and other goals of the organization.
- Responsible for ensuring compliance with all compensation related legislation, including FLSA.
- Works with Talent Acquisition team, hiring managers, and department leaders to determine the salary and bonus for offers of employment by utilizing market data as well as internal data and ensures both market and internal equity.
- Serves as a consultant to all HR Business Partners and leaders with regards to compensation philosophy and processes, as well as the administration of individual employee pay.
- Experience: 5 or more years demonstrated compensation analyst experience required.
- Hospital or healthcare setting experience preferred
- Education: Bachelor’s degree in Finance, Accounting or business-related field or equivalent combination of technical and functional experience required.
- Licenses / Certifications: Certified Compensation Professional (CCP) certification, or currently in pursuit of CCP designation preferred.
Healthcare IT Leaders provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.