This is a remote position, but this person should be in Virginia
The Compensation Analyst is a key member of the Human Resources team and plays a crucial role in the design, development, implementation, and maintenance of the organization’s compensation programs. This position is responsible for analyzing market data, participating in compensation surveys, and providing expert advice and recommendations to ensure competitive and fair compensation practices. The Compensation Analyst collaborates with managers, senior leaders, and across HR to develop and administer effective compensation strategies that attract, develop, and retain colleagues.
Responsibilities:
- Design, implement, and administer compensation programs (excluding physicians).
- Conduct benchmarking, competitive market analysis, job evaluation, and internal pay for performance analyses.
- Develop compensation programs that ensure consistent applications across the organization. Drive processes to ensure competitiveness and effectiveness of compensation programs.
- Monitor compensation structures, equity analysis of roles, market values, and geographic differentials and recommend updates as needed.
- Evaluate new job requests for alignment with existing roles, partnering with HR, business leaders, and HRIS as needed; determine the need for a new role through a review of the existing library and structure; evaluate appropriate FLSA status.
- Manage the integrity of job data in the HR system to ensure employees are classified correctly and report data is accurate.
- Use analytics to monitor the effectiveness of compensation programs and policies.
- Identify and participate in salary surveys; analyze results to determine the organization’s competitive positioning taking a proactive stance to market pay.
- Determine annual merit budgets and updates to existing salary structures and geographic differentials, as needed.
- Provide guidance and support to HR leaders and managers on compensation-related matters.
- Maintain current knowledge of environmental, legal, and regulatory factors that impact compensation practices. Keep current on trends in total rewards strategies and company objectives.
- Develop data visualizations, presentations, communications, and materials related to the compensation programs and processes.
Minimum Experience:
- 5 years of compensation experience preferably in healthcare
- Requires a BA/BS Degree in business, human resources, finance, or related field; CCP preferred,
- Highly proficient in MS Excel, and proficient in Word and PowerPoint. Experience with HRIS systems
- Ability to work independently, prioritize activities, and self-manage focus and time for optimum results
- Strong analytical mindset with knowledge of quantitative and qualitative research methods
This position is exempt and not eligible for overtime.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule: Monday to Friday
Application Question(s): Do you live in Virginia?
Experience: compensation analytics: 5 years (Required)
License/Certification: Certified Compensation Professional (Preferred)
Work Location: Remote
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