Senior Compensation Analyst
Description
JOB SUMMARY
The Senior Compensation Analyst provides technical expertise, analysis and guidance regarding compensation to leaders, compensation analyst, talent acquisition and people business partners. Recommend, develop and implement compensation solutions to management that drive the compensation philosophy. Provides guidance to other compensation staff on escalated needs. Assists with special compensation projects.
The Senior Compensation Analyst must be able to communicate effectively with people of all job levels within the organization, have good evaluation and reporting skills. A primary driver of performance evaluation process, the Senior Compensation Analyst will track, follow up and report during the focal review period.
JOB REQUIREMENTS
Education
Education
- Bachelor’s Degree required
- Degree in Human Resource Management, Business Administration or related field preferred
Work Experience
- Four years of compensation analyst experience required; six years preferred
- Health care experience in multi-state analysis preferred.
- Experience in managing and implementing projects and strategic change initiatives preferred.
- Intermediate to advanced level experience with Excel required.
- Experience using salary market databases.
Required Licenses/Certifications
- CCP, PHR or SPHR or other Human Resource Certification preferred
Additional Knowledge, Skills and Abilities Required
DECISION MAKING – Makes sound, well-informed, and objective decisions; perceives the impact and implications of decisions; commits to action, even in uncertain situations, to accomplish organizational goals; cause change.
DECISION MAKING – Makes sound, well-informed, and objective decisions; perceives the impact and implications of decisions; commits to action, even in uncertain situations, to accomplish organizational goals; cause change.
FLEXIBILITY – Open to change and new information; adapts behavior or work methods in response to new information, changing conditions, or unexpected obstacles; effectively deals with ambiguity.
INTERPERSONAL – Develops and maintains excellent working relationships within the People Team and other business departments.
BUILDING RAPPORT - Exercises skill and diplomacy to establish PT as a trusted, credible business partner; creates buy-in with customers.
ORAL COMMUNICATION - Expresses information (ideas or facts) to individuals or groups effectively, considering the audience and nature of the information (technical, sensitive, controversial, etc.); makes clear and convincing oral presentations; listens to others, attends to nonverbal cues, and responds appropriately.
PROBLEM SOLVING – Identifies problems; determines accuracy and relevance of information; uses sound judgment to generate and evaluate alternatives, and to make recommendations.
SELF-MANAGEMENT – Sets well-defined and realistic personal goals; displays a high level of initiative, effort, and commitment towards completing assignments in a timely manner; works with minimal supervision; is motivated to achieve; demonstrates responsible behavior.
TECHNICAL COMPETENCE – Uses or gains knowledge that is necessary to perform the major functions that are described above (i.e., familiar with state/local laws that govern employment and can translate those into providing advice.)
WRITING – Recognizes and uses correct English grammar, punctuation, and spelling; communicates information in a succinct and organized manner; produces written information that is appropriate for the intended audience.
CUSTOMER SERVICE – Demonstrates a results-oriented focus for delivering appropriate services in an accurate, complete, and timely fashion.
TEAMWORK/COLLABORATION – Demonstrates skills and abilities in collaborative efforts with experience in team/project-oriented activities.
RELATIONSHIP MANAGEMENT – Maintains good communication and a positive relationship with employees at all levels of the organization to promote employee satisfaction. Projects excellent customer relations in all interactions.
Additional Knowledge, Skills, and Abilities Preferred
- HR information systems/database knowledge/experience with Workday highly preferred.
- Power Point and advanced level excel knowledge/experience including multi-function formulas, macros and pivot tables highly preferred.
ESSENTIAL FUNCTIONS
- Calculates and tracks monthly and quarterly bonuses, including payout, for staff and providers using excel spreadsheets and/or email merges
- Assists in the development of incentive programs for staff and providers
- Reviews job descriptions for accuracy and FLSA determination; works with hiring managers and TA team as needed
- Analyzes and determine pay range for new or revised roles using salary surveys and internal market differentials for geographic location, site premiums and other position type premiums
- Reviews and makes salary offer recommendations for new hires and internal moves (including promotions, transfers and changes to employment status types)
- Maintains salary structures for all markets including annual review of job grades for each market.
- Maintains job descriptions database
- Collaborates and coordinates with other compensation team members on annual compensation projects and tasks
- Adheres to compensation guidelines, recommend changes and communication of the guidelines.
- Participates in the performance evaluation process
- Assists with preparation of compensation data and other presentation materials for market leaders related to budgeting and planning
- Participates in complex compensation projects
- Establishes productive relationships and rapport with customers to gain joint understanding of business goals, strengths, and opportunities providing timely follow up on issues/concerns
- Supports and assists with implementation of Human Resources (People Team) initiatives to enhance successful rollout and acceptance throughout the organization
- Escalates high-risk situations that may have an impact on the organization to manager
- Assists People Team with special projects including spreadsheets for tracking
- Assists leaders with components of People Team standards for compliance (e.g., I-9 verification, Performance Evaluations, license/certification renewal etc.,).
- Other duties as assigned
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