The Compensation Analyst assists with the design, development, analysis and implementation components of the full compensation life cycle including job descriptions, job matching to market data, salary structure creation, benchmarking, salary planning and communications; Analyzes survey data and recommends pay range assignments for employee compensation changes; Assures through analysis, audits, and reports that the compensation program is consistently administered in compliance with company policies and government regulations; Assists in projects involving both compensation and total rewards.
The Analyst participates in the design, development and implementation of compensation redesign including compensation strategy/methodology, customized career framework, job documentation/descriptions based on career framework, salary structure recommendations, premium pay design and communication plan for all caregivers.
The Analyst also:
Participates in salary surveys, and analyzes data from survey sources to determine internal and external competitiveness as it relates to YRMC's compensation strategy/methodology.
Prepares compensation recommendations for promotions and demotions based on hospital system’s policies and practices; prices new jobs utilizing salary surveys or slotting.
Conducts the job evaluation process, consults with HR partners and core leaders who are creating or revising positions to develop job descriptions that meet internal standards and that reflect actual essential functions and minimum requirements.
Reviews job descriptions for content; request revisions as necessary to clarify or enhance the quality and consistency.
Conducts analysis of jobs, hourly wages, salaries, and incentives in order to evaluate internal equity, external competitiveness, and legal compliance of the organization’s pay practices. Assists in the administration of the performance appraisal and salary administration programs, reviewing changes in wages in conformance to policy.
Assists in the development and implementation of compensation communication and education materials and programs. Participates in hospital-wide A3 projects to support the continuous improvement efforts of the Human Resources department.
REQUIRED: Bachelors degree and a minimum of one year of related experience.
Work Schedule: 8-hours, Days, Monday through Friday
Physical Requirements and working conditions for this position will be provided to you upon interview.
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Job Status: Full Time
Job Reference #: 4310