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Financial Compensation Analyst Jobs in Tennessee

As a Senior Compensation Analyst with HCA Healthcare you can be a part of an organization that is ... financial wellbeing counseling * Education support through tuition assistance, student loan ...

Bachelor's degree preferred, Business, Accounting, Finance, or Analytics. Pay Details: The base compensation range for this position is $107,000 - $145,000. This range reflects Acrisure's good faith ...

Collaborate with HR, Finance, and business leaders to understand workforce needs and compensation challenges. * Present compensation analyses, recommendations, and program outcomes to executives and ...

Collaborate with HR, Finance, and business leaders to understand workforce needs and compensation challenges. * Present compensation analyses, recommendations, and program outcomes to executives and ...

Collaborate with HR, Finance, and business leaders to understand workforce needs and compensation challenges. * Present compensation analyses, recommendations, and program outcomes to executives and ...

Collaborate with HR, Finance, and business leaders to understand workforce needs and compensation challenges. * Present compensation analyses, recommendations, and program outcomes to executives and ...

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Financial Compensation Analyst information

What does a financial compensation analyst do?

A Financial Compensation Analyst is responsible for analyzing, developing, and administering a company's compensation programs, such as salaries, bonuses, and incentives. They ensure that compensation practices are competitive, fair, and comply with legal requirements. Their work involves researching market trends, conducting salary surveys, and providing recommendations to management on pay structures and policies. The goal is to attract, motivate, and retain talent while maintaining the organization's financial health.

What are the key skills and qualifications needed to thrive as a financial compensation analyst, and why are they important?

To thrive as a Financial Compensation Analyst, you need strong analytical skills, knowledge of compensation theory, and a background in finance, accounting, or human resources, often supported by a relevant degree. Proficiency in Excel, HRIS systems, and compensation benchmarking tools, as well as certifications like CCP (Certified Compensation Professional), are commonly required. Attention to detail, strong communication abilities, and discretion with sensitive data are essential soft skills for this role. These skills and qualities are crucial for accurately evaluating compensation strategies, ensuring compliance, and supporting organizational competitiveness in talent management.

What are some common challenges faced by financial compensation analysts, and how can they be addressed on the job?

Financial Compensation Analysts often encounter challenges such as managing large volumes of sensitive data, keeping up with evolving compensation trends, and ensuring compliance with relevant regulations. To address these, analysts typically use specialized HR and compensation software, collaborate closely with HR and finance teams, and participate in ongoing professional development. Proactive communication and analytical skills are key to providing accurate pay recommendations and supporting fair compensation practices.

What is the difference between Financial Compensation Analyst vs Compensation Analyst?

AspectFinancial Compensation AnalystCompensation Analyst
Required CredentialsBachelor's in Finance, HR, or related field; certifications like CCP or CBPBachelor's in HR, Business, or related; certifications like CCP or CBP
Work EnvironmentFinance departments, corporate offices, consulting firmsHR departments, corporate offices, consulting firms
Employer & Industry UsageFinancial services, corporate finance, consultingHuman resources, corporate, consulting
Common Search & ComparisonYesYes

The main difference between a Financial Compensation Analyst and a Compensation Analyst lies in their focus areas. Financial Compensation Analysts typically work within finance or corporate finance departments, emphasizing the financial impact of compensation strategies. Compensation Analysts focus on HR and employee compensation programs. Both roles require similar certifications and often operate in similar environments, but their primary focus and industry usage differ slightly.

Is a financial compensation analyst a good career?

A financial compensation analyst is a valuable role that involves analyzing salary data, benefits, and compensation structures to ensure competitiveness and compliance. The job typically requires strong analytical skills, proficiency with spreadsheets and compensation software, and often a background in finance or human resources. It offers opportunities for career growth in finance and HR departments, with a stable demand across various industries.

What job categories do people searching Financial Compensation Analyst jobs in Tennessee look for?

The top searched job categories for Financial Compensation Analyst jobs in Tennessee are:

What cities in Tennessee are hiring for Financial Compensation Analyst jobs?

Cities in Tennessee with the most Financial Compensation Analyst job openings:

Senior Compensation Analyst

HCA Healthcare

Franklin, TN • On-site

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago


Key responsibilities

  • Support the Compensation function by administering incentives, annual increases, and compensation initiatives.

  • Lead compensation analytics, modeling, and parts of the salary planning, budget, and incentive payment processes.

  • Resolve complex inquiries related to compensation programs, develop procedures to ensure compliance, and lead compensation-related meetings.


HCA Healthcare rating

6.5

Company rating: 6.5 out of 10

Based on 2,310 frontline employees who took The Breakroom Quiz

614th of 898 rated healthcare providers


Job description

Last year our HCA Healthcare colleagues invested over 156,000 hours volunteering in our communities. As a Senior Compensation Analyst with HCA Healthcare you can be a part of an organization that is devoted to giving back!

Job Summary and Qualifications

The Senior Compensation Analyst supports the Compensation function by administering incentives, annual increases, project management of compensation initiatives, and assisting with HR inquiries.

What you will do in this role:

  • ​Lead compensation analytics and modeling in support of union negotiations
  • Assist in implementing and executing negotiated compensation programs in unionized facilities
  • ​​​Partner with Compensation Directors to provide compensation policies and practices guidance to Leaders, Managers and HR Business Partners
  • ​​​Analyze internal salary structures and provide guidance as necessary on changes to grade assignments
  • ​Independently resolve complex inquiries that arise related to the development, implementation and administration of compensation programs, policies, practices and processes to support business needs
  • ​​​Lead compensation initiatives or projects
  • ​​​Lead parts of salary planning process
  • ​Lead parts of the budget process
  • ​Lead calculation and incentive payment process
  • ​​Identify and analyze business problems and devise procedures and solutions to the problems
  • ​​​Leads compensation related meetings
  • ​​​Develops and documents procedures to streamline processes and ensure compliance with regulatory requirements
  •  ​​Identify need and create ad hoc reporting and analysis to assist with solution identification
  • ​​​Leads compensation transaction approval process via Lawson in-basket
  • ​​Cash incentive administration
  • ​​​Annual increase administration
  • ​Compensation communication strategies 
What qualifications you will need:
  •  ​​Bachelor's degree​ Required​
  •  ​​5+ years of relevant work experience Required​

Benefits

HCA Healthcare, offers a total rewards package that supports the health, life, career and retirement of our colleagues. The available plans and programs include:

  • Comprehensive benefits for medical, prescription drug, dental, vision, behavioral health and telemedicine services
  • Wellbeing support, including free counseling and referral services
  • Time away from work programs for paid time off, paid family leave, long- and short-term disability coverage and leaves of absence
  • Savings and retirement resources, including a 401(k) Plan with a 100% match on 3% to 9% of pay (based on years of service), Employee Stock Purchase Plan, flexible spending accounts, preferred banking partnerships, retirement readiness tools, rollover support and financial wellbeing counseling
  • Education support through tuition assistance, student loan assistance, certification support, dependent scholarships and a partnership with Galen College of Nursing
  • Additional benefits for fertility and family building, adoption assistance, life insurance, supplemental health protection plans, auto and home insurance, legal counseling, identity theft protection and consumer discounts

Learn more about Employee Benefits

Note: Eligibility for benefits may vary by location.

Human Resources Group empowers our people to grow and give purpose to the HCA Healthcare culture. We deliver our Human Resource model in three sectors: HR Business Partners, HR Shared Operations and HR Centers of Excellence. HR Business Partner teams are critical to the success of our HR delivery model. We drive performance to achieve successful results to better care for our patients, communities and each other.
HCA Healthcare has been named one of the World's Most Ethical Companies by Ethisphere Institute for ten consecutive years (2010-2019). In 2019, HCA Healthcare spent an estimated $3.7 billion in cost for the delivery of charitable care, uninsured discounts, and other uncompensated expenses.

"There is so much good to do in the world and so many different ways to do it."- Dr. Thomas Frist, Sr.
HCA Healthcare Co-Founder

Be a part of an organization that invests in you! We are reviewing applications for our Senior Compensation Analyst opening. Qualified candidates will be contacted for interviews. Submit your application and help us raise the bar in patient care!

We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.


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