Senior Compensation Analyst

Summary: The Senior Compensation Analyst will perform the more advanced analyses and consultation in support of Memorial Health System’s compensation program and associated practices. They will guide leadership in the development of job descriptions according to best practices while analyzing jobs and conducting market pricing / job evaluation to ensure market competitiveness. She/he will consult with others and recommends salary adjustments (as necessary) to ensure that employees are paid competitively and equitably.

Essential Duties and Responsibilities:

• Participates in various compensation surveys conducted by external vendors
• Administers the performance appraisal, merit pay and incentive compensation programs
• Evaluates jobs, reviews qualifications and licensure requirements for compliance with legal guidelines, and recommends range placement based on market data and internal equity
• Assigns FLSA exemption status and corresponding incentive eligibility based on approved criteria
• Communicates approved pay grades to leaders
• Conducts audits and analyze positions system-wide to maintain pay grade equity
• Consults leaders and other applicable organizational units regarding compensation policies and procedures, guidelines, salary ranges, and other related issues. Provides guidance and expertise regarding the use of bonus codes/pay practices. Collaborates with others to develop and implement workable, cost-effective options & solutions that meet organizational needs.
• Leads and coordinates the annual market review process. Analyzes the competitiveness of MHS’ salary structures and salaries. Researches and evaluates market conditions and recommends adjustments to structures, employees’ rates, pay practices and incentive plans.
• Guides leaders on the development of job descriptions and design of job families according to best practices. May serve as an author or editor of job descriptions to ensure conformity and consistency.
• Employs the compensation database for analyses and market pricing of jobs. Maintains the database as up-to-date and accurate, executing archival procedures as necessary for preservation of data.

Required Qualifications:

• Bachelor’s degree (or the equivalent in related work experience) is required
• Has attained (or is actively pursuing) the Certified Compensation Professional (CCP) designation or comparable compensation designation is required. Professional human resources certification(s), i.e., PHR, SPHR, SHRM-CP, SHRM-SCP is preferred
• Four or more years' experience as a Compensation Analyst, some of which includes experience leading compensation projects or project components, is required
• Possesses an in-depth knowledge of market pricing, job evaluation methodologies and base/incentive compensation administration
• Thorough working knowledge of compensation theories, practices, and applicable federal and state labor laws
• An intermediate-to-advanced level proficiency with Microsoft Word, Power Point, Excel, HR Information Systems, and compensation database systems
• Excellent accuracy & attention to detail when working with data/information
• Demonstrated ability to balance the needs of the organization while flexing to changing work priorities
• Ability to work with leadership on confidential and time-sensitive matters
• Excellent oral and written communication, with the ability to be persuasive and deal with potential conflict
• Ability to serve as a technical expert and trainer on compensation matters
• Must be able to maintain confidential information safe and secure at all times
• May be required to work beyond regular business hours to meet MHS needs

Preferred Qualifications:

• Master’s degree in business administration, human resources, or finance or comparable is preferred
• Experience as a Compensation Analyst in a health care setting is strongly preferred 

*This position is part of a 2 level job family. Placement is contingent upon applicant’s background and skills.