Compensation Analyst
3-5 month Contract
Full-time (standard EST hours)
Remote (must live in EST or CST)
$45-52hr
Must haves:
-Bachelor degree
-6+ years of compensation experience
-Has worked at a large hospital, healthcare or academia organization
-Excel (strong)
-PowerPoint
Preferred:
-Workday
-Payscale or Payfactors (Payscale merged with Payfactors in 2021)
Job Description:
The Sr. Compensation Consultant plans, manages and performs analysis related to large/complex compensation projects. Works directly with leaders and HRBP's to evaluate needs, create effective project plans and timelines, recommend and implement solutions. Assists in the designs and development of new compensation structures and programs for the institute and maintains and updates existing programs.
Responsibilities:
- Works directly with leaders and People Strategy Partners, independently or with other Compensation team members to evaluate needs, recommend and implement solutions for compensation and performance programs, job structure projects, and other pay and performance related projects
- Assists in the designs and development of new compensation structures and programs for the institute and maintains and updates existing programs
- Develops effective project plans, identifying key deliverables and implementing solutions based on pre-determined timelines. Assures key deliverables and deadlines are met
- Prepares meeting materials and presentations. Assures equipment, meeting agendas, meeting rooms or teleconference ability is available and enabled prior to meetings. Presents or co-presents material
- Works with other HR team members to finalize and implement new pay programs and assure data, systems, and communications aspects are completed successfully. Follows up on effectiveness of compensation projects with People Strategy Partners
- Perform job and market analysis, as well as collects market intelligence to build effective pay models
- Develops effective communication documents and training tools
- Assists with compensation training for HR staff members and facilitates train-the-trainer programs
- Recommends process improvements, assists in the evaluation and selection of new system. May lead systems implementation projects
- Develops effective job documentation and job family structures
- Assists in the training and development of Compensation Team members
- Performs other job-related duties as assigned
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
- Strong knowledge of compensation principles
- Ability to evaluate business needs, interpret role requirements, position scope and responsibilities and develop accurate job documentation and career ladders
- Excellent verbal and written communication skills, and exceptional research, analytical, evaluation, and customer service skill
- Ability to plan, coordinate, and administer complex project work
- Knowledge of Compensation related regulations (e.g. FLSA, Massachusetts Pay Equity Act)
- Advanced Excel, PowerPoint, and database skills including the development of complex spreadsheets and presentations, and experience preparing, documenting and presenting narrative reports and statistical analyses
QUALIFICATIONS:
-Bachelor's degree, preferably in HR, Business, or a related field.
-8+ years of compensation experience, including planning and managing large or complex compensation projects.
-Experience developing new pay structures and pay-for-performance or bonus programs is preferred.
