Sr. Compensation Analyst

Job Description JOB PURPOSE: Responsible for analyzing and managing compensation programs, supporting compensation administration, ensuring alignment with industry standards and organizational goals, and translating the organizational strategies into results. This includes position description evaluations, FLSA determination, base and variable pay administration, survey participation, and conducting compensation evaluations. Must have a strong background in compensation analysis, a keen understanding of market trends, and the ability to provide strategic recommendations that drive equitable and competitive pay practices. SCOPE OF RESPONSIBILITIES A. Compensation Analysis: Conduct comprehensive compensation analyses to ensure internal equity and external competitiveness. Evaluate market trends, benchmark data, and salary surveys to make informed recommendations. B. Salary Reviews: Analyze and review salary data to identify discrepancies and provide recommendations for adjustments to ensure alignment with pay grade minimums and market conditions. C. Compensation Structures: Develop and maintain compensation structures, including salary ranges, pay grades, and incentive programs. Ensure structures are up-to-date and reflective of market conditions and organizational objectives. D. Reporting & Metrics: Prepare and present detailed compensation reports, metrics, and dashboards to HR leadership and other stakeholders. Track and analyze compensation trends and effectiveness. E. Policy Development: Assist in the development, implementation, and communication of compensation policies and procedures. Ensure compliance with legal requirements and industry best practices. F. Market Research: Stay current with compensation trends, regulations, and best practices. Conduct regular market research and salary benchmarking to ensure competitive pay practices. G. Employee Queries: Address employee inquiries related to compensation, including pay discrepancies and compensation structure questions. Provide clear and accurate information and support. H. Collaboration: Work closely with HR Business Partners, Finance, and other departments to support compensation-related initiatives and ensure alignment with overall business strategies. PRINCIPAL ACCOUNTABILITIES: Skills : Proficiency in compensation software and tools, advanced Excel skills, and experience with data analysis and reporting. Familiarity with HRIS systems is a plus. Knowledge : In-depth understanding of compensation principles, labor market trends, and regulatory requirements. Knowledge of industry-specific compensation practices is an advantage. Analytical Abilities : Strong analytical and problem-solving skills, with the ability to interpret data and provide actionable insights and recommendations. Communication : Excellent verbal and written communication skills, with the ability to present complex information clearly and effectively to various stakeholders. Other duties as assigned Qualifications QUALIFICATIONS: Experience : 5-7 years of experience in compensation analysis or a related role, with a strong track record of handling complex compensation issues and projects. Healthcare experience preferred. Physician Compensation experience is a plus. Education : Bachelor's degree in Human Resources, Business Administration, Finance, or a related field required. CCP or GRP certification is a plus. Proficient with compensation research and data analysis. Must have strong and proven analytical skills, detail oriented, and organizational skills. Advanced Excel skills and Oracle Cloud experience preferred. Competencies: 1. Analytical leader who leverages data to influence decisions and has a high level of clinical business acumen. 2. Takes a positive and proactive approach to management with the proven ability foster a culture of high performance through respect and collaboration. 3. Ability to establish and maintain relationships with stakeholders, to drive deliverables and decisions to completion. 4. Possesses exceptional communication skills that are appropriately challenging when needed, promoting an environment where issues are identified and resolved. 5. Works with integrity and high ethical standards, while being comfortable with creating systems of accountability. 6. High level of intelligence demonstrated through effective problem-solving skills, the ability to multitask and make decisions quickly. 7. Ability to collaborate on several projects simultaneously with adherence to deadlines. 8. Ability to prioritize tasks. 9. HRIS systems and reporting. 10. Maintain a high degree of confidentiality. 11. Problem solving, critical thinking, and deductive reasoning skills required. About Us ABOUT US At Atlantic Health System, our promise to our communities is; Anyone who enters one of our facilities, will receive the highest quality care delivered at the right time, at the right place, and at the right cost. This commitment is also echoed in the respect, development and opportunities we give to our more than 20,000 team members. Headquartered in Morristown, New Jersey, we are one of the leading non-profit health care systems in the nation. Our facilities and sites of care include: Morristown Medical Center, Morristown, NJ Overlook Medical Center, Summit, NJ Newton Medical Center, Newton, NJ Chilton Medical Center, Pompton Plains, NJ Hackettstown Medical Center, Hackettstown, NJ Goryeb Children's Hospital, Morristown, NJ CentraState Healthcare System, Freehold, NJ Atlantic Home Care and Hospice Atlantic Mobile Health Atlantic Rehabilitation We also have more than 900 community-based healthcare providers affiliated through Atlantic Medical Group. Atlantic Accountable Care Organization is one of the largest ACOs in the nation, and we are a member of AllSpire Health Partners. We have received awards and recognition for the services we have provided to our patients, team members and communities. Below are just a few of our accolades: 100 Best Companies to Work For ® and FORTUNE® magazine for 15 years Best Places to Work in Healthcare - Modern Healthcare 150 Top Places to work in Healthcare - Becker's Healthcare 100 Accountable Care Organizations to Know - Becker's Hospital Review Best Employers for Workers over 50 - AARP Gold-Level "Well Workplace": Wellness Council of America (WELCOA) One of the 100 Best Workplaces for "Millennials" Great Place to Work® and FORTUNE® magazine One of the 20 Best Workplaces in Health Care: Great Place to Work® and FORTUNE® magazine Official Health Care Partner of the New York Jets NJ Sustainable Business EEO STATEMENT Atlantic Health System, Inc. is an equal employment opportunity employer and federal contractor or subcontractor and therefore abides by applicable laws to protect applicants and employees from discrimination in hiring, promotion, discharge, pay, fringe benefits, job training, classification, referral, and other aspects of employment, on the basis of race, color, religion, sex (including pregnancy, gender identity and sexual orientation), national origin, citizenship status, disability, age, genetics, or veteran status. About the Team Atlantic Health System is at the forefront of medicine, setting standards for quality health care powered by a workforce of more than 18,000 team members and 4,800 affiliated physicians dedicated to building healthier communities, the system offers more than 400 sites of care, including eight award-winning medical centers. Specializing in cardiovascular care, cancer care, orthopedics, neuroscience, pediatrics, women's health and rehabilitation medicine. Atlantic Medical Group, comprised of 1,000 physicians and advanced practice providers, represents one of the largest multi-specialty practices in New Jersey and includes finance, legal, marketing, human resources, talent acquisition, ISS and more. Caring for our patients, our team members and the communities we serve is our central mission.

Created: 2024-10-22