Sr Compensation Analyst jobs in United States
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MedStar Health · 5 hours ago

Sr Compensation Analyst

MedStar Health is a prominent healthcare organization seeking a Senior Compensation Analyst who will provide expert guidance on complex compensation issues. The role involves developing and administering compensation programs, evaluating jobs, conducting market analysis, and leading projects to ensure the organization attracts and retains qualified employees.

Health CareMedical

Responsibilities

Provides analytical in-depth analytical support on compensation-related projects (ie. new business acquisitions and system-wide initiatives)
Contributes to the achievement of established department goals and objectives and adheres to department policies procedures quality standards and safety standards. Complies with governmental and accreditation regulations
Exercises independent judgment and takes actions that may set precedents
As subject matter expert provides guidance to compensation team members human resources and management staff on complex compensation issues. Assists in training and orienting department staff
Assists in developing administering and maintaining compensation policies and special pay practices. Interprets and explains compensation-related policies and practices to HR business partners and management. Serves as a consultant to HR and department leaders in designing and implementing special pay programs (premiums etc.). Collaborates with HR business partners across entities as appropriate to ensure that systemness is maintained. Helps ensure achievement of established department goals and objectives and adherence to department policies procedures quality standards and safety standards. Complies with governmental and accreditation regulations
Effectively utilizes available software packages to obtain maintain and report accurate data for analysis. Functions as a super user for the market-pricing system to include designing reports partnering with HRIS on changes to the PeopleSoft interface and managing user security
Identifies opportunities for and implements process improvement. Makes recommendations for major changes in compensation programs
Leads special projects from initial implementation through completion as requested
Ensures integrity of compensation-related data through regular audits; researches and notifies HR of the appropriate action to correct discrepancies and ensure compliance. Oversees enhancements to the merit tool. Provides appropriate training and communication to HR staff and users and provides user support when necessary. Monitors system for potential problems
Maintains up-to-date job descriptions in JDXpert. Reviews requests for new and revised positions. Evaluates jobs based upon market analysis and internal comparisons. Determines grade designations and FLSA classifications; assigns job codes and titles
Monitors trends in the competitive market through networking research and review of published surveys and reports. Recommends modifications to ensure programs continue to align with best practices and MedStar's compensation philosophy
Participates in salary surveys conducted by third-party administrators to secure relevant market data. Analyzes and interprets results
Participates in the administration of the annual merit and market process which includes but is not limited to market pricing each job making recommendations for change producing reports and presentations and implementing approved increases
Works with Payroll HRIS and ERP team members to design and implement system changes required for new/revised policies pay practices and earnings codes

Qualification

Compensation analysisMarket pricing methodologyCompensation policies developmentMicrosoft ExcelSHRM-SCP certificationCertified Compensation ProfessionalVerbal communicationWritten communicationProblem-solvingTeam collaboration

Required

Bachelor's degree in Human Resources, Business or related field or an equivalent combination of education and related experience required
5-7 years compensation analyst experience preferably in a health care environment required
Expert knowledge of compensation systems principles of wage and salary administration and market pricing methodology
Strong knowledge of Federal and State laws governing wage and salary administration
Demonstrated ability to solve a full range of complex problems
Advanced working knowledge of Microsoft Word, Excel and Access software applications
Excellent verbal and written communication skills

Preferred

SHRM-SCP preferred
SHRM-CP preferred
Senior Professional in Human Resources (SPHR)-HRCI preferred
Professional in Human Resources (PHR)-HRCI preferred
Certified Compensation Professional (CCP) preferred
Working knowledge of marketing pricing software is strongly preferred
Familiarity with JDXpert preferred

Company

MedStar Health

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MedStar Health is a not-for-profit healthcare organization

Funding

Current Stage
Late Stage
Total Funding
$29M
Key Investors
American Medical AssociationAgency for Healthcare Research and QualityA. James and Alice B. Clark Foundation
2023-06-21Grant
2022-09-27Grant· $2M
2020-07-03Grant· $27M

Leadership Team

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David Mayer
Executive Director MedStar Institute for Quality and Safety Quality and Safety CEO Patient Safety Mo
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Company data provided by crunchbase