Compensation Analyst

2 months ago

Rancho Cucamonga, United States Inland Empire Health Plan Full time

Overview:

What you can expect

Find joy in serving others with IEHP We welcome you to join us in healing and inspiring the human spirit and to pivot from a job opportunity to an authentic experience

The Compensation Analyst is responsible for assisting with the development, evaluation, integrity and overall support of IEHPs Compensation Administration program and competitive pay practices. Works closely with the Compensation team to effectively administer compensation programs: performance merit increases, internal and external compensation offers, internal equity analysis and any other Team Member compensation changes. Participates in industry-wide compensation surveys to ensure IEHPs compensation programs are market competitive and meet plan objectives. Provides guidance and assistance on compensation administration policies and procedures. Ensures compliance with the Fair Labor Standards Act and other applicable laws.

Major Functions (Duties and Responsibilities)

1. Assist with the development, implementation, and administration of compensation practices, identify opportunities for improvement to Compensation policies and practices and make recommendations to HR leadership.
2. Review and address all pending requests including new hire offers, promotions and transfers in TMS, and send timely reminders to leadership to prevent delays in processes and retros. This may include review of Position Control Committee (PCC) submissions, conferring with managers and preparing written reports on findings and recommendations.
3. Conduct job analysis, evaluation, and salary administration to determine appropriate pay grades, salary ranges, and pricing based on internal and external equity. This may include review and assessment of market data, benchmark descriptions, and departmental compensation reviews. Prepare and present summary reports of compensation analysis, cost, and impact in an easily understandable format to non-technical audiences and in anticipation of business needs.
4. Regularly review and audit positions, Team Members salaries, compa-ratios, pay ranges and pay practices to ensure they are fair, competitive, and equitable, and identify Team Members below and/or above range minimum and maximum, in compliance with IEHP policies, guidelines, wage and hour laws and best practices.
5. Participate in compensation surveys. Benchmark positions using salary surveys for developing and maintaining salary structures, pay grades and other compensation practices. Prepare and present findings and recommendations, and handle administrative steps to formalize recommendations.
6. Document and maintain all position changes on a monthly basis including pay grade changes, new and inactive positions while ensuring data integrity in both TMS and ADP systems. Assist in the preparation and audit of the monthly pay schedule.
7. Review new positions in anticipation of recruitment to ensure appropriate classification. Based on position-specific information, determine if an existing description can be used for classification. As necessary, audit and recommend modifications to position descriptions which accurately reflect current roles, responsibilities, requirements and FLSA status.
8. Take initiative in all compensation projects and proactively research and propose recommendations in anticipation of business needs.
9. Ensure data accuracy and integrity by performing periodic audits. Work with internal teams to identify and resolve data issues.
10. Research situations as they arise related to aspects of compensation to provide clarity for resolution in consideration of historical practices, similar situations, etc.
11. Assist with the development and documentation of compensation procedures to streamline processes and ensure compliance with IEHP compensation philosophy and regulatory requirements.

Commitment to Quality: The IEHP Team is committed to incorporate IEHPs Quality Program goals including, but not limited to, HEDIS, CAHPS, and NCQA Accreditation.

Additional Benefits:

Perks

IEHP is not only committed to healing and inspiring the human spirit of our Members; we also aim to match our Team Members with the same energy by providing prime benefits and more.

  • CalPERS retirement
  • 457(b) option with a contribution match
  • Generous paid time off- vacation, holidays, sick
  • State of the art fitness center on-site
  • Medical Insurance with Dental and Vision
  • Paid life insurance for employees with additional options
  • Short-term, and long-term disability options
  • Pet care insurance
  • Flexible Spending Account Health Care/Childcare
  • Wellness programs that promote a healthy work-life balance
  • Career advancement opportunities and professional development
  • Competitive salary with annual merit increase
  • Team bonus opportunities


Qualifications:

Education & Experience

  • Bachelors degree in Human Resources or related field required from an accredited institution required.
  • A minimum of three (3) years of experience in the administration of Human Resources compensation programs.
  • Internal IEHP Team Members with at least three (3) years of progressive IEHP Human Resources experience will be considered.

Key Qualifications

  • Thorough knowledge and understanding of California and Federal wage and hour laws. Requires in depth knowledge of the administration of varied compensation programs including range structure, survey data interpretation and best practices.
  • Extensive knowledge of quantitative and qualitative research methods including technical knowledge of EXCEL, which includes development of spreadsheets with formulas, functions, pivot tables, and V-lookups.
  • Demonstrated experience building strong client relationships using solid interpersonal and collaborative skills.
  • MS Office Excel experience required.

Start your journey towards a thriving future with IEHP and apply TODAY

Pay Range:
USD $38.49 - USD $57.25 /Hr.

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