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Compensation Specialist
2 months ago
We are seeking a highly skilled Compensation Analyst to join our team at Northwell Health. As a key member of our compensation team, you will be responsible for analyzing, verifying, tracking, and reporting on compensation programs, including job evaluation and analysis for assigned functional areas.
Key Responsibilities- Analyze and verify compensation programs to ensure compliance with regulatory requirements and organizational policies.
- Track and report on compensation data to inform business decisions and drive strategic initiatives.
- Collaborate with department heads to develop and modify job descriptions in accordance with requirements.
- Conduct market pricing and salary surveys to ensure competitive compensation practices.
- Model compensation alternatives and costs out changes to inform business decisions.
- Ensure statutory, regulatory, and organizational requirements are met, including FLSA and other regulations.
- Collaborate with Labor and Employee Relations and Talent Acquisition to drive business outcomes.
- Participate in special projects, such as reorganizations, acquisitions, and across-the-board increase processes.
- Complete timely and accurate salary surveys and analyze results as necessary.
- Bachelor's Degree required, or equivalent combination of education and related experience.
- 1-3 years of compensation experience, required.
- Prior experience with market pricing, salary surveys, and job architecture strongly preferred.
- Advanced knowledge in Excel, preferred.
The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future.
When determining a team member's base salary and/or rate, several factors may be considered as applicable (e.g., location, specialty, service line, years of relevant experience, education, credentials, negotiated contracts, budget, and internal equity).
