Benefits and Compensation Analyst, Corporate Office
6 days ago
About the Role
This is a challenging and rewarding opportunity to join the Prisma Health team as a Compensation Analyst. As a key member of the Human Resources department, you will play a critical role in administering complex compensation programs and initiatives that support the organization's strategic plan.
Key Responsibilities
- Compensation Program Administration
- Administer salary and wage programs, ensuring equitable and consistent application of compensation policies and guidelines.
- Conduct market analyses and job evaluations for assigned areas, recommending appropriate salary grades and job titles based on external market data and/or analysis of internal positions.
- Salary Administration
- Advises management regarding salary administration problems and issues, including hiring offers, incentive and merit evaluations, equity adjustments, and other pay-related issues.
- Monitors compliance with compensation policies and guidelines, collaborating with management and other Human Resources functional areas to enhance the level of human resources support provided to departments.
- Compensation Projects and Initiatives
- Formulates, develops, and implements organization-wide compensation projects and initiatives, conducting cost analysis projects as necessary to determine financial impact of job grade adjustments and equity adjustments.
- Collects and manipulates data obtained throughout the use of HRIS and payroll software and manual data collection methods.
- Market Research and Analysis
- Conducts annual review of market conditions to determine appropriate salary structure changes and specifications for annual merit program.
- Compiles and analyzes cost implications for merit and salary structure recommendations, assisting in the development of the annual salary budget.
- Special Pay Requests and Compliance
- Coordinates and processes special pay requests, identifying and resolving problems regarding employee compensation.
- Maintains knowledge of legal issues, including Fair Labor Standards Act (FLSA), and advises management regarding legal compliance.
- Job Classifications and Data Management
- Maintains current job description database, ensuring individual employee records are accurate and up-to-date.
- Maintains and updates job class tables in Human Resources Information Systems, coordinating with Employee Information as necessary.
Requirements
- Bachelor's Degree in Business or closely related field.
- 3 years of proven analytical experience in Compensation, Human Resources, Finance, or related field, with 2 years in healthcare, preferably.
Preferred Qualifications
- PHR, SHRM-CP, or Certified Compensation Professional.
- Experience administering federal and state wage and hour laws.
Work Environment
This is a full-time position, working in a corporate office environment. The ideal candidate will be able to work independently and manage multiple priorities and tasks, with excellent written and verbal communication skills.
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