Compensation Analyst

12 hours ago


Myrtle Point, Oregon, United States SCA Health Full time
Job DescriptionOverview

SCA Health is a dynamic organization that values its teammates and strives to provide a supportive work environment. As a Compensation Analyst, you will play a crucial role in shaping the company's compensation strategy and ensuring that our teammates are fairly compensated for their hard work.

The Compensation Analyst will be responsible for providing broad-based, variable, and executive compensation support activities, including job evaluation, market pricing and benchmarking, salary surveys, incentive plan design, process mapping, policy interpretation, compensation database and system maintenance and administration, analytical and reporting support, and job description development.

The ideal candidate will have excellent analytical and statistical skills, with advanced proficiency in MS Excel, including Macros and Power BI. They will also be able to handle sensitive and confidential information while demonstrating strong judgment and integrity aligned with SCA values.

Responsibilities

  • Responsible for working with highly sensitive and confidential information and maintaining the confidentiality of the information used during the normal course of business.
  • Participates in approved salary surveys through the collection and reporting of data to third-party survey providers. Reviews salary survey results and provides recommendations on additions/deletions of benchmark jobs in use.
  • Provides analytical support in complex aspects in the development of merit budgets, salary structure modifications, and incentive plan data gathering and reporting.
  • Provides expertise in accessing, changing, maintaining, and assuring the quality of compensation and HR databases.
  • Prepares complex economic and cost impact models of compensation initiatives for individually assigned activities or as part of larger Compensation department initiatives.
  • Provides counseling to management in the review of complex pay changes on an individual level (e.g., promotions, transfers, etc.), or enterprise-wide basis, (e.g., merit planning cycles, etc.).
  • Keeps current in all aspects of compensation through formal and informal training, participation in local and national professional organizations, continuous learning and reading, and general professional curiosity.
  • Manages complex ad-hoc Compensation projects, analyses, and requests including but not limited to acquisitions, integrations, and divestitures.
  • Support Annual Compensation Planning activities (merit pay and bonus administration)
  • Participates in the development of incentive compensation plan designs (e.g., annual incentive plans quarterly incentive plans, sales incentive compensation, etc.) and assures model validation and alignment with goals, forecasts costs and develops the communication plans, tools to measure attainment against plan, and calculation of potential award amounts.
  • Counsels business leaders, HR leaders, HR Business Partners, Talent Acquisition teammates, and others across the organization on many aspects of SCA's compensation philosophy, teammate value proposition, market pricing, internal equity, job evaluation, broadband structures, and other aspects of compensation to ensure SCA effectively recruits and retains top-tier talent.
  • Develops, analyzes, and makes recommendations for compensation programs in support of specific business units within the Company to ensure they are competitive within the market, position, and industry. May meet with senior level executives to present programs, answer questions, and gain approval of compensation programs.
  • Assists with the enhancement of the compensation aspect in HR information systems (UKG, iCIMS, Service Now) to ensure service delivery on strategies and initiatives.
  • Ensures adherence to organization's compensation-related policies, procedures and regulations.
  • Comply with local, state, and federal wage regulations.

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