Compensation Analyst

Planet Professional; Boston (MA); Remote; USD 125,000 - 150,000; Full time

Job summary

An established industry player is seeking a talented Compensation Analyst to join their dynamic team. This role involves planning and managing complex compensation projects, working closely with company leaders and HR partners to craft effective solutions. The ideal candidate will have a strong background in compensation analysis, with excellent communication and project management skills. This opportunity offers a chance to make a significant impact in a collaborative environment, contributing to the development of innovative compensation structures and programs. If you're ready to take on a challenging yet rewarding position, this is the perfect fit for you.

Benefits

Medical insurance

Vision insurance

Qualifications

• 4+ years of compensation experience required.
• Strong knowledge of compensation principles and regulations.
• Experience in planning and managing compensation projects.

Responsibilities

• Evaluate needs and recommend solutions for compensation programs.
• Develop effective project plans and ensure deadlines are met.
• Assist in designing new compensation structures and programs.

Skills

Compensation Analysis

Excel

PowerPoint

Project Management

Communication Skills

Education

Bachelor’s degree in Human Resources

Business or related field

Tools

Smartsheet

Payfactors

Job description

3 days ago Be among the first 25 applicants

This range is provided by Planet Professional. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$45.00/hr - $52.00/hr

Direct message the job poster from Planet Professional

Senior Recruiter at Planet Professional (formerly WinterWyman)

Compensation Analyst

Contract

3 months (could extend)

Start asap (no later than 6/2)

Process: phone screen + 1-2 video interviews

Industry: Hospital, about 10000 employees, 9 on Comp team

Hours: full-time

Position Location: Remote (must live in MA, NH or RI - VT and ME okay too)

Background check- yes

Why open: Cover a leave.

Must haves:

-4+ years of compensation experience

-Excel (strong)

-PowerPoint

Preferred:

-Healthcare, clinical, research or academia industry

-Smartsheet

-Payfactors

Job Description:

The Compensation Analyst plans, manages and performs analysis related to large/complex compensation projects. Works directly with company leaders and HR business partners to evaluate needs, create effective project plans and timelines, recommend and implement solutions. Assists in the designs and development of new compensation structures and programs for the institute and maintains and updates existing programs.

QUALIFICATIONS:

• Bachelor’s degree in Human Resources, Business or related field. Extensive experience may substitute for degree.
• 4+ years of compensation experience
• Experience planning and managing large/complex compensation projects
• Experience developing new pay and pay-for-performance/bonus programs preferred

PRIMARY RESPONSIBILITIES:

• Works directly with company leaders and HR business partners, independently or with other Compensation team members to evaluate needs, recommend and implement solutions for compensation and performance programs, job structure projects, and other pay and performance related projects.
• Assists in the designs and development of new compensation structures and programs for the institute and maintains and updates existing programs.
• Develops effective project plans, identifying key deliverables and implementing solutions based on pre-determined timelines. Assures key deliverables and deadlines are met.
• Prepares meeting materials and presentations. Assures equipment, meeting agendas, meeting rooms or teleconference ability is available and enabled prior to meetings. Presents or co-presents material.
• Works with other HR team members to finalize and implement new pay programs and assure data, systems, and communications aspects are completed successfully. Follows up on effectiveness of compensation projects with HR Business Partners.
• Assist with annual compensation planning processes, and strategic and budget planning projects.
• Perform job and market analysis, as well as collects market intelligence to build effective pay models.
• Develops effective communication documents and training tools
• Assists with compensation training for HR staff members and facilitates train-the-trainer programs
• Recommends process improvements, assists in the evaluation and selection of new system. May lead systems implementation projects
• Develops effective job documentation and job family structures
• Assists in the training and development of Compensation Team members

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:

• Strong knowledge of compensation principles.
• Ability to evaluate business needs, interpret role requirements, position scope and responsibilities and develop accurate job documentation and career ladders
• Excellent oral and written communication skills, and exceptional research, analytical, evaluation, and customer service skill
• Ability to plan, coordinate, and administer complex project work.
• Knowledge of Compensation related regulations (e.g. FLSA, Massachusetts Pay Equity Act)
• Advanced Excel, PowerPoint and database skills including the development of complex spreadsheets and presentations, and experience preparing, documenting and presenting narrative reports and statistical analyses

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Contract

Job function

• Job function

  Human Resources

• Industries

  Hospitals and Health Care

Referrals increase your chances of interviewing at Planet Professional by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

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