Compensation Analyst

RWJBarnabas Health

Franklin Township (NJ)

On-site

USD 83,156 - 117,458

Full time

14 days+

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Benefits offered by this job

Paid Time Off

Retirement Plans

Medical and Prescription DrugInsurance

Dental and Vision Insurance

Disability and Life Insurance

Tuition Reimbursement

Wellness Programs

Discounts Through Partners

Volunteer Opportunities

Job summary

RWJBarnabas Health is seeking a Compensation Analyst for the RWJBarnabas Health Corporate Services in Somerset, NJ. The role supports the design, implementation and administration of compensation programs, serving as the analytical backbone of the Compensation Team and ensuring integrity of external market data and the annual planning process.

Responsibilities include managing salary surveys, market pricing, job evaluations, internal equity, and collaboration with Benefits, Retirement and Talent

Qualifications

BS degree in HR or related field required.
Minimum 4 years in compensation or related analysis.
CCP certification preferred.
Strong Excel and analytical skills.
Ability to manage projects of varying complexity.

Responsibilities

Accountable for the salary survey submission process
Tracks surveys and due dates
Prepares compensation profile, position matches and data compilation for salary survey submission
Supports the annual market pricing process, will analyze salary survey results to assess market competitiveness, and effectiveness of pay related program
Makes recommendations based on data and analysis
Supports the job evaluation process by conducting job description evaluations
Appropriately places/slots jobs within the system compensation structure to ensure external market competitiveness and internal equity
Builds & maintains annual compensation calendar
Partners with the compensation team to organize key projects and milestones throughout the year
Partners with Benefits & Retirement to determine any overlaps and leverage synergies
As requested, conducts market analysis for individual employees/titles and develops recommendations for pay adjustments, promotional or developmental increases, and hiring ranges
Will work with Talent Acquisition to develop candidate offers
Point person for MSP (My Service Portal) requests
Responds to inquiries in a timely fashion and collaborates with other members of the compensation team, as needed, to ensure appropriate responses
Compile, analyze, interpret and/or process data to support HR needs
Including, but not limited to -- union negotiations, bonus payouts, year-end transfers, and mass pay rate adjustments
Performs special projects as assigned, may include ad-hoc research, analysis and conducting surveys in order to provide guidance on current and future Compensation programs

Skills

Strong Excel skills

Analytical mindset

Attention to detail

Project management

Education

BS Degree in Human Resources Management or a relevant discipline

CCP certification preferred

Job description

Compensation Analyst

Req #: 0000250410

Category: Human Resources

Status: Full-Time

Shift: Day

Facility: RWJBarnabas Health Corporate Services

Department: Total Rewards

Pay Range: $83,156.00 - $117,458.00 per year

Location: 379 CAMPUS DRIVE, SOMERSET, NJ 08873

Job Title: Data Analyst

Location: RWJ - 379 Campus Dr, Somerset

Department Name: Total Rewards

Req #: 0000250410

Status: Salaried

Shift: Day

Pay Range: $83,156.00 - $117,458.00 per year

Pay Transparency: The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.

Compensation Analyst

Job Summary

Supports the design, implementation and administration of compensation programs and policies.

Serves as the analytical backbone of the Compensation Team.

Responsible for the integrity of external market data and the smooth operation of the annual compensation planning process.

Job Specific Requirements

Accountable for the salary survey submission process
Tracks surveys and due dates
Prepares compensation profile, position matches and data compilation for salary survey submission
Supports the annual market pricing process, will analyze salary survey results to assess market competitiveness, and effectiveness of pay related program
Makes recommendations based on data and analysis
Supports the job evaluation process by conducting job description evaluations
Appropriately places/slots jobs within the system compensation structure to ensure external market competitiveness and internal equity
Builds & maintains annual compensation calendar
Partners with the compensation team to organize key projects and milestones throughout the year
Partners with Benefits & Retirement to determine any overlaps and leverage synergies
As requested, conducts market analysis for individual employees/titles and develops recommendations for pay adjustments, promotional or developmental increases, and hiring ranges
Will work with Talent Acquisition to develop candidate offers
Point person for MSP (My Service Portal) requests
Responds to inquiries in a timely fashion and collaborates with other members of the compensation team, as needed, to ensure appropriate responses
Compile, analyze, interpret and/or process data to support HR needs
Including, but not limited to -- union negotiations, bonus payouts, year-end transfers, and mass pay rate adjustments
Performs special projects as assigned, may include ad-hoc research, analysis and conducting surveys in order to provide guidance on current and future Compensation programs

QUALIFICATIONS/EDUCATION

BS Degree in Human Resources Management or a relevant discipline required
A minimum of 4 years of experience in Compensation, financial analysis, or other related experience preferred
CCP certification is preferred
Ability to manage projects of varying complexity
Attention to detail
Strong Excel skills
Highly analytical; ability to leverage and analyze data

Benefits and Perks:

Paid Time Off including Vacation, Holidays, and Sick Time
Retirement Plans
Medical and Prescription Drug Insurance
Dental and Vision Insurance
Disability and Life Insurance
Paid Parental Leave
Tuition Reimbursement
Student Loan Planning Support
Flexible Spending Accounts
Wellness Programs
Voluntary Benefits (e.g., Pet Insurance)
Community and Volunteer Opportunities
Discounts Through our Partners such as NJ Devils, NJ PAC, and Verizon
....and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey-whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer
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At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees physical, emotional, social, and financial health.