Compensation Analyst

RWJBarnabas Health; New Jersey; On-site; USD 83,000 - 117,000; Full time

Benefits offered by this job

Paid Time Off

Retirement Plans

Medical insurance

Dental and Vision Insurance

Disability and Life Insurance

Tuition Reimbursement

Job summary

RWJBarnabas Health is seeking a Compensation Analyst to design, analyze, and administer compensation programs. You will serve as the analytical backbone of the Compensation Team and ensure external market data integrity and smooth annual planning processes.

You will handle salary survey submissions, market pricing support, and data-driven recommendations while partnering with Talent Acquisition and Benefits to align offers and internal equity.

Qualifications

• BS Degree in Human Resources Management or a relevant discipline required.
• A minimum of 4 years of experience in Compensation, financial analysis, or 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.

Responsibilities

• Accountability for the salary survey submission process
• Tracking surveys and due dates
• Preparing compensation profile, position matches and data compilation for salary survey submission
• Supporting the annual market pricing process; analyze salary survey results for market competitiveness and pay-related programs
• Making recommendations based on data and analysis
• Supporting the job evaluation process by conducting job description evaluations
• Place/slot jobs within the system compensation structure for external market competitiveness and internal equity
• Build and maintain the annual compensation calendar
• Partner with the compensation team on key projects and milestones
• Collaborate with Benefits & Retirement to identify overlaps and synergies
• Conduct market analysis for individual employees/titles and develop pay adjustment recommendations
• Work with Talent Acquisition to develop candidate offers
• Be point of contact for MSP requests
• Respond to inquiries and collaborate with the compensation team
• Compile, analyze, interpret and/or process data to support HR needs including union negotiations, bonuses, transfers, and mass pay rate adjustments
• Perform special projects and ad-hoc research to guide current and future Compensation programs

Skills

Attention to detail

Analytical thinking

Project management

Communication

Education

BS Degree in Human Resources Management or related discipline

Tools

Excel

Job description

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.

Setting the Stage:

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.

As a Compensation Analyst, a typical day might include:

• Accountability for the salary survey submission process
• Trackingsurveys and due dates
• Preparing compensation profile, position matches and data compilation for salary survey submission
• Supportingthe annual market pricing process, will analyze salary survey results to assess market competitiveness, and effectiveness of pay related program
• Making recommendations based on data and analysis
• Supporting 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
• Building & maintaining annual compensation calendar
• Partneringwith the compensation team to organize key projects and milestones throughout the year
• Partnering with Benefits & Retirement to determine any overlaps and leverage synergies
• As requested, conducting market analysis for individual employees/titles and develops recommendations for pay adjustments, promotional or developmental increases, and hiring ranges
• Will be working with Talent Acquisition to develop candidate offers
• Point person for MSP (My Service Portal) requests
• Responding to inquiries in a timely fashion and collaborates with other members of the compensation team, as needed, to ensure appropriate responses
• Compiling, analyzing, interpreting 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
• Performing special projects as assigned, may include ad-hoc research, analysis and conducting surveys in order to provide guidance on current and future Compensation programs

To be Considered for this Opportunity:

You must have a 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