Compensation Analyst

Sentara Healthcare Inc; Norfolk (VA); On-site; USD 81,000 - 120,000; Full time

Benefits offered by this job

401(k) with employer match

Paid time off

Educational assistance

Job summary

Sentara Healthcare Inc in Norfolk, VA is seeking a Compensation Analyst to design, budget, implement, and report on compensation policies to attract and retain colleagues.

The role collaborates with compensation leadership, HR business partners, and Talent Acquisition to inform compensation strategy using market data, while managing merit and bonus programs and supporting job hierarchies. Strong Excel and HRIS proficiency required.

Qualifications

• Bachelor's level degree.
• 1 year of compensation experience and broad-based compensation experience.
• Accounting or finance background acceptable.
• Strong Excel skills.

Responsibilities

• Reviewing market data from salary market sources to ensure competitiveness.
• Collaborating with Talent Acquisition and stakeholders on compensation packages.
• Support job hierarchies and promotional opportunities.
• Administer bonus plans and merit in alignment with goals.
• Utilize HRIS and Excel for reporting and analyses.

Skills

Market data analysis

Advanced Excel

HRIS experience

MS Office proficiency

Education

Bachelor's degree

Tools

Microsoft Office

Job description

Compensation Analyst

Through a deep understanding of the organization's strategy and operational model, the Compensation Analyst is involved in designing, budgeting, implementing, and reporting on compensation policies and practices to ultimately attract, retain and engage colleagues.

The Compensation Analyst will collaborate with compensation leadership, organizational leadership and human resources business partners to understand business needs while incorporating research and market data to inform the work product.

Primary responsibilities and duties include:

• Reviewing market data: Analyze data from various salary market sources to ensure the organization’s compensation is competitive in the relevant market. This crucial task involves the intake of large amounts of data, spotting trends, and applying those insights to the organization’s compensation strategy.
• Collaborating with business stakeholders: Provide specialized insights that enable the Talent Acquisition Team to offer attractive compensation packages to prospective colleagues. The Compensation Analyst may also be consulted on promotional opportunities for both employee readiness and pay.
• Supporting job hierarchies: Share input in defining the various job levels and roles across the organization and positioning them within a hierarchical structure.
• Bonus plans: Administer bonus plans that align with the organization’s performance goals and motivate and reward employees based on both individual and company performance.
• Administering merit: Responsible for supporting various stakeholders in administering merit and other compensation practices.

Strong candidates will have a high level knowledge of HRIS/payroll systems, Microsoft Office Suite and strong Excel user skills with the ability to work with complex spreadsheets is required.

Broad Based Compensation experience is strong preferred

Education

• Bachelor's level degree

Certification/Licensure

• n/a

Experience

• 1 year of compensation experience
• Broad based Compensation experience
• Accounting or Finance background (in lieu of comp experience).
• Work day experience (preferred)
• Strong Excel skills

We provide market-competitive compensation packages, inclusive of base pay, incentives, and benefits. The base pay range for full-time employment is $80,953.60 - $119,912.00 annually. Additional compensation may be available for this role, such as shift differentials, on-call pay, shift premiums, extra-shift incentives, or bonus opportunities. Compensation within the range may vary based on qualifications, experience, location, market conditions, and business needs. Note: If an annual salary is posted, it is based on a full-time colleague working 2,080 hours annually.Sentara offers a comprehensive benefits package, including medical, dental, vision, life and disability insurance; 401(k)/403(b) with employer match; paid time off (vacation, sick time, and holidays); paid parental and military leave; educational assistance or student loan repayment; and voluntary benefits.