Compensation Analyst

Sentara Health; Norfolk (VA); On-site; USD 65,000 - 95,000; Full time

Job summary

Sentara Health in Norfolk, VA, is seeking a Compensation Analyst to design, budget, implement, and report on compensation policies. You will analyze market data, collaborate with HR leaders, and support merit and bonus programs to attract and retain colleagues.

The role requires strong Excel skills and experience with HRIS/payroll systems, with a focus on aligning pay structures with organizational strategy and budget considerations.

Qualifications

• Bachelor's degree required.
• Minimum 1 year of compensation experience.
• Broad-based compensation experience preferred.
• Accounting or finance background acceptable in lieu of compensation experience.
• Strong Excel skills required.
• Experience with HRIS/payroll systems a plus.

Responsibilities

• Review market data from salary market sources to ensure compensation is competitive.
• Collaborate with compensation leadership, HR business partners, and stakeholders to inform pay decisions.
• Support job hierarchies and alignment of roles within a hierarchical structure.
• Administer merit and bonus plans aligned with performance goals.
• Prepare reporting on compensation policies, budgets and initiatives.

Skills

Excel

HRIS/payroll systems

Microsoft Office Suite

Education

Bachelor's degree

Tools

HRIS/payroll systems

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.

City/State

Norfolk, VA

Work Shift

First (Days)

Overview

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

Benefits: Caring For Your Family and Your Career

• Medical, Dental, Vision plans
• Adoption, Fertility and Surrogacy Reimbursement up to $10,000
• Paid Time Off and Sick Leave
• Paid Parental & Family Caregiver Leave
• Emergency Backup Care
• Long-Term, Short-Term Disability, and Critical Illness plans
• Life Insurance
• 401k/403B with Employer Match
• Tuition Assistance – $5,250/year and discounted educational opportunities through Guild Education
• Student Debt Pay Down – $10,000
• Reimbursement for certifications and free access to complete CEUs and professional development
• Pet Insurance
• Legal Resources Plan
• Colleagues have the opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met.

Sentara Health is an equal opportunity employer and prides itself on the diversity and inclusiveness of its close to an almost 30,000-member workforce. Diversity, inclusion, and belonging is a guiding principle of the organization to ensure its workforce reflects the communities it serves.

In support of our mission “to improve health every day,” this is a tobacco-free environment.

For positions that are available as remote work, Sentara Health employs associates in the following states:

Alabama, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maine, Maryland, Minnesota, Nebraska, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.