Compensation Analyst

Regions Hospital; Saint Paul (MN); On-site; USD 70,000 - 95,000; Full time

Job summary

Regions Hospital is seeking a Compensation Analyst to design and administer compensation policies and programs for Regions and RHSC. The role involves analyzing new or revised compensation practices, applying statistical methods to determine costs and benefits, and proposing revisions to optimize pay structures.

Responsibilities include job evaluations, salary analysis, and HRIS reporting, with a focus on internal equity, market competitiveness, and compliance.

Qualifications

• Bachelor's degree in human resources, business administration, industrial relations, or related field.
• Six years of HR experience may substitute for education.
• Two years of experience in HR or compensation with analytical background.

Responsibilities

• Development and support of the compensation program.
• Assess the impact of the existing program’s policies/practices on the needs of the organization.
• Develop and introduce innovative alternatives to traditional base pay, and anticipate and evaluate salary trends to meet retention and recruitment needs.
• Participate in committees and work groups as a resource and recommendation maker.
• Establish and implement organization-wide HR practices, procedures and policies to support the compensation program.

Skills

Communication

Compensation concepts

Excel

Education

Bachelor's degree in HR or related field

6 years HR experience substituted for education

Job description

JOB DESCRIPTION

Regions is hiring a Compensation Analyst. The Compensation Analyst designs and administers human resources policies and procedures relative to the management of the compensation programs for Regions and RHSC. Conducts analysis of new or revised compensation practices, policies, and strategies; applies mathematical and statistical methodologies to determine costs/benefits; prepares proposals and implement programs; evaluates programs to verify effectiveness and recommends revisions as appropriate. Performs a variety of compensation related functions, including job evaluations, salary analysis and other duties as assigned.

Education:

MINIMUM QUALIFICATIONS: Bachelor's degree in human resources, business administration, industrial relations, or related field. 6 years of HR experience may substitute for education

Experience:

Two years of experience in Human Resources or compensation that includes analytical background.

Licensure/ Registration/ Certification:

None

Knowledge, Skills And Abilities:

• Strong verbal and written communication skills required
• Familiar with the standard concepts, practices and procedures related to compensation
• Strong computer & spreadsheet background

Education:

PREFERRED QUALIFICATIONS: None

Experience:

Previous healthcare experience preferred.

Knowledge, Skills And Abilities:

None

MAJOR JOB DUTIES AND TASKS:

Percentage Of Time:

• Development and support of the compensation program

30%

• Assesses the impact of the existing program’s policies/practices on the needs of the organization
• Develops and introduces innovative alternatives to traditional base pay, and anticipates and evaluates salary trends to meet the retention and recruitment needs of the organization
• Participates in committees and work groups as a resource and recommendation maker
• Establishes and implements organization-wide and HR/PR practices, procedures and policies to support the compensation program
• Management of the compensation program

30%

• Utilizes the HRIS system efficiently to manage compensation programs
• Adjusts employee pay and status, according to policies and procedures
• Establishes and maintains tracking systems for CBJD, job evaluations and compensation schedules
• Produces compensation and HRIS reports as needed
• Establishes and maintains market survey and benchmark position databases
• Develops new methods and improvements for maintaining and distributing position and compensation data
• Conducts internal compensation audits to insure internal equity
• Annually, and as needed, collects survey information and prepares recommendations for salary structures
• Reviews and analyzes wage and salaried jobs and prepares job descriptions in standardized form
• Consistently evaluates jobs following established methodology for current philosophy
• Accurately costs out affects of proposed pay adjustments
• Communication and education

30%

• Develops educational materials for various audiences, promoting and supporting the compensation program
• Facilitates the understanding of the compensation programs and philosophy across the organization
• Proactively communicates changes in compensation programs to appropriate staff in a timely manner.
• Ensures compliance with Regions, RHSC and regulatory agency 10%

practices and policies

• Reviews practices, procedures and strategies to determine if consistent with legal, regulatory and organizational polices
• Participates in and assists with advisory committee activities related to JCAHO
• Attends appropriate seminars/workshops for FLSA compliance
• Initiates and participates in audits of employee data and compensation practice and compliance

Additional Expectations:

• Complies with safety instructions, observe safe work practices, provides input on safety issues and promotes a safe work environment.
• Maintains regular and timely attendance
• Protects confidentiality
• Demonstrates participation in and support of the organization's Corporate Integrity Program by participating in compliance-related education and training and complying with the organization's policies and procedures.
• Timely completion of all mandatory education and organizational requirements (i.e. licensure/certification, Employee Health and Wellness requirements, annual training, etc.)

ABOUT US

At HealthPartners we believe in the power of good - good deeds and good people working together. As part of our team, you'll find an inclusive environment that encourages new ways of thinking, celebrates differences, and recognizes hard work.

We’re a nonprofit, integrated health care organization, providing health insurance in six states and high-quality care at more than 90 locations, including hospitals and clinics in Minnesota and Wisconsin. We bring together research and education through HealthPartners Institute, training medical professionals across the region and conducting innovative research that improve lives around the world.

At HealthPartners, everyone is welcome, included and valued. We’re working together to increase diversity and inclusion in our workplace, advance health equity in care and coverage, and partner with the community as advocates for change.

As a HealthPartners colleague, we’re committed to nurturing your diverse talents, valuing your dedication, and supporting your work-life balance. We offer a comprehensive range of benefits to support every aspect of your life, including health, time off, retirement planning, and continuous learning opportunities. Our goal is to help you thrive physically, mentally, emotionally, and financially, so you can continue delivering exceptional care.

Join us in our mission to improve the health and well-being of our patients, members, and communities.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant because of race, color, sex, age, national origin, religion, sexual orientation, gender identify, status as a veteran and basis of disability or any other federal, state or local protected class.