Compensation Analyst

Sentara Health; Virginia; Hybrid; USD 81,000 - 120,000; Full time

Benefits offered by this job

Medical, Dental, Vision plans

401k/403B with Employer Match

Paid Time Off and Sick Leave

Tuition Assistance

Student Debt Pay Down

Life Insurance

Disability plans

Legal Resources Plan

Bonuses potential

Job summary

Sentara Health, a Virginia-based not-for-profit healthcare provider, seeks a Compensation Analyst to design, budget, implement, and report on compensation policies. You will analyze market data, collaborate with HR and leadership, and help structure job hierarchies while administering merit and bonus programs.

The role requires a bachelor’s degree and about one year in compensation, with strong Excel and HRIS/payroll skills to handle complex spreadsheets and data-driven decisions.

Qualifications

• Bachelor's level degree
• 1 year of compensation experience
• Broad-based compensation experience
• Accounting or Finance background acceptable
• Workday/HRIS/payroll systems experience preferred
• Strong Excel skills

Responsibilities

• Reviewing market data: Analyze data from various salary market sources to ensure the organization’s compensation is competitive in the relevant market.
• Collaborating with business stakeholders: Provide specialized insights that enable the Talent Acquisition Team to offer attractive compensation packages.
• Supporting job hierarchies: Define job levels and roles within a hierarchical structure.
• Bonus plans: Administer bonus plans aligned with performance goals.
• Administering merit: Support stakeholders in administering merit and other compensation practices.
• HRIS/Payroll and Excel proficiency: utilize HRIS/payroll systems and Microsoft Office to manage complex spreadsheets.

Skills

Analytical thinking

Market data analysis

Stakeholder collaboration

Excel proficiency

Strong Excel user skills

Education

Bachelor's degree

Tools

HRIS/payroll systems

Microsoft Office Suite

Excel

Job description

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

• 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.

Education and Qualifications

• 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

Compensation

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.

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
• 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 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.

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.

Sentara Health is a Virginia and Northeastern North Carolina based not-for-profit integrated healthcare provider that has been in business for over 131 years. Offering hundreds of sites of care including 12 hospitals, PACE, home health, hospice, medical groups, imaging services, therapy, outpatient surgery centers, and an 858,000 member health plan.

The people of the communities that we serve have nominated Sentara “Employer of Choice” for over ten years.

U.S. News and World Report has recognized Sentara as having the Best Hospitals for 15+ years.

Sentara offers professional development and a continued employment philosophy!