Compensation Analyst

Sentara Health; Virginia (IL); On-site; USD 70,000 - 85,000; Full time

Benefits offered by this job

Medical, Dental, Vision plans

401k/403B with Employer Match

Tuition Assistance

Job summary

Sentara Health in Norfolk, VA is seeking a Compensation Analyst responsible for designing, budgeting, implementing and reporting on compensation policies to attract, retain and engage colleagues.

You will analyze market data, collaborate with HR partners, support job hierarchies and merit/bonus programs, and work with HRIS/payroll systems and advanced Excel skills. A Bachelor's degree and 1 year of experience are preferred.

Qualifications

• Bachelor's level degree.
• 1 year of compensation experience.
• Broad based Compensation experience; accounting/finance background acceptable.
• Strong Excel skills.

Responsibilities

• Review market data from salary sources to ensure competitive compensation.
• Collaborate with stakeholders to offer attractive packages.
• Support job hierarchies and hierarchical structuring.
• Administer bonus plans aligned with performance goals.
• Administer merit and other compensation practices.
• Proficient with HRIS/payroll systems and complex spreadsheets.

Skills

Strong Excel skills

Data analysis

Collaboration with stakeholders

Education

Bachelor's level degree

Tools

HRIS/payroll systems

Microsoft Excel

Microsoft Office Suite

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.