Compensation Analyst

Sentara Health; Virginia Beach (VA); On-site; USD 81,000 - 120,000; Full time

Benefits offered by this job

Medical, Dental, Vision

401(k)/403(b) with employer match

Paid Time Off

Paid Parental Leave

Educational Assistance

Student Loan Repayment

Pet Insurance

Life Insurance

Disability Insurance

Discretionary Bonus

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 the Talent Acquisition team, and help define job hierarchies to support competitive pay structures.

The role emphasizes administering bonus plans, merit processes, and using HRIS/payroll systems with strong Excel skills. A Bachelor’s degree and 1 year of compensation experience are preferred.

Qualifications

• Bachelor's level degree required.
• 1 year of compensation experience.
• Broad Based Compensation experience preferred.
• Accounting or Finance background acceptable in lieu of compensation experience.

Responsibilities

• Review market data to ensure competitive compensation.
• Collaborate with Talent Acquisition to design attractive packages.
• Support job hierarchies and level positioning.
• Administer bonus and merit processes.
• Engage with HRIS/payroll data and analytics.

Skills

Excel

HRIS/payroll systems

Microsoft Office Suite

Data analysis

Education

Bachelor's degree

Tools

HRIS/Payroll systems

Microsoft Excel

Job description

City/StateNorfolk, VAWork ShiftFirst (Days)Overview:Compensation AnalystThrough 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 preferredCandidates in the Virginia Beach Geographic Area strongly preferredEducationBachelor's level degreeCertification/Licensuren/aExperience1 year of compensation experienceBroad based Compensation experienceAccounting or Finance background (in lieu of comp experience).Work day experience (preferred)Strong Excel skillsWe 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.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 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.