Compensation Analyst

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

Benefits offered by this job

Medical, Dental, Vision plans

401k/403B with Employer Match

Paid Time Off

Job summary

Sentara seeks a Compensation Analyst in Norfolk, VA to design, implement, and report on compensation policies. You will leverage market data to keep pay competitive and collaborate with HR partners to align compensation with business needs and talent strategies.

Strong Excel and HRIS/payroll experience are essential. A Bachelor's degree and at least 1 year in compensation are required, with broad compensation expertise preferred.

Qualifications

• Bachelor's level degree required.
• 1 year of compensation experience.
• Broad based compensation experience.
• Accounting or finance background preferred or in lieu of comp experience.
• Strong Excel skills required.

Responsibilities

• Review market data from salary market sources to ensure compensation is competitive.
• Collaborate with stakeholders to provide insights for attractive compensation packages.
• Support job hierarchies by defining levels and roles within a hierarchical structure.
• Administer bonus plans aligned with performance goals.
• Support merit and other compensation practices across stakeholders.

Skills

One year compensation experience

Broad based compensation experience

Accounting/Finance background

Strong Excel skills

Work day experience

Education

Bachelor's level degree

Tools

HRIS/payroll systems

Microsoft Office Suite

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 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

Candidates in the Virginia Beach Geographic Area strongly 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

Compensation Information

We 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.

Benefits

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.

Diversity & Inclusion

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.

Other Information

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.