Compensation Analyst-Full-time Remote-CT, NY, MA

Connecticut Children's Medical Center; United States; Remote; USD 70,000 - 100,000; Full time

Job summary

Connecticut Children's Medical Center is seeking a Compensation Analyst to support high-volume compensation requests, partner with HR to set pay, assist in job descriptions, participate in salary surveys, and support annual merit planning. Remote work is allowed for qualified candidates in CT, MA or NY, with duties across internal promotions, transfers and external hires.

The role emphasizes equity analyses, market reviews and guidance on job level, market title and FLSA classification, in

Qualifications

• Requires 5+ years of related experience, or 3+ years in healthcare
• Bachelor's degree in business, HR, or related field preferred
• Knowledge of compensation principles and practices
• Strong analytical, negotiation and communication skills
• Proficiency with Excel, PowerPoint and HR databases

Responsibilities

• Evaluate jobs across the organization for range, level, and FLSA status
• Recommend pay rates for promotions, transfers, and external candidates
• Participate in salary surveys and merit program administration
• Post survey results for access by the Compensation team
• Assist in full market reviews and equity analyses

Skills

Job content analysis

Data analysis

Excel

PowerPoint

Communication

Negotiation

HRIS

Market analysis

Education

Bachelor's degree in business, HR, or related field

High School Diploma or GED

Tools

Excel

PowerPoint

HRIS / database systems

Job description

Description

The Compensation Analyst is responsible for supporting daily high volume Compensation requests.
Partner with members of the Human Resources team on issues related to compensation. Primary functions include, but are not limited to: Recommend pay rate for internal promotions, internal transfers, and external candidates, assist in the creation of job descriptions, participate in salary surveys, assist with administration of annual performance cycle as it relates to Compensation, assist on ad hoc projects as requested.

Responsibilities

• Evaluate jobs across all levels and functions of the organization for determination of appropriate range, level, and FLSA status.
• Recommend pay rate for internal promotions, internal transfers, and external candidates. Partner with Talent Acquisition, HR Business Partners, and managers to ensure base pay rate is equitable and appropriate.
• Participate in annual and ad hoc salary surveys on behalf of the organization. Ensure salary surveys are completed and submitted, meeting survey deadlines.
• Post survey results for access by members of the Compensation team.
• Track salary survey budget and spend.
• Complete full market review for assigned job families utilizing current market survey data. Develop estimates and action proposal as related to market review and adjustments.
• Regularly conduct internal equity analysis to ensure equitable and fair pay.
• Review job descriptions and support Human Resources Business partners with steps necessary to create a new job.
• Provide guidance on areas such as job level, appropriate market title and appropriate FLSA classification.
• Provide support on job structure review project work.
• Assist and collaborate in the planning, coordination, facilitation, administration, and reporting of the annual merit program.
• Performs other job-related duties as assigned.
  

Qualifications

Education and/or Experience Required:

• Education: High School Diploma, GED, or a higher level of education that would require the completion of high school, is required.
• Experience:
  • 5+ years directly related experience
    Or
  • 3+ years related experience in Healthcare.

Preferred Education: Bachelor's degree in business, Human Resources, or related field

License and/or Certifications Required:

• Education: Bachelor's degree in business, Human Resources, or related field

Knowledge, Skills and Abilities Required:

Knowledge

• Knowledge of compensation principles and practices, with ability to operate with minimal inputs and make sound recommendations

Skills

• Skilled in analyzing and evaluating job content.
• Excellent oral and written communication skills, as well as research, analytical, evaluation, and negotiation skill.
• Knowledge of computerized information systems used in human resources applications.
• Proficient in Excel, PowerPoint and database skills including the development of spreadsheets and presentations.

Abilities

• Able to provide exceptional customer service and support.

This position is remote. The candidate must reside in CT, MA or NY.