Compensation Analyst — Healthcare Pay & Market Insights

Connecticut Children's Medical Center; Connecticut; On-site; USD 80,000 - 110,000; Full time

Job summary

Connecticut Children’s is hiring a Compensation Analyst to support daily high-volume compensation requests and collaborate with the HR team on pay-related issues. Responsibilities include recommending pay rates for promotions, transfers, and external candidates; assisting in job description creation; participating in salary surveys; and supporting annual merit planning.

The role requires a Bachelor’s degree in business, HR or related field, 5+ years of experience or 3+ in healthcare, and strong

Qualifications

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

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

Skills

Compensation knowledge

Analytical thinking

Communication skills

Excel proficiency

Database skills

Education

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

Tools

Excel

PowerPoint

Database skills

Job description

Connecticut Children’s is hiring a Compensation Analyst to support daily high-volume compensation requests and collaborate with the HR team on pay-related issues. Responsibilities include recommending pay rates for promotions, transfers, and external candidates; assisting in job description creation; participating in salary surveys; and supporting annual merit planning.

The role requires a Bachelor’s degree in business, HR or related field, 5+ years of experience or 3+ in healthcare, and strong