Compensation Analyst II

RIVERSIDE HOSPITAL SERVICES; Newport News (VA); On-site; USD 72,000 - 99,000; Full time

Job summary

Riverside Hospital Services is seeking a Compensation professional to administer base pay, incentive plans, and performance management. You will conduct market analyses, benchmark job data, and advise HR Partners on compensation decisions to ensure equity and market competitiveness.

The role involves maintaining job structures in HRIS, auditing profiles for compliance, and supporting the annual merit process in collaboration with leadership.

Qualifications

• Bachelor’s Degree in Human Resources, Business Administration or related field.
• 2 years demonstrated experience in job analysis, market benchmarking and internal compression reviews.
• 2 years compensation experience in healthcare (preferred).

Responsibilities

• Conduct complex job analysis to ensure market match and prepare benchmark reports for leadership.
• Maintain and audit compensation structures in HRIS per guidelines.
• Provide compensation consulting to HR partners on market pricing, job structures and incentives.

Skills

Problem-solving

Critical thinking

Excel proficiency

Attention to detail

Organizational skills

Education

Bachelor's degree in HR/Business

Tools

Microsoft Office

Job description

Newport News, VirginiaHiring Range$72,100.00 - $99,175.00/Annual Actual pay is determined based on job-related factors such as relevant experience, education, credentials, skills, internal equity, and business needs.OverviewAdministers compensation programs including base pay, incentive pay, and performance management independently in accordance with Riverside Health compensation philosophy, methodology and pay practices. Partners with Human Resources & Talent Acquisition to understand compensation needs, ensure accurate job description, strong market match for jobs for division/specialty. Conducts complex job analysis to determine appropriate pay grade range, job classification, FLSA status and other compensation program eligibility. Analyzes pay practices and develops recommendations for salary changes to ensure pay equity. Processes incentive pay for assigned division/department. Creates, audits and maintains compensation plans in HRIS system, compliant with plan documents.What you will doMarket & Job Analysis: Conducts complex job analysis independently on new and revised job descriptions to ensure strong market match. Evaluates match to recommend competitive compensation base pay range. Prepares complex market data analysis from compensation survey sources; Uses data analysis techniques to assess results, identify gaps and market trends following market pay methodology. Prepares and presents summary reports of job analysis and compensation analysis information for leadership approval. Develops pay recommendations based on market review. Prepares detailed benchmark reports in functional area for senior leadership to make decisions on market adjustments.Compensation Administration: Maintains job structures to include job profile classification data accurately according to guidelines. Maintains pay structures in HRIS system that comply with compensation guidelines. Conducts audits on job profiles to ensure accurate assignment of job characteristics (management levels, job families, FLSA, all job description data complete etc.). Creates new comp plan eligibility rules in HRIS system. Processes HRIS Enterprise Interface Builders (EIBs) for payroll on compensation one time payments. Reviews all compensation changes each pay period prior to payroll cycle. Conducts compensation plan audits.Compensation Partner: Supports Human Resource Business Partners in functional area by providing compensation consulting on market pricing, job structures, and incentive plans. Uses critical thinking skills to provide compensation guidance. Assists Talent Acquisition with complex pay offers and experience crediting questions to ensure consistent practices.Performance Management: Assists Senior Analyst with annual team member and leadership merit process. Conducts audits on process before closing. Uses skills to validated merit process is compliant with performance management policy.Job Profile Maintenance: Assess job profile requests in job description system for functional area. Conducts review of job profile classifications. Ensures exempt test source documents are submitted for exempt position prior to setup in HRIS system. Subject matter expert on FLSA. Advises HR and leadership on regulations and compliance. Conducts audits on jobs and team member FLSA designation. Updates grades in job description system for all market adjustment evens and exports to HRIS.Winshare Program Administration: Calculates payments based on plan eligibility. Provides estimates of payment options to leadership for final payment determination. Distributes reports to HR Business Partners, creates and loads EIB for one time payment.Compensation Expertise: Engages in ongoing learning and development to strengthen expertise.QualificationsEducationBachelors Degree, Human Resources, Business Administration or related (Required)Experience2 years Demonstrated experience in job analysis, market benchmarking, internal compression review and other complex compensation programs. (Required)2 years Compensation experience in healthcare industry (Preferred)Skills and AbilitiesStrong problem-solving and critical thinking skills. Ability to collect, analyze and report on large sets of data, identify and resolveproblems. Must be proficient in Microsoft Office software with an intermediate to advanced level of proficiency in Excel. Detail orientedand strong organizational skills.Licenses and CertificationsCertified Compensation Professional (CCP) (Preferred)To learn more about being a team member with Riverside Health System visit us at https://www.riversideonline.com/careers.