Compensation Specialist

Hunt; Edison, Northern (NJ, KY); Hybrid; USD 57,000 - 70,000; Full time

Benefits offered by this job

Health benefits

Dental benefits

Vision benefits

Paid leave

Tuition reimbursement

Retirement benefits

Job summary

Hackensack Meridian Health is seeking a Compensation Specialist to support compensation programs and related HR initiatives. The role includes handling salary transactions in PeopleSoft, maintaining job descriptions, and conducting wage comparisons.

The position requires a bachelor's degree in HR, business, or finance, with strong data-analysis skills and proficiency in MS Office or Google Suite. Experience in compensation is preferred; CPA/CPP is a plus.

Qualifications

• Bachelor's degree in HR, business admin, finance or related field.
• Some experience in a related area.
• Proficient in Microsoft Office and/or Google Suite.
• Strong attention to detail.
• Ability to analyze and interpret large data files.
• Prior HR experience (preferred).
• Prior compensation experience (preferred).
• Certified Compensation Professional (preferred).

Responsibilities

• Researches and resolves compensation issues based on employee inquiries.
• Handles Leader Self Service transactions in PeopleSoft (pay rate changes, transfers, reclassifications, and pay changes).
• Manages Job Description Library and maintains format in PeopleSoft.
• Develops job descriptions with title, functions, qualifications, and requirements.
• Evaluates wage/salary ranges and makes recommendations.
• Analyzes salary data and presents recommendations to senior team.
• Participates in compensation surveys and reports results.
• Creates reports using PeopleSoft and Excel.
• Supports productivity programs as needed (gainsharing, patient experience).
• Collaborates with HR, Finance, and Payroll across divisions.
• Evaluates offers for internal transfers and new hires.
• Performs other duties as assigned.

Skills

Microsoft Office

Google Suite

Data analysis

Attention to detail

Large data interpretation

Education

Bachelor's degree in HR/Business/Finance

Tools

PeopleSoft

Excel

Job description

Overview

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Compensation Specialist is responsible for assisting in the administration of Hackensack Meridian Health Compensation programs.

Responsibilities

A day in the life of a Compensation Specialist at Hackensack Meridian Health includes:

• Researches and resolves compensation issues based on employee inquiries.
• Handles all Leader Self Service transactions within PeopleSoft that roll up to the Compensation department including, but not limited to, pay rate change requests, employee transfers, position reclassifications, and additional pay changes.
• Manages the Human Resources Job Description Library ensuring all job descriptions are updated as well as in the proper job description format and maintained within PeopleSoft.
• Develops job descriptions reflecting appropriate title, essential functions, qualifications, and requirements.
• Conducts internal comparisons to ensure wage and salary range recommendations are equitable.
• Evaluates and analyzes salary data and makes recommendations to more senior members of the compensation team for approvals.
• Participates in compensation surveys compiling and submitting requested data followed by analyzing the results and making recommendations to more senior members of the compensation team.
• Compiles statistical information and prepares reports relating to compensation and position management utilizing the HRIS system.
• Creates and provides reports using PeopleSoft and Excel spreadsheets.
• May provide support for productivity programs (gainsharing, patient experience) as needed, such as program implementation or maintenance.
• Partners with all divisions within Human Resources as well as Finance and Payroll in various functions.
• Evaluates compensation offers for internal transfers and new hires.
• Other duties and/or projects as assigned.
• Adheres to HMH Organizational competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required:

• Bachelor's degree in Human Resources, Business Administration, Finance or a related field.
• Some experience in a related area or field.
• Proficient computer skills that include but are not limited to Microsoft Office and/or Google Suite platforms.
• Strong attention to detail.
• Ability to analyze and interpret large data files.

Education, Knowledge, Skills and Abilities Preferred:

• Prior Human Resources experience.
• Prior Compensation experience.

Licenses and Certifications Preferred:

• Certified Compensation Professional.

Starting Minimum Rate

Minimum rate of $63,336.00 Annually

Job Posting Disclosure

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.

The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:

• Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness.
• Experience: Years of relevant work experience.
• Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training.
• Skills: Demonstrated proficiency in relevant skills and competencies.
• Geographic Location: Cost of living and market rates for the specific location.
• Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization.
• Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.

Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.

In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.