Strategic Compensation Analyst

RWJBarnabas Health; Franklin Township (NJ); On-site; USD 83,156 - 117,458; Full time

Benefits offered by this job

Paid Time Off

Retirement Plans

Medical and Prescription DrugInsurance

Dental and Vision Insurance

Disability and Life Insurance

Tuition Reimbursement

Wellness Programs

Discounts Through Partners

Volunteer Opportunities

Job summary

RWJBarnabas Health is seeking a Compensation Analyst for the RWJBarnabas Health Corporate Services in Somerset, NJ. The role supports the design, implementation and administration of compensation programs, serving as the analytical backbone of the Compensation Team and ensuring integrity of external market data and the annual planning process.

Responsibilities include managing salary surveys, market pricing, job evaluations, internal equity, and collaboration with Benefits, Retirement and Talent

Qualifications

• BS degree in HR or related field required.
• Minimum 4 years in compensation or related analysis.
• CCP certification preferred.
• Strong Excel and analytical skills.
• Ability to manage projects of varying complexity.

Responsibilities

• Accountable for the salary survey submission process
• Tracks surveys and due dates
• Prepares compensation profile, position matches and data compilation for salary survey submission
• Supports the annual market pricing process, will analyze salary survey results to assess market competitiveness, and effectiveness of pay related program
• Makes recommendations based on data and analysis
• Supports the job evaluation process by conducting job description evaluations
• Appropriately places/slots jobs within the system compensation structure to ensure external market competitiveness and internal equity
• Builds & maintains annual compensation calendar
• Partners with the compensation team to organize key projects and milestones throughout the year
• Partners with Benefits & Retirement to determine any overlaps and leverage synergies
• As requested, conducts market analysis for individual employees/titles and develops recommendations for pay adjustments, promotional or developmental increases, and hiring ranges
• Will work with Talent Acquisition to develop candidate offers
• Point person for MSP (My Service Portal) requests
• Responds to inquiries in a timely fashion and collaborates with other members of the compensation team, as needed, to ensure appropriate responses
• Compile, analyze, interpret and/or process data to support HR needs
• Including, but not limited to -- union negotiations, bonus payouts, year-end transfers, and mass pay rate adjustments
• Performs special projects as assigned, may include ad-hoc research, analysis and conducting surveys in order to provide guidance on current and future Compensation programs

Skills

Strong Excel skills

Analytical mindset

Attention to detail

Project management

Education

BS Degree in Human Resources Management or a relevant discipline

CCP certification preferred

Job description

RWJBarnabas Health is seeking a Compensation Analyst for the RWJBarnabas Health Corporate Services in Somerset, NJ. The role supports the design, implementation and administration of compensation programs, serving as the analytical backbone of the Compensation Team and ensuring integrity of external market data and the annual planning process.

Responsibilities include managing salary surveys, market pricing, job evaluations, internal equity, and collaboration with Benefits, Retirement and Talent