Compensation Analyst

Sheppard Pratt

$62K — $99K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in HR Management, Business Administration, or related field; certifications (CCP or HRCI/SHRM) may substitute for degree.
  • At least 2 years' experience as a compensation analyst, preferably in healthcare, nonprofit, or education.
  • Excellent verbal and written communication skills.
  • Comprehensive knowledge of HR laws and regulations.
  • Proficiency in Microsoft Office Suite or similar software.

Responsibilities

  • Actively provide quality services to meet the needs of managers, employees, and applicants.
  • Prepare and maintain accurate job descriptions and pay range assessments.
  • Administer and communicate compensation policies and practices after leadership approval.
  • Participate in market compensation surveys and analyze data.
  • Advise management on compliance with state and federal employment regulations.

Benefits

  • Comprehensive tuition reimbursement program for ongoing education and certification preparation.
  • Medical, dental, and vision benefits for eligible positions.
  • 403b retirement match program.
  • Generous paid time off for eligible employees.
  • Complimentary Employee Assistance Program (EAP).
  • Mileage reimbursement program.
Full Job Description
Responsibilities:

Customer Relations

  • Actively seeks to provide quality services that meet the needs of Sheppard Pratt managers, employees and applicants.
  • Demonstrates commitment to confidentiality and fairness in all communications and actions.


Job Descriptions & Pay Range Determination

  • Prepares and maintains job descriptions; ensures descriptions accurately reflect the work being performed by incumbents.
  • Interviews and surveys employees and managers to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job.
  • Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate pay range.


Compensation Administration

  • Prepares and maintains job classifications and pay scales. Maintains active position and pay scale data in HRIS, communicates data to Finance Office for budget software/planning, and prepares and disseminates reports as needed.
  • Documents and maintains Sheppard Pratt policies and practices subject to leadership approval. Administers and communicates approved policies and practices. Reviews pay practices and policies, making recommendations for revisions if necessary.
  • Plans and communicates preferred methods and best practices for compensating employees.
  • Works with IT to import pay increase files for general increases, market adjustments and related mass changes. Assures the integrity of data.


Market Pay Analysis

  • Participates in and gathers data from market-based compensation surveys; benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
  • Uses spreadsheet and data analysis techniques to assess results and market trends.
  • Maintains knowledge of economic conditions, labor market, competitive landscape and other factors related to ensuring the organization provides competitive and reasonable compensation.
  • Maintains knowledge of trends, developments, and best practices in compensation administration.


Compliance

  • Advises management on applicable state and federal employment regulations, compensation policies, human resource procedures.
  • Explains and maintains strong knowledge base of policies and legal constraints; effectively communicates these to managers and employees.
  • Completes records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies.


Resource/Training

  • Provides consultation to recruiters in determining job offers and pay equity reviews.
  • Works in close collaboration with the Payroll Manager to assure that payroll reflects approved policies, practices, and legal compliance.
  • Collaborates with HR staff across each practice area for both compensation issues and overarching Human Resources projects.
  • Takes an active role in coordinating the integration of Community Services compensation and job descriptions into a combined compensation program.
  • Participates in other projects and assignments as needed.


Knowledge, Skills, and Abilities Required:

  • Work requires a Bachelor's degree in Human Resource Management, Business Administration, or related field; CCP or HRCI/SHRM certification may be substituted for degree. CCP, HRCI or SHRM certification preferred.
  • Work requires at least 2 years' compensation analyst experience, preferably in a healthcare, nonprofit or education environment; must possess:
    • excellent verbal and written communication skills;
    • comprehensive knowledge of human resource laws, regulations and best practices;
    • extensive knowledge of quantitative and qualitative research methods;
    • excellent organizational and time management skills;
    • proficiency with Microsoft Office Suite or similar software;
    • proven attention to detail and accuracy in maintaining data, files and systems.
  • Work requires analytical ability sufficient to extract and analyze data from written material, observation and communications, make statistical calculations, develop reports and systems to facilitate efficient decision-making.


Benefits:

At Sheppard Pratt, you will work alongside a multi-disciplined team led by a bold vision to change lives. We offer:

  • A commitment to professional development, including a comprehensive tuition reimbursement program to support ongoing education and licensure and/or certification preparation
  • Comprehensive medical, dental and vision benefits for benefit eligible positions
  • 403b retirement match
  • Generous paid-time-off for benefit eligible positions
  • Complimentary Employee Assistance Program (EAP)
  • Generous mileage reimbursement program


The pay range for this position is $62,386.69 to $99,600.18 maximum. Pay for this position is determined on a number of factors, including but not limited to, years and level of related experience.

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