OverviewThe Sr Analyst, Compensation plays a key role in designing, developing and maintaining the base pay compensation structures for PDS Health ensuring alignment to the company's vision and mission. Through the use of market analytics, compensation principles and best practices, the Sr Analyst will make recommendations to company leaders to maintain competitive and equitable base pay programs that attract, retain, and motivate team members and support overall company objectives. This individual will serve as a consultant to management as well as human resources team members.
Responsibilities- Lead the design, development, implementation and maintenance of base pay structures, including salary pay ranges, grades, grade profiles and job leveling systems.
- Conduct comprehensive market research and analysis, utilizing salary surveys, industry trends, and competitive benchmarking data to determine appropriate pay levels.
- Develop proactive approaches to identify compensation challenges within the organization, work with key department stakeholders and leaders in identifying and implementing the best strategy moving forward.
- Create efficiencies by identifying and implementing opportunities for improvement to existing processes and procedures.
- Provide guidance to management on pay decisions, policy and guideline interpretation and job evaluation including the design of creative solutions to specific compensation-related programs.
- Prepare and maintain career paths and job descriptions and conduct FLSA reviews to ensure company compliance
- Develop statistical analysis, data modeling reports, and data for management.
- Complete special projects and studies as assigned which may include the redesign of existing compensation programs, the development of new programs and the completion of ad-hoc analysis that outline specific observations and recommendations.
- Participate in annual compensation review cycles, including merit increases, promotional increases, and market adjustments.
- Monitor the effectiveness of existing compensation policies, guidelines, structures and procedures recommending plan revision as well as new plans which are consistent with compensation market trends or business needs.
- Participate in both exempt and nonexempt salary surveys and market analysis to ensure corporate compensation objectives are achieved.
- Other duties maybe assigned by management.
Qualifications- Bachelor's Degree in Business, Finance, or related field and/or equivalent combination of education and experience, and 6+ years of compensation administration experience.
Preferred- Experience in a multi-regional healthcare, retail, or dental company.
- Master's degree in business, finance or related field preferred.
- Professional in Human Resources (PHR) and/or Certified Compensation Professional (CCP) designations preferred.
- Experience with advanced compensation in Workday.
Knowledge/Skills/Abilities- Ability to multi-task effectively without compromising the quality of the work.
- Excellent interpersonal, oral and written communication skills.
- Detail oriented, organized, process focused, problem solver, proactive, ambitious, customer service focused.
- Ability to draw conclusions and make independent decisions with limited information.
- Ability to respond to common inquiries from customers, staff, regulatory agencies, vendors, and other members of the business community.
- Self-motivated, reliable individual capable of working independently as well as part of a team.
- Problem solving skills to gather & analyze information in order to identify and resolve problems in a timely manner arrive at valid conclusions, recommendations, and plans of action.
- Analytical skills to synthesize complex or diverse information. Ability to research information and analyze data to arrive at valid conclusions, recommendations, and plans of action.
- Actively share ideas in a constructive and positive manner by listening to and objectively considering ideas and suggestions from others.
- Excellent communication skills especially the ability to explain technical topics to others who may have minimal technical skills.
- Extensive knowledge of MS Excel to query data sets for statistical analysis; vlookup, spreadsheet design and error check and auditing.
- Knowledge of PowerPoint, Access, software applications, and use of standard office equipment.
- Ability to interface with all levels of employees, including executives, and work in a fast-paced team environment.
Benefits- Medical, dental, and vision insurance
- Paid time off
- Tuition Reimbursement
- 401K
- Paid time to volunteer in your local community
Salary Information$116,000.00-$150,000.00 / Annually
