13 Senior Compensation Analyst Jobs in Springfield, IL
Memorial Health is Hiring a Senior Compensation Analyst Near Springfield, IL
Education Qualifications
- Education equivalent to a bachelor’s degree in human resources, business or finance, or related discipline is required (or the equivalent in related work experience).
- Master’s degree in business administration, human resources, or finance or comparable is preferred.
- Has attained (or will be actively pursuing) the Certified Compensation Professional (CCP) designation or comparable compensation designation is required.
- Professional human resources certification(s), i.e., PHR, SPHR, SHRM-CP, SHRM-SCP is preferred.
- Four or more years’ professional-level work experience in human resources, finance or related field is required.
- Four or more years’ experience as a Compensation Analyst is strongly preferred, ideally in a major health care system.
- Possesses an in-depth knowledge of market pricing, job evaluation methodologies and base/incentive compensation administration.
- Thorough working knowledge of compensation theories, practices & applicable federal/state labor laws.
- An intermediate-to-advanced level proficiency with Microsoft Word, Power Point, Excel, HR Information Systems, and compensation database systems (ideally Market Pay).
- Excellent accuracy & attention to detail when working with data/information.
- Demonstrated ability to balance the needs of the organization while flexing to changing work priorities.
- Ability to work with leadership on confidential and time-sensitive matters.
- Excellent oral and written communication, with the ability to be persuasive and deal with potential conflict.
- Ability to serve as a technical expert and trainer on compensation matters.
- Must be able to maintain confidential information safe and secure at all times.
- May be required to work beyond regular business hours to meet MHS needs.
- Experience with incentive compensation programs within a health care system.
- Sound working knowledge of HR Lawson, crystal report writing and MS add-ins.
- Evaluates jobs, reviews qualifications and licensure requirements for compliance with legal guidelines, and recommends range placement based on market data and internal equity. Assigns FSLA exemption status and corresponding incentive eligibility based on approved criteria. Communicates approved pay grades to leaders. Conducts audits and analyzes positions system-wide to maintain pay grade equity.
- Advises leaders and other applicable organizational units regarding compensation policies and procedures, guidelines, salary ranges, and other related issues. Provides guidance and expertise regarding the use of bonus codes/pay practices. Collaborates with others to develop and implement workable, cost-effective solutions that meet organizational needs.
- Conducts annual market reviews to analyze the competitiveness of MHS’ salary structures and employee salaries. Researches and evaluates market conditions and makes recommended adjustments to structures, employees rates and/or practices as needed.
- Guides leaders on the development of job descriptions and design of job families according to best practices. Audits and monitors job descriptions to ensure they are up-to-date in accordance with company policy and/or regulatory requirements. May serve as an author/editor of job descriptions to ensure conformity and consistency.
- Reviews (and may modify) Personnel Change Request Forms (PCRs) and performance appraisal information for accuracy and completeness and resolves problems related to same directly with leadership, HR or others.
- Employs the compensation database for analyses and market pricing of jobs. Maintains the database as up-to-date and accurate, executing archival procedures as necessary for preservation of data.
- Advises leadership on merit increase administration as part of the performance appraisal tools. As needed, revises performance appraisal templates and advises on their administration.
- Partners with other HR members to accomplish deliverables as appropriate. May serve on committees, task forces, and teams as deemed valuable by the organization.
- Assists in the administration of the Success Sharing Plan (SSP) and Leader (LEDR) incentive plans. Under the guidance of the Sr. Compensation Analyst, advises leaders on the elements and administration of these plans.
- Assists in the development of communication strategies and deliverables relative to the organization’s compensation program, applicable policies and pay practices.
- Participates in a variety of salary surveys; analyzes data to determine industry trends and potential impact to the organization’s salary structures, merit increase budget and employees’ pay levels.
- Conducts periodic analyses/audits to ensure compliance with policy, regulations and Joint Commission standards specific to compensation.
- Communicates with external consultants regarding compensation information or deliverables.
- Contributes to the creation and delivery of compensation training, intranet content, communications and other similar material. Delivers training or other presentations as required or requested.
- Participates in (or may lead certain aspects of) special projects.
- Conveys and promotes the organization’s HR philosophies and best practices, particularly those related to compensation and performance management.
- Performs other related work as required or requested.
Job Summary
Full Time
Hospital
$84k-102k (estimate)
07/04/2024
07/31/2024
memorialhealth.com
YORK, PA
25 - 50
1955
BRENDA L BARSHINGER
<$5M
Hospital
Related Companies
About Memorial Health
Memorial Health University Medical Center (MHUMC) is a 612-bed hospital in Savannah, Georgia. We opened our doors in 1955 and have evolved into the most advanced healthcare provider in the region. We are a regional referral center for heart care, cancer care, trauma care, children's care, high-risk pregnancies and high-risk newborn care. Our hospital includes the region's only Level 1 trauma center, the region's only children's hospital and the Savannah campus of Mercer University School of Medicine. Memorial Health is part of HCA Healthcare. HCA Healthcare has been continually named a World's... Most Ethical Company by Ethisphere since 2010. In 2019, HCA Healthcare spent an estimated $3.7 billion in cost for the delivery of charitable care, uninsured discounts, and other uncompensated expenses.
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The job skills required for Senior Compensation Analyst include Job Evaluation, Leadership, Market Pricing, Presentation, Competitiveness, Written Communication, etc. Having related job skills and expertise will give you an advantage when applying to be a Senior Compensation Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Senior Compensation Analyst. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Senior Compensation Analyst positions, which can be used as a reference in future career path planning. As a Senior Compensation Analyst, it can be promoted into senior positions as a Stock Plan Administrator III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Senior Compensation Analyst. You can explore the career advancement for a Senior Compensation Analyst below and select your interested title to get hiring information.
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