What are the responsibilities and job description for the Compensation Analyst position at Children's National Medical Center?
Description The Compensation Analyst is responsible for supporting the administration and planning of the employee compensation program to ensure the most competitive and strategic compensation practices. Maintains collaboration and effective partnerships by providing analysis support to various stakeholders.
Qualifications Minimum Education
Bachelor's Degree (Required)
Minimum Work Experience
1 year Analyst experience in industries such as human resources, finance, or other related specialties. Related internship experience considered (up to 6 months). Candidate should have experience conducting analyses with large data sets in excel. Compensation or financial analysis experience preferred. (Required)
Functional Accountabilities
Compensation Analysis
Organizational Accountabilities
Organizational Accountabilities (Staff)
Organizational Commitment/Identification
Teamwork/Communication
Performance Improvement/Problem-solving
Cost Management/Financial Responsibility
Safety
Bachelor's Degree (Required)
Minimum Work Experience
1 year Analyst experience in industries such as human resources, finance, or other related specialties. Related internship experience considered (up to 6 months). Candidate should have experience conducting analyses with large data sets in excel. Compensation or financial analysis experience preferred. (Required)
Functional Accountabilities
Compensation Analysis
- Serves as a key resource to Senior Compensation Consultants, Strategic HR, Talent Acquisition, and business leadership to ensure pay practices are competitive, market-relevant, strategic, and compliant with regulatory requirements.
- Evaluates job description requests to ensure alignment with internal philosophy and external market. Conducts job analysis to determine Fair Labor Standards Act (FLSA) classification, benchmarking against external salary surveys, and internal grade range alignment.
- Conducts pay analysis to make recommendations for various ad hoc pay transactions such as new hires, promotions, and internal equity inquiries.
- Assists Senior Compensation Consultants with market analyses and internal salary reviews to ensure market competitiveness and internal equity.
- Supports cyclical compensation processes such as annual salary increases for union and non-union populations, special incentive payouts, and market adjustments.
- Supports salary survey management by participating in salary surveys to obtain data to support changes in policy, practice, and rates of pay, ensuring the most competitive and strategic compensation practices.
- Participates in the development and implementation of HRIS applications. Provides ongoing compensation support to HRIS team.
- Serves as a resource for compensation applications (such as MarketPay, JDXpert) for data updates, user assistance and vendor support.
- Administers updates to compensation resources, including but not limited to salary ranges, hiring guidelines, compensation forms, and job code tables.
- Assists with data collection for compliance filings and department audits.
- Maintains a working knowledge of regulatory matters to ensure compensation policies, practices and procedures are compliant.
- Provides ongoing process and audit reviews; serve as peer review lead to insure compliant fiscal safeguards.
Organizational Accountabilities
Organizational Accountabilities (Staff)
Organizational Commitment/Identification
- Anticipate and responds to customer needs; follows up until needs are met
Teamwork/Communication
- Demonstrate collaborative and respectful behavior
- Partner with all team members to achieve goals
- Receptive to others' ideas and opinions
Performance Improvement/Problem-solving
- Contribute to a positive work environment
- Demonstrate flexibility and willingness to change
- Identify opportunities to improve clinical and administrative processes
- Make appropriate decisions, using sound judgment
Cost Management/Financial Responsibility
- Use resources efficiently
- Search for less costly ways of doing things
Safety
- Speak up when team members appear to exhibit unsafe behavior or performance
- Continuously validate and verify information needed for decision making or documentation
- Stop in the face of uncertainty and takes time to resolve the situation
- Demonstrate accurate, clear and timely verbal and written communication
- Actively promote safety for patients, families, visitors and co-workers
- Attend carefully to important details - practicing Stop, Think, Act and Review in order to self-check behavior and performance
Primary Location: Maryland-Silver Spring
Work Locations:
Inventa Towers
1 Inventa Place
Silver Spring 20910
Job: Human Resources
Organization: People
Position Status: R (Regular) - FT - Full-Time
Shift: Day
Work Schedule: 8:30am-5:00pm EST
Job Posting: Oct 15, 2024, 7:54:11 PM
Full-Time Salary Range: 67350.4 - 112257.6
Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individual with Disabilities.
