Compensation Analyst - Human Resources

Job Title

Compensation Analyst - Human Resources
Job ID

2024-156769
Department

Human Resources-Compensation
Site

HMH Hospitals Corporation
Job Location

US-NJ-Edison
Position Type

Full Time with Benefits
Standard Hours Per Week

40
Shift

Day
Shift Hours

Day
Weekend Work

No Weekends Required
On Call Work

No On-Call Required
Holiday Work

No Holidays Required
Job Post Information* : External Company Name

Hackensack Meridian Health
Job Post Information* : External Company URL

https://www.hackensackmeridianhealth.org/
Job Post Information* : Posted Date

11/22/2024
Job Location : Postal Code

08837
Job Location : Address

499 Thornall Street

Qualifications:

Education, Knowledge, Skills and Abilities Required:

• Bachelor's Degree in a related area.
• Minimum of 1 year of experience in the field or in a related area.
• Knowledge of commonly-used concepts, practices, and procedures within a particular field.
• Strong Microsoft Office computer skills.

Education, Knowledge, Skills and Abilities Preferred:

• Working knowledge of HR systems.

Licenses and Certifications Preferred:

• Certified Compensation Professional.

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!    

Responsibilities:

A day in the life of a Compensation Analyst at Hackensack Meridian Health includes:

 

• Serves as a Compensation Business Partner for a segment of Hackensack Meridian Health encompassing those directors and all of their department roll-ups regarding any and all inquiries related to compensation.
• Researches and resolves compensation issues based on employee inquiries.
• Provides merit increase calculations and projections to the Finance department for budget planning purposes.
• Calculates all Employee Incentive Plan (EIP) and Management Incentive Plan (MIP) quarterly and annual results and provides Senior Leadership with projected payouts and overall cost.
• Handles all MSS transactions within PeopleSoft that roll up to the Compensation department including, but not limited to, pay rate change requests, employee transfers, position reclassifications, and additional pay changes.
• Manages the Human Resources Job Description Library ensuring all job descriptions are updated as well as in the proper job description format.
• Develops job descriptions reflecting appropriate title, essential functions, qualifications, and requirements.
• Conducts internal comparisons to ensure wage and salary range recommendations are equitable.
• Evaluates and analyzes salary data and recommends salary ranges as appropriate based on market data.
• Assists in the area of physician compensation when necessary.
• Participates in compensation surveys compiling and submitting requested data followed by analyzing the results and making recommendations accordingly.
• Compiles statistical information and prepares reports relating to compensation and position management utilizing the HRIS system.
• Creates and provides reports using PeopleSoft and Excel spreadsheets.
• May provide support for productivity programs (gainsharing, patient experience) as needed, such as program implementation or maintenance.
• Partners with all divisions within Human Resources as well as Finance and Payroll in various functions.
• Travel time required as needed.
• Adheres to the standards identified by the Medical Center's Organizational Competencies.