Compensation Analyst I

Labcorp • Durham, NC

16d • Hybrid

About The Position

Labcorp is seeking a hybrid Compensation Analyst I to join our team in 10 Moore Drive, Durham, NC. This role is responsible for transactional compensation actions and analytics, including requests from TA, HR, and the business. In this role, the incumbent will participate in salary surveys, job evaluations, and analytical assignments involving the development, implementation and administration of compensation programs. Labcorp is a global leader in laboratory services, providing the insights and answers that help healthcare providers, patients, researchers, pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science, data, technology and laboratory network, we advance diagnostics, accelerate innovation and help address some of the world’s most important health challenges. As we shape the future of healthcare, we are leveraging advanced technologies, intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients. With our global scale and deep expertise, you’ll have the opportunity to do meaningful work, grow your career and make a real impact on people’s health around the world. Together, we’re improving health and improving lives.

Requirements

• Bachelor’s degree
• 1 year of related experience in a HR, Finance, or analytical data-focused role
• Strong problem-solving skills with demonstrated advanced proficiency in Excel (e.g. VLOOKUP, pivot tables, basic formulas).
• Strong analytical skills and attention to detail.
• Strong communication and interpersonal skills; presentation Fluency in English required,
• Desire to learn and take on new responsibilities
• Ability to handle sensitive data and maintain confidentiality.

Nice To Haves

• Masters degree
• 1 year experience with HRIS Systems (ideally Workday), including running queries, accessing and manipulating data
• 1 year experience with job analysis and job evaluation.

Responsibilities

• Participate in the administration and delivery of compensation programs
• Participate in the annual global compensation salary survey process
• Conduct job evaluations and market pricing
• Respond to compensation inquiries, ensuring on time delivery to HR and the business, adhering to high service levels and SLA requirements
• Support the development of salary increase proposals and promotions through data-driven analysis.
• Assist with research and analysis of compensation and reward programs
• Ensure compensation practices are in compliance with federal, state, and local regulations across all countries
• Conduct market research and benchmarking to support compensation programs and practices
• Provide support in the administration of salary planning, merit planning, and incentive programs
• Approve job/compensation-related actions in Workday
• Prepare compensation reporting and analyses
• Assist and support compensation-related projects, processes, and audits as needed

Benefits

• Medical
• Dental
• Vision
• Life
• STD/LTD
• 401(k)
• Paid Time Off (PTO) or Flexible Time Off (FTO)
• Tuition Reimbursement
• Employee Stock Purchase Plan

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level