Compensation Analyst II

Mass General Brigham•Somerville, MA

7d•Remote

About The Position

Responsible for managing and analyzing compensation programs to ensure competitiveness, pay equity, and compliance with regulations. This role involves conducting market research, designing compensation structures, and providing guidance on compensation-related matters to HR and management.

Requirements

Bachelor's Degree Human Resources required
Bachelor's Degree Related Field of Study required
Experience in compensation analysis or related roles 5-7 years required
Excellent analytical and quantitative skills, with the ability to interpret complex data and make data-driven recommendations.
Strong attention to detail and accuracy in data analysis and reporting.
Effective communication and interpersonal skills, capable of working collaboratively with various stakeholders.
Proficient in compensation analysis software and Microsoft Office Suite, particularly Excel.
Strong problem-solving skills and the ability to manage multiple projects and deadlines in a fast-paced environment.
Advanced Microsoft Excel skills.

Responsibilities

Reviews jobs for slotting into the appropriate salary structure to ensure fairness and compliance with FLSA and other regulatory agencies.
Conducts market surveys and makes recommendations to salary ranges to ensure salaries remain competitive for recruitment and retention and meet the health system's compensation philosophy.
Partners with the HR Partners to provide results of compensation analysis of those impacted on paper or electronically when feasible to the payroll team.
Monitor and ensure compliance with federal, state, and local compensation regulations, including FLSA and equal pay laws.
Prepare and present detailed compensation reports and analyses to leadership, highlighting trends, variances, and recommendations for improvement.
Assist in the development of compensation policies and procedures to promote consistency and transparency.
Ensures internal pay equity annually and makes recommendations for salary adjustments as appropriate.