Compensation Analyst II

Option Care Health • Bannockburn, IL

10d

About The Position

The Compensation Analyst II participates in developing, implementing, and administering compensation programs and policies aligned with Option Care Health’s strategy, supporting market competitiveness and legal compliance. The role co-leads large compensation projects and leads small- to mid-size projects. It provides compensation consultation to HR Business Partners and other business leaders and works with teams including Talent Acquisition and HR Technology.

Requirements

• Bachelor’s degree in Business Administration, Finance, HR, or Economics.
• At least 1 year of previous compensation analyst experience.
• Proven track record of leading and owning projects from start to finish.
• Knowledge of confidentiality requirements associated with Human Resources.
• Knowledge of job evaluation techniques, salary survey practices and methodologies, salary structures, job documentation, total rewards elements, and career ladder concepts.
• Intermediate or advanced skills in Microsoft Word, Excel, and PowerPoint.
• Knowledge of applicable wage and hour laws.
• Experience providing customer service to internal and external customers, meeting service quality standards, and evaluating customer satisfaction.

Nice To Haves

• Bachelor’s degree in Human Resources.
• Certified Compensation Professional certification.

Responsibilities

• Support the development and administration of broad-based compensation programs and policies through market research, analysis, audits, system testing, and communications.
• Provide compensation consultation to HR Business Partners and other business leaders.
• Lead portions of the analytics, testing, and administration of annual merit and bonus cycles, salary structure design and maintenance, and annual incentives, including data collection, cost modeling, requirements documentation, testing and auditing, and customer support.
• Maintain compensation market data and participate in compensation salary surveys.
• Conduct job evaluations.
• Administer special pay practices, including on-call and callback pay, shift differential pay, and special bonus programs.
• Partner with Talent Acquisition to review and recommend compensation changes.
• Partner with HR Technology to use the HRIS for data integrity and administration of compensation processes.
• Participate in developing compensation communication materials.
• Co-lead large compensation projects and lead small- to mid-size compensation projects.

Benefits

• Medical, dental, and vision insurance.
• Paid time off.
• Bonding time off.
• 401(k) retirement savings plan with company match.
• HSA company match.
• Flexible spending accounts.
• Tuition reimbursement.
• myFlexPay.
• Family support.
• Mental health services.
• Company-paid life insurance.
• Award and recognition programs.

What This Job Offers

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