Compensation Analyst - Marshall Health
About The Position
Marshall Health is seeking a Compensation Analyst to participate in compensation surveys, analyze market trends, and ensure competitive pay practices. This role involves providing benchmarking data, researching compensation trends, and offering salary quotes for new hires and internal changes. The analyst will serve as a knowledge resource for management and administrators, analyze provider compensation plans for alignment with standards and regulations, and generate compensation reports. Responsibilities also include maintaining compensation policies, supporting management decisions with cost analysis, coordinating employee changes in the payroll system, performing annual pay equity analysis, evaluating provider productivity in relation to compensation, and providing guidance on compensation inquiries.
Requirements
- Experience with compensation surveys and data analysis.
- Knowledge of market trends and competitive pay practices.
- Ability to research current and emerging trends in compensation.
- Proficiency in generating compensation reports.
- Experience in maintaining compensation policies.
- Skills in analyzing compensation options and predicting costs.
- Experience with payroll systems for compensation administration.
- Ability to conduct pay equity analysis.
- Experience evaluating provider productivity related to compensation.
- Strong communication and interpersonal skills to provide guidance and support.
Nice To Haves
- Experience specifically with provider compensation.
- Familiarity with regulatory requirements related to compensation.
Responsibilities
- Participates in published compensation surveys throughout the year.
- Analyzes survey data, market trends, and competitive pay practices to ensure positions are market competitive and meet overall system objectives.
- Provides benchmarking data and recommendations for market adjustments annually or as requested.
- Proactively researches current and emerging trends in compensation and pay practices.
- Provides salary quotes for new hires, transfers, promotions, etc. for providers.
- Serves as a knowledge resource for Management and Department Administrators on compensation matters.
- Conducts analysis of provider compensation plans to ensure alignment with industry standards, organizational goals, and regulatory requirements.
- Generates compensation reports and prepares special reports by collecting, analyzing, and summarizing information and trends.
- Maintains compensation policies.
- Supports management's decision-making by analyzing compensation options and predicting future costs.
- Coordinates employee changes and compensation administration within the payroll system.
- Coordinates annual pay equity analysis.
- Evaluates provider productivity as it relates to compensation.
- Provides guidance and support to providers and management regarding compensation-related inquiries and issues.
- Performs other duties as assigned or requested.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
