Compensation Analyst

Connecticut Children's•CT, CT

13d

About The Position

The Compensation Analyst supports high-volume daily compensation requests and partners with Human Resources team members on compensation-related issues. The role recommends pay rates for internal promotions, transfers, and external candidates; assists with job descriptions and salary surveys; supports administration of the annual performance and merit cycles; and contributes to ad hoc projects. The analyst evaluates jobs across organizational levels and functions, conducts market and internal equity analyses, and advises on job level, market title, and FLSA classification. The position also supports job structure reviews and helps plan, coordinate, facilitate, administer, and report on the annual merit program.

Requirements

High school diploma, GED, or higher education requiring completion of high school.
Five or more years of directly related experience, or three or more years of related experience in healthcare.
Bachelor's degree in business, Human Resources, or a related field.
Knowledge of compensation principles and practices, with the ability to work with minimal input and make sound recommendations.
Skill in analyzing and evaluating job content.
Excellent oral and written communication, research, analytical, evaluation, and negotiation skills.
Knowledge of computerized information systems used in human resources applications.
Proficiency in Excel, PowerPoint, and database skills, including developing spreadsheets and presentations.
Ability to provide exceptional customer service and support.

Responsibilities

Evaluate jobs across organizational levels and functions to determine appropriate range, level, and FLSA status.
Recommend pay rates for internal promotions, internal transfers, and external candidates, partnering with Talent Acquisition, HR Business Partners, and managers to support equitable and appropriate base pay.
Participate in annual and ad hoc salary surveys, ensuring submissions are completed by deadlines.
Post salary survey results for Compensation team members.
Track salary survey budget and spending.
Complete full market reviews for assigned job families using current market survey data, and develop estimates and action proposals for market reviews and adjustments.
Conduct regular internal equity analyses to support equitable and fair pay.
Review job descriptions and support HR Business Partners in the steps needed to create new jobs.
Provide guidance on job level, appropriate market title, and FLSA classification.
Support job structure review projects.
Assist and collaborate in planning, coordinating, facilitating, administering, and reporting on the annual merit program.
Perform other job-related duties as assigned.