Compensation Analyst

Sheppard Pratt Careers • Towson, MD

23d

About The Position

The Compensation Analyst supports Sheppard Pratt managers, employees, and applicants by providing fair, confidential, and high-quality compensation services. The role develops and maintains job descriptions and classifications, evaluates positions for exempt or nonexempt status and appropriate pay ranges, and maintains compensation data and pay scales in the HRIS. It prepares reports and shares position and pay information with Finance for budgeting and planning, administers approved policies and practices, and works with IT on compensation-related mass data changes.

The analyst benchmarks jobs using compensation surveys and market intelligence, analyzes data and trends, and monitors labor-market and economic conditions to help ensure competitive and reasonable compensation. The role advises management on applicable employment regulations and HR policies, maintains required documentation, consults with recruiters on offers and pay equity, and collaborates with Payroll and HR colleagues. It also coordinates integration of Community Services compensation and job descriptions into a combined compensation program and participates in other projects as needed.

Requirements

• Bachelor's degree in Human Resource Management, Business Administration, or a related field; CCP or HRCI/SHRM certification may be substituted for the degree.
• At least 2 years of compensation analyst experience; experience in healthcare, nonprofit, or education is preferred.
• Excellent verbal and written communication skills.
• Comprehensive knowledge of human resource laws, regulations, and best practices.
• Extensive knowledge of quantitative and qualitative research methods.
• Excellent organizational and time-management skills.
• Proficiency with Microsoft Office Suite or similar software.
• Demonstrated attention to detail and accuracy in maintaining data, files, and systems.
• Analytical ability to extract and analyze information, perform statistical calculations, and develop reports and systems that support efficient decision-making.

Nice To Haves

• CCP, HRCI, or SHRM certification.
• Compensation analyst experience in a healthcare, nonprofit, or education environment.

Responsibilities

• Provide quality service to Sheppard Pratt managers, employees, and applicants while maintaining confidentiality and fairness.
• Prepare and maintain job descriptions that accurately reflect the work performed; interview and survey employees and managers to document job duties, responsibilities, skills, and organizational information.
• Evaluate jobs to determine exempt or nonexempt classification and appropriate pay ranges.
• Prepare and maintain job classifications and pay scales; maintain position and pay-scale data in the HRIS and provide data to Finance for budgeting and planning.
• Prepare and distribute reports as needed, maintain compensation policies and practices subject to leadership approval, and administer and communicate approved policies and practices.
• Review compensation policies and practices and recommend revisions; communicate preferred compensation methods and best practices.
• Coordinate with IT to import general increase, market adjustment, and other mass pay-change files; ensure data integrity.
• Participate in compensation surveys, benchmark jobs against survey data and market intelligence, and use spreadsheet and data-analysis techniques to assess results and trends.
• Maintain knowledge of economic conditions, labor markets, competitive conditions, and compensation administration developments and best practices.
• Advise management on employment regulations, compensation policies, and HR procedures; explain applicable policies and legal constraints to managers and employees.
• Complete records, reports, and other documentation required by federal and state rules, provider rules, regulations, and policies.
• Consult with recruiters on job offers and pay-equity reviews.
• Collaborate with the Payroll Manager to ensure payroll reflects approved policies, practices, and legal requirements.
• Collaborate with HR staff on compensation matters and broader Human Resources projects.
• Coordinate integration of Community Services compensation and job descriptions into a combined compensation program.
• Participate in other projects and assignments as needed.

Benefits

• Professional development, including a comprehensive tuition reimbursement program for ongoing education and licensure and/or certification preparation.
• Medical, dental, and vision benefits for benefit-eligible positions.
• 403(b) retirement match.
• Paid time off for benefit-eligible positions.
• Complimentary Employee Assistance Program (EAP).
• Mileage reimbursement program.

What This Job Offers

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