Compensation Analyst - Marshall Health

Marshall Health • Huntington, WV

4d

About The Position

The Compensation Analyst role at Marshall Health is responsible for managing and analyzing compensation data to ensure market competitiveness and alignment with organizational objectives. This position involves participating in compensation surveys, analyzing market trends, providing benchmarking data, and supporting management with compensation-related decisions. The analyst will also be involved in generating reports, maintaining compensation policies, and coordinating various compensation administration processes, including pay equity analysis and provider productivity evaluation.

Requirements

• Bachelor’s degree in business administration, healthcare administration, human resources or other related field required.

Nice To Haves

• Experience in healthcare, specific to provider productivity and compensation preferred.

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. In addition, serves as a knowledge resource for Management and Department Administrators on such 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.
• Coordinate 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.

What This Job Offers

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