Compensation Analyst

HonorHealth • Virtual - Arizona, AZ

6d • Remote

About The Position

The Compensation Analyst administers organizational compensation policies and procedures in compliance with regulatory guidelines. The role conducts research and prepares formal recommendations for pay program changes, job evaluations, wage plan adjustments, market data assessments, and other compensation projects. It collaborates with management and internal departments to establish and maintain sound compensation practices and administer employee status changes and salary planning programs.

The analyst manages the creation and updating of job descriptions, including job analysis, market research, internal and external equity assessment, and pay recommendations in collaboration with business leaders. The role analyzes, forecasts, costs, assesses, and models compensation programs and incentive plans to support market competitiveness. It also participates in compensation surveys, benchmarks and uploads data to vendor survey databases, and maintains survey data through updates, uploads, and validation. The analyst supports compensation team projects, implementation, process improvements, policies, and programs, collaborating with Finance, HRIS, Talent Acquisition, HRBPs, and organizational leaders as needed.

Requirements

• Bachelor's degree or four years of work-related experience in a related field.
• One year of compensation experience.

Nice To Haves

• One year of experience in healthcare compensation.

Responsibilities

• Manage the job description creation and update evaluation process, including job analysis, market data research, internal and external equity assessment, pay recommendations, and collaboration with business leaders from inception through completion.
• Perform analysis, forecasting, costing, compensation project assessments, and modeling for compensation programs and incentive plans as needed to support market competitiveness.
• Participate in compensation surveys to collect and benchmark data and upload it to vendor survey databases.
• Maintain the survey database through bi-weekly updates, survey uploads, data validation for reporting, and expanded use of the database.
• Support compensation team projects by assisting with implementation, project processes, process improvement, action items, policies, and programs.
• Collaborate with Finance, HRIS, Talent Acquisition, HRBPs, and organizational leaders on process improvements, updates, and projects as needed.
• Perform other related duties as assigned or requested.

What This Job Offers

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