Compensation Coordinator - Compensation - Days

Memorial Hospital at Gulfport•Gulfport, MS

21h

About The Position

Under direction of the Compensation Manager, the Compensation Analyst II is responsible for assisting with the administration of compensation, by conducting analysis and interpretation related to the organizations compensation programs. The Compensation Analyst performs a series of functions to include but not limited to, researching, evaluating, documenting, interpreting, and managing job requirements, job positions, job descriptions, compensation databases, and job and compensation structures. The Compensation Analyst performs benchmarking compensation activities related to maintaining competitive compensation levels that support the organizations total reward philosophy, objectives, and practices, and ensures that all compensation-related activities are in compliance with applicable regulations and standards.

Requirements

Bachelor's Degree in Human Resources, Business or another discipline directly related to this position
Two years of experience administering compensation programs and performing job and compensation or data analysis; or 12 months in the level I Compensation Analyst position.
Conducting studies and preparing sound recommendations
Analyzing and interpreting policies, practices, and procedures
Preparing written reports for varied audiences
Maintaining confidentiality
Conducting research, analyzing information and data, and presenting findings in a concise format
Addressing difficult situations in a constructive manner
Utilizing computer technology used for communication, data gathering, and reporting
Problem-solving; mediates difficult interactions, escalating problems to a higher level when warranted
Building a rapport with employees, peers, and managers in conducting job reviews

Responsibilities

Evaluates and aligns the organizations jobs by conducting job analyses, creating job descriptions and determining job classifications
Prepares and maintains job descriptions for each position in the organization; ensures descriptions accurately reflect the work being performed by incumbents
Interviews and surveys employees and managers to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job
Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary grade assignment
Reviews jobs for reorganizations, contractual reviews, and projects, including both job audits and evaluations; Documents job-specific findings and recommendations to contribute to a comprehensive project report
Working within HR systems and procedures, ensures all aspects of job creation are addressed in a timely manner, i.e. creation of job code, posting of new and revised descriptions, etc.
Conducts salary and labor market research to define benchmarks and price jobs
Benchmarks jobs against published survey data and other market intelligence to obtain and analyze market pay rates
Makes recommendations on appropriate salary grade assignments; Reviews recommendations within MHG context for internal equity
Prepares and maintains job classifications and salary grades
Conducts and oversees the preparation of various salary and benchmarking surveys through the compilation and reporting of data to third-party survey providers
Reviews and recommends salary placements for new hires
Conducts job and compensation evaluations; Analyzes market and organizational data and reports on findings
Reviews requests for job and compensation evaluations and makes classification/pay level determinations, including reviewing job questionnaires, conferring with managers and employees, evaluating jobs and preparing written reports on findings
Models financial and organizational impact of compensation recommendations; Prepares reports on findings and handles administrative steps to formalize recommendations; Communicates with stakeholders regarding the result of compensation work
Researches situations as they arise related to aspects of compensation to provide clarity for resolution in consideration of contract provisions, historical practices, similar situations, etc.
Prepares and presents summary reports of job analysis and compensation analysis information
Provides analytical support and data analysis on projects and human resource metrics
Ensures that compensation practices are in compliance with current laws and regulations; Conducts periodic audits, prepares and presents reports
Assists with the development and administration of pay practices and policies
Develops and documents compensation practices and procedures to streamline processes and ensure compliance with regulatory requirements
Keeps abreast with new trends and best practices in the field
Maintains agreements related to employment and pay practices