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Analyst - Senior Compensation

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Baptist Memorial Health Care

22d ago

  • Job
    Full-time
    Mid Level
  • Data
    People, HR & Administration
  • Memphis

AI generated summary

  • You should have a Bachelor’s in HR or finance, 4+ years in compensation, Excel expertise, strong communication skills, and the ability to manage multiple priorities while maintaining confidentiality.
  • You will analyze compensation data, advise on job classifications, benchmark salaries, create reports, educate stakeholders, and mentor junior team members while ensuring compliance with regulations.

Requirements

  • Preferred: Master's degree in human resources, finance, accounting, or related field
  • Minimum: Bachelor's degree in human resources, finance, accounting or related field or equivalent relative experience in lieu of degree
  • Minimum: Four years of directly related compensation experience
  • Preferred: CCP, or S{HR or SCP
  • Minimum:
  • Able to perform work with a high degree of latitude
  • Demonstrated expert knowledge in using Microsoft Excel including vlookups, pivot tables and formula generation.
  • Able to navigate and provide resolution options to the most complex issues
  • Extensive knowledge of quantitative and qualitative research methods
  • Extensive knowledge of human resource laws, regulations and best practices
  • Excellent written and verbal communication skills
  • Excellent analytical and problem-solving skills
  • Solid working knowledge of other MS Office applications including Word, Outlook and PowerPoint
  • Excellent interpersonal skills, including strong oral and written communication skills and the ability to communicate potentially detailed and complex information to others
  • Ability to protect and maintain confidential and highly sensitive information with discretion and tact
  • Aptitude and willingness to work with complex procedures
  • Strong organizational skills and attention to detail
  • Ability to manage multiple priorities and adjust to changing priorities and deadlines in a professional manner
  • Ability to work independently and with a team
  • Strong work ethic with the willingness and ability to assume new tasks and responsibilities
  • Ability to exercise initiative, independent judgement and common sense
  • Strong service orientation, and an ability to establish and maintain effective working relationships with customers, peers, leadership and partners across a geographically dispersed environment
  • Ability to work well under pressure, facilitate solutions and meet deadlines and milestones for projects and assignments
  • Ability to work extended hours as necessary to fulfill time sensitive responsibilities

Responsibilities

  • Conducts data and cost analyses used in the creation of problem solving options.
  • Provides expert consult in the area of compensation, equity and job structure.
  • Facilitates the creation of creative ancillary pay programs or options.
  • Runs queries, develops and maintains tools to capture relevant HR metrics, which may include but is not limited to turn-over.
  • Develops effectiveness in the use of data visualization to turn complex data into simple and easy to understand narratives for senior business leaders and HR stakeholders.
  • Educates and communicates compensation practices and principles to partners within Human Resources and clients within the organization.
  • Prepares and maintains job descriptions that 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 range.
  • Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
  • Prepares and maintains job classifications and salary scales.
  • Prepares and presents summary reports of job analysis and compensation analysis information.
  • Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
  • Evaluates and implements job analysis instruments and materials.
  • Advises management on applicable state and federal employment regulations, benefits and compensation policies, and human resource procedures.
  • May act as a mentor to junior team members.
  • Performs other related duties as assigned.

FAQs

What is the minimum educational requirement for this position?

The minimum educational requirement for this position is a Bachelor’s degree in human resources, finance, accounting, or a related field, or equivalent relative experience in lieu of a degree.

How many years of experience are required for this role?

The minimum experience required for this role is four years of directly related compensation experience.

Is certification necessary for applicants?

While not necessary, preferred certifications include CCP (Certified Compensation Professional), SHRM-CP (Society for Human Resource Management - Certified Professional), or SHRM-SCP (Society for Human Resource Management - Senior Certified Professional).

What skills are essential for this position?

Essential skills include expert knowledge of Microsoft Excel, extensive knowledge of quantitative and qualitative research methods, excellent written and verbal communication skills, strong analytical and problem-solving skills, and the ability to manage multiple priorities effectively.

Will I be responsible for developing compensation programs?

Yes, one of the key responsibilities of this role is to facilitate the design, development, administration, and implementation of compensation programs, policies, structures, and practices.

What kind of reports will I need to prepare in this role?

You will be required to prepare and present summary reports of job analysis and compensation analysis information to assist with planning, job offers, and equity decisions.

Is mentoring part of the responsibilities for this position?

Yes, this position may involve acting as a mentor to junior team members.

What is the work schedule for this job?

The work schedule for this job is full-time during the days.

Where is this position located?

This position is located at the BMHCC Corporate Office in Memphis, Tennessee.

What benefits does Baptist Memorial Health Care offer?

Baptist offers competitive salaries, paid vacation/time off, continuing education opportunities, a generous retirement plan, health insurance (including dental and vision), sick leave, service awards, free parking, short-term disability, life insurance, health care and dependent care spending accounts, education assistance, and an employee referral program.

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Baptist Memorial Health Care

Science & Healthcare
Industry
10,001+
Employees

Mission & Purpose

Baptist Memorial Health Care is one of the country’s largest not-for-profit health care systems and the largest provider of Medicaid in the region. Baptist offers a full continuum of care to communities throughout the Mid-South and consistently ranks among the top integrated health care networks in the nation. The health care system comprises 22 affiliate hospitals in West Tennessee, North and Central Mississippi and East Arkansas; more than 5,400 affiliated physicians; Baptist Medical Group, a multispecialty physician group with more than 900 providers; home, hospice and psychiatric care; minor medical centers and clinics; a network of surgery, rehabilitation and other outpatient centers; and an education system highlighted by Baptist Health Sciences University (formerly Baptist College of Health Sciences). Baptist employs more than 19,000 people, and in fiscal year 2020 contributed more than $352 million in community benefit and uncompensated care to the communities it serves