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Compensation Specialist

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Hackensack Meridian Health

5d ago

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

AI generated summary

  • You need a Bachelor's in HR, Business, or Finance, some related experience, strong Excel/Word skills, data analysis ability, HR and compensation background, Google experience, and CCP certification.
  • You will manage compensation inquiries, handle HR transactions, maintain job descriptions, analyze salary data, participate in surveys, compile reports, and collaborate with HR, Finance, and Payroll.

Requirements

  • Bachelor's degree in Human Resources, Business Administration, Finance or a related field.
  • Some experience in a related area or field.
  • Advanced skills in Microsoft Excel and Word.
  • Strong attention to detail.
  • Ability to analyze and interpret large data files.
  • Prior Human Resources experience.
  • Prior Compensation experience.
  • Google experience
  • Certified Compensation Professional.

Responsibilities

  • Researches and resolves compensation issues based on employee inquiries.
  • Handles all Leader Self Service transactions within PeopleSoft that roll up to the Compensation department including, but not limited to, pay rate change requests, employee transfers, position reclassifications, and additional pay changes.
  • Manages the Human Resources Job Description Library ensuring all job descriptions are updated as well as in the proper job description format and maintained within PeopleSoft.
  • Develops job descriptions reflecting appropriate title, essential functions, qualifications, and requirements.
  • Conducts internal comparisons to ensure wage and salary range recommendations are equitable.
  • Evaluates and analyzes salary data and makes recommendations to more senior members of the compensation team for approvals.
  • Participates in compensation surveys compiling and submitting requested data followed by analyzing the results and making recommendations to more senior members of the compensation team.
  • Compiles statistical information and prepares reports relating to compensation and position management utilizing the HRIS system.
  • Creates and provides reports using PeopleSoft and Excel spreadsheets.
  • May provide support for productivity programs (gainsharing, patient experience) as needed, such as program implementation or maintenance.
  • Partners with all divisions within Human Resources as well as Finance and Payroll in various functions.
  • Evaluates compensation offers for internal transfers and new hires.
  • Other duties and/or projects as assigned.
  • Adheres to HMH Organizational competencies and standards of behavior.

FAQs

What is the role of a Compensation Specialist at Hackensack Meridian Health?

The Compensation Specialist is responsible for assisting in the administration of compensation programs, resolving compensation issues, managing job descriptions, conducting internal salary comparisons, and analyzing salary data.

What kind of education is required for this position?

A Bachelor's degree in Human Resources, Business Administration, Finance, or a related field is required.

Is prior experience necessary for this role?

Some experience in a related area or field is required, while prior Human Resources and Compensation experience is preferred.

What software skills are required for a Compensation Specialist?

Advanced skills in Microsoft Excel and Word are required, and experience with Google applications is preferred.

What are the primary tools and systems used in this position?

The primary tools include PeopleSoft for managing transactions and the HRIS system for compiling reports.

Are there opportunities for career development as a Compensation Specialist at Hackensack Meridian Health?

Yes, the role offers opportunities to analyze and make recommendations, participate in compensation surveys, and collaborate across various departments.

What is the focus of the Compensation Specialist's role in terms of employee support?

The focus is on resolving compensation issues, evaluating compensation offers, and ensuring equitable salary range recommendations.

Is certification important for this role?

While a Certified Compensation Professional certification is preferred, it is not explicitly required for the position.

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Hackensack Meridian Health

Keep getting better.

Science & Healthcare
Industry
10,001+
Employees
2016
Founded Year

Mission & Purpose

We are a leading not-for-profit health care organization that is the largest, most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care. In addition to our 18 hospitals, we are home to more than 36,000 team members, 7,000 physicians and 500+ patient care locations, including ambulatory care centers, surgery centers, home health services, long-term care and assisted living communities, ambulance services, lifesaving air medical transportation, urgent care centers, physician practice locations, and a fitness and wellness center. Transforming Care Our Hackensack Meridian Center for Discovery and Innovation is dedicated to developing and translating innovations in biomedical sciences to improve outcomes for cancer patients and others with life threatening, disabling and chronic diseases. Our vision at the Center for Discovery and Innovation is to transform today’s ideas into tomorrow’s new health care delivery. Defining Academic Excellence At the Hackensack Meridian School of Medicine, our mission is to develop our students, residents, fellows, faculty, and health care environment to deliver the highest quality care for all. Our approach is unique as we utilize the best components of different evidence-based teaching methods, and structure our foundational curriculum explicitly to give students what they need to thrive in the modern, technically demanding, clinical setting. We are proud to have two hospitals ranked on New Jersey’s Top 10 Best Hospitals list according to U.S. News & World Report, including Hackensack University Medical Center, the #1 adult and children’s hospital in the state, and Jersey Shore University Medical Center at #6. JFK Johnson Rehabilitation Institute has also once again been ranked among the nation’s best rehabilitation hospitals. No matter what, or when, we are ready to care for you. Environmental, Social and Governance (ESG) To demonstrate our commitment to creating a more equitable and sustainable future, ESG practices are part of our strategic priorities across the network. Read our 2023 Environmental, Social and Governance report to learn more about how this critical work is building stronger, healthier and thriving communities across New Jersey and beyond.

Benefits

  • Health and Wellbeing

    Employee Assistance Program (EAP)

  • Health Plans

  • Learning and Development

    Performance Management & Learning and Development

  • Retirement

    Hackensack Meridian Health 401k Savings Plans

  • Time Off

    Paid Time Off (PTO)

  • Former Team Members