Sr. Compensation Analyst - Physician Compensation

Ascension

Jan 15

Applications are closed

Job
Full-time
Junior & Mid Level
Healthcare
United Kingdom, +15
Remote

Requirements

Education:
High School diploma equivalency with 2 years of cumulative experience OR Associate's degree/Bachelor's degree OR 4 years of applicable cumulative job specific experience required.
Additional Preferences
Previous experience in the healthcare industry is strongly preferred

Responsibilities

The Sr. Compensation Analyst - Physician Compensation researches, analyzes, and advises on physician and APP compensation programs and processes using standardized methodologies for job analysis, salary surveys, costing models, business analytics, and salary structures. The Sr. Compensation Analyst - Physician Compensation collaborates with HR, business leaders, and team members in the overall delivery of key compensation initiatives as well as strategic projects supporting the organization.
Analytical ability and Problem Solving: Summarize and analyze complex data including existing reports and systems as well as identifying gaps and making recommendations on improvements. Provide excellent customer service through organized and strategic insights. Be an approachable partner combining curiosity and a detail oriented approach to draw conclusions.
Self-starter and Critical Thinking: Run reports and share relevant data, performs thorough and complicated analysis, shares key insights and initial solutions to solve customer challenges. Anticipates market needs based on findings. Generate and deliver market trend analysis reports and presentations based on market needs and business challenges. Anticipates market needs based on trend analysis and data conclusions.
Benchmark analysis using standard processes and methodologies for reviewing service line compensation structures, incentive plans, and market differentiators. Understand and communicate benefits and drawbacks of compensation plans including financial impact.
Market Analysis: Listens to market conditions, asks probing questions and collaboratively provides solutions with the team. Leads job evaluations, ensuring accuracy and integrity of matches, provides and/or reviews recommendations including market pricing, FLSA reviews, career track, grade recommendations, and SWIM activity analysis. Completes detailed compensation analysis related to market changes and conditions; identify data gaps and risks; draw conclusions based on data analysis; formulate insights and communicate findings.
Salary Administration Process: Participate in planning and implementation of compensation processes including, increase analysis, budget reconciliations, communications, system set up and testing. Partner with markets to develop standardized models and projections.
Systems: Identification of technical requirements, complex calculations, data fields and elements related to pay programs and able to articulate and translate into business requirements. Initiate system or data updates through service tickets or internal resources. Identifies and requests changes or updates to HCM and Timekeeping to support pay practices policies. Provides internal ad hoc reporting as required.
Assists with the development and delivery of compensation programs and policy communications to meet the needs of the customer while aligned with Ascension overall compensation strategy. Function as a point of contact for compensation program inquiries including data requests. Recommends process improvements and efficiencies for practices. Participates in multiple compensation projects and the vendor invoice process. Participate in the development of compensation projects and work plans, accountable for project accuracy, progress and deadlines. Participates in developing and maintaining accurate SOPs and other internal procedure guidelines that foster continuity of processes. Responsible for mentoring, coaching, developing other team members in their area of expertise.

FAQs

What is the job title for this position?

The job title is Sr. Compensation Analyst - Physician Compensation.

What department is this position associated with?

This position is associated with the Compensation Services department.

What is the work schedule for this role?

The work schedule is full-time, consisting of an 8-hour day shift, Monday through Friday.

Is this position fully remote?

Yes, the position is remote with up to about 10% travel.

What benefits are offered for this position?

Benefits include paid time off (PTO), various health insurance options, retirement benefits including employer match plans, long-term and short-term disability, employee assistance programs, parental leave and adoption assistance, tuition reimbursement, and opportunities to give back to the community.

What are the educational requirements for the Sr. Compensation Analyst position?

The educational requirements are a high school diploma equivalent with 2 years of cumulative experience, an Associate's degree, a Bachelor’s degree, or 4 years of applicable cumulative job-specific experience.

Is previous experience in the healthcare industry preferred for this role?

Yes, previous experience in the healthcare industry is strongly preferred.

What main responsibilities does the Sr. Compensation Analyst have?

The main responsibilities include researching and analyzing physician and APP compensation programs, conducting market analysis, participating in salary administration processes, and assisting with the development and delivery of compensation programs.

Can I expect to be involved in multiple compensation projects?

Yes, you will participate in multiple compensation projects and be accountable for project accuracy, progress, and deadlines.

What type of analysis is emphasized in this role?

The role emphasizes analytical ability, problem-solving, benchmarking analysis, market analysis, and salary administration processes.

How can potential applicants apply for this position?

Potential applicants must apply for a position using the official application process outlined by Ascension.

What does Ascension prioritize as part of its mission?

Ascension prioritizes transforming healthcare and providing care to all, especially those most in need, while reimagining the delivery of a people-centered healthcare experience.

Ascension

A faith-based healthcare organization dedicated to transformation through innovation across the continuum of care.

Science & Healthcare

Industry

10,001+

Employees

1999

Founded Year

Mission & Purpose

Ascension (www.ascension.org) is a faith-based healthcare organization dedicated to transformation through innovation across the continuum of care. As one of the leading non-profit and Catholic health systems in the U.S., Ascension is committed to delivering compassionate, personalized care to all, with special attention to persons living in poverty and those most vulnerable. In FY2018, Ascension provided nearly $2 billion in care of persons living in poverty and other community benefit programs. Ascension includes approximately 156,000 associates and 34,000 aligned providers. The national health system operates more than 2,600 sites of care – including 151 hospitals and more than 50 senior living facilities – in 21 states and the District of Columbia, while providing a variety of services including physician practice management, venture capital investing, investment management, biomedical engineering, facilities management, clinical care management, information services, risk management, and contracting through Ascension’s own group purchasing organization.