Compensation Analyst - Lake Success, United States - Northwell Health

Description

Job Description

Analyzes, verifies, tracks and reports on compensation programs including job evaluation and analysis for assigned functional areas.

Hybrid schedule- 1 day a week in office in Lake Success, NY, required.

Job Responsibility

• Analyzes, verifies, tracks and reports on compensation programs.
• Evaluates jobs by reviewing job descriptions, analyzing best practice and benchmark data both internally and externally to ensure the health system's job design is commensurate with market and internally equitable.
• Coordinates with department heads in developing and modifying job descriptions in accordance with requirements.
• Continually reviews the health system's comparative position relative to market data and determines appropriate salary grades and attributes of jobs.
• Models compensation alternatives and costs out changes; makes appropriate recommendations; coordinates with HRIT to create report templates that meet Compensation reporting needs.
• Ensures statutory, regulatory, and organizational requirements are met including FLSA and any other regulations.
• Collaborates with Labor and Employee Relations and Talent Acquisition.
• Participates in special projects such as reorganizations, acquisitions, across- the-board increase processes, etc.
• Completes timely and accurate salary surveys and analyzes results, as necessary.
• Operates under general guidance and work assignments are varied and require interpretation and independent decisions on course of action.
• Performs related duties as required. All responsibilities noted here are considered essential functions of the job under the Americans with Disabilities Act. Duties not mentioned here, but considered related are not essential functions.

Job Qualification

• Bachelor's Degree required, or equivalent combination of education and related experience.
• 1-3 years of compensation experience, required.
• Prior experience with market pricing, salary surveys, and job architecture strongly preferred.

*Additional Salary Detail
The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future.When determining a team member's base salary and/or rate, several factors may be considered as applicable (e.g., location, specialty, service line, years of relevant experience, education, credentials, negotiated contracts, budget and internal equity).