Job: COMPENSATION ANALYST

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Job Description

COMPENSATION ANALYST

Schedule

-Full-time
Job-Professional Non-Clinical
Daily Schedule-1
Scheduled Hours per 2-week Pay Period-80
Weekends Required -None
Primary Location-WASHINGTON-TACOMA-FRANCISCAN ADMIN CNTR MARKET

Job Summary:

This position supports the compensation function within the system Compensation Center of Expertise.  This includes salary administration, salary structures, market pricing, salary survey participation, compensation processes, program design and analytics.  The position will assist in ensuring all compensation related programs and practices are competitive and equitable and in full compliance with all regulatory requirements.  Supports the annual merit increase process.  Analyzes results, makes recommendations and determines fiscal impact and prepares formal recommendations. 
Essential Duties:
  • Analyzes company compensation policies in relation to government wage and hour regulations, prevailing rates for similar jobs in comparable industries or geographic areas, and recommends changes as appropriate to establish and maintain competitive rates.
  • Recommends and implements changes and modifications to existing pay practices to ensure market competitiveness, internal equity and consistency. 
  • Analyzes special pay programs and provides recommendations consistent with compensation philosophy, policies, and standards.
  • Works with divisional compensation managers to ensure accurate job descriptions for positions within the organization.
  • Conducts job analysis to determine appropriate salary level according to overall compensation guidelines, policies, and regional factors.
  • Reviews proposed salary actions for conformance to the company’s established compensation philosophy, policies, and standards.
  • Analyzes and provides recommendations regarding base pay and bonus programs including coordination with the annual performance review, annual merit increase and/or bonus processes.
  • Coordinates implementation of annual pay programs with compensation administration team.
  • Manages projects such as survey participation and analysis, and compensation integration for mergers and acquisitions.
  • Develops and documents procedures to streamline processes and ensures compliance with regulatory requirements including FLSA and works with divisional compensation managers to educate HR business partners.
  • Develops communications for salary and bonus programs.
  • Assists divisional compensation managers with compensation related issues, data requests and analytics
  • Designs, recommends, and implements special compensation programs and incentives plans.  Provides financial analysis and budgeting implications. 
  • Develops compensation analytics dashboards and reporting.  Works closely with divisional compensation managers to identify trends, fiscal impact, analyze effectiveness of compensation programs and make recommendations. 

Skills and Qualifications:
Education/ Accreditation/ Licensure (required & preferred):
  • Bachelor’s degree in a related field (i.e. Math, Business, HR, Finance) from an accredited university or college required with at least two years of compensation experience or four years of experience in the analysis, design and/or administration of compensation programs. 
 
Experience (required and preferred):
  • A minimum of one year of compensation experience with a bachelor’s degree or a minimum of three years of experience in the analysis, design and/or administration of compensation programs. 
  • Must have strong knowledge of wage and hour laws. 
  • Training/Equipment: Strong MS Office skills including Word and Excel are required. HRIS experience required.

  
We’re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.  

Requisition Title

-2017-R0128116
Catholic Health Initiatives - National Office