Posted 4mo ago

Compensation Analyst

@ Sheppard Pratt
Towson, Maryland, United States
$62k-$100k/yrOnsiteFull Time
Responsibilities:Preparing descriptions, Interviewing employees, Assessing jobs
Requirements Summary:Bachelor's degree in HR/Business; 2+ years compensation experience; knowledge of HR laws and data; CCP/HRCI/SHRM certification preferred
Technical Tools Mentioned:Microsoft Office Suite, HRIS, Payroll software
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Job Description

Responsibilities:

Customer Relations

  • Actively seeks to provide quality services that meet the needs of Sheppard Pratt managers, employees and applicants.
  • Demonstrates commitment to confidentiality and fairness in all communications and actions.

Job Descriptions & Pay Range Determination

    • Prepares and maintains job descriptions; ensures descriptions 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 pay range.

    Compensation Administration

      • Prepares and maintains job classifications and pay scales. Maintains active position and pay scale data in HRIS, communicates data to Finance Office for budget software/planning, and prepares and disseminates reports as needed.
      • Documents and maintains Sheppard Pratt policies and practices subject to leadership approval. Administers and communicates approved policies and practices. Reviews pay practices and policies, making recommendations for revisions if necessary.
      • Plans and communicates preferred methods and best practices for compensating employees.
      • Works with IT to import pay increase files for general increases, market adjustments and related mass changes. Assures the integrity of data.  

      Market Pay Analysis

      • Participates in and gathers data from market-based compensation surveys; benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
      • Uses spreadsheet and data analysis techniques to assess results and market trends.
      • Maintains knowledge of economic conditions, labor market, competitive landscape and other factors related to ensuring the organization provides competitive and reasonable compensation.
      • Maintains knowledge of trends, developments, and best practices in compensation administration.

      Compliance

      • Advises management on applicable state and federal employment regulations, compensation policies, human resource procedures.
      • Explains and maintains strong knowledge base of policies and legal constraints; effectively communicates these to managers and employees.
      • Completes records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies.

      Resource/Training

      • Provides consultation to recruiters in determining job offers and pay equity reviews.
      • Works in close collaboration with the Payroll Manager to assure that payroll reflects approved policies, practices, and legal compliance.
      • Collaborates with HR staff across each practice area for both compensation issues and overarching Human Resources projects.
      • Takes an active role in coordinating the integration of Community Services compensation and job descriptions into a combined compensation program.
      • Participates in other projects and assignments as needed.

       

      Knowledge, Skills, and Abilities Required:

      • Work requires a Bachelor's degree in Human Resource Management, Business Administration, or related field; CCP or HRCI/SHRM certification may be substituted for degree. CCP, HRCI or SHRM certification preferred.
      • Work requires at least 2 years’ compensation analyst experience, preferably in a healthcare, nonprofit or education environment; must possess:
        • excellent verbal and written communication skills;
        • comprehensive knowledge of human resource laws, regulations and best practices;
        • extensive knowledge of quantitative and qualitative research methods;
        • excellent organizational and time management skills;
        • proficiency with Microsoft Office Suite or similar software;
        • proven attention to detail and accuracy in maintaining data, files and systems.
      • Work requires analytical ability sufficient to extract and analyze data from written material, observation and communications, make statistical calculations, develop reports and systems to facilitate efficient decision-making.

      Benefits:

      At Sheppard Pratt, you will work alongside a multi-disciplined team led by a bold vision to change lives. We offer:

      • A commitment to professional development, including a comprehensive tuition reimbursement program to support ongoing education and licensure and/or certification preparation
      • Comprehensive medical, dental and vision benefits for benefit eligible positions
      • 403b retirement match
      • Generous paid-time-off for benefit eligible positions
      • Complimentary Employee Assistance Program (EAP)
      • Generous mileage reimbursement program

      The pay range for this position is $62,386.69 to $99,600.18 maximum.  Pay for this position is determined on a number of factors, including but not limited to, years and level of related experience.

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