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Compensation Analyst Job
Job Number: LCS18343
Job Title: Compensation Analyst
Department: Compensation & Data Analytics - 0014881
Facility: Corporate Headquarters
Location: Providence, RI
Reporting to the Compensation Manager, the compensation analyst provides consultative and analytical services to Lifespan affiliates. The analyst collaborates with leaders and other stakeholders to identify and adapt to changing business needs, while maintaining the integrity of compensation programs and structures, with the consistent application and administration of pay practices and strategies.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Consistently applies the corporate values of respect, honesty and fairness and the constant pursuit of excellence in improving the health status of the people of the region through the provision of customer-friendly, geographically accessible and high-value services within the environment of a comprehensive integrated academic health system. Is responsible for knowing and acting in accordance with the principles of the Lifespan Corporate Compliance Program and Code of Conduct.
Acts as a strategic partner to assigned affiliates or service lines. In collaboration with Lifespan leaders, and other stakeholders, researches, designs and implements customer solutions related to compensation services.
Performs complex data analysis related to market trends, internal equity, compression and other broad-based compensation issues. Determines cost implications, develops recommendations and formulates implementation strategies.
Completes compensation surveys, conducts ad hoc and system-wide market studies, reviews the impact on internal equity, makes recommendations, and implements solutions that support the recruitment and retention of high quality staff.
Advises and assists leaders in the development of job descriptions. Determines appropriate compensation grades and salary ranges. Communicates recommendations in a concise, customer-focused format.
Serves as a subject matter expert and advisor in the application of compensation policies and procedures, Collaborates with recruiters and leaders to determine rates for new and transferred employees.
Audits pay practices to ensure compliance with federal and state legislation (FLSA, etc.) and internal pay policies; documents findings and recommends appropriate solutions.
As part of the compensation team, recommends and participates in the design and distribution of compensation related communications, resources, and educational material.
Maintains directly or through others the integrity of information systems and related fields, tables, and modules. Assists with the administration of group edits, such as across the board and union increases.
Participates in or leads projects, committees, task forces and quality improvement teams as needed.
Bachelor’s degree in human resource management, industrial relations, business administration or related field, or the equivalent.
Two years of experience in compensation, human resources, finance or other related field. Advanced Excel skills and experience providing data analytics required. Experience in the design and implementation of contemporary compensation practices in a large health care, academic and/or research setting preferred.