Compensation Analyst

Job Duties

Regions is hiring a Compensation Analyst. The Compensation Analyst designs and administers human resources policies and procedures relative to the management of the compensation programs for Regions and RHSC. Conducts analysis of new or revised compensation practices, policies, and strategies; applies mathematical and statistical methodologies to determine costs/benefits; prepares proposals and implement programs; evaluates programs to verify effectiveness and recommends revisions as appropriate. Performs a variety of compensation related functions, including job evaluations, salary analysis and other duties as assigned.

MINIMUM QUALIFICATIONS:

Education: Bachelor's degree in human resources, business administration, industrial relations, or related field. 6 years of HR experience may substitute for education Experience: Two years of experience in Human Resources or compensation that includes analytical background. Licensure/ Registration/ Certification: None Knowledge, Skills and Abilities:

Strong verbal and written communication skills required

Familiar with the standard concepts, practices and procedures related to compensation

Strong computer & spreadsheet background

PREFERRED QUALIFICATIONS:

Education: None Experience: Previous healthcare experience preferred. Licensure/ Registration/ Certification: None Knowledge, Skills and Abilities: None

MAJOR JOB DUTIES AND TASKS: Percentage

Of Time:

Development and support of the compensation program 30% a. Assesses the impact of the existing program's policies/practices on the needs of the organization b. Develops and introduces innovative alternatives to traditional base pay, and anticipates and evaluates salary trends to meet the retention and recruitment needs of the organization c. Participates in committees and work groups as a resource and recommendation maker

Establishes and implements organization-wide and HR/PR practices, procedures and policies to support the compensation program

Management of the compensation program 30% a. Utilizes the HRIS system efficiently to manage compensation programs b. Adjusts employee pay and status, according to policies and procedures c. Establishes and maintains tracking systems for CBJD, job evaluations and compensation schedules d. Produces compensation and HRIS reports as needed

e. Establishes and maintains market survey and benchmark position databases

f. Develops new methods and improvements for maintaining and distributing position and compensation data

g. Conducts internal compensation audits to insure internal equity

h. Annually, and as needed, collects survey information and prepares recommendations for salary structures

i. Reviews and analyzes wage and salaried jobs and prepares job descriptions in standardized form

j. Consistently evaluates jobs following established methodology for current philosophy

k. Accurately costs out affects of proposed pay adjustments

Communication and education 30%

Develops educational materials for various audiences, promoting and supporting the compensation program

Facilitates the understanding of the compensation programs and philosophy across the organization

Proactively communicates changes in compensation programs to appropriate staff in a timely manner.

Ensures compliance with Regions, RHSC and regulatory agency 10%

practices and policies

Reviews practices, procedures and strategies to determine if consistent with legal, regulatory and organizational polices

Participates in and assists with advisory committee activities related to JCAHO

Attends appropriate seminars/workshops for FLSA compliance

Initiates and participates in audits of employee data and compensation practice and compliance

Additional Expectations:

Complies with safety instructions, observe safe work practices, provides input on safety issues and promotes a safe work environment.

Maintains regular and timely attendance

Protects confidentiality

Demonstrates participation in and support of the organization's Corporate Integrity Program by participating in compliance-related education and training and complying with the organization's policies and procedures.

Timely completion of all mandatory education and organizational requirements (i.e. licensure/certification, Employee Health and Wellness requirements, annual training, etc.)

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

Minimum Education Required

Bachelor Degree

Minimum Experience Required

6 - 20 years

Shift

First (Day)

Number of Openings

1

Public Transportation Accessible

Yes

Veterans Encouraged to Apply

No

Physical Required

Yes

Drug Test Required

Yes

Compensation

$11.41 / Hourly

Postal Code

55101

Job Type

Full Time

Place of Work

On-site

Requisition ID

123203

Job Benefits

Not specified