Compensation Analyst Oklahoma City, OU Medical Center General Description:
Under the direction of the Manager Total Rewards, conducts compensation activities including position, market and internal equity analysis, assists in the administrations of merit & incentive based pay programs, maintains all job descriptions, responds to compensation surveys, analyzes survey data, and participates in special projects. Supports development and communication of compensation policies, processes and programs. Maintains and ensures consistent application of the OU Medical System Compensation standards. Essential Responsibilities:
Responsibilities listed in this section are core to the position. Inability to perform these responsibilities with or without an accommodation may result in disqualification from the position.
• Assists in the administration, implementation and communication of compensation policies and practices.
• Assists with research and analysis of market data to make recommendations on market competitiveness and best practices.
• Utilizes data to analyze, identify key trends and/or issues, and report on compensation related programs and process on the individual, departmental, facility and market level
• Performs internal equity analysis and makes recommendations for adjustments
• Assists in the administration of annual merit increases and incentive compensation programs
• Performs routine job evaluations. Prepares compensation recommendations for review.
o Researches and analyzes market data utilizing third party surveys and internal comparative data to determine appropriate classifications for positions including pay grade, FLSA & EEO
o Maintain a complete and accurate library of all job descriptions
• Reviews compensation proposals for compliance with established guidelines, policies, and budget limits
o Analyzes the impact of new programs or changes to programs, preparing reports that indicate facility and/or departmental differences and potential impacts including costs, workforce impacts, procedure impacts and communication impacts. Prepares compensation recommendations for review.
• Generates data reports and performs audits on data entry output to maintain the accuracy and integrity of the HR database
• Conducts ad-hoc research and modeling in support of project assignments including presentation of findings and recommendations for management review
• Maintains documentation of all activities related to compensation
• Prepare and submit various compensation surveys conducted by external vendors General Responsibilities:
• Performs other duties as assigned Qualifications: Education:
Bachelor's degree in Human Resources, Business or related field or an equivalent combination of education and work experience. Experience:
Three (3) years' Human Resources experience with a minimum of one (1) years' compensation experience. Experience in a healthcare facility preferred. Licensure/Certifications/Registrations Required:
Certified Compensation Professional (CCP) preferred. Knowledge, Skills and Abilities:
• Proficient in Microsoft office applications with advanced skills in Microsoft Excel
- High level of analytical ability
- Knowledge of compensation tools, programs and practices
- Demonstrated ability with Human Resources Management Information Systems and computer applications in order to generate reports and resolve complex mathematical/financial/statistical problems
- High level of discretion, tact, diplomacy, and professionalism
- Substantial interpersonal skills necessary in order to interact with employees and management at all levels in problem resolution and ability to interact with external sources for survey data collection
- Knowledge of pertinent law and regulations such as Civil Rights Act, Equal Pay Act, Fair Labor Standards Act, and personnel administration theories and practices preferred
HCA is the nation’s leading private provider of healthcare services. Comprised of locally managed facilities which include 230,000 employees at over 160 hospitals, over 120 surgery centers and 100 urgent care facilities in 20 states and the United Kingdom