Compensation Analyst - FlexStaff (TEMP)

$104,000 - $118,560/Yr

Flexstaff - Lake Success, NY

Full-time - Mid Level

Lake Success, NY

Administrative and Support Services

About the position

The Compensation Analyst at FlexStaff is responsible for analyzing, verifying, tracking, and reporting on compensation programs, including job evaluation and analysis for assigned functional areas. This role is crucial in ensuring that the health system's job design aligns with market standards and maintains internal equity. The analyst will evaluate jobs by reviewing job descriptions and analyzing best practices and benchmark data both internally and externally. This ensures that the compensation structure is competitive and equitable within the market. In addition to job evaluations, the Compensation Analyst will coordinate with department heads to develop and modify job descriptions in accordance with organizational requirements. The role requires continual review of the health system's comparative position relative to market data, determining appropriate salary grades and attributes of jobs. The analyst will model compensation alternatives, cost out changes, and make recommendations based on their findings. They will also work closely with HRIT to create report templates that meet the compensation reporting needs of the organization. Compliance is a key aspect of this position, as the analyst must ensure that all statutory, regulatory, and organizational requirements are met, including adherence to the Fair Labor Standards Act (FLSA) and other relevant regulations. Collaboration with Labor and Employee Relations and Talent Acquisition is essential, as the analyst will participate in special projects such as reorganizations, acquisitions, and across-the-board increase processes. Timely and accurate completion of salary surveys and analysis of results is also a critical responsibility. The Compensation Analyst operates under general guidance, with varied work assignments that require interpretation and independent decision-making regarding the course of action. All responsibilities noted here are considered essential functions of the job under the Americans with Disabilities Act.

Responsibilities

• Analyzes, verifies, tracks and reports on compensation programs.
• Evaluates jobs by reviewing job descriptions and analyzing best practices and benchmark data.
• Coordinates with department heads in developing and modifying job descriptions.
• Continually reviews the health system's comparative position relative to market data.
• Determines appropriate salary grades and attributes of jobs.
• Models compensation alternatives and costs out changes; makes recommendations.
• Coordinates with HRIT to create report templates for Compensation reporting needs.
• Ensures compliance with statutory, regulatory, and organizational requirements including FLSA.
• Collaborates with Labor and Employee Relations and Talent Acquisition.
• Participates in special projects such as reorganizations and acquisitions.
• Completes timely and accurate salary surveys and analyzes results.
• Operates under general guidance and makes independent decisions on course of action.

Requirements

• Bachelor's Degree required, or equivalent combination of education and related experience.
• 1-3 years of relevant experience required.