Compensation Analyst II

Owens & Minor Medical - Saint Petersburg, FL

Full-time

Saint Petersburg, FL

10,001+ employees

Ambulatory Health Care Services

About the position

A Compensation Analyst at Owens & Minor plays a crucial role in ensuring that the organization's compensation programs are competitive and aligned with the company's objectives. This position involves conducting thorough research, analyzing compensation data, and providing recommendations to enhance the effectiveness and efficiency of compensation policies. The analyst will collaborate closely with HR business partners to ensure that compensation programs meet the needs of the organization while adhering to legal standards and promoting internal equity. The Compensation Analyst will review a wide range of compensation data to assess the competitiveness of the company's compensation policies. This includes performing market comparisons for both base and total pay, as well as conducting additional analyses as needed. The role requires the analyst to research, analyze, and recommend modifications to compensation programs, policies, and procedures to ensure they promote performance incentives, improve administrative efficiency, and comply with legal requirements. In addition to these responsibilities, the analyst will administer compensation surveys, participate in job matching to vendor job descriptions, and submit company data to vendors. Once market data is received, the analyst will perform market matches based on job descriptions to obtain relevant salary data for making informed pay decisions and conducting compensation analysis. The analyst will also support senior analysts and managers during the year-end compensation cycle, ensuring data integrity and conducting systems testing as necessary. The role requires a strong understanding of human resource laws and regulations, as well as excellent analytical skills and proficiency in Microsoft Excel. The Compensation Analyst will also be responsible for auditing the Workday system to ensure the accuracy of compensation data and addressing any related issues. This position is essential for maintaining the integrity of the organization's compensation structure and ensuring that it remains competitive in the healthcare industry.

Responsibilities

• Review a wide range of relevant compensation data to ensure the company's compensation policies are competitive.
• Research, analyze, formulate and recommend modifications to all compensation programs, policies and procedures.
• Partner and support both the Human Resources team and operational business partners with respect to compensation needs.
• Administer compensation surveys, including survey participation and submission of company data to the vendor.
• Perform market matches based upon job descriptions to obtain relevant pay salary data for making pay decisions.
• Support Sr. Analysts and Managers during the year-end compensation cycle, including data integrity assurance and systems testing.
• Perform basic to intermediate-level analysis to ensure statutory compliance with minimum pay amounts specified by the FLSA, state and local jurisdictions.
• Audit Workday system to ensure accuracy of compensation data and address any related issues.

Requirements

• Bachelor's degree in Human Resources or related field required.
• CCP designation (or candidate) preferred.
• Two or more years of experience as a Compensation, Human Resources or Finance Analyst (or related field).
• Strong analytical skills; expertise in Microsoft Excel required.
• Deep knowledge of quantitative and qualitative research methods.
• Foundational knowledge of human resource laws, regulations and best practices preferred.
• Excellent written and verbal communication skills; excellent organizational and time management skills.

Benefits

• Medical, dental, and vision insurance, available on first working day
• 401(k), eligibility after 30 days of employment
• Employee stock purchase plan
• Tuition reimbursement
• Development opportunities to grow your career with a global company