Compensation Analyst

Memorial Health System - Springfield, IL

Full-time - Mid Level

Springfield, IL

Hospitals

About the position

The Compensation Analyst at Memorial Health System is responsible for performing analysis and consultation to support the organization's compensation program. This role involves guiding leadership in developing job descriptions, conducting market pricing and job evaluations, and recommending salary adjustments to ensure competitive and equitable pay for employees. The analyst will also participate in compensation surveys and assist in administering performance appraisal and incentive compensation programs.

Responsibilities

• Perform analysis and consultation in support of the compensation program.
• Guide leadership in the development of job descriptions according to best practices.
• Analyze jobs and conduct market pricing/job evaluation to ensure market competitiveness.
• Consult with others and recommend salary adjustments as necessary.
• Participate in various compensation surveys conducted by external vendors.
• Assist in the administration of performance appraisal, merit pay, and incentive compensation programs.

Requirements

• Proven analytical work experience or analytical aptitude.
• Intermediate-level proficiency with Microsoft Word, PowerPoint, Excel, and HR Information Systems.
• Excellent accuracy and attention to detail when working with data/information.
• Ability to balance the needs of the organization while flexing to changing work priorities.
• Ability to work with senior leadership on confidential and time-sensitive matters.
• Excellent oral and written communication skills.

Nice-to-haves

• Previous experience with project management and incentive compensation.
• Working knowledge of HR Lawson and Compensation Systems (ideally ePrism).
• Knowledge of compensation theory and practices & applicable federal/state labor laws.

Benefits

• Health insurance
• Dental insurance
• 401(k)
• Flexible spending account
• Paid time off
• Adoption assistance
• Employee assistance program
• Vision insurance
• Life insurance
• Pet insurance