COMPENSATION ANALYST

$67,500 - $90,000/Yr

Albert Einstein College Of Medicine

Full-time - Entry Level

Professional, Scientific, and Technical Services

About the position

This position provides compensation consulting, education, and analytical support to medical center management, Employee Relations, and HR Business Partners. The role involves developing compensation strategies, conducting competitive analyses, and consulting on job evaluations and salary recommendations.

Responsibilities

• Develop base salary, bonus/incentive, and other compensation delivery strategies.
• Perform competitive analyses through market-pricing and survey participation.
• Consult with management on the preparation of position descriptions.
• Conduct job evaluations for proper grade level assignment and salary recommendations.
• Review and approve workflow items in HR Systems regarding job classification and salary adjustments.
• Prepare and accurately respond to salary surveys, ensuring appropriate job matches and thorough completion of questionnaires.
• Facilitate and assist in the administration of annual increases for the union and non-union population.
• Assist in the development of compensation structures and salary scales.
• Ensure compliance with collectively bargained contractual compensation commitments.
• Supply testimony at arbitrations and grievance hearings.
• Review, analyze, and make recommendations on appropriate classification and compensation for exempt and non-exempt positions.
• Conduct salary surveys and analyze survey data to make recommendations to management and Labor Relations.
• Recommend salary structure and compensation program changes.
• Respond to internal and external requests for salary survey data.
• Perform compression analyses.
• Assist in the implementation of across-the-board increases and the implementation of union agreements.
• Prepare salary scales for various groupings in accordance with corresponding contracts.
• Administer and implement the medical center merit review programs for professional and management positions.
• Consult with departments concerning compensation, contract interpretation, and Compensation Policy.
• Develop and recommend new Human Resources forms and questionnaires related to compensation.
• Review relevant employee records and documents and analyze causes of over/underpayment.

Requirements

• Bachelor's Degree or equivalent work experience.
• One year's experience in compensation administration preferred.
• Proficiency in job description preparation, job evaluation, incentive plan development, and compensation planning.
• Effective verbal and written communication skills.
• Understanding of regulations and legislation governing compensation (ADA, DOL, FLSA, EEO, NYS Wage/Hour).
• Strong quantitative, data analysis, and organization skills.
• Proficiency in MS Excel, MS Word, and HRIS platforms.
• Knowledge of current compensation practices including labor and pay laws.
• Prior experience in a healthcare organization preferred.