Compensation Analyst

$62,575 - $104,300/Yr

Option Care Health - Raleigh, NC

Full-time - Entry Level

Raleigh, NC

5,001-10,000 employees

Ambulatory Health Care Services

About the position

The Compensation Analyst role at Option Care Health involves assisting in the development, implementation, and administration of compensation programs and policies. This position is crucial for ensuring that the compensation practices are market competitive and legally compliant, contributing to the overall strategy of the organization.

Responsibilities

• Assist in the development and administration of broad-based compensation programs & policies through conducting market research, analysis, audits, system testing, and communications.
• Provide compensation consultation to HR Business Partners and other business leaders.
• Provide analytical and administrative support for the annual merit & bonus cycle, salary structure design & maintenance, and annual incentives through data collection, cost modeling, requirements documentation, testing/auditing, and customer support.
• Maintain compensation market data and participate in compensation salary surveys.
• Conduct job evaluations.
• Assist in the administration of special pay practices such as on-call/callback pay, and shift differential pay.
• Partner with talent acquisition to review & recommend compensation changes.
• Partner with HR Technology to leverage HRIS system for data integrity, and administration of compensation processes.
• Assist in the development of compensation communication materials.

Requirements

• Bachelor's degree in Business Administration, Finance, HR, or Economics, and 1-2 years of compensation or analytical HR experience, OR High school diploma and 4-5 years of compensation or analytical HR experience.
• Knowledge of confidentiality requirements associated with the practice of Human Resources.
• Knowledge of various job evaluation techniques, salary survey practices and methodologies, salary structures, job documentation, the elements of total rewards, and career ladder concepts.
• Intermediate/advance level skill in Microsoft Office 2003 or later: Word, Excel, and PowerPoint.
• Knowledge of applicable wage & hour laws.
• Experience providing customer service to internal and external customers.

Nice-to-haves

• Bachelor's degree in Human Resources
• Certified Compensation Professional certification

Benefits

• 401k
• Dental Insurance
• Disability Insurance
• Health Insurance
• Life Insurance
• Paid Time off
• Vision Insurance