CommonSpirit Health - Englewood, CO
posted about 1 month ago
The Compensation Analyst at CommonSpirit Health plays a crucial role in the analysis and administration of compensation programs, which encompass base pay, incentive pay, and performance management initiatives. This position is integral to ensuring that compensation practices are competitive, equitable, and compliant with regulatory standards. The analyst will engage in various tasks such as evaluating job roles, conducting market pricing, recommending pay grades, and completing compensation surveys. The role requires a thorough understanding of compensation-related data and the ability to perform detailed analyses to support the organization's compensation strategies. In this position, the Compensation Analyst will provide analytic support for the management and implementation of compensation programs. This includes overseeing base pay administration, managing annual salary increase processes, and administering variable pay programs. The analyst will also be responsible for reviewing requests for new or revised job roles, conducting job evaluations, and making recommendations regarding Fair Labor Standards Act (FLSA) status and salary recommendations to ensure both internal equity and alignment with market standards. Additionally, the Compensation Analyst will prepare regular and ad-hoc reports that detail market compensation data, special pay practices, and internal compensation information. Participation in special projects and collaboration with other HR Centers of Excellence (COEs) and colleagues within CommonSpirit Health is also expected. The role emphasizes continuous improvement of processes and technology that impact compensation programs, ensuring the accuracy of compensation-related data maintained within the company's information systems and databases.