Compensation and Benefits Analyst

Versiti - Milwaukee, WI

Full-time - Entry Level

Milwaukee, WI

Ambulatory Health Care Services

About the position

The Compensation and Benefits Analyst at Versiti plays a crucial role in supporting the organization's talent management strategies by developing, implementing, and maintaining compensation and benefits programs. This position involves evaluating compensation data, conducting job evaluations, and ensuring compliance with relevant legislation while providing guidance to leadership on compensation and benefits matters.

Responsibilities

• Assists with the maintenance of compensation programs, policies, and solutions to support the organization's talent management strategies.
• Supports the administration of the Jobs Catalog, including conducting job analysis, evaluation, coding, and updating job descriptions.
• Researches, prepares, and analyzes salary surveys and market data to determine appropriate compensation practices and guidelines.
• Participates in the maintenance of the organization's compensation structures, reviewing internal and external equity.
• Provides compensation recommendations to HR Business Partners and Talent Acquisition Specialists to ensure appropriate offers that maintain internal equity and external competitiveness.
• Supports management regarding pay practice decisions for promotions, transfers, and reclassifications.
• Participates in administering the annual merit increase cycle, including preparing HR reports and analyzing the salary structure and market trends.
• Maintains updated policies, processes, guidelines, training materials, and communications to ensure efficient and cost-effective HR compensation services.
• Supports the administration of employee benefits programs, including health, dental, vision, life insurance, disability, retirement plans, and other voluntary benefits.
• Assists in the communication and implementation of employee benefits programs and policies to ensure understanding and compliance.
• Conducts regular benefits benchmarking and participates in benefits surveys to ensure the competitiveness of benefit offerings.
• Provides guidance and support to employees regarding benefits enrollment, changes, and claims resolution.
• Participates in external vendors meetings to coordinate benefits plan design, renewals, and problem resolution.
• Supports annual open enrollment processes, including preparation of communication materials and conducting informational sessions.

Requirements

• Bachelor's Degree from an accredited college or university in human resources, business, or related field required.
• 1-3 years of progressive compensation and benefits experience in a complex work environment required.
• Experience with compensation modeling, benefits administration, and metrics required.
• Experience working with an HRIS system, including data extraction and analysis required.
• Experience with Microsoft Office products (Word, Excel, PowerPoint, and Outlook) required.
• Experience in a performance and market driven pay environment required; health care setting preferred.
• Strong analytical, critical thinking, and problem-solving skills required.
• Demonstrated strong auditing skills and attention to detail in data management and reporting required.
• Understanding and ability to design and implement processes associated with compensation and benefits changes required.
• Excellent project management and business literacy skills required.
• Ability to maintain highly confidential information professionally required.
• Ability to multitask and adjust in a fast paced environment required.
• Working knowledge of HR laws and practices impacting compensation and benefits required.
• Strong interpersonal communication skills required.

Nice-to-haves

• CCP - Certified Compensation Professional preferred.
• Certified Employee Benefits Specialist (CEBS)-IFEBP preferred.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Retirement plans
• Voluntary benefits