Senior Analyst, Compensation - Remote National

$87,111 - $145,207/Yr

Option Care Health - Bannockburn, IL

Full-time - Mid Level

Remote - Bannockburn, IL

5,001-10,000 employees

Ambulatory Health Care Services

About the position

The Senior Compensation Analyst at Option Care Health is a pivotal role responsible for analyzing and administering compensation policies, practices, and projects that align with the overall compensation and human resource strategy, as well as applicable laws. This position is integral to ensuring that the compensation framework supports the organization's goals and meets the needs of its diverse workforce. The Senior Compensation Analyst will work closely with Human Resource Business Partners and business leaders, providing expert consultation and analysis on various compensation matters. In this role, the Senior Compensation Analyst will administer both new and ongoing broad-based compensation programs and projects. This includes conducting market research, performing detailed analyses, documenting requirements and frameworks, executing data audits and clean-up, system testing, and providing comprehensive customer support. The analyst will also provide senior-level support for cyclical compensation processes, including the merit and bonus cycle, total rewards statements, and annual salary structure analysis and review. Additionally, the Senior Compensation Analyst will analyze and administer special pay practices and policies, such as on-call/callback pay and shift differentials. They will manage the market pricing process, which involves researching survey sources, completing survey submissions, analyzing and interpreting data, and reviewing trends to recommend actionable insights. The role also requires accessing, changing, maintaining, and ensuring the quality and accuracy of compensation data in HR databases through reporting and data audits. The analyst will assist in developing compensation communications and identifying opportunities for process improvements. Collaboration with other Human Resources functions is essential to ensure that customer service deliverables are met effectively.

Responsibilities

• Administer new and/or ongoing broad-based compensation programs & projects including conducting market research, performing analyses, documenting requirements/framework, data audits & clean-up, system testing, communication & training, and providing customer support.
• Provide senior level support & administration of ongoing cyclical compensation processes/initiatives including the merit & bonus cycle, total rewards statement, and annual salary structure analysis & review.
• Analyze and administer special pay practices & policies such as on-call/callback pay, shift differential pay, and other special pay practices.
• Manage the market pricing process including researching survey sources, completing survey submissions, analyzing, and interpreting data, reviewing trends, and recommending actions.
• Provide analytical support in the development of merit budgets, bonus budgets, salary structure analyses, incentive plan data gathering & reporting, market data reviews, mergers & acquisitions, etc.
• Access, change, maintain, and assure the quality and accuracy of compensation data (job profiles, job descriptions, shift differentials, etc.) in HR databases through reporting, data audits, and accurate data entry.
• Assist with the development of compensation communications in conjunction with assigned processes and programs.
• Identify opportunities for improvement and develop new processes.
• Provide counsel to HRBP's and business leaders on routine compensation issues, as required.
• Collaborate with other Human Resources functions to ensure that customer service deliverables are achieved.
• Perform other duties as required or requested.

Requirements

• Bachelor's degree in a business or psychology related field.
• At least 3-5 years of compensation analyst/consultant experience.
• Knowledge of confidentiality requirements associated with the practice of Human Resources.
• Knowledge of various job evaluation techniques, salary survey practices and methodologies, salary structure and incentive plan analysis, and job documentation.
• Knowledge of compensation market-pricing tools, job description maintenance, and HRIS systems.
• Knowledge of compensation administration policies, practices, and procedures.
• Ability to lead and co-lead multiple projects at a time, and produce quality work.
• Knowledge of Federal, state, and municipal privacy laws and the applicability to the day-to-day operation of the compensation area.
• Advanced level skill in Microsoft Office 2003 or later: Word, Excel and PowerPoint.
• Experience providing customer service to internal and external customers, including meeting quality standards for services, and evaluation of customer satisfaction.

Nice-to-haves

• Master's degree in Human Resource Management or Business Administration preferred.
• Certified Compensation Professional designation preferred.
• Advanced knowledge of Microsoft Excel, Word, and PowerPoint.
• Proficient in Workday HCM (job profile creation/editing, reporting, job maintenance).
• Effectively manages competing deadlines and demands, and effectively manages internal/external relationships and partnerships.

Benefits

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