Compensation Analyst Sr
Overview
Compensation Analyst Sr., Compensation Services
Full Time, 80 Hours Per Pay Period, Day Shift
Covenant Health Overview:
Covenant Health is East Tennessee’s top-performing healthcare network with 10 hospitals and over 85 outpatient and specialty services, and Covenant Medical Group, our area’s fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned, not-for-profit healthcare system and the area’s largest employer with over 11,000 employees. Covenant Health is the only healthcare system in East Tennessee to be named six times by Forbes as a Best Employer.
Position Summary:
Participates in the development, implementation, administration, and communication of a variety of complex compensation programs and projects which significantly impact system-wide business operations and objectives. Functions as an internal technical consultant to HR, hiring managers, and other clients to identify and resolve various compensation-related issues/questions. Potential remote and hybrid opportunities available for this position. Relocation Assistance Available.
Recruiter: Kathleen Rice || kkarnes@covhlth.com || 865-374-5386
Responsibilities
- Develops, implements, and maintains a variety of specific compensation programs, plans, policies, processes and systems; addresses related administrative issues that may be linked to program and project responsibilities; and coordinates actions with other operational groups such as Information Systems, Human Resources Administration, HRIS, Payroll, etc.
- Performs position analysis and conducts analytical studies such as market analysis, internal equity analysis, and cost modeling for job evaluation purposes; develops and implements compensation reporting and metrics; and researches, monitors, and tracks best practices, internal and external data trends, and related literature.
- Consults and advises HR, senior management, hiring managers, and other clients regarding compensation solutions and tactical approaches; provides interpretive guidance on various professional and statutory (e.g. FLSA) issues related to compensation; formulates recommendations and provides data to assist in the development and implementation of system-wide compensation strategies.
- Develops communications to support delivery, administration, and oversight of compensation policies and programs.
- Identifies appropriate third-party compensation surveys in which to participate and/or purchase and coordinates the completion of data submissions; responds to ad hoc requests for salary information/analysis.
- Reviews new or revised position descriptions to determine appropriate salary grade allocation and FLSA classification; works as needed with managers to revise/modify various position description information (e.g. duties and responsibilities, minimum requirements, etc.) to ensure accurate representation of the job.
- Reviews proposed salary actions to ensure conformance with established guidelines and policies; makes recommendations regarding approval/denial of requested exceptions to policy.
- Assists in the development and facilitation of compensation training sessions to various internal groups.
Qualifications
Minimum Education:
Bachelor's degree in human resources, finance/accounting, or a business-related field. Masters Degree in a directly-related field preferred
Minimum Experience:
Five (5) years of progressively responsible professional-level work experience in human resources which included at least three (3) years direct experience in the areas of base compensation, job evaluation/market analysis, job analysis, and/or directly applicable HR functions. Strong financial analysis skills; advanced Microsoft Office (i.e. Excel, Access, Word, and PowerPoint) skills; and proficiency with CYBORG, PeopleSoft, SAP, or a related HRIS required.
Certification/Licensure:
Preference may be given to individuals holding a professional HR certification such as CCP, PHR, SPHR, CAC, CCC, or JCA.
Average salary estimate
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Are you ready to make a significant impact in the healthcare industry? Covenant Health is looking for a Compensation Analyst Sr. to join our dynamic team in Knoxville! As a key player in our Compensation Services department, you'll be involved in developing and administering our complex compensation programs that directly influence our operational objectives. Your role will require you to function as an internal consultant, providing advice and solutions to HR and hiring managers, while tackling various compensation-related questions. With the possibilities of remote and hybrid working arrangements, this position offers flexibility along with the chance to be part of the largest healthcare network in East Tennessee that has been recognized as a Best Employer by Forbes multiple times. You'll delve into analytical studies, conduct market analyses, and develop reporting metrics that help shape our compensation strategies. If you have a Bachelor's degree in human resources or a related field and at least five years of relevant experience, we want to hear from you! Join us in our mission to provide top-notch healthcare while ensuring our employees are compensated fairly and competitively. Plus, as part of our team, you’ll enjoy relocation assistance if needed. Let's optimize compensation at Covenant Health together!
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