[Hiring] Compensation Analyst @Sentara Health

Role Description

The Compensation Analyst is involved in designing, budgeting, implementing, and reporting on compensation policies and practices to ultimately attract, retain, and engage colleagues.

The Compensation Analyst will collaborate with compensation leadership, organizational leadership, and human resources business partners to understand business needs while incorporating research and market data to inform the work product.

• Reviewing market data: Analyze data from various salary market sources to ensure the organization’s compensation is competitive in the relevant market. This crucial task involves the intake of large amounts of data, spotting trends, and applying those insights to the organization’s compensation strategy.
• Collaborating with business stakeholders: Provide specialized insights that enable the Talent Acquisition Team to offer attractive compensation packages to prospective colleagues. The Compensation Analyst may also be consulted on promotional opportunities for both employee readiness and pay.
• Supporting job hierarchies: Share input in defining the various job levels and roles across the organization and positioning them within a hierarchical structure.
• Bonus plans: Administer bonus plans that align with the organization’s performance goals and motivate and reward employees based on both individual and company performance.
• Administering merit: Responsible for supporting various stakeholders in administering merit and other compensation practices.

Qualifications

• High level knowledge of HRIS/payroll systems
• Strong Excel user skills with the ability to work with complex spreadsheets
• Bachelor's level degree
• 1 year of compensation experience
• Broad based Compensation experience
• Accounting or Finance background (in lieu of comp experience)
• Workday experience (preferred)

Requirements

• Strong Excel skills

Benefits

• Market-competitive compensation packages, inclusive of base pay, incentives, and benefits
• Base pay range for full-time employment: $80,953.60 - $119,912.00 annually
• Additional compensation may be available, such as shift differentials, on-call pay, shift premiums, extra-shift incentives, or bonus opportunities
• Comprehensive benefits package, including medical, dental, vision, life and disability insurance
• 401(k)/403(b) with employer match
• Paid time off (vacation, sick time, and holidays)
• Paid parental and military leave
• Educational assistance or student loan repayment
• Voluntary benefits
• Adoption, Fertility and Surrogacy Reimbursement up to $10,000
• Emergency Backup Care
• Long-Term, Short-Term Disability, and Critical Illness plans
• Life Insurance
• Tuition Assistance – $5,250/year and discounted educational opportunities through Guild Education
• Student Debt Pay Down – $10,000
• Pet Insurance
• Legal Resources Plan
• Opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met