Compensation Analyst

Job Id
185217
Job Location
Addison, TX
Employment Type
Full Time Regular
Industry
Health Care
Concentra
20220105T172114Z
Overview

In support of the Concentra Compensation program the Compensation Analyst participates in job design, position leveling, and market pricing to evaluate positions within the internal organizational structure. This analytical position serves in a consultant capacity to leaders across the company on issues of internal equity, external competitiveness and legal compliance of the organization’s pay practices.

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Responsibilities
  • Complete market analysis, job evaluation, and internal leveling of new and updated positions to ensure both external and internal equity. Based on position-specific information, determine if an existing description can be used for classification. Modify and create new descriptions which accurately reflect current roles, responsibilities, and requirements.
  • Provide consultative guidance, interpretation, training and recommendations to managers, supervisors, and team members related to all compensation programs, policies, actions, and issues
  • Verify compensation by researching, benchmarking, and analyzing market data and recommend corrective or alternative actions to resolve compensation related issues
  • Participate in external salary surveys, determining matches and submitting organization profiles. Ensure upload of survey results
  • Administration of annual Salary Planning program
  • Partner with Finance in bonus cycle activities
  • Responsible for maintaining documentation of FLSA determinations and classifying exemption status for jobs through review of job profile or desk audits and ensure appropriate EEO mapping of positions
  • Create reports and analysis for compensation related projects
  • Research and resolve questions, discrepancies, and other ad hoc requests from leadership
  • Drive automation and process improvements for Compensation programs
  • Work directly with Sales Leadership, Sales Operations, and Finance to plan and model the incentive compensation program
  • Works with finance and leadership to develop, write and deliver incentive plans through learning management system
  • Provide guidance on all incentive compensation matters
  • Ensure policies are in place and incentive compensation process and related controls are clearly documented and executed
  • Effectively train leaders and colleagues in compensation practices and policie
  • Perform audits on compensation equity, and work with leaders on action plan
  • Provide consultative services by answering questions from internal customers
  • Evaluate and processes requests for salary adjustments, special payments, bonuses and auto allocations
  • This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
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Qualifications

Education/credentials

  • Bachelor’s degree in Finance, Business Administration or related from an accredited college or university or equivalent experience
  • In lieu of an undergraduate degree, the ratio is 1:1 meaning one year of college is equal to one year of directly related experience and vice versa

 

Job-related experience

  • Customarily has three or more years of experience as a Compensation Analyst
  • Healthcare industry a plus
  • Prefer experience with base pay and variable pay administration
  • Prefer experience developing and writing compensation plans

 

Job-related skills/competencies

  • Concentra Core Competencies of Service Mentality, Attention to Detail, Sense of Urgency, Initiative and Flexibility
  • Ability to make decisions or solve problems by using logic to identify key facts, explore alternatives, and propose quality solutions
  • Outstanding customer service skills as well as the ability to deal with people in a manner which shows tact and professionalism
  • The ability to properly handle sensitive and confidential information (including HIPAA and PHI) in accordance with federal and state laws and company policies
  • Impeccable accuracy skills and ability to seek out peer review to ensure data integrity and able to analyze data and recommend solutions
  • Knowledge of compensation/HRIS function, policies, procedures, and practices including employment classification rules and regulations
  • Ability to calculate and interpret mathematical formulas such as percentages, ratios, statistical average, median, multiple regression
  • Ability to work in a fast-paced environment with performance expectations
  • Proven customer-focused approach, which includes courteous and supportive interactions with colleagues
  • Intermediate excel spreadsheet skills including ability to apply functions such as Vlook-up, date conversion, mathematical formula creation to calculate sums, ratios, and percentages
  • Process oriented in terms of prescribed, linked steps affecting multiple departments
  • Able to perform arithmetic calculations and limited statistical functions and understand results
  • Effective writing and verbal communication skills
  • Proven ability to collaborate with cross functional departments such as Payroll, Finance and Human Resources
  • Ability to handle multiple opportunities, projects, and prioritize tasks
  • Must possess the ability to maintain sensitive data in a confidential manner
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Benefits
  • 401(k) with Employer Match
  • Medical/Vision/Prescription/Dental Plans
  • Life Insurance/Disability
  • Paid Time Off/Holidays
  • Colleague Referral Bonus Program  

This job requires access to confidential and sensitive information, requiring ongoing discretion and secure information management.

 

Concentra is an Equal Opportunity Employer, M/F/Disability/Veteran.

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