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Compensation Analyst II
Career Insights for Compensation / Benefits Analyst
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What they do
A Compensation or Benefits Analyst evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
$89,882 / year median in the U.S.
+36% projected growth
Job Description
Site:
Mass General Brigham Incorporated Mass General Brigham relies on a wide range of professionals, including doctors, nurses, business people, tech experts, researchers, and systems analysts to advance our mission. As a not-for-profit, we support patient care, research, teaching, and community service, striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham. Job Summary Summary Responsible for managing and analyzing compensation programs to ensure competitiveness, pay equity, and compliance with regulations. This role involves conducting market research, designing compensation structures, and providing guidance on compensation-related matters to HR and management. Essential Functions- Reviews jobs for slotting into the appropriate salary structure to ensure fairness and compliance with FLSA and other regulatory agencies.
- Conducts market surveys and makes recommendations to salary ranges to ensure salaries remain competitive for recruitment and retention and meet the health system's compensation philosophy.
- Partners with the HR Partners to provide results of compensation analysis of those impacted on paper or electronically when feasible to the payroll team.
- Monitor and ensure compliance with federal, state, and local compensation regulations, including FLSA and equal pay laws.
- Prepare and present detailed compensation reports and analyses to leadership, highlighting trends, variances, and recommendations for improvement.
- Assist in the development of compensation policies and procedures to promote consistency and transparency.
- Ensures internal pay equity annually and makes recommendations for salary adjustments as appropriate. Qualifications Education Bachelor's Degree Human Resources required Bachelor's Degree Related Field of Study required Experience Experience in compensation analysis or related roles 5-7 years required Knowledge, Skills and Abilities
- Excellent analytical and quantitative skills, with the ability to interpret complex data and make data-driven recommendations.
- Strong attention to detail and accuracy in data analysis and reporting.
- Effective communication and interpersonal skills, capable of working collaboratively with various stakeholders.
- Proficient in compensation analysis software and Microsoft Office Suite, particularly Excel.
- Strong problem-solving skills and the ability to manage multiple projects and deadlines in a fast-paced environment.
- Advanced Microsoft Excel skills.
- $115,720.
EEO Statement:
0100 Mass General Brigham Incorporated is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law. We will ensure that all individuals with a disability are provided a reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. To ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veteran's Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants who require accommodation in the job application process may contact Human Resources at (857- 282-7642.