Compensation Strategist Job in Lake Success, New York US
Compensation Strategist
Health care The Compensation Strategist plays a key role in the onboarding and retention of our talented team members by ensuring the accuracy and fairness of the health system's job descriptions and salaries. You will be responsible for the analysis, development, implementation and administration of compensation programs. You will perform ongoing evaluations of the health system's compensation program for assigned functional areas. Responsibilities include : Coordinates, administers and monitors compensation programs. Continually reviews the health system's comparative position relative to market data, and determines appropriate salary grades and attributes of jobs. Completes timely and accurate salary surveys and analyzes results. Evaluates jobs by reviewing job descriptions, market data and internal comparisons. Analyzes best practice and benchmark data both internally and externally to ensure the health system's job design is equal to market, and is internally equitable. Assists department heads in developing and modifying job descriptions in accordance with requirements. Participates in the development of training and communications programs to communicate new or revised compensation plans to the organization; works in conjunction with Employee Communications to deliver communications. Models compensation alternatives and makes appropriate recommendations. Coordinates with HRIT to create report templates that meet compensation reporting needs. Monitors performance against plans and takes action necessary to ensure achievement Collects, analyzes and summarizes compensation information to satisfy statutory and regulatory and organization requirements. Interfaces with Labor and Employee Relations, and Talent Acquisition. Participates in special projects such as reorganizations, acquisitions, across- the-board increase processes, etc. Bachelor's Degree in Human Resources, Business Administration or related field, required. Minimum of five (5) years of professional compensation experience, required. Healthcare industry experience, preferred. Knowledge of Human Resources as a discipline, including the various functions of Employee Relations, Benefits, Compensation, Performance Management and Talent Acquisition, preferred. Strong knowledge of Human Resources regulatory and statutory requirements. Strong knowledge of Excel, Word, Power Point. Our Culture