Compensation Analyst - Hybrid

Posted 17 Days Ago
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Lowell, MA
Senior level
Healthtech • Pharmaceutical
The Role
The Compensation Analyst will analyze and administer the compensation program to ensure compliance with regulations while supporting organizational goals. Responsibilities include designing equitable compensation programs, benchmarking, maintaining job descriptions, and collaborating on benefits packages. The role demands expert knowledge of compensation principles and regulatory requirements in the healthcare sector.
Summary Generated by Built In

At Central Maine Healthcare our team members are committed to providing exceptional care and experiences for our community and for each other every day.

Central Maine Healthcare is seeking a Compensation Analyst to join our Human Resources team!

This is a Full Time, benefits eligible position with the opportunity for hybrid work schedule consisting of a mix of remote and on-site in Lewiston, ME.

Position Summary:

Central Maine Healthcare is an integrated healthcare delivery system serving 400,000 people living in central, western, and mid-coast Maine. CMH’s hospital facilities include Central Maine Medical Center in Lewiston, Bridgton Hospital and Rumford Hospital. CMH also supports Central Maine Medical Group, a primary and specialty care practice organization

The Compensation Analyst will be responsible for the analysis and administration of Central Maine Healthcare’s compensation program. In support of organizational goals and objectives, ensures compliance with applicable governmental rules and regulations.

Education and Experience:

  • Bachelor’s degree in Human Resources or related field required.

  • Minimum 5 years current and relevant experience in compensation; prior healthcare industry experience preferred.

  • SHRM-CP or SHRM-SCP preferred.

Responsibilities include but, are not limited to the following:

  • Researches, evaluates, designs, plans and implements equitable compensation programs that are aligned with and support business objectives, internal equity and market competitiveness

  • Effectively contributes to projects related to development and implementation of base and premium pay and at-risk pay program; survey administration, communications, merit programs and cost impact analyses

  • Maintains standards for benchmarking compensation to ensure consistency in methodologies and to aid in the analysis of compensation model effectiveness and the identification of best practices

  • Participates in and interprets surveys to ensure the maintenance of the Central Maine Healthcare’s competitive position with regard to benchmark jobs and the local, regional, and national markets.

  • Anticipates internal and external business challenges and/or regulatory issues

  • Maintains current knowledge on regulations impacting compensation decisions, including FLSA classification. Advises management on applicable state and federal employment regulations, benefits and compensation policies, human resource procedures

  • Prepares and/or maintains job descriptions for each position in the organization; ensures descriptions accurately reflect the work being performed by incumbents.

  • Partners with the benefits team to work with insurance brokers and investment planners to create competitive, cost-effective benefits packages for the organization.

  • Conducts focus groups to collect team member feedback on specific issues or topics related to benefits and compensation.

  • Plans, communicates and trains to the preferred methods and best practices for compensation.

  • Performs other related duties as assigned.

Required Skills/Abilities:

  • Expert knowledge of compensation principles

  • Advanced proficiency in Microsoft Excel

  • Experience using HRIS systems, Workday experience a plus.

  • Familiarity with HR best practices, employment laws and regulations associated with affirmative action, EEO/AA and Fair Labor Standards

  • Strong analytical, verbal and written skills and demonstration of systems thinking

  • Ability to think critically about and problem solve with data to answer questions and provide insight

  • Exceptional attention to detail and ability to review and analyze data to ensure accuracy

  • Must have strong qualitative and analytical skills and maintain a strong attention to detail

  • Must work well independently with a high level of responsibility, ability to navigate effectively in matrix environments, and ability to manage multiple projects and priorities simultaneously

  • Strong business acumen and interpersonal skills; strong business writing and verbal communication skills to effectively present ideas

  • Demonstrated ability to partner with complex businesses to understand the business needs and to develop recommendations

What It’s Like Working At CMH: 

We are all about our team members growth and health. That why we prioritize work/life balance, community-based wellness initiatives and tuition reimbursement or student loan repayment for ALL of our team members. 

CMH offers a robust benefits package that includes: 

  • Robust Paid Time Off (PTO) program 
  • Medical plan with enhanced Tier 1 benefits provided within the CMH system. 
  • Dental plan 
  • Vision plan 
  • Health Savings Account (HSA) 
  • Basic Life insurance at no cost 
  • Supplemental Life insurance 
  • Long-term disability insurance 
  • 401(k) or 403(b) retirement savings plans 
  • Tuition IO partnership for student loan repayment assistance and tuition assistance 
  • Family leave program for Parental Leaves 
  • Comprehensive Wellness Program 

Living in Central Maine: 

While not at work, our team members enjoy the endless opportunities for entertainment that Maine has to offer. Outdoor enthusiasts can enjoy skiing, boating along the coast and hiking at a state or national park. Centrally located to several popular attractions, residents can embark on day trips to Boston, North Conway, New Hampshire and Boothbay Harbor. Maine is a wonderful place to raise a family, with safe communities and great public and private schools. 

About Central Maine Healthcare:

Central Maine Healthcare is an integrated healthcare delivery system serving 400,000 people living in central, western and Midcoast Maine. CMH's hospital facilities include Central Maine Medical Center in Lewiston, Bridgton Hospital and Rumford Hospital. CMH also supports Central Maine Medical Group, a primary and specialty care practice organization. Other system services include the Central Maine Heart and Vascular Institute, a regional trauma program, LifeFlight of Maine's southern Maine base, the Central Maine Comprehensive Cancer Center and other high-quality clinical services. 

If you are passionate about making a difference and are looking for your next great career opportunity, we look forward to reviewing your application!

Top Skills

Excel
The Company
Lewiston, Maine
364 Employees
On-site Workplace
Year Founded: 1891

What We Do

Central Maine Medical Center (CMMC) located in Lewiston, is a Level II Trauma Center serving Androscoggin County and the surrounding region. CMMC’s “Centers of Excellence” include the Central Maine Heart and Vascular Institute, the Central Maine Comprehensive Cancer Center, the Neonatal Intermediate Care Unit, and a Trauma Services Program.

CMMC is also the southern Maine base for LifeFlight of Maine, the state’s only medical helicopter service. Supported by the latest technologies, CMMC’s skilled professionals provide outstanding care delivered with compassion, kindness, and understanding.

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