Compensation Analyst

Posted 10 Days Ago
Be an Early Applicant
Hiring Remotely in Illinois
Remote
Mid level
Healthtech
The Role
The Compensation Analyst conducts market analysis and provides recommendations to align compensation programs with company objectives. Responsibilities include data analysis, ensuring compliance with compensation laws, conducting job analysis, and supporting HR business partners in compensation-related needs.
Summary Generated by Built In

At Owens & Minor, we are a critical part of the healthcare process. As a Fortune 500 company with 50+ facilities across the US and 18,000 teammates in over 90 countries, we provide integrated technologies, products and services across the full continuum of care. Customers—and their patients—are at the heart of what we do.

Our mission is to empower our customers to advance healthcare, and our success starts with our teammates. 

Owens & Minor teammate benefits include:

  • Medical, dental, and vision insurance, available on first working day
  • 401(k), eligibility after 30 days of employment
  • Employee stock purchase plan
  • Tuition reimbursement
  • Development opportunities to grow your career with a global company

Job Description - The Global Compensation Analyst will conduct research, analyze data and provide recommendations to ensure that the organization's compensation programs are competitive and are aligned with the company's objectives. This role requires strong analytical skills, attention to detail, and knowledge of compensation laws and regulations. The teammate in this role will work closely with HR business partners to ensure that the organization's compensation programs are effective and efficient.

Core Responsibilities-

  • Conducts market analysis and research to support compensation recommendations. This is done through analysis of both external market data and internal compensation data while leveraging internal tools such as Workday and MarketPay.

  • Supports the research and review of existing compensation programs and policies to ensure internal and external equity, improve administrative efficiency and ensure legal compliance.

  • Administers global compensation surveys, including ensuring that survey participation deadlines are met. Will take an active role in market-pricing internal jobs to survey jobs and auditing job matches to ensure consistency globally.

  • Conducts job analysis and provides recommendations on job levels to uphold the integrity of the global job architecture and equity across the organization.

  • Supports aligned HR and operational business partners with respect to compensation needs. This may include understanding organizational needs, performing analysis and providing guidance on job leveling, pay ranges, compensation proposals, etc.

  • Provides support to the annual merit and bonus process. This may include data integrity validations, preparing communication materials, providing support and responding to HRBP questions.

  • Supports the global mobility function which includes coordinating and providing guidance to the candidates and managers through the process based on the established guidelines and procedures and coordinating with external vendors to ensure a smooth and compliant immigration and relocation process.

  • Performs basic to intermediate-level analysis to ensure statutory compliance with minimum pay amounts specified by the FLSA, state and local government jurisdictions.

  • Conducts regular audits of data affecting compensation such as job levels, merit and bonus plans in Workday to ensure accuracy of compensation data.

Qualifying Experience-

  • Bachelor’s degree in human resources or related field required

  • Three or more years of experience as a Compensation, Human Resources or Finance Analyst (or related field)

  • CCP designation or GRP certification preferred

  • Excellent analytical skills and highly proficient in Excel or similar tools for data analysis and reporting

  • Familiarity with different types of job evaluation, ideally with previous experience administering and maintaining a global job architecture

  • Ideally with experience supporting compensation globally and understanding of local practices internationally

  • Previous experience with any compensation management tool such as MarketPay or CompAnalyst. Familiarity with the tool’s functionalities using the market-pricing, survey participation and survey library modules.

  • Ideally with previous experience supporting global mobility and understanding of immigration laws and relocation process.

  • Excellent written and verbal communication skills; excellent organizational and time management skills

#LI-ST1

If you feel this opportunity could be the next step in your career, we encourage you to apply. This position will accept applications on an ongoing basis.

Owens & Minor is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, sex, sexual orientation, genetic information, religion, disability, age, status as a veteran, or any other status prohibited by applicable national, federal, state or local law.

Top Skills

Excel
The Company
HQ: Mechanicsville, VA
12,252 Employees
On-site Workplace
Year Founded: 1882

What We Do

Owens & Minor, Inc. (NYSE: OMI) is a Fortune 500 global healthcare solutions company providing essential products and services that support care from the hospital to the home.

For over 100 years, Owens & Minor and its affiliated brands, Apria® , Byram®, and HALYARD*, have helped to make each day better for the patients, providers, and communities we serve.

Powered by more than 20,000 teammates worldwide, Owens & Minor delivers comfort and confidence behind the scenes so healthcare stays at the forefront. Owens & Minor exists because every day, everywhere, Life Takes Care™.

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