Compensation Analyst

Posted 15 Hours Ago
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Campus, IL
Mid level
Healthtech • Payments
The Role
The Compensation Analyst manages and administers Bozeman Health's compensation plan by conducting salary surveys, evaluating positions, determining wage scales, and collaborating with HR leadership. Responsibilities include ensuring data accuracy within HR systems, scoring candidates, and assisting managers with compensation reports and education.
Summary Generated by Built In

Position Summary:

The Compensation Analyst administers Bozeman Health's compensation plan and will have primary responsibility for completing salary surveys, evaluating current positions and determining wage scales, and scoring candidates and positions. Works collaboratively with HR leadership to ensure that the compensation program supports both short and long term business objectives and continues to be competitive and cost effective. Works with Bozeman Health Medical Group (BHMG) leadership to assist with salary data for providers as requested. Partners with HR team to audit compensation and data accuracy within HRIS, makes corrections/changes as needed with appropriate documentation, provides compensation-related reports as requested, and assists managers, employees, and HR team members with report running out of various HR systems.

Minimum Qualifications:

Required

  • Bachelor’s degree in business administration, health care administration, finance, or human resources; equivalent combination of education and experience may be considered
  • Three (3) years of human resources experience in a professional office environment
  • One (1) year of compensation analyst/administration experience
  • Three (3) years of Microsoft Office experience with advanced experience using Excel

Preferred

  • CCP Certification from World at Work
  • Three (3) years of compensation administration experience

Essential Job Functions:

In addition to the essential functions of the job listed below, employees must have on-time completion of all required education as assigned per DNV requirements, Bozeman Health policy, and other registry requirements.

  • Administers compensation plan by completing annual salary surveys for all Bozeman Health positions, scoring new job descriptions to assess appropriate salary range, scoring candidates for wage, partnering with HR management on annual salary increase process, and completing periodic audits of compensation information in HRIS to ensure accuracy.
  • Provides compensation education and communication by meeting with employees and managers regarding the compensation policy and practice, education managers on policy and pay for performance strategy, providing guidance on goal setting and job descriptions to ensure appropriate scoring for jobs and adequate information for performance evaluations, and monitoring annual evaluations to ensure completion for the purpose of determining annual salary increases.
  • Assist with administering provider compensation including making adjustments as needed, populating contract information for new and existing BHMG providers, and collaborating with HR term members to make necessary adjustments to HRIS for payroll accuracy.
  • Partners with HR team members to populate annual total rewards statements and ad-hoc reporting requests.

Knowledge, Skills and Abilities

  • Demonstrates sound judgment, patience, and maintains a professional demeanor at all times
  • Exercises tact, discretion, sensitivity, and maintains confidentiality
  • Performs essential job functions successfully in a busy and stressful environment
  • Learns current and new computer applications and office equipment utilized at Bozeman Health
  • Strong interpersonal, verbal, and written communication skills
  • Analyzes, organizes, and prioritizes work while meeting multiple deadlines

Schedule Requirements

  • This role requires regular and sustained attendance.
  • The position may necessitate working beyond a standard 40-hour workweek, including weekends and after-hours shifts.
  • On-call work may be required to respond promptly to organizational, patient, or employee needs.

Physical Requirements

Lifting (Rarely – 30 pounds): Exerting force occasionally and/or using a negligible amount of force to lift, carry, push, pull, or otherwise move objects or people.Sit (Continuously): Maintaining a sitting posture for extended periods may include adjusting body position to prevent discomfort or strain.Stand (Occasionally): Maintaining a standing posture for extended periods may include adjusting body position to prevent discomfort or strain.Walk (Occasionally): Walking and moving around within the work area requires good balance and coordination.Climb (Rarely): Ascending or descending ladders, stairs, scaffolding, ramps, poles, and the like using feet and legs; may also use hands and arms.Twist/Bend/Stoop/Kneel (Occasionally): Twisting, bending, stooping, and kneeling require flexibility and a wide range of motion in the spine and joints.Reach Above Shoulder Level (Occasionally): Lifting, carrying, pushing, or pulling objects as necessary above the shoulder, requiring strength and stability.Push/Pull (Occasionally): Using the upper extremities to press or exert force against something with steady force to thrust forward, downward, or outward.Fine-Finger Movements (Continuously): Picking, pinching, typing, or otherwise working primarily with fingers rather than using the whole hand as in handling.Vision (Continuously): Close visual acuity to prepare and analyze data and figures and to read computer screens, printed materials, and handwritten materials.Cognitive Skills (Continuously): Learn new tasks, remember processes, maintain focus, complete tasks independently, and make timely decisions in the context of a workflow.Exposures (Rarely): Bloodborne pathogens, such as blood, bodily fluids, or tissues. Radiation in settings where medical imaging procedures are performed. Various chemicals and medications are used in healthcare settings. Job tasks may involve handling cleaning products, disinfectants, and other substances. Infectious diseases due to contact with patients in areas that may have contagious illnesses.*Frequency Key: Continuously (100% - 67% of the time), Repeatedly (66% - 33% of the time), Occasionally (32% - 4% of the time), Rarely (3% - 1% of the time), Never (0%).77211200 Human Resources

The Company
Bozeman, MT
1,193 Employees
On-site Workplace
Year Founded: 1911

What We Do

Bozeman Health is an integrated health care delivery system serving an eleven-county region in Southwest Montana. As a nonprofit organization, governed by a volunteer community board of directors, we are the largest private employer in Gallatin County, with more than 2,600 employees, including 270 medical providers representing over 40 clinical specialties. It is our privilege to deliver expert, compassionate health and wellness services across the care continuum, designed to meet the diverse health care needs of the communities we serve

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