Compensation Analyst

Job Description

Job Description

Compensation Analyst

Job Type: Temporary (12-Month Assignment)
Pay Rate: $33-38/hour
Location: Hawthorne, NY | On-site (Monday-Friday)

Job Overview

Madison Approach Staffing is recruiting for a Compensation Analyst for our client's Human Resources department. Our client is a large healthcare network seeking an experienced compensation professional to provide in-depth analysis for job evaluation, base pay, and short-term incentive pay programs. This role manages salary structures, participates in market surveys, ensures FLSA compliance, and serves as a compensation consultant to HR Business Partners and leadership. The ideal candidate has strong analytical skills, advanced Excel proficiency, and ability to influence at all organizational levels.

Key Responsibilities

• Coordinate and manage job evaluations to ensure equitable establishment of job standards and worth; audit jobs and assist managers with job description development
• Manage salary structure and job hierarchy including participation in salary surveys and utilizing survey data to determine structure shifts while ensuring internal equity
• Analyze market data and trends to set annual pay increase budget; ensure adherence to pay increase and incentive plan budgets
• Conduct special compensation analysis to determine competitiveness and develop creative solutions for retention and organizational goals
• Ensure compliance with all compensation-related legislation including FLSA
• Work with Talent Acquisition team and hiring managers to determine salary and bonus for employment offers using market and internal data to ensure market and internal equity
• Serve as compensation consultant to HR Business Partners and leaders regarding compensation philosophy, processes, and administration of individual employee pay
• Analyze, prepare, and communicate recommendations to executive level approvers

Required Skills & Experience

• Experience: 3+ years demonstrated compensation analyst experience; hospital or healthcare setting preferred
• Education: Bachelor's degree in Finance, Accounting, or business-related field (or equivalent combination of technical and functional experience)
• Analytical Skills: Strong analytical, math, and negotiation skills with ability to perform independent in-depth analysis and present findings
• Excel Expertise: Highly proficient in Microsoft Excel (required)
• HRIS Knowledge: Proficiency in HRIS database management, analysis, logic, and report generation
• Compensation Programs: Knowledge of compensation programs and laws including base pay, variable pay, and FLSA
• Communication: Outstanding verbal and written communication skills; above-average facilitation and presentation skills
• Influence: Demonstrated ability to influence and coach at all organizational levels; ability to work as credible partner with executives and management
• Organization: Outstanding organizational ability with strong attention to detail and deadline orientation
• Multi-tasking: Very strong ability to prioritize and manage multiple projects simultaneously
• Confidentiality: Ability to maintain high level of confidentiality and professionalism

Preferred Skills & Experience

• Certified Compensation Professional (CCP) certification or currently pursuing CCP designation
• Healthcare compensation experience
• Experience with salary surveys (e.g., SHRM, Mercer, Culpepper)
• Process improvement and implementation experience
• Experience with incentive plan design and administration
• Knowledge of healthcare market trends and competitive practices