Compensation Analyst

Job Summary

Hybrid Work Environment - Must reside in Hawaii
Pay Range: $59,000 - $116,000

Minimum Qualifications

• Bachelor's degree and two years of related experience or equivalent combination of education and experience.
• Excellent verbal and written communication skills.
• Strong attention to detail and accuracy.
• Strong analytical skills with the ability to handle multiple tasks simultaneously.
• Basic working knowledge of Microsoft Office applications.

Duties And Responsibilities

Job Description Evaluation

• Administers job description process: Reviews job evaluation requests for new or revised job descriptions to determine appropriate job leveling and FLSA exemption status.
• Utilizes job evaluation criteria and available salary market data.
• Reviews job description content, evaluation questionnaires and job equity guidelines to ensure evaluation methodology and criteria are applied consistently and objectively.
• Reviews the job qualification requirements to ensure appropriate alignment with comparable jobs and to meet legal and compliance considerations.
• Maintains documentation and related attributes in database.

Salary Administration

• Administers HMSA's compensation programs including base pay, variable pay, bonuses, special recognition, and most forms of cash compensation.
• Ensures salary actions are within established guidelines and align with HMSA's pay philosophy.
• Develops reports and reviews salary data to conduct internal salary equity analysis.
• Affords assistance in the development of annual salary structure proposal(s).
• Reviews and adjusts the Merit Increase Matrix Guidelines based on projected salary administration budget and planned business objectives.

Project Participation

• Participates on various departmental projects and may play a leadership role on various small projects.

Consultation

• Provides leaders with consultative advice/information on compensation strategies and action plans for staff members, career path development, and strategic job development and alignment.

Market Evaluation

• Participate in salary surveys to assist management in determining the organization's competitive market position.
• Identify benchmark job matches.
• Collect and organize salary data.
• Analyze survey results, internal and external salary statistics to support and validate salary adjustment proposals/recommendations.

Other Duties/Functions

• Performs all other miscellaneous responsibilities and duties as assigned or directed.