Compensation Analyst

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.

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

Qualifications

• 1+ years demonstrated compensation analyst experience; hospital or healthcare setting preferred
• Bachelor's degree in Finance, Accounting, or business-related field (or equivalent combination of technical and functional experience)

Skills

• Strong analytical, math, and negotiation skills with ability to perform independent in-depth analysis and present findings
• Highly proficient in Microsoft Excel (required)
• Proficiency in HRIS database management, analysis, logic, and report generation
• Knowledge of compensation programs and laws including base pay, variable pay, and FLSA
• Outstanding verbal and written communication skills; above-average facilitation and presentation skills
• Outstanding organizational ability with strong attention to detail and deadline orientation
• Very strong ability to prioritize and manage multiple projects simultaneously
• Ability to maintain high level of confidentiality and professionalism

Pay & Schedule

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