Sr. Compensation Analyst

at OU Medicine, Inc. in Oklahoma City, Oklahoma, United States

Job Description

Position Title:Sr. Compensation Analyst

Department:Total Rewards

Job Description:This position may be performed remotely anywhere within the United States except the States of Arizona, California, Connecticut, Illinois, New Jersey, New York, Pennsylvania, or Washington D.C.

General Description:
Provides Compensation tactical and planning support to designated leaders and employees at one or more OU Health facilities. Advises leader in compensation related issues in collaboration with other stakeholders. Maintains and ensures consistent application of OU Health Compensation standards. This role will independently lead portions of our cyclical processes as well as day-to-day requests related to compensation.

Conducts compensation activities including market, pay equity analysis, job evaluation, job analysis, and participates in special projects. Supports development and communication of compensation policies, processes and programs. Research/benchmark current compensation trends and assess OU Health's programs for competitiveness.

Essential Responsibilities:
Responsibilities listed in this section are core to the position. Inability to perform these responsibilities with or without an accommodation may result in disqualification from the position.

Implements Compensation philosophy, plans, programs, and strategy
Engages designated leaders to understand compensation philosophy, plans, and programs. Implements enterprise-wide and location-specific Compensation related initiatives

Advises leaders and customers on compensation issues
Provides compensation consultation including pay inequities, pay grade structure, market pricing, job evaluation, job analysis, FLSA designation, job leveling, salary administration guidelines, etc.
Interprets pay policies and processes for departments and works with assigned designated leaders.
Responds to leader and employees questions and requests for information, point them to appropriate self-service tools.
Supports the administration and implementation of compensation policies and practices. Offers recommendation for policy changes and updates.

Salary & Policy Administration
Responsible for job descriptions and job evaluations for designated areas.
Accurate and reliable pay analysis and implementation of compensation policies and practices. Offers recommendation for policy changes and updates.
Collaborating on the performance and compensation budget planning cycle, including, but not limited to, end-of-year performance evaluation process, merit and bonus planning, mid-year market review, and annual equity planning.
Data entry, validation, and administration for incentive compensation program for designated areas.
Develop and deliver value-added compensation training programs to staff at all levels within designated work group.
Collaborates with the Compensation Director, area CTO's and designated HR Business Partners with decision making-making to facilitate the understanding by stakeholders for the compensation impacts of organizational changes, the workforce planning needs of the business, and the competitive landscape of the labor market.
Performs research and analysis of market data to make recommendations on market competitiveness and best practices.

Compensation Analytics
Maintain the OUH's salary structure to ensure competitiveness; conduct annual review of grade assignments, ranges, and differentials, and recommend any necessary adjustments.
Maintain all compensation market data and tools, recommending and implementing efficiencies in tracking and reporting. Complete submissions for compensation surveys as required.
Conducts pay equity analysis, regression analysis, and makes recommendations for adjustments.
Reviews compensation proposals for compliance with established guidelines, policies, job architecture.
Evaluates and provides recommendations to streamline processes and ensures compliance with regulatory requirements.
Generates WD reports and performs pay audits on data entry output to maintain the accuracy and integrity of compensation data.
Conducts ad-hoc research and modeling in support of project assignments including presentation of findings and recommendations for management review.
Conducts routine and ad-hoc audits of people and payroll data... For full info follow application link.

Equal employment opportunities are provided to all employees and applicants for employment without regard to race, color, religion, gender, national origin, age, disability, s exual orientation, gender identity, genetic information or protected veteran status in accordance with applicable federal laws. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, transfer, leaves of absence, compensation, and training. Reasonable accommodations are made to the known physical and mental limitations of qualified individuals with disabilities.

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Job Posting: 2288252

Posted On: Jan 23, 2022

Updated On: Jan 26, 2022