Compensation Analyst at Concentra

Addison, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Mar, 26

Salary

0.0

Posted On

19 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Compensation Analysis, Market Pricing, Job Evaluation, Internal Equity, External Competitiveness, Legal Compliance, Data Analysis, Excel Skills, Customer Service, Problem Solving, HRIS Principles, Compensation Programs, Documentation, Training, Collaboration, Attention to Detail

Industry

Hospitals and Health Care

Description

Overview Concentra is recognized as the nation’s leading occupational health care company. With more than 40 years of experience, Concentra is dedicated to our mission to improve the health of America’s workforce, one patient at a time. With a wide range of services and proactive approaches to care, Concentra colleagues provide exceptional service to employers and exceptional care to their employees. The Compensation Analyst participates in job design, position leveling, and market pricing to evaluate positions in alignment with the organizational compensation structure. This analytical position serves in a consultative capacity on issues of internal equity, external competitiveness and legal compliance and will research current market practices, measure the effectiveness of existing plans, and evaluate current and future opportunities to analyze the impact of a wide range of compensation options. Responsibilities Complete market analysis, job evaluation, and internal leveling of new and updated positions to ensure both external and internal equity. Based on position-specific information, determine if an existing description can be used for classification Modify and create new descriptions which accurately reflect current roles, responsibilities, and requirements Provide consultative guidance, interpretation, training and recommendations to managers, supervisors, and team members related to all compensation programs, policies, actions, and issues Verify compensation by researching, benchmarking, and analyzing market data and recommend corrective or alternative actions to resolve compensation related issues Participate in external salary surveys, determining matches and submitting organization profiles. Assist in the administration of annual Salary Planning program Responsible for maintaining documentation of FLSA determinations and classifying exemption status for jobs through review of job profile or desk audits and ensure appropriate EEO mapping of positions Complete audits monthly of any pay transparency changes or updates and federal, state, or municipality pay legislation changes Partner with recruiting team to advise and educate on pay transparency changes & updates to pay guidelines Run and create key HR related business reports using multiple platforms to provide specific information and be an information resource to leaders in the field regarding compensation related projects Research and resolve questions, discrepancies, and other ad hoc requests from leadership Assist with updating and reviewing incentive plans, assist with generating rosters for plan distribution through learning management system Ensure policies are in place and incentive compensation process and related controls are clearly documented and executed Effectively train leaders and colleagues in compensation practices and policies Perform audits on compensation equity, and work with leaders on action plan Evaluate and processes requests for salary adjustments, special payments, bonuses and auto allocations Evaluate and process electronic Employee Action Form submission request for salary adjustments, special payments, bonuses and auto allowances Review and research various personnel actions such as employee status changes, promotions, terminations, unpaid leave, etc., to stay in alignment with various company regulations and state mandates Work with end-users to provide functional expertise for coding issues and resolution by analyzing, researching, and implement proper solutions Complete data entry for day-to-day routine maintenance activities and updates to colleague’s records Receive, respond to, and investigates employee and HR staff queries regarding various HR related questions Assist team members as needed in day-to-day activities and/or participate in special compensation or research projects Qualifications Bachelor’s degree in Finance, Business Administration or related field of study from an accredited college or university or equivalent experience In lieu of an undergraduate degree, the ratio is 1:1 meaning one year of college is equal to one year of directly related experience and vice versa Certifications and/or Licenses: SHRM-CP or SHRM-SCP preferred Certified Compensation Professional (CCP) or classes towards CCP certification is a plus Concentra Core Competencies of Service Mentality, Attention to Detail, Sense of Urgency, Initiative and Flexibility Ability to make decisions or solve problems by using logic to identify key facts, explore alternatives, and propose quality solutions Outstanding customer service skills as well as the ability to deal with people in a manner which shows tact and professionalism The ability to properly handle sensitive and confidential information (including HIPAA and PHI) in accordance with federal and state laws and company policies Working knowledge of compensation/HRIS principles and practices, and state and federal government regulations pertaining to compensation (i.e., DOL, FLSA) Extensive knowledge of human resource laws, regulations and best practices Advanced Excel skills required (i.e., pivot tables, vlookups, date conversion, mathematical formula creation to calculate sums, ratios, and percentages) with an ability to calculate and interpret mathematical formulas such as percentages, ratios, statistical average, median, multiple regression Ability to identify and solve problems through creativity, sound compensation principles and excellent analytical and problem-solving skills. Demonstrated ability to work in a fast-paced environment while handling multiple tasks (planned and unplanned) while meeting deadlines and maintaining quality of work. Demonstrated ability to collaborate with cross functional departments such as Payroll, Finance, Human Resources and Executive Leadership in understanding business needs and in developing suitable compensation recommendations. Strong business acumen and interpersonal skills; strong business writing and verbal communication skills to effectively present ideas in a variety of mediums. Additional Data Employee Benefits 401(k) Retirement Plan with Employer Match Medical, Vision, Prescription, Telehealth, & Dental Plans Life & Disability Insurance Paid Time Off Colleague Referral Bonus Program Tuition Reimbursement Commuter Benefits Dependent Care Spending Account Employee Discounts We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation, if required. *This job requires access to confidential and sensitive information, requiring ongoing discretion and secure information management* Concentra is an Equal Opportunity Employer, including disability/veterans

Responsibilities

The Compensation Analyst is responsible for conducting market analysis, job evaluation, and ensuring internal and external equity in compensation. They provide consultative guidance on compensation programs and assist in the administration of salary planning and incentive compensation processes.