Covenant Health

Job Title
Compensation Analyst
ID
3495020
Facility
Covenant Health Corporate
Department Name
COMPENSATION SVCS

Overview

covenant_logo

 

 

Compensation Analyst, Compensation Services

 

Full Time, 80 Hours Per Pay Period, Day Shift

 

Covenant Health Overview:

 

Covenant Health is East Tennessee’s top-performing healthcare network with 10 hospitals and over 85 outpatient and specialty services, and Covenant Medical Group, our area’s fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned, not-for-profit healthcare system and the area’s largest employer with over 11,000 employees.

 

Covenant Health is the only healthcare system in East Tennessee to be named six times by Forbes as a Best Employer. 

 

Position Summary:

Participates in the development, implementation, administration, and communication of a variety of complex compensation programs and projects which significantly impact system-wide business operations and objectives. Functions as an internal technical consultant to HR, hiring managers, and other clients to identify and resolve various compensation-related issues/questions

 

 

Recruiter: Madeline Major

E-mail:  mmajor1@covhlth.com

O: 865-374-5387

 

Key words: Market Analysis/Studies/Comparison (related to pay, salary ranges, incentive programs, etc.), Matching positions, Position reclassification, Designing and developing salary ranges, Salary surveys, Equity assessments/evaluations for pay fairness, FLSA (Fair Labor Standards Act) compliance or audits

Responsibilities

  • Develops, implements and maintains a variety of specific compensation programs, plans, policies, processes and systems; addresses related administrative issues that may be linked to program and project responsibilities; and otherwise coordinates actions with other operational groups such as Finance, Information Systems, Human Resources Administration, HRIS, Payroll, etc.
  • Performs position analysis and conducts analytical studies such as market analysis, internal equity analysis, and cost modeling for job evaluation purposes; develops and implements compensation reporting and metrics; and researches, monitors, and tracks best practices, internal and external data trends, and related literature.
  • Consults and advises HR, hiring managers, and other clients regarding compensation solutions and tactical approaches; provides interpretive guidance on various professional and statutory (e.g. FLSA) guidelines related to compensation; formulates recommendations and provides data to assist in the development and implementation of system-wide compensation strategies.
  • Develops communications to support delivery and administration of compensation policies, practices and programs.
  • Participates in various third-party compensation surveys; develops reports as necessary to respond to ad hoc requests for salary information/analysis.
  • Reviews new or revised position descriptions to determine appropriate salary grade allocation and FLSA classification; works as needed with managers to revise/modify various position description information (e.g. duties and responsibilities, minimum requirements, etc.) to ensure accurate representation of the job.
  • Reviews proposed non-executive salary actions to ensure conformance with established guidelines and policies; makes recommendations regarding approval/denial of requested exceptions to policy.
  • Assists in the development and facilitation of compensation training sessions to various internal groups.
  • Local driving required.
  • Follows policies, procedures, and safety standards. Completes required education assignments annually. Works toward achieving goals and objectives, and participates in quality improvement initiatives as requested
  • Perform other duties as assigned.

Qualifications

Minimum Education:  Bachelor's degree in human resources, accounting/finance, or a business-related field. Masters Degree in a directly-related field preferred.

 

Minimum Experience:  Three (3) years of progressively responsible professional-level work experience in the areas of base compensation, job evaluation/market analysis, job analysis, and/or directly applicable HR functions. Preference given to candidates with 5+ years experience. Strong financial analysis skills; advanced Microsoft Office (i.e. Excel, Access, Word, and PowerPoint) skills; and proficiency with CYBORG, PeopleSoft, SAP, or a related HRIS preferred. Experience in payroll, time keeping, and FSLA also preferred. 

 

Licensure Requirement:  Employee must have a valid Tennessee driver’s license and state mandated minimum insurance coverage. Driving record must meet Covenant Health minimum standards at the date of hire and throughout employment tenure. Preference may be given to individuals holding a professional HR certification such as CCP, PHR, SPHR, CAC, CCC, or JCA.

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