Compensation Analyst

We are seeking a detail-oriented Compensation Analyst with a strong background in data analytics to join our team. The ideal candidate will be responsible for developing, implementing, and managing our compensation strategy to ensure competitive and fair compensation practices. This role involves conducting market reviews, analyzing grade structures, and positioning within the market to attract and retain top talent.

Compensation Strategy Development:
• Develop and implement the organization's compensation strategy.
• Ensure alignment with business objectives and compliance with federal and state laws.
1. Market Reviews and Analysis:
• Conduct market surveys to analyze compensation practices against competitors.
• Benchmark jobs against market data to determine competitive compensation levels.
• Prepare and present reports on job and compensation analysis.
2. Grade Structure and Positioning:
• Evaluate job duties and responsibilities to determine appropriate compensation levels.
• Develop and maintain job classifications and salary scales.
• Analyze and recommend adjustments to grade structures to ensure internal equity and market competitiveness.
3. Data Analytics:
• Utilize data analytics to interpret compensation data and identify trends.
• Provide data-driven recommendations for compensation adjustments and policy changes.
• Collaborate with HR and finance departments to understand the impact of compensation decisions.
4. Compensation Program Analysis:
• Analyze, verify, track, and report on compensation programs, including job evaluation and analysis for assigned functional areas.
• Evaluate jobs by reviewing job descriptions and analyzing best practices and benchmark data both internally and externally.
• Continually review the organization's comparative position relative to market data and determine appropriate salary grades and job attributes.
• Model compensation alternatives and cost out changes; make appropriate recommendations.
• Coordinate with HRIT to create report templates that meet compensation reporting needs.
5. Compliance and Policy Management:
• Ensure compensation practices comply with federal and state regulations, including FLSA.
• Review and revise compensation policies and procedures as necessary.
• Stay updated on industry trends and best practices in compensation management.
6. Stakeholder Collaboration:
• Work closely with HR, finance, and management teams to develop and implement compensation programs.
• Collaborate with Workforce Experience and Talent Acquisition.
• Participate in special projects such as reorganizations, acquisitions, and merit/across-the-board increase processes.
• Present compensation recommendations to management and justify suggestions with data.
7. Salary Surveys and Reporting:
• Complete timely and accurate salary surveys and analyze results as necessary.
• Operate under general guidance with varied work assignments requiring interpretation and independent decisions on the course of action.
• Perform related duties as required. All responsibilities noted here are considered essential functions of the job under the Americans with Disabilities Act.

#ind-cs

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field, or equivalent combination of education and related experience.
• 1-3 years of compensation experience required.
• Prior experience with market pricing, salary surveys, and job architecture required.
• Experience with Comp Analyst Market Data, Payfactors or similar compesation tools.
• Advanced knowledge in Excel preferred.
• Excellent analytical and problem-solving skills.
• Knowledge of federal and state laws affecting compensation.
• Strong communication and presentation skills.
• Relevant certifications (e.g., CCP, GRP) are a plus.
• Proficiency in data analysis and statistical software (e.g., Excel, SQL, Tableau).
• Strong attention to detail and accuracy.
• Ability to handle confidential information with discretion.
• Excellent organizational and time management skills.

CentraState Healthcare System, in partnership with Atlantic Health System, is a fully accredited, not-for-profit, community-based health system dedicated to providing comprehensive health services in central New Jersey. Beyond offering a wide range of advanced diagnostic and treatment options, CentraState is committed to being a valuable health partner, focusing on disease prevention, promoting healthy behaviors, and helping individuals of all ages live well.

Located in Freehold, CentraState includes a 284-bed acute-care hospital, a dynamic health and wellness campus, two award-winning senior living communities, a charitable foundation, and convenient satellite health pavilions. These pavilions offer primary care, specialty physician practices, and access to outpatient services such as lab work and physical therapy.

CentraState is proud to be among the less than two percent of hospitals nationwide to earn Magnet designation for nursing excellence five times. Additionally, it has been recognized as a Great Place to Work-Certified Company by Great Place to Work for four consecutive years.

Joining CentraState means becoming part of a pioneering healthcare facility committed to high-quality, patient-focused care. We invite you to make a difference in our community and advance your career with us. We support our employees with work/life balance initiatives, tuition assistance, career advancement opportunities, and more.

Discover why our employees love their jobs and being part of the CentraState family!

CentraState Health System offers a competitive and comprehensive Total Rewards package that supports the health, financial security, and well-being of all team members.

What We Offer:

• Medical, Dental, Vision, Prescription Coverage (30 hours per week or above for full-time and part-time team members)
• Life & AD&D Insurance
• Long-Term Disability (with options to supplement)
• 403(b) Retirement Plan with employer match
• 401(a) Retirement Plan with employer contribution
• PTO
• Tuition Reimbursement
• Well-Being Rewards
• Employee Assistance Program (EAP)
• Fertility Coverage, Healthy Pregnancy Program
• Flexible Spending & Commuter Accounts
• Pet, Home & Auto, Identity Theft and Legal Insurance
• Growth Opportunity and Workforce Development Initiatives
• Continuing Education / Onsite Training
• A warm, welcoming company culture based upon mutual respect and a collaborative goal of providing excellent patient care
• Concierge Services with Work & Family Benefits
• Magnet recognized healthcare facility

Compensation Range: $78,000 - $132,600 annually

The compensation above reflects the established range from CentraState Healthcare System (CSHS) for this position at the time the job was posted. CSHS considers many factors to determine compensation, including education, experience, skills, licenses, certification, and training. As such, team member compensation may fall outside this range.

Additionally, the compensation range reflects base salary and does not include extra shift rates or incentives tied to quality, productivity, etc., as applicable.

The benefits outlined also reflect CSHS' policy at the time of posting. Benefits as are made available to other similarly situated team members of CSHS, although participation is at all times in accordance with and subject to the eligibility and other provisions of such plans and programs. CSHS may modify its benefits plans or programs at any time.

CSHS is proud to comply with all pay equity and pay transparency laws.