Senior Compensation Analyst
Company: Versiti, Inc.
Location: Milwaukee
Posted on: January 26, 2023
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Job Description:
Overview:Versiti is a fusion of donors, scientific curiosity,
and precision medicine that recognize the gifts of blood and life
are precious. We are home to the world-renowned Blood Research
Institute, we enable life saving gifts from our donors, and provide
the science behind the medicine through our diagnostic
laboratories. Versiti brings together outstanding minds with
unparalleled experience in transfusion medicine, transplantation,
stem cells and cellular therapies, oncology and genomics,
diagnostic lab services, and medical and scientific expertise. This
combination of skill and knowledge results in improved patient
outcomes, higher quality services and reduced cost of care for
hospitals, blood centers, hospital systems, research and
educational institutions, and other health care providers. At
Versiti, we are passionate about improving the lives of patients
and helping our healthcare partners thrive.Position Summary:Under
the direction of the Total Rewards Director ensures delivery and
alignment of HR services to support achievement of business
objectives. The Senior Compensation Analyst, ensures alignment of
HR policies and practices related to compensation administration
including, but not limited to day-to-day salary administration
activities, evaluates and analyzes salary data, determines pay
grades and conducts or participates in compensation surveys,
conduct job evaluations, develops compensation models, reports and
analysis used to analyze activities and to support recommendations
to the leadership team. Proactively assesses and administers
Versiti's compensation plans and programs in compliance with
organizational policies and procedures as well as federal and state
governing bodies to support the compensation function and seeks
integrated solutions which deliver value added
service.Responsibilities:MAJOR RESPONSIBILITIES Compensation
Administration * Designs, develops, implements, and maintains
compensation programs, policies, proposals, and solutions to
support the talent management strategies. * Maintains control of
the Jobs Catalog to include job analysis, job evaluation, job
coding, job descriptions - new and updates. * Researches, prepares,
and analyzes salary survey and market data to determine the
appropriate compensation practices and guidelines. Leverages
surveys and professional networks to understand industry and
organization-specific issues * Develops and maintains Compensation
Structures maintaining internal and external equity. Creates
compensation guidelines, review exceptions, and provides creative
solutions to compensation challenges. * Provides compensation
recommendations to HR Business Partner and/or Talent Acquisition
Specialists to assure appropriate offer that maintains internal
equity and external competitiveness * Consults with management
regarding pay practice decisions for promotions, transfers,
reclassifications, etc. * Educates and counsels
employees/management regarding compensation practices * Manages the
administration of the annual merit increase cycle, including the
preparation of HR systems, budget reports, review of the salary
structure and analysis of the market * Coordinates and participates
in the design, enhancement and execution of variable pay programs
(such as incentive and commission plans), rewards and recognition
programs, and other compensation related programs. * Partners with
Finance and other teams in the budgeting and financial reporting
processes, financial modeling, and special research projects as
required * Conducts weekly, monthly and/or quarterly audits of
compensation records and practices, as appropriateGENERAL DUTIES *
Delivers service aligned with department guiding principles,
ensuring highest levels of collaboration across the HR and other
organizational teams. * Supports the organization mission, vision,
and values as well as departmental goals and objectives. *
Responsible for maintaining strict confidentiality of information
and records at all times. * Establishes sound processes and
controls mechanisms to ensure adequate administration of HR and
Compensation policies, processes, and practices. Maintains required
records, reports, and files pertaining to areas of responsibility.
* Displays commitment to continuous learning, including own
professional development as well as sharing information and
learning with other team members. * Participates in meetings and
support organizational initiatives, as required * Participates in
surveys relative to salaries and compensation policies and
practices. * Assists with the development and coordination of
special job offers, separation packages, other * Serves as subject
matter expert on Compensation matters for complex compensation
questions such as those related to compensation offers, etc. *
Maintains updated policies, processes, guidelines, training
materials, and communications to ensure efficiency and cost
effective HR-compensation services.Performs other duties as
assignedComplies with all policies and
standardsQualifications:EducationBachelor's Degree from an
accredited college or university in human resources, business, or
related field requiredStrong compensation knowledge with
demonstrated proficiency and progressive increase in compensation
accountability and responsibility. requiredExperience4-6 years
Minimum of 5 years of progressive compensation experience in a
complex work environment including compensation plan
administration, resolving compensation related issues, and working
in partnership with peers, business leaders and employees to
support their needs requiredExperience with variable pay,
compensation modeling and metrics requiredExperience working with
an HRIS system, including data extraction and analysis
requiredExperience with Microsoft Office products (Word, Excel,
PowerPoint, and Outlook) requiredExperience in a performance and
market driven pay environment required; health care setting
preferredKnowledge, Skills and AbilitiesProven strong analytical,
critical thinking and problem solving skills and ability to
synthesize information and data from a variety of sources.
requiredDemonstrated strong auditing skills and attention to detail
in data management and reporting requiredDemonstrated understanding
and ability to design and implement processes associated with
compensation changes requiredExcellent project management and
business literacy skills requiredAbility to maintain highly
confidential information in a professional manner requiredAbility
to multitask and adjust in a fast paced environment requiredWorking
knowledge of HR laws and practices impacting compensation required
requiredStrong sense of urgency, results and action-oriented
requiredStrong interpersonal communication skills; ability to
communicate with confidence in order to write, interpret and
explain information related to compensation and HRIS both
one-on-one and in groups requiredLicenses and
CertificationsCertified Compensation Professional (CCP)
preferredTools and TechnologyPersonal computer, telephone,
shredder, fax and copy machine required#LI-Hybrid#AJ123
Keywords: Versiti, Inc., Milwaukee , Senior Compensation Analyst, Professions , Milwaukee, Wisconsin
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