The Compensation Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.Under the direction of the Compensation Manager, the incumbent will interact with all levels within the system to support the compensation strategy, pay programs and policies, as well as, provide assistance in the delivery of compensation solutions. This position will also be involved in Total Rewards and Talent Programs, including: PTO Program; Physician Compensation; Metrics/Forecasting Budgetary Analytics.Responsibilities: Under the guidance of the Compensation Manager, provide feedback to Directors, Managers and employees based on thorough knowledge of compensation policiesManage special projects by determining project steps, how to accomplish goals, chairing committees, developing training and solutions to problemsFamiliar with Total Rewards and Talent Programs, including: PTO Program; Physician Compensation; Metrics/Forecasting Budgetary Analytics.Salary Changes:Adjudicate salary change requests including transfers, demotions and promotions, by applying knowledge of NMHC policies and practicesSupport Recruitment by maintaining Recruitment Calculator Tools to assist with offers and conduct internal equity reviews.Job Descriptions:Manage the process by which job descriptions are created, revised, reviewed and approvedAssist in the determination of the appropriate pay grades for newly created positions by pulling market data internal and external to make appropriate recommendation to Compensation ManagerAssign new job codes in PeopleSoft as appropriate and communicate change to MyHR Team to create position numberWork with Recruitment in modifying or updating new job description for appropriate postingReview compliance with licensure/certification standards as required for The Joint CommissionWork with Safety Department to assess Physical Demands and properly document in Job Description AddendumAssess whether the job should be included in Apparel ProgramMaintenance of the Job Description Library on NMI.Compensation Data Analysis:Participate in and conduct salary surveys, completing market surveys and compiling data from published sourcesPerform statistical analyses using a variety of tools in order to evaluate external competitiveness and provide data for setting pay during Market Review ProcessComplete analyses, benchmarking and tracking for all compensation and compensation-related benefits analysesGather information, design and prepare material for presentation to Senior Management in support of various compensation activities including: Annual Salary Merit/Market Increase Budget Support; Seasonal Market Reviews by Job Family; and Bonus Programs, such as the Manager and Director Incentive Programs.Financial:Assist in the organization, tracking and payment of account payables (i.e. vendors and survey bills)Document, log and request special payments via the special pay file.Other duties and responsibilities, as assigned, including:Responsibility for data integrity of all compensation and compensation-related materialsMaintaining the Compensation Dashboard/Metrics.AA/EOE
