Our team members are the heart of what makes us better.

 

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

 

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

 

The Compensation Analyst is responsible for the administration of Hackensack Meridian Health Compensation programs.

A day in the life of a Compensation Analyst at Hackensack Meridian Health includes:

• Serves as a Compensation Business Partner for a segment of Hackensack Meridian Health encompassing those directors and all of their department roll-ups regarding any and all inquiries related to compensation.
• Researches and resolves compensation issues based on employee inquiries.
• Provides merit increase calculations and projections to the Finance department for budget planning purposes.
• Calculates all Employee Incentive Plan (EIP) and Management Incentive Plan (MIP) quarterly and annual results and provides Senior Leadership with projected payouts and overall cost.
• Handles all MSS transactions within PeopleSoft that roll up to the Compensation department including, but not limited to, pay rate change requests, employee transfers, position reclassifications, and additional pay changes.
• Manages the Human Resources Job Description Library ensuring all job descriptions are updated as well as in the proper job description format.
• Develops job descriptions reflecting appropriate title, essential functions, qualifications, and requirements.
• Conducts internal comparisons to ensure wage and salary range recommendations are equitable.
• Evaluates and analyzes salary data and recommends salary ranges as appropriate based on market data.
• Assists in the area of physician compensation when necessary.
• Participates in compensation surveys compiling and submitting requested data followed by analyzing the results and making recommendations accordingly.
• Compiles statistical information and prepares reports relating to compensation and position management utilizing the HRIS system.
• Creates and provides reports using PeopleSoft and Excel spreadsheets.
• May provide support for productivity programs (gainsharing, patient experience) as needed, such as program implementation or maintenance.
• Partners with all divisions within Human Resources as well as Finance and Payroll in various functions.
• Travel time required as needed.
• Adheres to the standards identified by the Medical Center's Organizational Competencies.

Education, Knowledge, Skills and Abilities Required:

• Bachelor's Degree in a related area.
• Minimum of 1 year of experience in the field or in a related area.
• Knowledge of commonly-used concepts, practices, and procedures within a particular field.
• Proficient computer skills that include but are not limited to Microsoft Office and/or Google Suite platforms.

Education, Knowledge, Skills and Abilities Preferred:

• Working knowledge of HR systems.

 Licenses and Certifications Preferred:

• Certified Compensation Professional.

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!   

Starting at $82,513.60 Annually

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.

The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:

Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness.
Experience: Years of relevant work experience.
Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training.
Skills: Demonstrated proficiency in relevant skills and competencies.
Geographic Location: Cost of living and market rates for the specific location.
Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization.
Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.


Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.

In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.