The Compensation Analyst is responsible for the assessment, development, implementation and administration of Geisinger’s system-wide employee compensation program. Ensures compensation practices are market competitive, reasonable and compliant with all applicable federal and state regulatory requirements. Establishes compensation levels and practices that are fair and equitable within the Geisinger family and that enhance the selection and retention of a qualified workforce. Major duties and responsibilities include:
Conducts job analysis and assessment. Determines salary grade placement for system-wide positions. Reviews and approves job descriptions.
Consults and communicates with management and employees regarding the Geisinger system-wide employee compensation program including base pay structure, other pay arrangements, individual employee salary offers, and policy and procedures related to Geisinger’s compensation practices. Develops and conducts compensation related training programs. Works actively with the Payroll and Workforce Management departments to ensure that employees are paid correctly and timely. Consults with Legal Services on fair market value assessments for contractual agreements as necessary.
Administers the position review and cost analysis associated with department/division reorganizations, new programs, and merger and acquisitions.
Responsible for benchmarking positions within the Geisinger family. Recommends participation in, submits data to, and analyzes external third-party salary surveys used in benchmarking. Slots Geisinger positions to benchmark data. Benchmarks other metrics and key performance indicators associated with the compensation program for various Geisinger families and positions.
Participates in the processes associated with annual budgetary planning for compensation including long range financial modeling. Assists in the planning of performance based pay including merit, market, minimum and compression budgets by position/family presented to senior executive leadership. Works closely with Financial Planning during the budgetary process to ensure that compensation forecasts are accurate and are reflective of senior leadership approved levels.
Evaluates and recommends other pay arrangements that may be used to recruit and retain employees. Analyzes reasonableness and fair market value of arrangements as necessary. Performs cost analysis of arrangement. Reviews and presents arrangements with applicable leadership and other Human Resources personnel as required. Gains required approvals and documents arrangements.
Routinely assesses pay equity and compression within Geisinger’s positions/families. Identifies issues and advises leadership and Human Resources.
Actively researches compensation trends at a micro and macro level and has a thorough understanding of the regulatory landscape that governs compensation (federal and state).
Competencies and Skills:
Strong critical thinking/analytical skills
High degree of attention to detail and accuracy
Ability to manage and maintain highly sensitive and confidential information
Ability to effectively communicate compensation practices and processes to various position levels within the Geisinger Family
Ability to manage competing priorities
Ability to adapt quickly, multi-task, and work independently
Ability to interact with and build collaborative relationships within all levels of the organization
Proficiency with MS Excel required; basic knowledge of MS PowerPoint and MS Word required; experience with database management, human capital, payroll and time keeping systems preferred
Education and Experience:
Bachelor’s degree in human resources, business, finance or related field
Two years of analytical experience in compensation, business, finance, human resources or related field
Proficiency in Microsoft Office products Word, PowerPoint, One Note, Access
About Geisinger Health
Geisinger is an integrated health services organization widely recognized for its innovative use of the electronic health record and the development of innovative care delivery models such as ProvenHealth Navigator®, ProvenCare® and ProvenExperience®. As one of the nation’s largest health service organizations, Geisinger serves more than 3 million residents throughout 45 counties in central, south-central and northeast Pennsylvania, and also in southern New Jersey at AtlantiCare, a Malcolm Baldrige National Quality Award recipient. In 2017, the Geisinger Commonwealth School of Medicine and Geisinger Jersey Shore Hospital became the newest members of the Geisinger Family. The physician-led system is comprised of approximately 30,000 employees, including nearly 1,600 employed physicians, 13 hospital campuses, two research centers, and a 583,000-member health plan, all of which leverage an estimated $12.7 billion positive impact on the Pennsylvania and New Jersey economies. Geisinger has repeatedly garnered national accolades for integration, quality and service. In addition to fulfilling its patient care mission, Geisinger has a long-standing commitment to medical education, research and community service.