Compensation Specialist
Company: Yale New Haven Health
Location: New Haven
Posted on: June 22, 2022
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Job Description:
OVERVIEWProvides technical and analytical support and
participates in the planning, administration and communication of
compensation programs for YNHHS and affiliates. Maintains and
updates compensation reports, participates in salary surveys and
labor market analyses. Advises, consults and partners with
leadership in assigned area(s) to resolve issues related to
compensation, equity and HR compliance. Develops and implements
programs and plans related to compensation and performance
management to ensure YNHHS maintains competitive pay programs.
Collaborates with other departments across Human Resources to
ensure effective issue resolution. Maintains complex information in
human resource information system (HRIS) pertaining to position
management and compensation programs. Works with area management to
develop accurate job descriptions, gathers relevant internal and
external market data to develop effective job evaluation and salary
recommendations. Advises and consults on issues related to
compensation, performance management and organizational development
for assigned client groups.RESPONSIBILITIES1. Designs, develops and
recommends salary increase programs, including merit increase
grids, salary range structures, salary administration guidelines
and related procedures.2. Participates in the development of
compensation program communications to management and employees,
including annual compensation programs, compensation guide to
managers, and the Performance Incentive Plan (PIP).3. Evaluates and
classifies exempt, non-exempt and management positions, spanning a
diverse range of job families.4. Performs research on various
compensation issues and topics to ensure that the Health System is
using compensation techniques and programs appropriate for each
culture and business.5. Maximizes the utilization of compensation
software and databases to streamline this process. Participates in
analysis of survey results and formulates recommendations to
maintain desired competitive position in selected markets. Designs
and implements custom surveys as appropriate. Develops cost
estimates of any recommendations and presents recommendation to
Senior Leadership for further consideration.6. Develops and
maintains strong end-user skills related to Human Resources
Information System (HRIS) as it pertains to compensation
programs.7. Works closely with staff in Human Resources, Budget &
Finance, Talent Acquisition, Payroll and HRIS to ensure the proper
maintenance of employee data and information; develops and
implements solutions to any problems which may arise.8. Works with
leadership to develop position descriptions and specifications for
budget-approved and proposed positions within the Health System.
Reviews job descriptions with managers and incumbents to verify
responsibilities and specifications. Develops recommendations
regarding classification and salary range information for approved
evaluation requests.9. Performs specialized research studies on a
range of compensation topics, as specifically assigned; analyzes
and interprets data and prepares summary reports.10. Assists in the
design of organizational and department goals for the Performance
Incentive Program (PIP) including plan design, proofing files,
coordinating with HRIS, and distribution of awards payouts.11.
Prepares and analyzes data for audits and ensures compliance with
Federal and State Laws related to Wage and Hour and Equal Pay.12.
Participates as a member of various organization-wide teams and
committees.EDUCATIONBachelor's Degree REQUIRED.EXPERIENCEThree to
five years experience in Human Resources and Salary Administration,
including position description development, position analysis,
quantitative analysis REQUIRED. (CCP) or other relevant HR
certification preferred.
Keywords: Yale New Haven Health, New Haven , Compensation Specialist, Accounting, Auditing , New Haven, Connecticut
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