Owens & Minor

Compensation Analyst

Owens & Minor

full-time

Posted on:

Location Type: Remote

Location: United States

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Salary

💰 $80,000 - $90,000 per year

About the role

  • Consults with HR and other Owens & Minor clients to identify compensation-related issues, researching, recommending, and implementing solutions, and auditing/monitoring business impact.
  • Performs job analysis, develops job descriptions, conducts competitive market analysis, and completes salary surveys.
  • Researches and utilizes market data to create alternatives and recommendations to ensure market competitiveness of compensation programs.
  • Audits salary administration programs to ensure uniform and consistent application and adherence to legal/regulatory requirements.
  • Performs duties and analysis supporting the design, development, implementation and audit of Owens & Minor Total Compensation programs.
  • Assists with the development of a total compensation philosophy and framework (base pay, incentives, bonuses, sales compensation, etc.).
  • Researches, analyzes, formulates, and recommends modifications to compensation programs/policies/procedures, ensuring internal and external equity, promoting performance incentives, improving administrative efficiency and ensuring legal compliance.
  • Provides ongoing analysis (compa-ratio, compression, year-to-date program costs, etc.) to determine the effectiveness of compensation strategies.
  • Oversees the administration of teammate compensation for assigned company operations.
  • Prepares compensation recommendations (new hires, promotions, etc.), ensuring equity and regulatory compliance.
  • Provides interpretation and guidance concerning wage and salary policies/procedures and related laws to HR and operations management.
  • Acts as a technical expert/consultant to management regarding hiring/promotional rates, special adjustments, bonuses, and all other compensation-related issues.
  • Partners with clients to prepare job descriptions in standardized form, and recommend job leveling using job evaluation and market pricing techniques.
  • Audits job descriptions to ensure they are current and accurate.
  • Evaluates and compares existing company total compensation programs with competitors through benchmarking, surveys, and other information sources.
  • Analyzes results of surveys and develops specific recommendations for review by management.
  • Engages in both intra-departmental and cross-functional compensation projects (incentives budgeting, merit planning, survey management/participation, internal/external auditor coordination, etc.).
  • Partners with HRIS team in the development of compensation reports and system maintenance (updating job ranges, grades, titles, EEO codes, etc.).
  • Audits HRIS system to ensure accuracy of compensation-related issues.
  • Ensures compliance with provisions of state and federal governmental regulations (OFCCP, FLSA, FMLA, ERISA, COBRA, HIPAA, PPACA, IRS/SEC, etc.).
  • Reviews and analyzes changes to state, federal, and international laws pertaining to compensation.
  • Reports necessary or suggested changes to management.
  • Performs additional duties as directed.

Requirements

  • Bachelor’s Degree required
  • 2 or more years of related experience (Compensation, Total Rewards, HR, etc.)
  • Certified Compensation Professional (CCP), Certified Equity Professional (CEP), SPHR, and/or SHRM-SCP certification preferred
  • Or any combination of education and experience to meet the above requirements
  • Knowledge of market pricing techniques and systems
  • Knowledge of developing, and administering short term incentive plans
  • Knowledge of Workday,
  • Advanced Understanding of organization design concepts and best practices
  • Ability to think strategically and deliver tactically
  • Ability to work collaboratively across cultures and organizations
  • Strategically focused on continuous improvement
  • Ability to work independently and within a team environment
  • Action oriented and adept at working in a fast-paced, growing organization
  • Strong interpersonal and communication skills to interact with all levels of an organization and diverse cultures
  • Excellent analytical skills with ability to synthesize and analyze complex data to develop recommendations based on fact and logic
  • Demonstrates good judgment in selecting methods and techniques for obtaining solutions
  • PC Skills (spreadsheet and word processing skills);
  • Demonstrated familiarity with OFCCP, FLSA, FMLA, ERISA, COBRA, HIPAA, PPACA, IRS and SEC regulations.
Benefits
  • Comprehensive Healthcare Plan - Medical, dental, and vision plans start on day one of employment for full-time teammates.
  • Educational Assistance - We offer educational assistance to all eligible teammates enrolled in an approved, accredited collegiate program.
  • Employer-Paid Life Insurance and Disability - We offer employer-paid life insurance and disability coverage.
  • Voluntary Supplemental Programs – We offer additional options to secure your financial future including supplemental life, hospitalization, critical illness, and other insurance programs.
  • Support for your Growing Family – Adoption assistance, fertility benefits (in medical plan) and parental leave are available for teammates planning for a family.
  • Health Savings Account (HSA) and 401(k) - We offer these voluntary financial programs to help teammates prepare for their future, as well as other voluntary benefits.
  • Paid Leave - In addition to sick days and short-term leave, we offer holidays, vacation days, personal days, and additional types of leave – including parental leave.
  • Well-Being – Also included in our offering is a Teammate Assistance Program (TAP), Calm Health, Cancer Resources Services, and discount programs – all at no cost to you.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
job analysiscompetitive market analysissalary surveyscompensation program designcompa-ratio analysismarket pricing techniquesshort term incentive plansdata analysisjob evaluationbenchmarking
Soft Skills
strategic thinkingcollaborationcontinuous improvementindependenceteamworkinterpersonal skillscommunication skillsanalytical skillsjudgmentaction orientation
Certifications
Bachelor's DegreeCertified Compensation Professional (CCP)Certified Equity Professional (CEP)SPHRSHRM-SCP