Compensation Analyst

Owens & Minor

7d • $80,000 - $90,000 • Remote

About The Position

Owens & Minor is a global healthcare solutions company providing essential products, services and technology solutions that support care delivery in leading hospitals, health systems and research centers around the world. For over 140 years, Owens & Minor has delivered comfort and confidence behind the scenes, so healthcare stays at the forefront, helping to make each day better for the hospitals, healthcare partners, and communities we serve. Powered by more than 14,000 teammates worldwide, Owens & Minor exists because every day, everywhere, Life Takes Care™. Global Reach with a Local Touch 140+ years serving healthcare Over 14,000 teammates worldwide Serving healthcare partners in 80 countries Manufacturing facilities in the U.S., Honduras, Mexico, Thailand and Ireland 40+ distribution centers Portfolio of 300 propriety and branded product offerings 1,000 branded medical product suppliers 4,000 healthcare partners served 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. Job Description: 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. The anticipated salary for this position is $80k-$90k annually. The actual compensation offered may vary based on job related factors such as experience, skills, education and location. This role is remote and the ideal candidate will reside on the east coast.

Requirements

• Bachelor’s Degree required
• 2 or more years of related experience (Compensation, Total Rewards, HR, etc.)
• Or any combination of education and experience to meet the above requirements
• Demonstrated compensation knowledge and skills with the ability to translate/adapt concepts to internal audiences
• 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

Nice To Haves

• Certified Compensation Professional (CCP), Certified Equity Professional (CEP), SPHR, and/or SHRM-SCP certification preferred

Responsibilities

• 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 on-going analysis (compa-ratio, compression, year-to-date program costs, etc.) to determine effectiveness of compensation strategies.
• Oversees 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 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.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level