What are the responsibilities and job description for the Compensation Analyst position at Kipu Health?
Kipu is bettering the behavioral health landscape, helping treatment centers achieve the best outcomes and empowering patients and caregivers on every step of the recovery journey. Join us in our work to advance behavioral health care in our communities.
Our innovative solutions support providers in treating addiction, eating disorders and many other behavioral health conditions. Our EMR, CRM and revenue cycle solutions help behavioral health facilities succeed in managing their patients’ entire care journey, but it’s through our people that we truly make a difference.
Your Responsibilities
- Evaluates the organization's compensation and incentive plans with the goal to implement a consistently competitive and effective compensation structure for the company.
- Collects and analyzes data on the organization's current compensation and incentive plans; compares this data to comparable plans and programs offered by competitors, similar companies in the industry, and similar companies in the geographic area.
- Works closely with CHRO on the development of annual merit and bonus planning, quarterly and monthly bonus plan communication and accurate payments, coordination with Finance and Payroll.
- Conducts periodic assessments of incentive plans and any implemented changes; presents findings to management.
- Works to develop career paths within disciplines, developing a tiered structure for job progression, setting up levels and salary data for each job family adjusting to market changes.
- Plans and communicates preferred methods and best practices for hiring, compensating, and evaluating employees. Works with external sources and the internal HR team to assist. Prepares analysis for review with CHRO. Will also consult with the CFO and Finance team for budgeting purposes and approvals.
- Assesses jobs and their respective duties to determine classification as exempt or nonexempt and appropriate title and salary range.
- Benchmarks jobs against survey data and other market intelligence and resources to determine competitive compensation ranges for each position.
- Prepares and maintains job classifications and salary scales to be reviewed by the CHRO and approved by the CFO for budgeting purposes.
- Monitors and collects information, including duties, responsibilities, and skills required by each job. Maintains job descriptions for each position in the organization and works with others on the HR team to ensure there is a job description for each position that reflects accurately the job duties.
- Leverages the resources for assistance on job description backlog and completion. Works with Recruiting to ensure each role that is posted, has a job description and market analyses and aligns internal equity.
- Prepares and presents summary reports of job analysis and compensation analysis information to CHRO, CFO and management in the company.
- Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
- Develops and manages the reporting structure within HRIS setting up proper hierarchies and reporting relationships to run accurate reports for compensation planning, benefit reporting, and roll up of departmental information to each area/organization. May work with payroll or Human Resources business partners, coordinators, Payroll system administration such as ADP and others to maintain HRIS system for accuracy and leverages software and capabilities.
- Implements job analysis instruments and materials for review with the CHRO.
- Other duties as assigned.
Your Qualifications:
- Bachelor’s degree in Human Resources or related field required or 3 years’ experience in a human resources analytical role such as compensation or payroll.
- Good working and practical knowledge of quantitative and qualitative research methods.
- Good working knowledge of human resource laws, regulations, and best practices.
- Experience managing reporting structure within HRIS setting up proper hierarchies and reporting relationships to run accurate reports for compensation planning, and roll up of departmental information to each area/organization.
- Knowledge of compensation strategies and incentive programs.
- Excellent written and verbal communication skills.
- Excellent organizational and time management skills.
- Excellent collaboration skills.
- Experience with career pathing and employee development.
- Proficient with Excel, Pivot tables, compensation software, databases, and the Microsoft Office Suite or similar software
Compensation & Benefits
- Competitive salary
- Unlimited paid time off
- 11 Paid Holidays
- Health, Dental, Vision, and Life Insurance
- Parental Leave
- Pet Insurance
- Employee Career Path Program
- 401(K)
Kipu Promise
In an environment of rapid change, millions are struggling to cope. Kipu is here to help. Having shaped the industry for 10 years, today we focus on advancing our New Vision for the behavioral health ecosystem, evolving how it operates, interacts, communicates, and heals.
We are an equal opportunity employer and highly value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.