Inovalon

  • Compensation Analyst

    Job Locations US-MD-Bowie
    Requisition ID
    2018-8678
    Category (Portal Searching)
    Human Resources
  • Overview

    Inovalon develops cutting-edge software solutions that are helping to revolutionize the Healthcare Informatics industry. Our sophisticated tools are used to enhance the clinical quality outcomes and care enhancement of our clients.

     

    The Compensation Analyst will be responsible for specialized analysis and administration of the Organization’s compensation program.  The incumbent will play a major role in planning and making recommendations for changes in the programs to ensure that the organization maintains its objectives and stays competitive in the marketplace and remains in compliance.

    Responsibilities

    • Conduct analysis of jobs, hourly wages, salaries, and incentives in order to evaluate internal equity, external competitiveness, and legal compliance of the organization's pay practices; research and interpret compensation laws and applicable regulations and provide recommendations accordingly;
    • Provide guidance and direction to Business Leadership on complex compensation issues such as salary treatments, job leveling, salary planning activities, internal and external equity studies and job evaluations;
    • Ensure compliance to all federal and state laws by monitoring and responding to compliance related needs such as review of pay incentives to assure adherence to DOL laws and regulations, exemption status in accordance with FLSA;
    • Counsel, communicate, and educate managers and staff on compensation policies and procedures; benchmark compensation practices to external market and provide recommendations to ensure competitiveness;
    • Develop consensus on job description creation for new and existing positions and gain consensus through all business units including conducting job evaluation meetings, organizational restructuring position analysis;
    • Analyze and provide recommendations to various system generated reports to review internal equity, similarly situated employees; identify opportunities for automation and build automation to maximize efficiency and accuracy; and
    • Perform complex mathematical computations and analysis as required; review and audit data for accuracy and ensure confidentiality of information as required.

    Qualifications

    • Minimum of 4 years related experience and Bachelor’s degree in related field or equivalent experience required;
    • Strong working knowledge of legal perspectives on wages, pay equity and benefits;
    • Proven ability to apply strategies for attracting, assessing and retaining the best employees through a total rewards approach;
    • In depth knowledge of EEO, DOL, FLSA, quantitative and qualitative compensation principles
    • Ability to generate and analyze reports and spreadsheets i.e. identify and correct errors, evaluate and resolve compliance issues;
    • Excellent verbal and written communication skills; and
    • Advanced Microsoft Excel skills (VLOOKUPS, Pivot Tables, Chart creation and graphs) and proficient Word and Power Point skills.

     

    Inovalon provides equal employment opportunities (EEO) to all employees and applicants for employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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