Compensation Manager

Overview

• Manage compensation planning, development, and administration for healthcare departments, ensuring competitive and equitable practices.
• Collaborate with HR and leadership teams to design and implement effective compensation strategies.
• Analyze market data and participate in compensation surveys to maintain competitive pay structures.
• Support project work and process improvements to enhance compensation programs.
• Maintain confidentiality, regulatory compliance, and data integrity in all compensation activities.
• Develop tools and dashboards for analyzing and presenting internal and external compensation data.
• Ensure compliance with FLSA regulations and other relevant laws.
• Provide expert consultation and recommendations for pay adjustments and hiring ranges.

Key Responsibilities & Duties

• Assist in the development and implementation of job architecture and compensation grade profiles.
• Conduct in-depth analyses and modeling for compensation programs, including budgets and pay trends.
• Participate in salary survey submissions and maintain employee and survey data.
• Collaborate with HR Business Partners and Talent Acquisition teams to ensure timely compensation deliverables.
• Evaluate jobs based on descriptions to determine proper slotting into salary structures.
• Create and maintain documentation supporting compensation decisions and actions.
• Conduct regular audits of HRIS data to ensure accuracy in compensation metrics.
• Educate HR staff on compensation policies and procedures to enhance organizational initiatives.

Job Requirements

• Bachelor's degree in business, human resources, finance, or related field.
• Minimum of five years of professional experience in compensation, preferably in healthcare.
• Strong knowledge of compensation principles and practices, including FLSA regulations.
• Proficiency in Workday and advanced Excel, PowerPoint, and database skills.
• Exceptional analytical, evaluation, and negotiation skills.
• Ability to work independently and manage complex administrative systems.
• Experience in designing and implementing contemporary compensation practices.
• Strong communication skills for presenting reports and analyses.