Compensation Director is responsible for the design, implementation, and ongoing evaluation of the organization's compensation programs, including base pay, incentive pay, and performance management programs. Leads the compensation function and works with senior management to ensure that compensation strategy and programs support the organization's business objectives, meet all legal requirements, and deliver value and equitable pay. Being a Compensation Director develops compensation budget for assigned areas and manages budget after it is approved. Establishes data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Director may be responsible for entire organization or for one or more major segments of a larger organization. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compensation Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
JOB DESCRIPTION:
The Network Compensation Manager is responsible for the management of Compensation at the University of Vermont Health Network (UVMHN). Provides consultation to UVMHN management in all areas of compensation including organizational structure, job development and evaluation, career ladders, special compensation programs, compensation issues, and policy interpretation. Executes on strategic planning initiatives in each of these areas and helps develops specific programs and policies to meet organizational needs.
The manager oversees projects designed to increase efficiency and promote customer satisfaction, including education and awareness, program development and changes, vendor changes, software upgrades and implementations. The manager ensures compensation programs and their administration are compliant with statutory regulations.
EDUCATION:
Bachelor’s degree in Human Resources management, Business, or other related field, MBA preferred. Professional certification such as SPHR or CCP is preferred.
EXPERIENCE:
Five or more years of experience in human resources and compensation administration with exposure to large organizational settings. Proven knowledge of employee compensation plans and governing regulations. Progressive leadership experience is preferred.
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