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)
Envision Radiology is adding a Compensation Analyst to the team!
Monday - Friday, 40 hours/week | Based in-office - Colorado Springs, CO | Position Pay Range: $64,000 - $80,000
Summary/Objective
The Compensation Analyst is responsible analyzing, designing, and administering company compensation programs. Advises management on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines. Evaluates jobs and develops and maintains job descriptions and job architecture.
Essential Functions
1. Analyzes, designs, and administers employer compensation programs. (Includes base pay, long and short-term incentives, spot bonuses, and commissions.)
2. Designs and communicates pay structures, grades, compensation budgets, and guidelines.
3. Advises management on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines.
4. Evaluates jobs and develops and maintains job descriptions and job architecture.
5. Ensures compensation plan and components meet federal and state Fair Labor Standards Act (FLSA) requirements.
6. Participates in compensation surveys.
7. Conducts research and analysis on market competitiveness, pay equity, and compensation trends.
8. Other duties as assigned.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Competencies
1. Compensation Expertise.
2. Communication.
3. Critical Evaluation.
4. Ethical Practice.
5. Relationship Management.
6. Business Acumen.
Supervisory Responsibility
This position has no supervision responsibilities.
Work Environment
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to use hands and fingers to handle, feel or operate objects, tools or controls, and reach with hands and arms. The employee is frequently required to talk and hear.
Travel
No travel is expected for this position.
Job Qualifications
Minimum Qualifications/Experience:
Three plus years’ experience in maintaining and supporting compensation programs
Knowledge of all pertinent federal and state regulations.
Strong analytical skills and a thorough knowledge of compensation plan designs.
Detail oriented, self-motivated, a problem solver and a team player
Ability to excel in a very fast-pace team environment
Ability to continuously “exceed” company and customer expectation
Strong communication skills & professional demeanor
Education/Certifications:
Bachelor’s Degree in Business Administration, Human Resources or related field or equivalent education, training and experience, preferred
Certified Compensation Professional, preferred
Additional Eligibility Qualifications
None required for this position.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Compliance
Adheres to Evision's Code of Conduct and Compliance Policies and attends annual Compliance training as set forth by the Company.
Company Benefits
Below is a list of benefits that are offered to employees, once eligibility is met.
Health Benefits: Medical/Dental/Vision/Life Insurance
Company Matched 401k Plan
Employee Stock Ownership Plan
Paid Time Off Paid Holidays
Employee Assistance Program
OSHA Exposure Rating: 1
It is reasonably anticipated NO employees in this job classification will have occupational exposure to blood and other potentially infectious body fluids.
Envision Radiology is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable federal, state or local law.
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