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)
Overview
Implement, administer and assist in the development of compensation programs, which includes job analysis / evaluation and salary administration.
Provide customer service for client areas and advise and consult with leadership of those areas.
Talent Pool : Corporate Services / Professional
Responsibilities
Completes local, statewide and national third party surveys. Completes government-sponsored surveys. Analyzes survey results and makes recommendations for range and equity adjustments.
Provides maintenance of personnel administration tables in Lawson relative to pay programs
Performs job description audits and formats job descriptions using System-approved templates.
Assists with administration of the job description module in Halogen, including loading Major Work Activities and creating electronic job descriptions.
Assists with HR file maintenance as needed, including support for regulatory surveys.
Assists with the merit increase process, executive compensation review, and other large-scale processes such as market adjustments.
Completes analyses to ensure that compensation programs are implemented and administered consistently throughout the Health System and in accordance with regulatory requirements.
Assists Talent Acquisition and hiring managers with salary quotes for transfers / promotions.
Qualifications
EDUCATION : Required :
Bachelor's degree in related discipline
Preferred : Human Resources degree (requirement waived for staff moved into role during HR Integration in April 2014 but will be applied to future hires).
EXPERIENCE : Minimum two years experience in Human Resources required. Prior experience in Compensation required. Prior Lawson experience strongly preferred.
LICENSURE / CERTIFICATION / REGISTRY / LISTING : REQUIRED
PREFERRED
PHR / SPHR certification preferred.
Last updated : 2024-05-04
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