Compensation Director jobs in Wichita, KS
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)
Recently Added Compensation Director jobs
Compensation Consultant
- Harvard Medical Faculty Physicians
-
Park, KS
FULL_TIME
-
The Physician Compensation Consultant provides leadership and support for departments to strategize and develop physician compensation plans that are consistent with the Compensation Philosophy of the organization. Advises HMFP senior leadership, Chiefs, and CAO’s on physician compensation practices that are aligned with market best practices and benchmarking. Role will also support organization in developing and maintaining appropriate compensation levels for Advanced Practice Providers (APP’s). Position has a dual reporting relationship to the VP, CFO and CHROThe following statements are intended to describe the general nature and level of work being performed by individuals assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities and skills required of this positionDuties and Responsibilities
- Supports the organization and the departments with the development of physician compensation strategies and models which align with financial objectives, HMFP Compensation Philosophy, and incentivize physician productivity and performance.
- Supports departments and develops/distributes reporting tools which includes physician productivity and comparisons to benchmarks and variance analysis accordingly.
- Supports departments to conduct the evaluation and analysis of physician compensation using market data to determine competitive pay levels
- Continually analyzes the market and physician compensation practices as well as best practices with regard to model design and application to ensure market competitiveness.
- Consults with outside experts on physician compensation plan design to ensure plans are effective and up to date and consistent with market practices.
- Provides recommendations for improvements of physician performance based incentives.
- Identify opportunities and enhancements to physician compensation plans. This can include both quantitative and non-quantitative measures
- Partners with external consultants to determine the market and compensation practices of local competitors as well as best demonstrated practices with regard to application and management of the programs and practices.
- Insures that recommendation on compensation models are compliant with FMV guidelines, internally equitable, and the model structurally performs properly and consistently.
- Leads a variety of high-level compensation projects and studies for HMFP. These will include recommending components of physician compensation models and understanding how those components affect outcomes, cost, and reimbursement.
- Develop(s) communication materials required to communicate and understand compensation models.
- Supports the CFO and CHRO in preparation of documents and analysis for HMFP BOD Compensation Committee.
- Plays a key role in supporting recruitment and new business ventures involving compensation of physicians.
- Develops appropriate compensation measurements for various dimensions to monitor performance and variances. Directs and performing analysis of productivity by measuring visits, procedures, relative value units, charges and collections.
- Participates in the pro forma analysis calculations for physician staff additions, startup practices and potential practice acquisitions.
- Develops and communicates the process for managing compensation plans by working collaboratively with leadership to identify physician compensation issues and make effective recommendations.
- Develops, implements and evaluates financial physician compensation policies and procedures in collaboration with other finance leadership to ensure efficient transaction processing and to standardize practices and minimize future risks.
- Collaborates with human resources team to ensure physician compensation practices align with broader compensation and human resources practices and procedures.
- Develops and administers policies and procedures to accomplish department-specific and organizational initiatives.
- Supports the compensation work for other HMFP roles including but not limited to APP’s.
Qualifications and Personal AttributesA minimum of five years of progressively responsible experience in physician compensation that includes experiences in developing, implementing, and evaluating physician compensation strategies and productivity analysis.Bachelor’s degree required. Master’s degree in Business, Healthcare Administration, Human Resources, Organizational Development, or related field preferred.- Demonstrated leadership skills and abilities. Leadership experience should include healthcare compensation experience preferably with physician compensation.
- Knowledge of various types of physician compensation plans, compensation theories, and best practices.
- Knowledge of and skills in performing physician cost accounting analysis to improve practices.
- Skills in analyzing, interpreting, and reporting data to identify opportunities and trends. Skills in analyzing quantitative and qualitative material and reach sound conclusions.
- Excellent verbal and written communication skills. Ability to communicate and collaborate effectively with all levels of employees, management, executives, and other organizations. Demonstrated ability to explain complex financial issues to non-financial staff and leadership.
Competencies:- Decision Making: Decisions have significant, broad implications for the management and operations of a major department or multiple departments. Participates in decisions on overall strategy and direction of the organization.
- Problem Solving: Problems are broad, complex and abstract, often involving Medical Center-wide issues and requiring substantial creativity, resourcefulness, staff engagement, Lean diagnostic techniques, negotiation and diplomacy to develop solutions.
- Independence of Action: Sets direction and vision for major departments or multiple departments. Establishes priorities, develops policies and allocates resources.
- Written Communications: Ability to communicate complex information in English effectively in writing to all levels of staff, management and external customers across functional areas.
- Oral Communications: Ability to verbally communicate complex concepts in English and address sensitive situations, resolve conflicts, negotiate, motivate and persuade others.
- Knowledge: Ability to demonstrate in-depth knowledge of concepts, practices and policies with the ability to use in complex varied situations.
- Team Work: Ability to lead and direct multiple collaborative teams for large projects or groups both internal and external to the Medical Center, HMFP and across functional areas. Results have significant implications for the management and operations of the organization.
Social/Environmental Requirements:Work requires close attention to task to be accurately completed. Intermittent breaks during the work day do not compromise the work. Work requires constant response to changing circumstances and using new information to adjust approach and to quickly respond to new needs. No substantial exposure to adverse environmental conditions Health Care Status: NHCW: No patient contact.- Health Care Worker Status may vary by departmentSensory Requirements:Close work (paperwork, visual examination), Color vision/perception, Visual clarity <3 feet, Conversation, Monitoring Equipment, Telephone.Physical Requirements:Sedentary work: Exerting up to 20 pounds of force frequently to move objects. Sitting most of the time, with walking and standing required only occasionally.The job requires constant sitting, keyboard use, frequent grasping and fine manipulation using on - 1 Month Ago
Compensation & Benefits Administrator
- Schwartz Farms, Inc.
-
Herington, KS
FULL_TIME
- Become a part of the #bestteamever! ESSENTIAL FUNCTIONS: The Compensation & Benefits Administrator coordinates and manages the employee compensation and benefits programs, ensuring both are strategica...
- 14 Days Ago
Compensation & Benefits Manager
- EMBERHOPE, INC
-
Wichita, KS
FULL_TIME
- LOCATION: 1140 E 47th St S, Wichita, KS 67216 Find your fit. Ignite your passion. Change a life. Everyone has a calling that shapes them, and it looks different for each person, but the passion remain...
- 1 Day Ago
Regional Driver (Class A CDL) Home Weekends, Compensation over $100k your FIRST YEAR
- JACAM CATALYST CAREERS
-
Sterling, KS
FULL_TIME
- Position Summary: Regional Drivers for Jacam Catalyst, LLC will drive a dedicated route, transporting hazardous materials to company locations regionally and across the United States. Safely and respo...
- 8 Days Ago
Residence Director (Executive Director)
- Regent Park Assisted Living and Memory Care
-
Wichita, KS
FULL_TIME
- Legend Senior Living is proud to be recognized as a Certified Great Places to Work 5 years in a row! Regent Park Assisted Living and Memory Care is proud to be part of the Legend Senior Living family ...
- 14 Days Ago
Residence Director (Executive Director)
- Legend of Hutchinson
-
Hutchinson, KS
FULL_TIME
- Legend Senior Living is proud to be recognized as a Certified Great Places to Work! Legend of Hutchinson is proud to be part of the Legend Senior Living family and we are hiring! A career with us mean...
- 22 Days Ago
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0 Compensation Director jobs found in Wichita, KS area
Executive Director
- Moments Hospice
-
Goddard, KS
- Job Description Job Description Job descriptionMoments Hospice is a leading hospice organization determined to change th...
- 4/22/2024 12:00:00 AM
Commercial Lending Director
- Capfed
-
Wichita, KS
- Commercial Lending Director page is loaded Commercial Lending Director Apply locations Topeka, KS Wichita, KS time type ...
- 4/22/2024 12:00:00 AM
Director of Nursing
- Career Strategies
-
Wichita, KS
- Position Title: Director of Nursing (DON)Job Summary:The Director of Nursing (DON) is responsible for the overall manage...
- 4/22/2024 12:00:00 AM
Executive Director
- Homestead Estates Wichita Operations, LLC
-
Wichita, KS
- Job Summary The Executive Director is required to effectively manage, direct and administer the organization in accordan...
- 4/21/2024 12:00:00 AM
Tax Director
- SC & Hansen CPAs
-
Wichita, KS
- Job Description Job Description We are a boutique public accounting firm seeking to open an office in Wichita, TX. We ar...
- 4/21/2024 12:00:00 AM
Lifestyles Services Director
- Andover Court
-
Andover, KS
- Position Details Employment Status: Full-Time Shift: Varies Position Summary The Lifestyles Services Director plans, org...
- 4/21/2024 12:00:00 AM
Home Health Executive Director
- FC Compassus LLC
-
Wichita, KS
- "I enjoy coming to work every day knowing that what we do can have a positive impact on our patient. Our ability to help...
- 4/21/2024 12:00:00 AM
Interim Traveler - Director of Infection Prevention
- Ascension
-
Wichita, KS
- Details Department: Ascension Internal Travel Program Schedule: Monday-Friday, 40 hours per week Hospital: St. Francis p...
- 4/18/2024 12:00:00 AM
About Wichita, Kansas
Downtown Wichita is at 37°41′20″N 97°20′10″W / 37.68889°N 97.33611°W / 37.68889; -97.33611 (37.688888, −97.336111), at an elevation of 1,299 feet (396 m). Wichita is in south-central Kansas at the junction of Interstate 35 and U.S. Route 54. Part of the Midwestern United States, it is 157 mi (253 km) north of Oklahoma City, 181 mi (291 km) southwest of Kansas City, and 439 mi (707 km) east-southeast of Denver.
The city lies on the Arkansas River near the western edge of the Flint Hills in the Wellington-McPherson Lowlands region of the Great Plains. The area's topography is characterized by...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Compensation Director jobs
$165,930 to $218,120
Wichita, Kansas area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does a Compensation Director do?
Compensation Director in Santa Barbara, CA
The Office of the Provost is responsible for all faculty hiring and compensation decisions, though much of the hiring, performance assessment, and compensation decisions are made at the level of the academic schools by deans or their designees.
December 26, 2019
Compensation and Benefits Managers plan, direct, or coordinate compensation and benefits activities of an organization.
January 06, 2020
Compensation Director in Cedar Falls, IA
Depending on the employer, compensation and benefits management may be split into two positions rather than be handled by a single manager.
December 16, 2019
Compensation Director in Nashville, TN
A customer’s new supplier will be required to pay the compensation if the switch is delayed or happens by mistake.
January 30, 2020