Compensation Manager leads the development, implementation, and administration of compensation programs, policies, and procedures. Manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, pay program administration and other associated initiatives. Being a Compensation Manager ensures that base pay, incentive pay and performance management programs remain competitive and conform to current compensation strategy. Directs data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Manager requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Compensation Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
DHR Health - US:TX:Edinburg - Days
MISSION STATEMENT:
Our Mission is to improve the well-being of those we serve with a commitment to excellence: every patient, every encounter, every time.
VISION:
Our Vision is to create a world-class health system to advance medicine and increase access for the communities we serve by empowering caregivers to heal through compassion, knowledge, innovation, integrated care and excellence.
POSITION SUMMARY:
The compensation manager is responsible for managing hospital wide compensation functions. The compensation manager plans, develops and implements new and revised compensation programs, policies and procedures that align with the overall hospital pay practices. The compensation manager is responsible for facility compensation policies to establish competitive rates designed to attract and retain employees. Prepare audits program for legal compliance and ensures internal equity. The compensation manager is responsible for conducting cost analysis and market trends for overall hospital compensation program. The compensation manager must comply with governmental regulations and internal policies and pay practices while administering the hospital’s compensation program. This position manages all employees of the compensation department and is responsible for compensation recommendations for new and existing positions.
POSITION EDUCATION/ QUALIFICATIONS :
3 years of experience working in the human resources field, including HR analytics
JOB KNOWLEDGE/EXPERIENCE :
POSITION RESPONSIBILITES:
· Other duties as assigned
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