Compensation Manager jobs in Wichita, KS
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)
Recently Added Compensation Manager 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...
- 10 Days 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...
- 4 Days Ago
Manager
- Rib Crib BBQ, Inc.
-
Wichita, KS
FULL_TIME
- DescriptionGeneral Summary: Supports the General manager by providing direction and support to hourly employees within franchised or corporate establishments by either performing or supervising the fo...
- 14 Days Ago
Manager
- Subway - 13860-0
-
Scott, KS
FULL_TIME
- As part of the Subway® Team, you as a Manager will focus on eight main things: Providing an excellent guest experience Ensuring that great food is prepared & served Keeping our restaurants funct...
- 15 Days Ago
Manager
- Rib Crib BBQ, Inc.
-
Garden, KS
FULL_TIME
- DescriptionGeneral Summary: Supports the General manager by providing direction and support to hourly employees within franchised or corporate establishments by either performing or supervising the fo...
- 1 Day Ago
Filters
- Current Active Filter
- Wichita, KS
Clear All
- Filter Jobs By posted time
- Within 1 Day
- Within 2-7
- Within 1 Month
- Within 3 Months
0 Compensation Manager jobs found in Wichita, KS area
HR Manager
- Health Ministries Clinic
-
Newton, KS
- We are looking for a Human Resources Manager to help manage the daily transactions of the human resource department, per...
- 4/18/2024 12:00:00 AM
Travel Physical Therapist-Michigan
- Hiring Now!
-
Wichita, KS
- Overview: Explore ATI (Passport and Launch) are travel programs for physical therapists that offers short term and long ...
- 4/18/2024 12:00:00 AM
Human Resources Business Partner I
- OneMCI
-
Wichita, KS
- Wichita, KS Full-Time Salary + Bonus $30000 - $40000 / year MANAGEMENT: Paid Time Off, Medical, Dental, Vision, Life Ins...
- 4/14/2024 12:00:00 AM
Human Resources Business Partner III
- OneMCI
-
Wichita, KS
- Wichita, KS Full-Time Salary + Bonus $45000 - $60000 / year MANAGEMENT: Paid Time Off, Medical, Dental, Vision, Life Ins...
- 4/14/2024 12:00:00 AM
Human Resources Specialist
- OneMCI
-
Wichita, KS
- Wichita, KS Full-Time Salary + Bonus $30000 - $40000 / year MANAGEMENT: Paid Time Off, Medical, Dental, Vision, Life Ins...
- 4/14/2024 12:00:00 AM
Human Resources Business Partner III
- MCI Military Recruitment
-
Wichita, KS
- POSITION OVERVIEW: HUMAN RESOURCE BUSINESS PARTNER SUPPORTING MULTIPLE NORTH AMERICA LOCATIONS Grow your skill-sets or s...
- 4/14/2024 12:00:00 AM
Human Resources Business Partner II
- MCI Military Recruitment
-
Wichita, KS
- POSITION OVERVIEW: HUMAN RESOURCE BUSINESS PARTNER SUPPORTING MULTIPLE NORTH AMERICA LOCATIONS Grow your skill-sets or s...
- 4/14/2024 12:00:00 AM
Human Resources Manager
- Park Aerospace Corp.
-
Newton, KS
- Job Description Job Description Park Aerospace is looking for a Human Resources Manager. In this role you will perform H...
- 4/14/2024 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 Manager jobs
$124,047 to $165,093
Wichita, Kansas area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does a Compensation Manager do?
Compensation Manager in Saint Cloud, MN
In order to successfully perform as a Compensation Manager, you must be up-to-date with current federal and state compensation policies, regulations and prevailing wage rates.
December 29, 2019
We ranked the top skills based on the percentage of Compensation Manager resumes they appeared on.
January 05, 2020
Compensation Manager in Salt Lake City, UT
Considering a career as a Compensation Manager? Find out all you need to know to decide whether this career is right for you.
February 02, 2020
Compensation Manager in High Point, NC
When an employee is hired or terminated, the compensation manager is customarily part of the procedure.
January 12, 2020