Accountable for the daily operations of the Compensation functions and team management. Liaison among cross-functional groups and departments. Responsible for the design, implementation, and administration of compensation pay strategies that support organizational goals and objectives and includes job evaluations, job description management, incentive programs, and compensation planning. Maintains a total rewards pay program that is competitive, objective, equitable, and rewarding. Ensure the organizations compensation philosophy and guiding principles for base and variable pay programs are designed to attract, retain, and motivate high performing individuals.
Lead the analysis and design of new compensation programs. Develop sound practices relating to job analysis, salary surveys, benchmarking reviews, salary grades structures, and base pay administration.
Maintain a three year compensation review cycle by evaluating every position or job family for market competitiveness and internal equity. Prepare rate adjustments recommendations for approval.
Ensure our compensation practices drive our diversity, equity, and inclusion outcomes through thoughtful and innovative approaches to every phase of the Total Rewards Compensation cycle.
Collaborate with the operational leaders and HR business partners to develop and review job descriptions, compensation plans, and other compensation initiatives.
Oversee the annual planning, execution, and review of salary adjustments, merit, and bonus programs. Prepare cost modeling and impact analysis of various scenarios to assist leadership in decision-making process.
Monitors trends and regulatory developments in the external market that impact our compensation programs.
Direct the job evaluation process and compensation analysis requests to ensure timeliness of responses to our business partners and leaders.
Maintain the third-party compensation survey data and market pricing applications current and utilize the compensation software tools to its fullest potential.
Develops, implements, and administers annual, quarterly and ad hoc bonus programs. Ensures bonus programs are communicated and distributed accurately. Conducts regular analyses to determine effectiveness and financial impact of programs.
Develop and maintain effective communication strategies to drive employee awareness and understanding of compensation programs.
Lead, coach, train, and develop a team of motivated, bright and highly competent compensation professionals including succession planning.
Develops appropriate metrics and tracking mechanisms to measure results, satisfaction, and cost effectiveness of all programs. Ensuring it’s achieving the desired results.
Bachelor's Degree HR Management, Information Systems, Business Administration, Finance, or other related field
3+ years as a Compensation Manager with experience in leading a team
5+ years of experience in administration of compensation plans
Advanced experience in compensation analytics, benchmarking principles, job evaluations methodologies, financial modeling, and utilizing compensation survey tools
Experience with advanced Excel, PeopleSoft HCM, or other major equivalent HRIS systems
Healthcare industry preferred.
Knowledge of compensation principles (salary structures, pay grade ranges, and job slotting).
Understands applicable laws including DOL, FLSA, and other related regulatory requirements.
Excellent negotiation and consulting skills.
Experience with project management approaches, tools, and phases of the project lifecycle.
Nicklaus Children’s Health System, is the region’s only healthcare system exclusively for children. In addition to Nicklaus Children’s Hospital and a growing number of outpatient centers located throughout the tri-county area, the health system includes Nicklaus Children’s Hospital Foundation, the organization’s fundraising arm; Nicklaus Children's Pediatric Specialists, a nonprofit physician practice subsidiary; a management services organization, and an ambulatory surgery center. Our vision is to be where the children are. Ultimately, this means being there through all stages of health and life, both physically and emotionally. To be a trusted partner to children and their families, not only in times of illness, but throughout their life journey. Our mission is to inspire hope and promote lifelong health by providing the best care to every child.