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Director Compensation
4 weeks ago
Director Of CompensationThe Director is a key member of the HR team who collaborates with leaders across the enterprise to develop and refine the university's compensation philosophy and strategy. Reporting to the Associate Vice Chancellor for HR Compensation and Benefits, the Director will plan, design, and implement competitive and compliant compensation programs, lead transformation initiatives, and ensure our compensation offerings attract, retain, and motivate top talent. This role directs the compensation function/Center of Excellence (COE) for staff, faculty, and executive compensation across various schools, departments, and divisions including base pay, variable pay, and incentive plans ensuring fair and equitable practices. This role will plan, develop, and implement new and revised compensation programs, policies, and procedures to be responsive to the university's mission, goals, and evolving business needs. Additionally, you will manage and develop a high-functioning team, providing consulting and analytical services to HR and management on compensation-related policies, procedures, and practices.Primary Duties & Responsibilities:Compensation Program ManagementDesign, implement, revise, and manage the administration of compensation plans, programs, and structures that align with market trends and the university's tripartite mission of education, research, and patient care.Lead data-driven transformation initiatives and coordinate implementations with cross-functional teams.Lead a team of compensation professionals, setting direction for staff and supporting their growth and development.Lead compensation centralization activities to develop a COE in a quickly evolving and developing shared services environment.Ensure collection and reporting of key metrics/SLAs.Stakeholder Support and TrainingProvide advice, training, and education to various stakeholders, including leadership, faculty, and staff, on pay decisions, policy, and guideline interpretation, job evaluations, offers, and pay changes.Develop and refine consulting processes, procedures, and workflows to deliver services seamlessly in a COE model.Provides advice to the senior leadership team and Board members on compensation-related matters.Direct Compensation AdministrationLead the administration of direct compensation (executive, exempt, and nonexempt cash compensation programs, including variable pay/pay-at-risk plans) for the university.Oversee annual strategic compensation planning processes, including merit increases, executive compensation, surveys, and structure updates.Oversee the visiting learner function to ensure learners are appropriately vetted and categorized.Optimize Workday to achieve the best and highest use for the administration of compensation programs.Communication and ReportingEnsure compensation policies are effectively documented and communicated.Oversee the creation of high-quality deliverables and reports for executive-level discussions and presentations on compensation strategy.Market Trends and BenchmarkingMonitor compensation trends to stay informed about industry best practices and emerging strategies.Benchmark compensation programs against those of industry peers to ensure competitiveness and make necessary adjustments.Prepare reports and perform analysis of compensation data and programs to identify trends and opportunities for improvement.Compliance and DocumentationEnsure compliance with legal and regulatory requirements related to compensation.Stay apprised of federal, state, and local compensation laws and regulations to ensure organizational compliance.Working Conditions:Job Location/Working ConditionsNormal office environment.Alternative work schedules.Ability to move to on and off-campus locations.Physical EffortTypically sitting at desk or table.Repetitive wrist, hand or finger movement.EquipmentOffice equipment.Operate a motor vehicle.The above statements are intended to describe the general nature and level of work performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all job duties performed by the personnel so classified. Management reserves the right to revise or amend duties at any time.Required Qualifications:Bachelor's degree or combination of education and/or experience may substitute for minimum education.Ten years of comprehensive compensation experience, plus six years of progressively responsible leadership roles/experience in compensation.Knowledge of government regulations, including FLSA as they apply to base and incentive compensation programs, company policies, and academic operations.Preferred Qualifications:Master's degree or MBA.Knowledge of executive and faculty compensation.Experience in compensation consulting, large university, or academic medical center setting.CCP designation.Demonstrated success in multiple Human Resources functional areas within a fast-paced, technically focused environment is essential.Results-oriented, strategic thinker, innovative, and flexible in dealing with changing and ambiguous situations.Adept at working in a highly collaborative, decentralized environment, with a track record of accomplishment with measurable impact/results.Demonstrated success conducting comprehensive needs analysis, organization design and development initiatives, implementing change models, and developing organization structures while proactively driving ongoing optimization efforts.Effective project management skills, including successful leadership of projects from the planning phase through completion.Effective leadership skills including effective communication delivery, bottom line results orientation, consultative skills, partnership skills, and team building.Strong analytical and critical thinking skills are essential.Excels at building trusting relationships and influencing without direct authority.Excellent listener with strong EQ and diplomacy skills.Assertive personality with the ability to challenge others in a professional manner.Effective verbal, written, and interpersonal communication skills.Demonstrated mastery of Microsoft Office Suite.Hands-on leader capable of producing work with limited support.Working knowledge of federal, state, and local employment regulations.Grade: G00Salary Range: Base pay is commensurate with experience. The salary range reflects base salaries paid for positions in a given job grade across the University. Individual rates within the range will be determined by factors including ones qualifications and performance, equity with others in the department, market rates for positions within the same grade and department budget.For frequently asked questions about the application process, please refer to our External Applicant FAQ.If you are unable to use our online application system and would like an accommodation, please email CandidateQuestions@wustl.edu or call the dedicated accommodation inquiry number at 314-935-1149 and leave a voicemail with the nature of your request.All qualified individuals must be able to perform the essential functions of the position satisfactorily and, if requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship.All external candidates receiving an offer for employment will be required to submit to pre-employment screening for this position. The screenings will include criminal background check and, as applicable for the position, other background checks, drug screen, an employment and education or licensure/certification verification, physical examination, certain vaccinations and/or governmental registry checks. All offers are contingent upon successful completion of required screening.PersonalUp to 22 days of vacation, 10 recognized holidays, and sick time.Competitive health insurance packages with priority appointments and lower copays/coinsurance.Take advantage of our free Metro transit U-Pass for eligible employees.WashU provides eligible employees with a defined contribution (403(b)) Retirement Savings Plan, which combines employee contributions and university contributions starting at 7%.WellnessWellness challenges, annual health screenings