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Compensation Manager

2 months ago

Erlanger, United States St. Elizabeth Healthcare Full time

Engage with us for your next career opportunity. Right Here.

Job Type:

Regular

Scheduled Hours:

40

Job Summary:

The Manager of compensation will exercise independent judgment and decision-making discretion, while being responsible for supporting the creation, administration and maintenance of compensation philosophy and programs for the healthcare system. Act in a leadership role to ensure that St. Elizabeth’s compensation program remains fair, consistent, competitive, and compliant with applicable laws and regulations and support the organization’s mission, values, and strategic initiatives.

Demonstrate respect, dignity, kindness, and empathy in each encounter with all patients, families, visitors and other employees regardless of cultural background.

Job Description:

Manage and coaches’ subordinates.

  • Trains, develops, coaches, counsels, assigns duties and work schedules.
  • Evaluates job performance and reviews performance appraisal with personnel.
  • Initiates or recommends necessary counseling, disciplinary actions, termination, and commendatory actions.
  • Delegates and checks assignments and projects.
  • Prioritizes and delegates tasks and projects within the department. 

Utilize advanced compensation knowledge and analytical skills update, maintain, and modernizes the compensation philosophy:

  • Determine appropriate salary levels according to guidelines, policies, and strategic objectives.
  • Analyze survey data for market adjustments and pay premiums and recommend changes to ensure the maintenance of the organization's competitive position in the marketplace.
  • Oversee job ladders, career pathing and define size and scope of work for titles.
  • Perform budget and costs analysis related to proposed compensation adjustments and changes.
  • Identify and address compression, equity or compensation issues while remaining aligned to our compensation philosophy.
  • Ensures compliance with wage and hours laws and advises management on appropriate action.

Oversee system wide compensation projects, communications efforts and documentation processes for annual or ad hoc projects:

  • Gainsharing 
  • Management Incentive
  • Tenure Increase / Tenure Lump Sum
  • Market Adjustments
  • FLSA changes
  • Appreication or Bonus payments

Act in a leadership role by providing technical guidance on more complex compensation issues:

  • Develops, promotes and maintains professional relationships, both internally and externally.
  • Provide instruction and answers questions, so others on the Compensation/Benefits/HR team can complete tasks quickly and effectively.
  • Represent the Compensation team with all levels of management as a subject matter expert.
  • Works with minimal supervision and is responsible for making a range of decisions, escalating and updating to the Director on a regular basis.
  • Interacts with Vendors/Mgrs./Dirs./VP’s to coordinate compensation plans.
  • Provide consultation to other departments/ SEP when needed. 
  • Serve as a resource to HRBPs and managers in the review of job descriptions and assist in developing final descriptions while maintaining consistency of descriptions throughout the system.

Oversees and manages the creation, maintenance, evaluation and sunsetting of premium pays programs.

  • Evaluates new pay premiums for need, cost, and viability.
  • Maintains current premium pay programs, eligibility and pay premiums.
  • Evaluates annual costs and effectiveness of programs

Performs other duties as assigned.

Education, Credentials, Licenses:

  • Bachelor’s degree in human resources, Business Administration, or Finance

Specialized Knowledge: 

  • Understand complex data and see the bigger picture.
  • Knowledge of HRIS systems.       
  • Thorough working knowledge of Excel, Word, and Power Point.
  • Proven ability to utilize Excel advanced features in complex spreadsheet analyses.
  • Mathematical skills
  • Analytical skills
  • Organizational skills
  • Good interpersonal / Customer Service skills

Kind and Length of Experience: 

  • 3+ years of compensation experience
  • At least 1 year of managerial experience, including demonstrated leadership experience and supervisory skills.           

FLSA Status:

Exempt

Right Career. Right Here. If you're looking for the right careers in healthcare, the right place to be is at St. Elizabeth. Join us, and you'll take pride in the level of care we offer our community.