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Director of Compensation

1 month ago

Springfield, United States Baystate Health Full time

The role of leaders at Baystate Health is, first and foremost to, work “Together to Deliver a Higher State of Caring” for our diverse patients, community and staff. Baystate Leaders are expected to act as dynamic stewards of the organization and to engage people in meaningful work that calls on each person to contribute what they do best in order to ensure organizational success. It is especially important that our leaders act in a way that demonstrates compassion, inclusiveness and raising the standard of excellence. Baystate Health is committed to the development and growth of its leaders and expects that its leaders, in turn, are committed to their own development and growth as well as that of all employees. Baystate Leaders continuously develop the competencies that better enable them to envision purpose, engage people and execute productively, thus allowing us to fulfill our mission and achieve our vision of transforming Healthcare.

Envisioning Strategy: Communicate a compelling vision of the organization’s future and effectively translate that into Divisional/Departmental and Individual goals.

Engaging People: Recruit, develop and position people utilizing their strengths. Create and promote an inclusive environment in which people are actively engaged, included and inspired to do their best to continuously improve individual and organizational effectiveness.

Executing to Achieve Results: Implement complex plans to achieve results through others with creative and sustainable solutions.

Summary:

The Director of Compensation requires an understanding of human resources and healthcare operations. The position does allow for primary remote work for an individual within a commutable distance from Springfield, MA. The director is responsible for overseeing the development and implementation of compensation plans for all Baystate Health employees staff, providers and executives. This includes creating policies related to salary, benefits, bonuses, etc., as well as managing the process by which these plans are implemented. The director oversees also creates and keeps current all compensation plan documents and oversees a team that includes analysts, consultants and program managers.

  • Overseeing the development and implementation of the Baystate Health compensation philosophy, policies, and procedures with transparency and less complexity as a goal

  • Communicates with other human resources departments and team members, so they are able to explain compensation-related topics in a way that leaders, providers and employees can understand as to how the Baystate Health’s compensation system works

  • Coordinates the implementation of all annual compensation programs such as annual base pay increases, COLA, incentive and variable compensation plans, executive compensation review and equity/market review and adjustments

  • Reviewing salary data from external sources such as industry surveys to determine what salaries are appropriate for various positions within the company

  • Oversees the updating and the consistent utilization of the Baystate Health external benchmarking database such as Pay Factors

  • Evaluating and recommending annual pay increases, bonuses program, and BH Administrative Variable Compensation Plan as well as Provider Incentive Plans to retain and drive the performance of existing employees and recruit new team members to the enterprise

  • Monitoring employee turnover rates and exit interview data to determine whether compensation and market position are influencing these key HR metrics

  • Maintain an update to date working knowledge of laws and regulations regarding discrimination in compensation practices to ensure compliance with legal standards

  • In collaboration with Director Employee Relations and Staff Attorney recommending changes to the BH compensation policies based on new laws or best practices

  • Ensuring that all employees are treated fairly and consistently with regard to compensation decisions and practices

SCHEDULE:

  • Full time

LOCATION :

  • Springfield, MA

  • Commutable remote

THE ADVANTAGES OF WORKING WITH BAYSTATE

  • Excellent Compensation High-quality, low-cost medical, dental and vision insurance

  • Generous PTO and Bonus plan

  • Continuing education support and reimbursement

  • First Time Home Buyers Financial Packages

  • Farm Share Memberships

  • 403b retirement company match & annual company contribution increase based on years of service

  • Free money coach advice from a certified professional

  • Wellbeing programs that include but are not limited to mental, physical, and financial health

  • Pet, home, auto and personal insurance

  • Life insurance

  • Reimbursement for a variety of wellbeing activities, included but limited to gym membership and equipment, personal trainer, massage and so much more

  • Wellbeing programs that include but are not limited to mental, physical, and financial health

Baystate Health, western Massachusetts’ only academic center and tertiary care provider has a long and proud tradition of continuous learning and improvement. We educate and train hundreds of healthcare workers every year and advance knowledge about new approaches to care. At Baystate Health we know that treating one another with dignity and equity is what elevates respect for our patients and staff. We are committed to increasing diverse representation across our organization. Together our inspired and compassionate teams manage the whole health needs of all communities in need.

QUALIFICATIONS:

  • Bachelor’s degree in human resources, business or related healthcare field required. A master’s degree in business administration (MBA) or HR is preferred

  • Demonstrated programmatic systems experience with the current HRIS system (Workday) as well as implementation experience of HR applications.

  • Past experience includes progressive advancement as a compensation analyst or compensation manager previously

  • Experience should include physician and executive compensation in addition to exempt and non-exempt staff and leadership

  • Additional applicable experience in human resources or as a financial analyst helpful

  • Workday, Payfactors and Service Now experience a plus

  • Ideal capabilities and competencies include a strong foundation in HR operations, technical expertise Excel

  • Strategic thinking, leadership abilities, and excellent interpersonal skills to drive HR excellence and contribute to the overall success of Baystate Health

  • Possess exceptional analytical skills to interpret HR data, identify trends, and make data-driven decisions

  • Adept at solving complex HR problems, mitigating risks, and driving continuous improvement in HR operations through innovative solutions

We strive to be the place where we can help you build the career you deserve – apply today – YOU belong at Baystate

OUR COMPENSATION PHILOSOPHY

We offer competitive total compensation that includes pay, benefits, and other recognition programs for our employees. The base pay range shown above considers the wide range of factors that are considered in making compensation decisions including knowledge/skills; relevant experience and training; education/certifications/licensure; and other business and organizational factors. This base pay range does not include our comprehensive benefits package and any incentive payments that may be applicable to this role.

You Belong At Baystate

At Baystate Health we know that treating one another with dignity and equity is what elevates respect for our patients and staff. It makes us not just an organization, but also a community where you belong. It is how we advance the care and enhance the lives of all people.

DIVERSE TEAMS. DIVERSE PATIENTS. DIVERSE LOCATIONS.

Education:

Bachelor of Science: Human Resources Management (Required), Master of Business Admin: Human Resources Management

Certifications:

Certified Compensation Professional - Other, Human Resource Professional - Society of Human Resource Management

Equal Employment Opportunity Employer

Baystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.

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Ab out Baystate Health

Baystate Health (BH) is one of New England’s leading and largest integrated health care organizations, serving a population of nearly one million people throughout western New England. With roots dating back to the founding of Springfield City Hospital in 1873, Baystate Health has been providing high-quality and compassionate health care in western Massachusetts for more than 145 years. With more than 12,000 employees, a medical staff of nearly 3,100 physicians, and a net patient service revenue of more than $1.4 billion, the ever-growing health system includes five Massachusetts hospitals and the Baystate Mary Lane Outpatient Center in Ware:

  • Baystate Medical Center in Springfield

  • Baystate Children’s Hospital (located at Baystate Medical Center)

  • Baystate Franklin Medical Center in Greenfield

  • Baystate Wing Hospital in Palmer

  • Baystate Noble Hospital in Westfield