Compensation Strategy Lead

1 week ago

Marietta, Georgia, United States WellStar Health System Full time
Job Summary:

WellStar Health System is seeking an experienced Executive Director Compensation Specialist to lead the design, execution, and management of System-wide compensation programs.

Key Responsibilities:
  • Counsel senior leaders on pay decisions, compensation practices, and policy and guidelines interpretation.
  • Guide the decision-making process and outcome by providing detailed analysis/models, innovative recommendations, and expert advice to management and HR executives.
  • Establish and maintain equitable pay structures.
  • Evaluate new job classifications based on job descriptions and approve salary grade assignments.
  • Ensure requests for upgrades, title changes, etc. are addressed in a timely and equitable manner.
Compensation Program Design and Administration:
  • Oversee annual implementation and administration of compensation programs and systems, including merit, market and equity analysis, and recommendations and adjustments.
  • Manage staff in conducting and analyzing salary surveys to determine placement of job classification into salary scales, including scales adjustment as needed.
  • Participate in the annual budgeting process for salary recommendations.
  • Implement and communicate classification adjustments as authorized by administration.
  • Recommend pay policies and special compensation programs to attract, retain, and motivate staff.
  • Establish annual merit pools and guidelines to reward employee performance.
  • Complete periodic and annual management reports and provide compensation information to administration as requested.
  • Manage maintenance of merit records, conducting audits and communication.
Executive Compensation Program:
  • Partner with the Board of Trustees Compensation Committee and independent consultant regarding executive compensation plans and programs requiring Compensation Committee review and approval.
  • Provide materials and support for presentation to the Compensation Committee of the Board of Trustees.
  • Partner with Third-Party Consultant and Talent Acquisition leaders and Executive Vice Presidents with total compensation offers for incoming executives.
Regulatory Compliance:
  • Advise, recommend, and interpret federal and state laws to ensure WellStar Health System complies with regulations.
  • Stay abreast of federal and state laws to ensure compliance.
  • Educate department managers and other members of WellStar Health System about regulatory issues affecting employment, compensation, payment of wages, etc.
  • Investigate employee complaints and/or department managers' requests regarding regulatory issues.
  • In collaboration with Legal, Accounting, Tax, Internal Audit, and third-party administrators, ensure accurate reporting, budgeting, and compliance with all applicable laws and regulations regarding compensation and related issues.
Metrics and Reporting:
  • Partner with analysts and performance management team to gather and report HR-related metrics pertaining to system goals and incentive plans.
  • Participate in external market salary surveys as approved and supported by executive leadership.
  • Support preparation of annual board reports.
  • Support preparation for Board of Trustees Compensation Committee meetings.
Incentive Plan Management:
  • Design and manage the administration of incentive plans.
  • Calculate and communicate incentive payments.
  • Ensure timely payment.
Requirements:
  • Bachelor's Degree in business administration, Human Resources, Finance, or related degree Required and Master's Degree Preferred.
  • Minimum 5 years of compensation planning and development Required and Minimum 3 years management experience Required and Experience in design and implementation of executive compensation models and support of key executive leadership in compensation program design Required and Experience in healthcare setting Preferred.

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