Compensation Specialist
1 month ago
OPEN Health is seeking a skilled Compensation Specialist to join our team. As a key member of our People function, you will play a critical role in designing and implementing compensation programs that drive business results and support our employees' growth and development.
Key Responsibilities:
- Assist in the operational delivery of day-to-day compensation activities, including role pay grade assessments, market benchmarking, and salary recommendations.
- Manage global benefits programs, including ownership of the open enrollment process in the US.
- Lead the review of benefits provision globally to ensure OPEN Health remains competitive and that the offerings are well understood and communicated effectively.
- Participate in compensation surveys to analyze the competitive market position for each in-country location.
- Assist with annual pay review process and off-cycle increases, along with job evaluations, data analytics, and data quality checks.
- Owning the entry and management of compensation-specific data entry into the HRIS system (Success Factors), inclusive of job mapping, job code/job profile creation, and pay grades.
- Assist with the review of new and existing job descriptions against levels/job hierarchy and supporting Talent Engagement in developing competitive compensation offers for new hires.
- Participate in special projects as assigned, including pay grades and career ladders review and any new platform implementation/enhancements.
- Support with employee recognition platform administration.
- Maintain a solid understanding of global legislation that may affect benefit and compensation policies to ensure programs are legal and compliant.
Requirements:
- Detailed experience of benchmarking, job analysis, market pricing preferably in the pharma/healthcare sector.
- In-depth knowledge and experience of global benefits with specific US benefits management, including Healthcare and Retirement plans.
- Experience of delivering US Open Enrollment, managing renewals, and owning broker and carrier relationships.
- Must have advanced Excel skills and the ability to analyze data and present in an effective way to support decision-making.
- Exceptional analytical and organization skills with the ability to work independently and interact effectively with all levels of management.
- Proactive approach, and ability to be resilient at times, while maintaining a high level of confidentiality.
- Proven record of providing excellent customer experience to all compensation and benefits-related queries.
- Project management skills with the ability to manage multiple priorities and deadlines.
- Proficiency in MS365, including Word, PPT, Outlook, and Teams.
- Proficiency in HRIS, payroll, and data analysis tools.
- Strong attention to detail and project management skills.
- Excellent communication, interpersonal, and consultative skills.
About OPEN Health
OPEN Health unites deep scientific knowledge with wide-ranging specialist expertise to unlock possibilities that improve health outcomes and patient wellbeing. Working in partnership with our clients, we embrace our different perspectives and strengths to deliver fresh thinking and solutions that make a difference.
OPEN Health is a flexible global organization that solves complex healthcare challenges across HEOR and market access, medical communications, and creative omnichannel campaigns.
What we offer:
- Competitive pay, generous paid vacation and holidays, and health insurance programs across all our locations.
- Ongoing training and development opportunities which foster and shape your individual career path.
- An active and growing commitment to bettering the communities our employees call home through our Corporate Social Responsibility program.
- The opportunity to thrive in a global, collaborative environment while working every day to improve health outcomes and patient wellbeing.
- Diverse, inclusive culture that encourages you to bring your whole self to work.
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