Senior Compensation Consultant
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Job Description
Sr. Compensation Consultant at Gainwell analyzing compensation policies and programs for healthcare improvement. Collaborating with HR to design strategic compensation plans and ensure compliance.
Responsibilities:
- Serves as a compensation consultant to HR partners and management regarding compensation policies, programs and issues.
- May be a team lead for a practice area or unit within Compensation.
- Performs more complex analyses of jobs, wages, salaries and organizational structures to evaluate and ensure internal equity, external competitiveness and legal compliance of the unit's pay practices.
- Recommends and implements changes to salary ranges, budgets and/or policies.
- Considers internal and external factors and overall strategic plan.
- Designs and recommends variable compensation programs such as bonus plans, incentive compensation and sales compensation to management to meet the needs of the business unit and/or organization.
- Ensures plans are competitive while within the budgetary constraints and overall compensation strategy of the organization.
- Participates in the annual performance review and merit increase process.
- Develops program materials and counsels unit management on distribution of dollars based on performance reviews and addresses compensation related concerns.
- Reviews recommended salary adjustments for conformance to established guidelines, policies and practices.
- Approves and processes adjustments within established level of approval.
- Oversees and/or prepares compensation reports, programs and other initiatives and presents findings/recommendations to HR partners or management.
- Reviews existing and proposed statutory requirements governing compensation administration and recommends appropriate courses of action.
- Provides leadership and work guidance to less experienced personnel.
Requirements:
- Bachelor's degree or equivalent combination of education and experience Bachelor's degree in business administration, human resources, industrial relations, liberal arts or related field.
- Preferred Certification in Compensation.
- Eight or more years of compensation experience.
- Advanced Excel expertise, including complex formulas, modeling, and data analysis.
- Power BI proficiency for data visualization and business insights.
- Forecasting and predictive analytics experience to support compensation planning.
- Automation experience to streamline compensation processes and reporting.
- Ability to assess, evaluate, and deliver data driven recommendations for compensation decisions.
- Compensation reporting experience, including stakeholder ready outputs.
- Dashboard development experience to monitor trends, effectiveness, and outcomes.
- Experience leveraging Aon and Mercer surveys for submission, benchmarking, and competitive pay structure development.
Benefits:
- Opportunity to work on challenging, impactful projects leveraging the latest technologies.
- A collaborative and supportive team environment where your contributions are recognized.
- Access to resources and opportunities for continuous learning and skill development.
- Recognition for your technical expertise and problem-solving abilities.
- Career growth in a fast-paced, innovative organization.
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