Compensation Program Manager - On-Site - Lawrenceville, NJ

About the role

The Compensation Program Manager supports the compensation planning, development, administration and reporting for Capital Health’s nursing, clinical services and ambulatory diagnostics groups. Assists the Director Total Rewards in the design, development, implementation, and maintenance of Capital Health's compensation programs. Responsible for analyzing market data, participating in compensation surveys, and providing expert support and advice and recommendations to ensure competitive and fair compensation practices. Collaborates with managers, senior leaders, and across Human Resources, to develop and administer effective compensation strategies that attract, develop, and retain employees for the nursing and physician groups. Supports project work and process improvement. Maintains highest level of confidentiality, regulatory compliance, accuracy and data integrity.

Responsibilities

• Provides compensation support and consultation for the high critical areas for Nursing and other healthcare departments.
• Assist the Director Total Rewards in delivering compensation strategies and programs that support our strategic objectives. Also assist in the development of Job Architecture.
• Conducts in-depth analyses and modeling for compensation programs, including annual budgets, competitive assessments of pay trends and impacts, and equity utilization.
• Participates in market-based compensation surveys and evaluates market and economic trends. Responsible for the salary survey submission process and tracks surveys and due dates. Prepares compensation profile, position matches and data compilation. Maintains employee and survey data.
• Collaborate and partner with the HR Business Partners, Talent Acquisition team and HR Service Center and other key business stakeholders to provide recommendations and ensuring compensation deliverables are processed in a timely manner.
• Develops tools (reports, dashboards, etc.) that model, interpret, analyze, and present external and internal data and to be used for decision making.
• Identifies market movement trends, assesses gaps in current programs and processes as needed, and recommends changes. Works in partnership with other Compensation Manager to administer special market adjustments and annual increases accurately on time and within budget.
• Conducts market analysis for individual employees/groups and develops recommendations for pay adjustments, promotional or developmental increases, and hiring ranges, as needed.
• Manages compensation programs and projects with a high level of autonomy and innovation.
• Responsible for ongoing creation and maintenance of job profiles, compensation grade profiles, and internal resources utilized by Compensation Center of Excellence (COE) for the purpose of organizing, comparing, and categorizing jobs in reports and analyses. Ensures all roles follow established job architecture, maintaining the integrity of the structure within the Workday system.
• Evaluates jobs based on job descriptions, written to organizational standards, to determine proper slotting into salary structure and grade based on peer comparisons and market data.
• Interprets, communicates, and educates HRBPs and other human resources staff on compensation policies and procedures to ensure smooth ongoing operations and to improve the success of HR and organizational initiatives.
• Conducts regular audits of HRIS data, ensuring data accuracy related to