Sr. Compensation Partner

About the role

Senior Compensation Partners conduct a variety of organizational compensation services, including market analysis, equity studies, and job evaluations. They partner closely with Compensation Consultants, providing strong analytical support to the organization through market analysis, equity studies and job evaluations.

Responsibilities

• Partner closely with Compensation Consultants, providing strong analytical support to the organization through market analysis, equity studies and job evaluations.
• Determine fiscal impact, develop recommendations, and indicate risk associated with changes in compensation matters.
• Present recommendations to business leaders under the general guidance of Compensation leadership and/or Compensation Consultants.
• Grow and manage relationships with BSMH leaders, building an understanding of business operations and business needs to provide innovative solutions for compensation-related matters.
• Lead and/or support compensation services, including annual reward cycle execution, organizational design, and new compensation program implementations.
• In support of Executive Compensation, this may include short- and long-term incentive and SERP evaluation and administration, including accruals and vendor management.
• Participate on cross-functional project teams in the design, recommendation, and implementation of new or existing pay practices to ensure market competitiveness, internal equity, and consistency.
• Lead small to mid-size projects and collaborate with Compensation leadership and Consultants to support large projects.
• Aid in developing, updating, and maintaining compensation policy and procedure documentation, including documentation of all incentive, premium, and special pay programs.
• Interpret compensation policies, procedures, collective bargaining agreements and related labor laws and regulations under the general guidance of the Compensation Director.
• Provide counsel on compensation-related practices, laws and regulations.
• Prepare a variety of Human Resources reports and audits, as requested, using an Access Database, Excel, or the HRIS system.
• Work collaboratively within the Compensation team to proactively identify and recommend process improvements, as well as communicate compensation activity and/or best practices, to assure consistency and quality of compensation programs within BSMH.

Qualifications

• Required Minimum Education: 4 Year/ Bachelor’s Degree or equivalent experience - Business, Human Resources, Accounting/ Finance or other related field
• Preferred Minimum Qualifications: Minimum Years And Type Of Experience 3+ years of experience in compensation theory and practice, job evaluation methodologies, FLSA, and regulations related to Compensation
• Previous experience using a personal computer and various software packages (e.g. Access, Excel, Word, PowerPoint, etc.) is required.
• 1+ year healthcare experience, Workday experience, job pricing tool (Payfactors, MarketPay, etc.) experience
• 1+ years of experience in compensation theory and practice, job evaluation methodologies, FLSA, and regulations related to Compensation

Benefits

Competitive pay, incentives, referral bonuses and 403(b) with employer contributions (when eligible)

Medical, dental, vision, prescription coverage, HSA/FSA options, life insurance, mental health resources and discounts

Paid time off, parental and FMLA leave, short- and long-term disability, backup care for children and elders

Tuition assistance, professional development and continuing education support