Director of HR - Compensation - Human Resources

About the position

The position involves leading the implementation and enhancement of a comprehensive compensation strategy that aligns with healthcare industry standards and organizational goals. The role includes overseeing the planning, development, and administration of various compensation programs such as base pay, incentives, bonuses, merit increases, and salary reviews. Additionally, the position requires refining pay scales, job classifications, and salary ranges to ensure market competitiveness and internal equity. The candidate will implement and maintain job evaluation, job hierarchy, and job description processes, ensuring alignment with compensation standards. Conducting salary benchmarking and analyzing compensation trends to ensure equitable and competitive pay practices is also a key responsibility. The role involves providing expert guidance to HR and leadership on compensation policies, internal equity, market adjustments, regulatory compliance, new hire offers, and incentive plans. The candidate will serve as a subject matter expert in compensation, partnering with HR and leadership to solve compensation challenges and ensure effective communication. Preparing detailed compensation reports for senior management to inform strategic and budgetary decisions is essential. Staying updated on compensation laws and trends to ensure compliance with federal, state, and local regulations, including FLSA, Equal Pay Act, and HIPAA, is crucial. The candidate will develop and implement standard operating procedures for compensation processes to ensure efficiency and compliance, oversee executive compensation and retention strategies, and lead communication and education efforts to promote transparency regarding compensation policies and practices across the organization. Utilizing data and analytics tools to measure compensation trends and assess the effectiveness of compensation programs is also part of the role. Finally, establishing and maintaining HR dashboard metrics for key compensation benefits is expected.

Responsibilities

• Lead the implementation and enhancement of a comprehensive compensation strategy.
• Oversee the planning, development, and administration of compensation programs, including base pay, incentives, bonuses, merit increases, and salary reviews.
• Refine pay scales, job classifications, and salary ranges to ensure market competitiveness and internal equity.
• Implement and maintain job evaluation, job hierarchy, and job description processes, ensuring alignment with compensation standards.
• Conduct salary benchmarking and analyze compensation trends to ensure equitable and competitive pay practices.
• Provide expert guidance to HR and leadership on compensation policies, internal equity, market adjustments, regulatory compliance, new hire offers, and incentive plans.
• Serve as a subject matter expert in compensation, partnering with HR and leadership to solve compensation challenges and ensure effective communication.
• Prepare detailed compensation reports for senior management to inform strategic and budgetary decisions.
• Stay updated on compensation laws and trends to ensure compliance with federal, state, and local regulations, including FLSA, Equal Pay Act, and HIPAA.
• Develop and implement standard operating procedures for compensation processes to ensure efficiency and compliance.
• Oversee executive compensation and retention strategies, including data analysis for the Governance Committee.
• Lead communication and education efforts to promote transparency regarding compensation policies and practices across the organization.
• Utilize data and analytics tools to measure compensation trends and assess the effectiveness of compensation programs.
• Establish and maintain HR dashboard metrics for key compensation benefits.

Requirements

• Experience in developing and implementing compensation strategies in the healthcare industry.
• Strong knowledge of compensation laws and regulations, including FLSA, Equal Pay Act, and HIPAA.
• Proven ability to conduct salary benchmarking and analyze compensation trends.
• Expertise in job evaluation, job classification, and salary range development.
• Strong analytical skills and experience with data and analytics tools.
• Excellent communication and interpersonal skills to work with HR and leadership.

Nice-to-haves

• Experience in executive compensation and retention strategies.
• Familiarity with healthcare-specific compensation challenges and solutions.