Manager Compensation, Human Resources

Arkansas Children's Hospital - Little Rock, AR

Full-time - Mid Level

Little Rock, AR

Hospitals

About the position

The Manager of Compensation at Arkansas Children's Hospital plays a pivotal role in leading the development, implementation, and administration of compensation programs, policies, and procedures. This position is responsible for managing common compensation functions, which include survey participation, job evaluation, salary structure development, incentive plan design, and associated analysis. The Manager ensures that base pay, incentive pay, and performance management programs remain competitive and conform to the current compensation strategy. This role also involves managing staff to ensure that departmental goals and project objectives are met, requiring extensive knowledge of departmental processes and the ability to lead a team effectively. In this position, the Manager will be responsible for overseeing the Compensation staff, which includes setting goals, evaluating performance, training the team, directing work, and ensuring that the team is well-equipped to meet the demands of their roles. The Manager will create and ensure adherence to compensation and pay administration processes, providing consultation and advice to the organization on pay decisions, policies, guidelines, job evaluation, and the design of effective solutions. Additionally, the Manager will monitor the effectiveness of existing compensation policies, guidelines, and procedures, recommending new plans and revisions that are cost-effective and consistent with corporate objectives. The role also involves supervising the participation and purchase of salary surveys to ensure that corporate compensation objectives are achieved. The Manager will design and develop pay strategies and compensation programs, including base pay, incentives, executive compensation, and recognition programs that align with HR and company objectives. Furthermore, the Manager will prepare budget forecasts for merit adjustments, incentives, and other pay-related changes, ensuring compliance with all federal, state, and local regulations as well as all company processes and guidelines. The position may also require performing any other duties as required or assigned, making it a dynamic and integral part of the Human Resources department.

Responsibilities

• Lead the development, implementation, and administration of compensation programs, policies, and procedures.
• Manage common compensation functions, including survey participation, job evaluation, salary structure development, and incentive plan design.
• Ensure that base pay, incentive pay, and performance management programs remain competitive and conform to current compensation strategy.
• Manage staff to ensure department goals and project goals are met.
• Create and ensure adherence to compensation and pay administration processes.
• Provide consultation and advice to the organization on pay decisions, policy and guidelines, job evaluation, and design of effective solutions.
• Manage the administration of direct compensation for all employee groups.
• Monitor the effectiveness of existing compensation policies, guidelines, and procedures, recommending new plans and revisions that are cost-effective and consistent with corporate objectives.
• Supervise the participation and purchase of salary surveys to ensure corporate compensation objectives are achieved.
• Design and develop pay strategies and compensation programs that align with HR and company objectives.
• Prepare budget forecasts for merit, adjustments, incentives, and other pay-related changes.
• Ensure compliance with all federal, state, and local regulations as well as all company processes and guidelines.
• Perform any other duties as required or assigned.

Requirements

• Bachelor's Degree or Equivalent Experience required; Master's Degree recommended.
• 5 years of direct work experience with 3 years of leadership experience required.
• Certifications such as Certified Compensation Professional (CCP) - World at Work, SHRM-SCP - SHRM, SPHR - HRCI are recommended.