Arkansas Children's Hospital - Little Rock, AR
posted about 1 month ago
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.