Unclassified - Little Rock, AR
posted about 1 month ago
The position at Arkansas Children's involves leading the development, implementation, and administration of compensation programs, policies, and procedures. This role is crucial in managing common compensation functions, which include survey participation, job evaluation, salary structure development, incentive plan design, and associated analysis. The individual in this position will ensure that base pay, incentive pay, and performance management programs remain competitive and align with the current compensation strategy. Additionally, the role requires managing staff to ensure that departmental and project goals are met, necessitating extensive knowledge of departmental processes. The responsibilities extend to creating and ensuring adherence to compensation and pay administration processes. The position also involves providing consultation and advice to the organization on pay decisions, policies, guidelines, job evaluation, and the design of effective solutions. The administration of direct compensation for all employee groups is a key responsibility, along with monitoring the effectiveness of existing compensation policies, guidelines, and procedures. The individual will recommend new plans and revisions that are cost-effective and consistent with corporate objectives. Furthermore, the role includes supervising the participation and purchase of salary surveys to ensure that corporate compensation objectives are achieved. The design and development of pay strategies and compensation programs, including base, incentives, executive, and recognition programs, are also part of the job. Preparing budget forecasts for merit adjustments, incentives, and other pay-related changes is essential, as is 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 assigned.