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Compensation Consultant

Cincinnati Children's Hospital Medical Center

Details

Posted: 06-Aug-22

Location: Cincinnati, Ohio

Salary: Open

Categories:

Operations

Internal Number: 134403

Description

A Compensation Consultant develops, implements and administers compensation such as salaries, short-term incentives, job evaluations, performance appraisals, salary increases and salary surveys. Participate in leading the development; implementation and maintenance of competitive compensation and reward plans; practices and policies

REPRESENTATIVE RESPONSIBILITIES

???Strategy and Program Development

Assist in the development, implementation and maintenance of competitive compensation and reward plans, practices and policies that support organizational and departmental strategic objectives.
Work with HR colleagues and leaders to map short and long term strategies.
Make recommendations to ensure competitive and accurate employee pay practices; develop recommendations and ensure pay practices are in compliance with the regulatory requirements including the FLSA.
Evaluate systems and processes and advocate for improvements to the process.
Conduct demographic and financial analysis to vet out potential design options.
Attend and present to department and organizational leadership to gain alignment.

???Program Implementation

Owns execution of the assigned strategy, plan or program through project management including the allocation of resources and development of meeting cadence.
Work with internal communications to develop and execute communications and resources for employees.
Coordinate with internal partners such as: HRBP's, Talent Acquisition, HR Operations, payroll, finance and legal as necessary to operationalize.
Responsible for review and update of the relevant policies for the area, including the annual review of the policies and updates; facilitate leadership alignment of policy changes; execution of policy changes with HR teams and relevant HR Operations and HRIS partners.

???Consultation

Provide consultation to HR staff and leaders concerning the compensation plans and programs.
This includes: developing, maintaining and delivering effective communications to HR colleagues, managers and employees on compensation related processes; acting as an expert resource for compensation policies, programs and processes.
Consulting with HR staff and managers and provide guidance regarding issues.
Coordinating and participating in educational training and updates for the HR team.

???Data Analysis and Systems

Analyze survey data and market trends and make recommendations in support of the annual salary planning process to maintain external market competitiveness.
Collaborate with HR colleagues and leaders to review options and provide recommendations.
Perform budget analysis for proposed adjustments.
Compile comparative information and provide summary of analysis for leadership alignment.
Lead the review, implementation, testing and maintenance of systems and technology to support compensation processes.

???Policies and Governance

Assist with the development of policies and procedures.
Ensure leadership alignment on policy changes and deliver clear communication to HR staff, managers and employees.
Monitor compliance with compensation guidelines.
Provide consistent and equitable interpretation and administration of the compensation program.
Ensure compliance with external regulatory requirements and internal policies.

Qualifications

EDUCATION/EXPERIENCE

Required:

Bachelor's degree in a related field
5 - 7 years of work experience in a related job discipline.

Preferred:

Advanced Excel Skills
PowerPoint Experience

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About Cincinnati Children's Hospital Medical Center

At Cincinnati Children’s, we come to work with one goal: to make children’s health better. We believe in a team approach, both in caring for patients and their families, and in advancing science and discovery. We strive to do better, and find energy and inspiration in our shared purpose. If you want to be the best you can be, you can do it at Cincinnati Children’s.

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https://jobs.healthcareercenter.com/jobs/17242055/compensation-consultant

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