The
Compensation Manager reflects the mission, vision, and values of NM, adheres to the organization's Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.
This position will have responsibility for overseeing the day-to-day operations, identifying areas for improvement and making recommendations for the Company's compensation programs. The Compensation Manager will work with a broad range of internal customers assisting them with application of the Company's compensation programs (Director level and below) and recommending solutions for internal or external inequities.
Responsibilities:- Oversee data gathering, interpret information and assist in design and preparation of materials presented to Senior Management in support of annual Salary Increase Budget and Bonus Programs.
- May lead enterprise wide programs, such as the annual incentive program.
- Advise department managers on matters regarding compensation policy and practice, including merit increases, equity adjustments, interim assignments, promotions and demotions.
- Directs Compensation Analyst in evaluating jobs (new, existing and revised), create job descriptions, analyze market data, compare internal equity and make salary and pay grade recommendations as appropriate.
- Define and oversee process for market pricing benchmark positions. Assist in making recommendations and presenting findings to senior management.
- Ensure market competitiveness by participating in salary surveys. Utilize data bases to analyze compa ratios and pay differentials based upon experience.
- Ensure compliance with Department of Labor Wage and Hour rules as it relates to exempt and non-exempt status, application of overtime calculations and other regulatory matters.
- Ensure compliance with writing and coding job description in relation to licensure and certification requirements under The Joint Commission.
QualificationsRequired:- Bachelor's Degree (B.A., B.S.)
- Minimum of 5 years compensation experience with prior managerial experience
Preferred:- Master's Degree (M.S., M.S., M.B.A.)
- CCP and/or CBP
- Strong financial background (accounting, finance)
Benefits We offer a wide range of benefits that provide employees with tools and resources to improve their physical, emotional, and financial well-being while providing protection for unexpected life events.
Click on or copy and paste URL to your browser to view detailed benefits information https://jobs.nm.org/benefits
Please refer to the Benefits Eligibility by Employment Classification to determine benefits eligibility for job postings.
If sign-on bonus is included in a job posting eligibility is as followed: Internal employees and rehires who left Northwestern Medicine within 1 year are not eligible for the sign-on bonus. Exception: New graduate internal employees seeking their first licensed clinical position as a Registered Nurse at NM may be eligible.
