Compensation Consultant

Location: Albuquerque, NM

Our client is a major southern Healthcare System

Reports to:  Director, Compensation

Evaluates and processes all positions throughout the Healthcare System for placement in salary structure.  Supports the Compensation and Human Resources team in providing guidance to The Healthcare System management and HR Staff on equity placements, reclassifications, new positions, new hire salary placements, pay practices, exemption status, reorganization initiatives, and incentive compensation plans. Administers the Performance Management process. Serves as departmental resource/educator for HRIS issues.

·                     Advises Healthcare System leadership, recruiters, HR advisors, and other HR staff on individual and group equity placements, reclassifications, new positions, new hire salary placements, pay practices, exemption status, reorganization initiatives, and incentive compensation plans.

·                     Evaluates jobs independently based on market data. Compiles, ages, and analyzes market data for compensation action requests and benchmark positions for salary increases.  Develops and maintains aging models and calculations. Recommends placement in salary structure for new positions.

·                     Participates in the analytical process of developing the Salary Structure and Wage Adjustment Recommendation for each business unit.  Participates in the planning, costing, and implementation of employee salary increases.  Participate in administration of Pay for Performance (PFP) programs.

·                     Develops and maintains job profiles.  Reviews and approves job profile modifications as submitted by management.  Coordinates with recruiter and manager to develop and/or modify minimum qualifications of positions.  Educates management and HR staff on job profile content development.

·                     Serves as departmental resource and educator for HRIS queries, PC Link downloads, Access design and development, Excel spreadsheets and graphs.  Serves as liaison with information services staff in resolving programming and related problems.  Recommends new equipment or software in support of human resources objectives.

·                     Develops and maintains documents for publishing in online HR Document Library. In collaboration with IS Web Team, designs WebPages, graphics, and relevant links for Compensation and Performance Management resources.

·                     Reviews pay programs and recommends new strategies, pay programs and incentive plans appropriate for various positions within each business unit.

·                     Researches external market for skills, knowledge and demographic changes and recommends approaches in maintaining a competitive advantage for the The Healthcare System.  Evaluates market and economic trends to recommend ranges, adjustments and hiring rates for salary structures and individual rates as requested.

·                     Conducts studies and compiles statistics such as turnover rates, hiring and merit increase averages to identify problems in compensation policies and practices

·                     Represents the Human Resources department at committee, task group, and departmental meetings.  Works on related assignments and projects.  Interacts with various levels of leadership, professionals, and employees.

·                     Analyzes company compensation policy, government regulations concerning payment of minimum wages and overtime pay in order to comply with legal requirement.

·                     Maintains established compensation policies and procedures guidelines and updates when necessary.  Resource for organization in compensation policy and provides support for supervisors in human resource issues.

·                     Conducts and completes external market surveys.  Builds Access queries to extract data necessary for completing external salary surveys.

·                     Serves as a team member of an HR consultant & business partner triad in support of the business units consisting of dedicated employee relations, compensation analyst and recruitment specialists.

·                     Fully knowledgeable of business challenges, issues and priorities for assigned areas including but not limited to: strategic plans, staffing levels, turnover, employee satisfaction/dissatisfaction, staff and management training needs, recruitment plans/needs, industry trends and key competitors, and actively partners with the customer group and business unit in problem-solving, understanding the implications, and enabling achievement of customer group and business unit goals.

·                     Regularly monitors and provides analysis of key HR statistics, data, trends, and best practices for their customer group with regular formal reporting to assist the customer group in making data driven human resource decisions and for more effective planning.

Requirements:

·         Bachelor’s degree in Business Administration, Economics, Finance or Human Resources. 

·         Minimum of 2 years of experience with background in compensation. 

·         Required computer proficiency skills in MS Office applications with an emphasis on Excel and Access.

·         Certified Compensation Professional (CCP) designation is required within the first two years of employment if not already completed.  This can be attained by completing 5 courses within the first year and 4 courses within the second year. 

·         Strong analytical decision making skills.

If you are interested and qualified, please send a “Word” copy of your resume/CV and salary requirements to the address below.  When applying, please indicate the job and the location in the subject line of your e-mail.  If this position is not for you and you know of someone who might be interested, please forward this to them.

Jericho HR Group

www.jerichohr.com

jobs@jerichohr.com