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Job Summary
Administers Executive Compensation programs and initiatives to support the organization's strategic plan. Operates with substantial latitude for unreviewed action or decision.
Administers executive salary and wage programs and ensures equitable and consistent application of compensation policies and guidelines.
Studies and analyzes wage and / or salaried jobs using current market data. Evaluates jobs using established evaluation systems, determines grades and prepares records of the validity of the evaluations.
Conducts executive compensation surveys and participates in compensation surveys conducted by other organizations. Develops, recommends, and writes job evaluation and compensation procedures.
Assists in the administration of performance management programs for executives and administers executive incentive programs and deferred compensation plans.
Audits and reviews salaries for conformance to policy. Audits evaluation of jobs and application of existing job classifications to individuals.
Accountabilities
Conducts market analyses and job evaluations for executives and top management. Recommends appropriate salary grades and job titles based on external market data and / or analysis of internal positions.
Consults with leaders on new job development and organizational structure changes. Provides expert advice on all issues related to the Prisma Health Executive Compensation program, policies and procedures. - 25%
Advises leadership regarding salary administration problems and issues including hiring offers, incentive and merit evaluations, equity adjustments, other pay related issues.
Conducts research and interprets compensation policy and guidelines for management.Monitors compliance with compensation policies and guidelines.
Collaborates with management and other Human Resources functional areas to enhance the level of human resources support provided to departments. 25%
Maintains knowledge of legal issues including Fair Labor Standards Act (FLSA) and advises management regarding legal compliance.
Assists in the development and implementation of salary administration guidelines. - 25%
Maintains and administers annual incentive programs and deferred compensation plans. - 25%
Supervisory / Management Responsibilities
This is a non-management job that will report to a supervisor, manager, director or executive.
Minimum Requirements
Bachelor's degree - Business or related
5 years - Proven analytical experience in Executive Compensation, Human Resources, Finance, or related field with 2 years in healthcare, preferable
Required Certifications, Registrations, Licenses
PHR, SHRM-CP or Certified Compensation Professional - Preferred
Knowledge, Skills or Abilities
Proficient with Microsoft Office Suite or similar software.
Strong analytical, mathematical and problem solving skills.
Excellent written and verbal communication skills.
Work Shift
Day (United States of America)
Location
Prisma Health Corporate Office
Facility
7001 Corporate
Department
70019323 Compensation
Share your talent with us! Our vision is simple : to transform healthcare for the benefits of the communities we serve. The transformation of healthcare requires talented individuals in every role here at Prisma Health.
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