Compensation Manager

DCH Health System • Tuscaloosa, AL

73d

About The Position

The Compensation Manager designs, implements, and oversees an organization's compensation programs to attract, retain, and motivate employees, ensuring competitive and compliant pay structures. Manages the daily operations of the employee compensation programs. Develops and oversees policies and processes for internal pay equity, salary structure management, annual increases, and other premium or special pay programs. Key duties include analyzing market pay data, benchmarking salaries, developing incentive and pay-for-performance plans, and ensuring compliance with employment laws.

Requirements

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
• Requires a minimum of five years professional experience in compensation.

Nice To Haves

• Certified Compensation Professional (CCP), SHRM-CP, or related preferred.
• Leadership compensation program experience.
• Prior experience working for hospital or health system as compensation subject matter expert a plus.

Responsibilities

• Manages and coordinates the administration of wage/salary policies and procedures and ensures that pay plans and practices meet current federal and state legislation.
• Designing, developing, and implementing compensation programs, including base pay structures, company-wide compensation strategies, and policies that align with business goals and industry trends.
• Ensure all compensation practices comply with current legislation, including government regulations and pay equity laws.
• Evaluate job descriptions to determine pay structure within the organization for classification and appropriate compensation based on internal equity and external market competitiveness.
• Responsible for analyzing job descriptions and performance evaluations for policy and legislative compliance.
• Conduct regular market analyses and salary surveys to ensure compensation programs are competitive and fair, tracking prevailing pay rates and pay equity.
• Analyze compensation data to evaluate program effectiveness, identify gaps, and present findings and recommendations to senior management.
• Make recommendations on structure modifications, merit, and pay policy/practice adjustments.
• Complete projects to assess pay structure across both clinical and non-clinical roles.
• Conduct market analysis, prepare structure redesign proposal and cost impact analysis, deliver findings to HR leadership along with recommendations for cost alternatives that align with budget.
• Use analytical and presentation software to communicate findings and recommendations to management and collaborate with HR and other departments.
• Managing job classification and compensation information in Human Resources Payroll systems.
• Oversee job evaluations and job audits.
• Develop and deliver compensation best practice training to appropriate stakeholders.
• Answer questions from employees regarding their pay and benefits, fostering understanding and confidence in the compensation system.
• Serve as a critical resources and point-of-contact for complex wage and salary inquiries.
• Partner with the recruiting team to develop competitive offers for new hires and existing employees.
• Stay current on external best practices and relevant changes to the compensation field; communicate updates to leadership.

What This Job Offers

• Job Type: Full-time
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees