Compensation Partner

Bon Secours Mercy Health • Cincinnati, OH

4d

About The Position

Compensation Partners conduct a variety of organizational compensation services, including market analysis, equity studies, and job evaluations. They provide support for cyclical compensation activities such as the annual rewards cycle process, annual market review and pay equity analysis. They serve as system experts in Workday and our compensation survey management tool, Payfactors.

Requirements

• Required Minimum Education: 4 Year/ Bachelor’s Degree or equivalent experience - Business, Human Resources, Accounting/ Finance or other related field
• Minimum Years and Type of Experience 2+ years of experience in Human Resources, Finance or other related field
• Previous experience using a personal computer and various software packages (e.g. Access, Excel, Word, PowerPoint, etc.) is required.

Nice To Haves

• Graduate Degree/ Master’s
• Certified Compensation Professional (CCP)
• 1+ year healthcare experience, Workday experience, job pricing tool (Payfactors, MarketPay, etc.) experience
• 1+ years of experience in compensation theory and practice, job evaluation methodologies, FLSA, and regulations related to Compensation

Responsibilities

• Provide support and guidance to the organization, in partnership with Compensation Consultants, on a wide range of compensation services including job evaluations, market reviews, and equity studies.
• Present recommendations to business leaders under the guidance of Compensation leadership and/or Compensation Consultants.
• Support and/or lead compensation services. In support of Compensation Operations, this may include the annual rewards cycle process, annual market review, pay equity analyses and/or union administration. In support of Executive Compensation, this may include data collection for annual tally sheets used for reasonableness letters and 990 filings.
• Interpret compensation policies, procedures, collective bargaining agreements and related labor laws and regulations under general guidance. Provide counsel on compensation-related practices, laws and regulations.
• Participate on cross functional project teams in the design, recommendation, and implementation of new or existing pay practices to ensure market competitiveness, internal equity, and consistency.
• Collaborate with Compensation leadership and Consultants on small to mid-size projects and provide support for large projects.
• Assist in developing, updating, and maintaining compensation policy and procedure documentation, including documentation of incentive, premium, and special pay programs.
• Participate in third-party salary surveys and coordinate integration of local market survey data with third party software to recommend changes to existing salary range assignments.
• Prepare a variety of Human Resources reports and audits, as requested, using an Access Database, Excel, or the HRIS system.
• Assist with ServiceNow case triage and resolution.
• Analyze, maintain, and improve Compensation team performance and service delivery by recognizing patterns, analyzing root causes, making process improvement recommendations, and communicating important updates with the team

Benefits

• Competitive pay, incentives, referral bonuses and 403(b) with employer contributions (when eligible)
• Medical, dental, vision, prescription coverage, HSA/FSA options, life insurances, mental health resources and discounts
• Paid time off, parental and FMLA leave, short- and long-term disability, backup care for children and elders
• Tuition assistance, professional development and continuing education support
• Benefits may vary based on the market and employment status.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees