Sr. Compensation Partner

Mercy Health BSMH•Amberley, OH

About The Position

Senior Compensation Partners conduct a variety of organizational compensation services, including market analysis, equity studies, and job evaluations. They build relationships with partners within HR and across Bon Secours Mercy Health (BSMH), providing thoughtful, responsive support on a variety of compensation matters. 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

4 Year/ Bachelor’s Degree or equivalent experience - Business, Human Resources, Accounting/ Finance or other related field
3+ years of experience in compensation theory and practice, job evaluation methodologies, FLSA, and regulations related to Compensation
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

Partner closely with Compensation Consultants, providing strong analytical support to the organization through market analysis, equity studies and job evaluations. Analysis may include determination of fiscal impact, development of recommendations, and indication of risk associated with changes.
Present recommendations to business leaders under the general guidance of Compensation leadership and/or Compensation Consultants.
Grow and manage relationships with BSMH leaders, building an understanding of business operations and business needs to provide innovative solutions for compensation-related matters.
Lead and/or support compensation services, including annual reward cycle execution, organizational design, and new compensation program implementations.
In support of Executive Compensation, this may include short- and long-term incentive and SERP evaluation and administration, including accruals and vendor management.
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.
Lead small to mid-size projects and collaborate with Compensation leadership and Consultants to support large projects.
Assist in developing, updating, and maintaining compensation policy and procedure documentation, including documentation of all incentive, premium, and special pay programs.
Interpret compensation policies, procedures, collective bargaining agreements and related labor laws and regulations under the general guidance of the Compensation Director.
Provide counsel on compensation-related practices, laws and regulations.
Prepare a variety of Human Resources reports and audits, as requested, using an Access Database, Excel, or the HRIS system.
Work collaboratively within the Compensation team to proactively identify and recommend process improvements, as well as communicate compensation activity and/or best practices, to assure consistency and quality of compensation programs within BSMH.
Demonstrates the knowledge and skills necessary to provide care appropriate to the age of the patients served on his or her assigned unit.
Demonstrates knowledge of the principles of growth and development of the life span and possesses the ability to assess data reflective of the patient's status and interprets the appropriate information needed to identify each patient's requirements relative to his or her age, specific needs and to provide the care needed as described in departmental policies and procedures.