Sr Compensation Consultant

Job Posting: Senior Compensation Consultant

Position: Senior Compensation Consultant

Pay Rate: $55/hr to $65/hr depending on experience level

Location: Hybrid, 1 day a week onsite

About the Role:

We are seeking a Senior Compensation Consultant to develop and implement effective compensation strategies and programs. This role is crucial in attracting, retaining, and motivating employees by collaborating with Finance, Benefits, and Compensation leaders. You will manage the analysis, design, and administration of compensation programs, ensuring alignment with business objectives and compliance with regulations.

Key Responsibilities:

• Compensation Strategy: Collaborate with leadership to evaluate and enhance compensation structures and practices for physicians and administrative staff. Develop innovative compensation programs to attract and retain top talent.
• Market Research: Conduct market research and benchmarking analysis to stay updated on compensation trends. Analyze market data to recommend salary structures, incentives, and benefits.
• Survey Management: Coordinate and manage the submission of survey data related to physician compensation. Ensure timely and accurate data submission and stay updated with survey methodologies.
• Job Evaluation: Utilize job evaluation methodologies to assess positions, develop job grading systems, and ensure internal equity.
• Salary Structures: Develop and administer salary structures, including guidelines and policies. Provide guidance on salary adjustments and incentive programs.
• Budgeting & Forecasting: Collaborate with finance and HR to develop compensation budgets, track expenses, and analyze the financial impact of compensation initiatives.
• Performance Integration: Integrate compensation programs with performance management systems and provide guidance on linking performance metrics to compensation rewards.
• Compensation Committee Support: Assist in preparing Compensation Committee materials, serve as scribe, and capture meeting minutes.
• Financial Analysis: Evaluate the impact of compensation arrangements on financial performance and provide insights to optimize compensation budgets.
• Training & Communication: Develop and deliver training on compensation policies and communicate plans and updates across the organization.
• Compliance: Ensure compliance with employment laws and regulations. Conduct internal audits to address potential risks.
  
  

Qualifications:

• Education: Bachelor’s degree in Business, Human Resources, or a related field; or equivalent work experience.
• Experience: 7-10 years of related experience in compensation. Experience in physician compensation analysis and strategy development within the healthcare industry is preferred.
• Skills: Advanced knowledge of compensation philosophies, employee benefit programs, and mathematical calculations for compensation models. Expertise in MS Excel and proficiency in MS Office suite. Experience with compensation tools (e.g., ADP Workforce Now, Oracle, UKG) is a plus.
• Certifications: CCP, CEBS, PHR, or SPHR preferred.
  
  

Core Competencies:

• Managing Emotions: Remain resilient under pressure, demonstrate self-awareness, and understand the emotional impact of decisions.
• Achieving Results: Display confidence, execute tasks effectively, take appropriate risks, and adapt to changing circumstances.
• Building Relationships: Communicate proactively, listen to others, and demonstrate accountability.
• Solving Problems: Collaborate with others, provide rationale for decisions, and leverage creativity to find innovative solutions.
  
  

Pay Details: $55.00 to $65.00 per hour

Search managed by: Riley Grubbs

Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable.

Equal Opportunity Employer/Veterans/Disabled

To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy

The Company will consider qualified applicants with arrest and conviction records subject to federal contractor requirements and/or security clearance requirements.