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The Compensation Consultant 2 is responsible for providing strategic compensation consulting and project management services for initiatives specific to competitive pay programs and pay for performance philosophies outlined by the organization.
ESSENTIAL FUNCTIONS OF THE ROLE
Works strategically across functional areas to identify, plan, develop and deliver compensation services and tools with high quality outcomes.
Leads compensation related projects and initiatives which may include, the Compensation Committee, annual merit planning process, short- and long-term incentive programs, job architecture, etc.
Assists with projects, maintains project timelines, creates presentations, communication materials, policies, etc.
Partners with Compensation management and HR Business Services to develop compensation strategies and practices. Socializes new or changed pay programs with HR Business Services and business leaders to include presentations for areas supported.
Responds to internal requests for review of existing jobs, pricing new positions and equity adjustments, while ensuring internal and external equity. Conducts complex internal and external third-party market analysis and reviews.
Researches compensation trends and best practices in the external market and partners with HR and business leadership to enhance the organization's pay programs and competitive position.
Conducts periodic audits to ensure accuracy of data. Responds to data requests.
Mentors compensation staff, and provides performance and development feedback.
KEY SUCCESS FACTORS
Certified Compensation Professional (CCP) highly desirable.
Knowledge of compensation policies, practices and procedures.
Knowledge of health care industry is preferred.
Relationship management and conflict resolutions skills.
Proficient in Excel and other Microsoft Office applications.
Strong communication and presentation skills.
Strong ability to work with and influence all levels of management.
Strong analytical skills.
Ability to work under pressure and regularly reprioritize tasks.
Our competitive benefits package includes the following - Immediate eligibility for health and welfare benefits - 401(k) savings plan with dollar-for-dollar match up to 5% - Tuition Reimbursement - PTO accrual beginning Day 1 Note: Benefits may vary based upon position type and/or level
- EDUCATION - Bachelor's or 4 years of work experience above the minimum qualification
Baylor Scott & White Health (BSWH) is the largest not-for-profit health care system in Texas and one of the largest in the United States. With a commitment to and a track record of innovation, collaboration, integrity and compassion for the patient, BSWH stands to be one of the nation’s exemplary health care organizations. Our mission is to serve all people by providing personalized health and wellness through exemplary care, education and research as a Christian ministry of healing. Joining our team is not just accepting a job, it’s accepting a calling!