Compensation Manager

RWJBarnabas Health

13d ago

Job
Full-time
Senior & Expert Level
Consulting
People, HR & Administration
Somerset

AI generated summary

You need a Bachelor’s in HR, 8-10 years in compensation, skills in pay plans, strong communication, attention to detail, process improvement, and proficiency in MS Office; CCP cert and PeopleSoft experience preferred.
You will manage compensation strategies, guide specialists, analyze salary data, recommend programs, ensure compliance, and consult with management on compensation-related matters.

Requirements

Bachelor s Degree in Human Resources Management or a relevant discipline required
Solid, proven experience in a variety of compensation and consulting plans/programs
Experience in designing and administering pay plans, market pricing and analysis, salary budget development
Excellent verbal and written communication skills
Excellent attention to detail, analytical and organizational skills
Knowledge of human resources laws, regulations, and compensation best practices
Strong process improvement and financial management expertise
Self-motivated and able to work independently or as part of a cross functional team
Demonstrated ability to communicate and work effectively with all levels of management and staff
Advanced proficiency in Microsoft Office Word, PowerPoint, Access, Excel, Visio, Microsoft Project
Masters degree in human resources, business, behavioral sciences or related discipline preferred
Minimum of 8 10 years of experience in leading a compensation function preferred
Certified Compensation Professional CCP preferred
Experience with HR/payroll system PeopleSoft preferred

Responsibilities

Manages Compensation Specialists and other ancillary professionals, providing guidance and support to ensure the organization attracts, develops and retains top talent
Responsible for the direction, design, implementation, and administration of innovative and competitive compensation programs
Ensure proper mix of short and long range strategies to support, organize objectives
Identify emerging workforce issues related to compensation and recommend changes to programs/practices as appropriate
Analyze and develops company compensation in relation to government wage and hour regulations
Regularly reviews compensation strategies which affect salary budgets, proposals and recommends changes to existing compensation programs
Provide analysis and guidance for market/merit adjustments and options, manage job analysis and pricing, and handle all special compensation issues
Handles salary research and survey compilation
Evaluates market salary rates with respect to compensation levels for the organization
Develops recommendations for bonus, incentive and other alternative pay practices
Works with Human Resources, Payroll and Corporate HCM staff to effect changes as necessary
Acts as internal consultant on compensation plans and issues
Facilitates program design between line management and senior leadership to ensure programs are business-objective based
Provides coaching to line management and HR Vice Presidents on relevant and applicable compensation programs and practices
Consults with all levels of management regarding compensation strategies related to attraction, motivation and retention of employees
Interface with line manager as needed to provide guidance for overall compensation decisions
Facilitates management training in region-wide compensation related communication plans
Facilitates and supports compensation management for RWJBH, including the management of special compensation projects as needed

FAQs

What is the job title for this position?

The job title is Compensation Manager.

What are the working hours for this position?

This is a full-time position with day shifts.

Where is the job located?

The job is located at RWJ - 379 Campus Dr. Somerset, NJ 08873.

What qualifications are required for the Compensation Manager position?

A Bachelor's Degree in Human Resources Management or a relevant discipline, proven experience in compensation programs, and analytical skills are required.

Are there any preferred qualifications for this role?

Yes, a Master’s degree, 8-10 years of experience in leading a compensation function, and certification as a Certified Compensation Professional (CCP) are preferred.

What are the essential functions of the Compensation Manager?

Essential functions include managing compensation specialists, designing and administering compensation programs, analyzing compensation strategies, and consulting with management on compensation-related issues.

Is there a specific experience with any HR/Payroll systems preferred for this role?

Yes, experience with the HR/payroll system PeopleSoft is preferred.

What benefits are offered to employees?

Benefits include Paid Time Off (PTO), medical and prescription drug insurance, dental and vision insurance, retirement plans, short & long-term disability, tuition reimbursement, and wellness programs, among others.

How does RWJBarnabas Health view its employees?

RWJBarnabas Health aims to provide a best-in-class work experience and values the contributions of each team member.

What kind of experience is essential for this job?

Solid, proven experience in a variety of compensation and consulting plans is essential along with excellent communication skills and attention to detail.

RWJBarnabas Health

RWJBarnabas Health is the largest, most comprehensive health system in N.J. and the state's largest private employer.

Science & Healthcare

Industry

10,001+

Employees

Mission & Purpose

RWJBarnabas Health (RWJBH) is the largest, most comprehensive academic health care system in N.J., with a service area covering eight counties with five million people. Our health system includes 12 acute care hospitals (Clara Maass Medical Center; Community Medical Center; Cooperman Barnabas Medical Center; Jersey City Medical Center; Monmouth Medical Center; Monmouth Medical Center Southern Campus; Newark Beth Israel Medical Center; Robert Wood Johnson University Hospital; Robert Wood Johnson University Hospital Somerset; Robert Wood Johnson University Hospital Hamilton; Robert Wood Johnson University Hospital Rahway; and Trinitas Regional Medical Center); three acute care children’s hospitals; Children’s Specialized Hospital, with a network of outpatient pediatric rehabilitation centers; a free-standing,100-bed behavioral health center; two trauma centers; a satellite emergency department; ambulatory care centers; geriatric centers, the state’s largest behavioral health network; comprehensive home care and hospice programs; fitness and wellness centers; retail pharmacy services; affiliated medical groups; multi-site imaging centers; and two accountable care organizations. RWJBarnabas Health is among New Jersey’s largest private employers – with more than 38,000 employees and 9,000 physicians– and routinely captures national awards for outstanding quality and safety. RWJBarnabas Health launched an affiliation with Rutgers University to create N.J.'s largest academic health care system. The collaboration aligns RWJBH with Rutgers' education, research and clinical activities, including those at the Rutgers Cancer Institute of New Jersey - the state's only NCI-designated Comprehensive Cancer Center - and Rutgers University Behavioral Health Care.