Compensation Manager- Somerset, NJ

Job Overview:

The Compensation Manager leads the development of strategic compensation initiatives, practices and programs for RWJBarnabas Health. Ensures the quality, compliance, competitiveness, and cost effectiveness of compensation programs.

Qualifications:

Required:

• Bachelors Degree 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.
• Experience with HR/payroll system PeopleSoft preferred.
• Advanced proficiency in Microsoft Office (Word, PowerPoint, Access, Excel), Visio, Microsoft Project

Preferred:

• Master s 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.

Essential Functions:

• 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.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees physical, emotional, social, and financial health.

• Paid Time Off (PTO)
• Medical and Prescription Drug Insurance
• Dental and Vision Insurance
• Retirement Plans
• Short & Long Term Disability
• Life & Accidental Death Insurance
• Tuition Reimbursement
• Health Care/Dependent Care Flexible Spending Accounts
• Wellness Programs
• Voluntary Benefits (e.g., Pet Insurance)
• Discounts Through our Partners such as NJ Devils, NJ PAC, Verizon, and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered,

high-quality academic medicine in a compassionate and equitable manner, while delivering

a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer