Compensation Consultant - Sales and Broad-based

Company :

Highmark Health

Job Description : 

JOB SUMMARY

As part of the Compensation and Recognition Center of Excellence, this job designs, develops, and consults on Sales and broad-based compensation programs and initiatives for the Company and for assigned business units; evaluates and benchmarks current compensation programs to determine competitive position; uses in-depth knowledge, strategic judgment and technical expertise to successfully develop, execute, and communicate compensation programs and processes.  

ESSENTIAL RESPONSIBILITIES

• Effectively analyze, improve, consult and educate on, and execute various base pay, variable and supplemental compensation programs for the Company and/or assigned business units and/or job families
  • Work effectively with internal departments including Talent, Shared Services, Legal, Treasury, IT, Finance and Payroll as needed.
  • Plan, implement, and deliver various educational tools and meetings with leaders on compensation plans as needed.

• Evaluate and benchmark assigned current compensation programs to determine competitive posture
  • Develop and present recommendations and solutions on compensation plan revisions as well as new plans which are cost-effective and aligned with market trends and Company objectives.
  • Assist with compensation program transitions on acquisitions and divestitures.
  • Assess governance and compliance risk in regions and local subsidiaries, and develop proactive compliance strategies. Partner effectively with Legal and Corporate Affairs, Finance, and HR Technology.

• Collaborate with Talent Engagement Leads, Directors, and Partners (HR Business Partners) providing consulting and strategic direction on compensation issues.
  • Provide communications, training, and guidance on plans and compliance requirements for administration to Shared Services and the HR Business Partner groups.
  • With Talent Engagement Leads, interface with leaders with the organization by providing consultative advice and direction on design and communication issues.

• Manage multiple projects of varying size and complexity.
  • Complete projects and studies as assigned, utilizing professional judgment and available internal and external resources.
  • Research, analyze and synthesize information to determine the best course of action.
  • Effectively communicate project status and results.
  • Projects are generally diverse in subject matter and objective and are typically complex, large-scope, and corporate-wide.

• Stay current on legislative updates affecting the areas of compensation and benefits, including ERISA, DOL, IRS and HHS agencies.
  • Ensure compliance with federal and state guidelines impacting executive compensation programs, and oversee preparation of reports and filings as required by government agencies.
  • Remain current on legislative and IRS changes relative to plan regulations, procedure changes and mandated disclosures.
  • Confer with vendors and consultants to analyze equity and viability of current compensation programs compared to trends and regulatory requirements.  Continually assess the competitiveness of all programs and practices against industry standards and comparable companies.

• Other duties as assigned or requested.

EDUCATION

Minimum

• Bachelor’s Degree in Business Administration, Human Resources, Finance or related field.

Substitutions

• 6 years of related and progressive experience in lieu of Bachelor's degree

Preferred

• Master's Degree in Business Administration

EXPERIENCE

Required

• 5 years in a compensation role or other analytic field

• Demonstrated experience in developing, implementing and administering programs

LICENSES AND CERTIFICATIONS

Required

• None

Preferred

• CSCP (Certified Sales Compensation Professional)
• CCP (Certified Compensation Professional)
• PHR (Professional in Human Resources) or SPHR (Senior Professional in Human Resources)

KNOWLEDGE, SKILLS & ABILITIES

• Intermediate statistical knowledge
• Advanced understanding of formulas and capabilities of spreadsheet and database applications
• Proficient in MS Office Tools
• Superior ability to compile, synthesize, reconcile and analyze data from various sources, draw conclusions and make recommendations
• Strong business and financial acumen
• Strong written communication skills
• Excellent i