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Compensation Consultant

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HCA Healthcare US

2mo ago

  • Job
    Full-time
    Senior Level
  • Consulting
    People, HR & Administration
  • Nashville

AI generated summary

  • You must have a bachelor’s degree, 5+ years in compensation/analytics, strong Excel and data modeling skills, and excellent communication abilities. A master’s and certifications are preferred.
  • You will analyze compensation data, design pay structures, evaluate job roles, collaborate on strategies, create dashboards, present findings, and ensure compliance with regulations.

Requirements

  • Bachelors Degree is required
  • Master’s degree is preferred
  • 5+ years of experience in compensation, analytics, or related experience is required
  • 3+ years of experience in Healthcare, general industry, and consulting experience is preferred
  • Certified Compensation Professional Certificate is preferred
  • Strong analytical skills with expertise in data modeling is required
  • Proficiency in Excel and tools such as Power BI is required
  • Proficiency in SQL is preferred
  • In-depth knowledge of compensation principles, methodologies, and best practices is preferred
  • Familiarity with job evaluation techniques, salary surveys, and market benchmarking is preferred
  • Excellent problem-solving abilities, with capacity to translate complex data into actionable insights and recommendations is required
  • Exceptional communication and presentation skills, with the ability to convey technical concepts to both technical and non-technical stakeholders is required
  • Collaborative mindset with the ability to work effectively in cross-functional teams and manage multiple projects is required
  • Strong business acumen and the ability to understand and align compensation strategies with broader organizational goals is required

Responsibilities

  • Conduct comprehensive analysis of compensation data, including salary surveys, market benchmarks, and internal pay structures, to evaluate competitiveness and identify areas for improvement.
  • Utilize data modeling and analytical techniques to assess the effectiveness of compensation programs and forecast future trends.
  • Create dashboards using appropriate tools to summarize data in a meaningful and impactful way.
  • Collaborate with clients to define compensation objectives and align them with broader business strategies.
  • Design and develop compensation frameworks, policies, and guidelines that support organizational goals and ensure internal equity.
  • Evaluate job roles and responsibilities to determine appropriate job levels, salary ranges, and pay grades.
  • Conduct job pricing exercises using market data and internal factors to establish competitive compensation packages for new hires, promotions, and transfers.
  • Collaborate with HR teams, finance professionals, and senior management to understand business needs and align compensation strategies with organizational objectives.
  • Present findings, recommendations, and insights to various stakeholders, including executives and HR leaders, in a clear and compelling manner.
  • Design and implement incentive and variable pay programs, such as performance-based bonus structures.
  • Develop models to assess the effectiveness of incentive programs, making data-driven recommendations for improvements.
  • Monitor regulatory changes and industry trends related to compensation practices, ensuring compliance with applicable laws and regulations.
  • Provide guidance on governance processes and compliance with internal policies.

FAQs

What is the job title for this position?

The job title for this position is Compensation Consultant.

What organization is offering this position?

This position is offered by HCA Healthcare.

What kind of benefits does HCA Healthcare provide?

HCA Healthcare provides a comprehensive total rewards package that includes medical, dental, and vision coverage, 401(k) match, education assistance, and more.

What educational qualifications are required for this role?

A Bachelor's degree is required, and a Master's degree is preferred.

How many years of experience in compensation or analytics is required for this position?

5+ years of experience in compensation, analytics, or related experience is required.

Is experience in the healthcare industry preferred for this position?

Yes, 3+ years of experience in Healthcare or consulting experience is preferred.

What technical skills are required for a Compensation Consultant?

Proficiency in Excel and tools such as Power BI is required, and proficiency in SQL is preferred.

What types of analytical tasks will the Compensation Consultant perform?

The Compensation Consultant will conduct comprehensive analyses of compensation data, create dashboards, assess the effectiveness of compensation programs, and forecast future trends.

Will the Compensation Consultant collaborate with stakeholders?

Yes, the Compensation Consultant will collaborate with various stakeholders, including clients, HR teams, finance professionals, and senior management.

What soft skills are essential for this role?

Exceptional communication and presentation skills, problem-solving abilities, and a collaborative mindset are essential for this role.

Are there any certifications that can enhance a candidate's qualifications for this position?

Yes, a Certified Compensation Professional Certificate is preferred.

Is HCA Healthcare an equal opportunity employer?

Yes, HCA Healthcare is an equal opportunity employer and values diversity within the company.

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HCA Healthcare US

Science & Healthcare
Industry
10,001+
Employees
1999
Founded Year

Mission & Purpose

At HCA Healthcare, we are driven by a single mission: Above all else, we are committed to the care and improvement of human life. At HCA Healthcare we recognize the significant responsibility we have as a leading healthcare provider within each of the communities we serve, as well as the opportunity we have to improve the lives of the patients for whom we are entrusted to care. Through the compassion, knowledge and skill of our caregivers and our unique ability to leverage our scale and innovation, HCA Healthcare is a learning health system that uses our approximately 37 million annual patient encounters to advance science, improve patient care and save lives. HCA Healthcare is one of the nation's leading providers of healthcare services, comprising 180 hospitals and approximately more than 2,300 sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics, in 20 states and the United Kingdom. With more than 294,000 colleagues driven by one purpose—to give patients healthier tomorrows—we are excited about the future of medicine and believe we are uniquely positioned to play a leading role in the transformation of clinical care.