Stanford Children's Health
Manager - Compensation
Stanford Children's Health, Palo Alto, California, United States, 94306
JOB SUMMARY
The Compensation Manager is responsible for administering the Compensation aspect of Total Rewards. This role manages the adherence to the organization's compensation philosophy and administration of compensation programs, ensuring alignment with business goals and strategies. Plan, develop, and implement compensation programs that are internally equitable, externally competitive, and legally compliant. Make recommendations regarding salary grades and market rates for specific jobs or functional areas. Research and develop incentive programs. Manage the annual review process, including job evaluation, base pay and incentive plan review, merit budgets, etc. Oversee annual compensation survey participation, benchmarking process, and data analysis. Research best compensation practices in the market. Work with leaders across functional areas on shared initiatives.
ESSENTIAL FUNCTIONS
Manage the annual review process, including job evaluations, merit budget planning, and base pay/incentive plan reviews.
Ensure compensation strategies align with organizational goals for various enterprise populations including represented, non-represented, executives, and providers.
Recommend salary grades and market rates for specific jobs or functional areas, and develop incentive programs in collaboration with Total Rewards leadership.
Support for the Annual Incentive Plan (AIP), Long Term Incentive Plan (LTIP), and other bonus programs across the enterprise.
Oversee compensation survey participation, benchmarking processes, and market competitiveness data analysis.
Research and implement best practices and trends in compensation, maintaining a working knowledge of relevant legislation and labor contracts.
Collaborate with cross-functional leaders on shared compensation initiatives and manage special projects like job architecture and supplemental pay strategy.
Direct supervisors and/or individual contributors, managing hiring, development, performance appraisals, and pay reviews.
Communicate compensation program features and options, managing relationships with vendors (survey and market pricing tool vendors).
Design and evaluate compensation programs including salary structures, incentives, allowances, and deferred compensation; perform other duties as assigned.
Qualifications MINIMUM QUALIFICATIONS Education:
Bachelor’s degree in Business Administration, Human Resources, or related field.
Experience:
Minimum of five (5) years of progressively responsible work experience in Compensation, Total Rewards, Finance, or related discipline.
License/Certification:
None required, CCP, PHR, SHRM-CP preferred.
KNOWLEDGE
Extensive knowledge of compensation practices, with demonstrated leadership experience.
Strong analytical skills with experience in compensation data analysis and market research.
Excellent communication and interpersonal skills, with the ability to collaborate across departments.
Proven track record in developing and implementing equitable and competitive compensation programs.
PHYSICAL REQUIREMENTS
Standard office environment.
Ability to manage team dynamics and engage across the organization.
Additional Information Pay Range Compensation is based on the level and requirements of the role. Salary within our ranges may also be determined by your education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data. Typically, new team members join at the minimum to mid salary range. Minimum to Midpoint Range (Hourly): $67.80 to $89.91
Stanford Medicine Children's Health (SMCH) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SMCH does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements, and where applicable, in compliance with the San Francisco Fair Chance Ordinance.
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ESSENTIAL FUNCTIONS
Manage the annual review process, including job evaluations, merit budget planning, and base pay/incentive plan reviews.
Ensure compensation strategies align with organizational goals for various enterprise populations including represented, non-represented, executives, and providers.
Recommend salary grades and market rates for specific jobs or functional areas, and develop incentive programs in collaboration with Total Rewards leadership.
Support for the Annual Incentive Plan (AIP), Long Term Incentive Plan (LTIP), and other bonus programs across the enterprise.
Oversee compensation survey participation, benchmarking processes, and market competitiveness data analysis.
Research and implement best practices and trends in compensation, maintaining a working knowledge of relevant legislation and labor contracts.
Collaborate with cross-functional leaders on shared compensation initiatives and manage special projects like job architecture and supplemental pay strategy.
Direct supervisors and/or individual contributors, managing hiring, development, performance appraisals, and pay reviews.
Communicate compensation program features and options, managing relationships with vendors (survey and market pricing tool vendors).
Design and evaluate compensation programs including salary structures, incentives, allowances, and deferred compensation; perform other duties as assigned.
Qualifications MINIMUM QUALIFICATIONS Education:
Bachelor’s degree in Business Administration, Human Resources, or related field.
Experience:
Minimum of five (5) years of progressively responsible work experience in Compensation, Total Rewards, Finance, or related discipline.
License/Certification:
None required, CCP, PHR, SHRM-CP preferred.
KNOWLEDGE
Extensive knowledge of compensation practices, with demonstrated leadership experience.
Strong analytical skills with experience in compensation data analysis and market research.
Excellent communication and interpersonal skills, with the ability to collaborate across departments.
Proven track record in developing and implementing equitable and competitive compensation programs.
PHYSICAL REQUIREMENTS
Standard office environment.
Ability to manage team dynamics and engage across the organization.
Additional Information Pay Range Compensation is based on the level and requirements of the role. Salary within our ranges may also be determined by your education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data. Typically, new team members join at the minimum to mid salary range. Minimum to Midpoint Range (Hourly): $67.80 to $89.91
Stanford Medicine Children's Health (SMCH) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SMCH does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements, and where applicable, in compliance with the San Francisco Fair Chance Ordinance.
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