Fresenius Medical Center Director of Compensation Operations & Programs in Waltham, Massachusetts
PURPOSE AND SCOPE:
Responsible for leading the operations function of the compensation team including compensation data, systems, processes, analytics, compliance, as well as the related policies and programs. Develops and implements strategies to proactively support the operations of the Compensation function in support of the business operations of FMCNA. Optimizes key interdepartmental relationships across the company and is viewed as a valued and trusted business partner.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Lead the creation, implementation, and administration of best-in-class compensation systems, programs, policies and procedures in support of the Compensation department as well as all business operations.
Design and implement key metric reporting for the Compensation department.
Collaborate regularly with the HRIS department to explore options to optimize the use of the HRMS to promote more effective administration of salary changes and pay transactions.
Oversee and guide various project initiatives, integrating resources, teams, and budget while delivering timely results.
Design, develop and oversee compensation related training and education programs for executives, operations and line managers, and other support management. Provide separate training and education programs for targeted management groups as requested.
Optimize and execute enterprise-wide executive compensation programs and processes in the areas of salary planning, executive compensation, reward & recognition programs, employee perquisites, incentives, and performance management.
Provide communication and training to other HR professionals and managers on compensation strategies, objectives, and the features of the compensation programs, providing tools and techniques to ensure that plan objectives are met and consistently applied.
Provide leadership, guidance, and coaching for direct reports to maintain an engaged and productive workforce; oversee and manage the workload and responsibilities of assigned staff.
Establish departmental goals and objectives implementing performance standards aligned with company and business unit goals. Provide informal feedback on an ongoing basis and formal feedback in the annual performance evaluation. Manage the department staffing through the appropriate development, hiring, firing and disciplinary actions.
Assist the VP, Compensation with the development of the annual department budget.
May assist with the administration of the LTI Plan for US based employees.
May assist in compensation administration activities such as job analyses and competitive benchmarking, and provides guidelines for structuring new hire offers, promotions and other pay adjustments, transfers etc.
Other related duties as assigned.
- Bachelor’s Degree required; Advanced Degree preferred.
EXPERIENCE AND REQUIRED SKILLS:
10+ years’ related experience.
5+ years’ experience as a Manager; or 10+ years’ experience in a senior compensation consultant role.
5+ years’ experience with HRIS, compensation systems, and/or data management required
SHRM Certification (SHRM-SCP, SHRM-CP) is a plus.
Experience with Tableau or other data analytics software preferred.
CCP certification is a plus.
Current knowledge of compensation strategies, theories, best practices, and regulations.
Strong management skills with the ability to lead cohesive and productive teams.
Strong interpersonal skills with the ability to communicate with all levels of management through diplomacy and tact.
Excellent oral and written communication skills.
Proven analytical skills.
Solid to expert knowledge of FLSA and Wage and Hour laws.
Proven skills managing high volume of small projects in parallel with strategic longer term projects.
Strong consultative skills to work with all levels of management in a relationship driven organization.
Good understanding of total compensation practices.
Competency with computer software applications such as Microsoft Office.
Must be able to identify and solve problems creatively with a win-win focus.
Must be flexible with the ability to work in situations where there is not a unique correct answer.
EO/AA Employer: Minorities/Females/Veterans/Disability/Sexual Orientation/Gender Identity