Compensation Specialist

Description:

The Compensation Specialist position for Methodist Healthcare Ministries will play a critical role in designing, implementing, and managing our compensation programs. Your expertise will help ensure that our compensation strategies attract, retain, and motivate top talent while aligning with our organizational goals and market trends. You will work closely with HR, finance, and leadership teams to develop compensation policies and provide data-driven recommendations.

Salary:

Annual salary rate begins at $70,044.00. Mid range at $87,555.00. Actual starting rate will be commensurate with experience and education.

Essential Job Responsibilities:

• Compensation Strategy Development: Develop and refine compensation strategies to align with organizational goals, market trends, and best practices. Recommend adjustments to salary structures, bonus programs, and incentive plans.
• Market Research and Analysis: Conduct comprehensive market analyses to ensure competitive positioning. Benchmark compensation data against industry standards and provide insights on pay competitiveness.
• Compensation Structure Design: Maintain and implement salary ranges, job leveling frameworks, and pay structures. Ensure that compensation programs are equitable and comply with legal and regulatory requirements.
• Data Analysis and Reporting: Analyze compensation data and trends to provide actionable insights. Prepare detailed reports and presentations for leadership, including recommendations for adjustments or new initiatives.
• Policy and Procedure Development: Create and maintain compensation policies, guidelines, and procedures.
• Compensation Communication & Training: Develop materials to communicate compensation policies and structures for team members and leaders. Educate leaders on compensation philosophy, guidelines, and administration to support informed compensation decisions.
• Consultation and Advisory: Provide expert advice and guidance to HR and leadership on compensation-related issues. Address team member compensation inquiries and resolve any issues or concerns.
• Compliance & Reporting: Ensure compliance with federal, state, and local regulations (e.g., FLSA, EEO) in all compensation practices. Prepare reports for management, regulatory bodies, and audit requests regarding compensation structures and distribution.
• Compensation Project Management: Lead or participate in compensation-related projects, such as annual salary reviews, incentive plan design, and system implementations. Ensure projects are completed on time and within budget.
• Job Offer Salary Generation: Utilize the organization's compensation system to generate and propose competitive job offer salaries based on role, experience, education and market data.
• Other duties as assigned.

Minium Education and/or Experience Qualifications:

• Bachelor’s degree in human resources, Business Administration, Finance, or a related field.

Other Qualifications and competencies:

• Three years’ experience with in-depth knowledge of compensation benchmarking, salary surveys, and market analysis.
  1. Experience in compensation or in a similar role, with a strong understanding of compensation principles and practices.

Skills:

• Strong analytical and problem-solving skills, with attention to detail.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Strong analytical skills, with proficiency in HRIS and compensation software (e.g., ADP).
• Advanced Excel skills, including the ability to conduct complex analyses and create data visualizations.
• Excellent communication and interpersonal skills, with the ability to work effectively across departments.
• Knowledge of regulatory requirements related to compensation, including FLSA, OFCCP, and pay equity regulations.
• Strong attention to detail, with the ability to work independently and handle multiple priorities.
• A proactive approach to problem-solving and a passion for optimizing compensation practices.

Nice to have:

• Certified Compensation Professional (CCP) or similar certification.
• Certified HR Professional (PHR or SHRM-CP)

Work Environment and Physical Demands:

The work environment characteristics described here represent those a team member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

To view MHM's benefits please visit Careers – Methodist Healthcare Ministries of South Texas, Inc.

Medical, Dental and Vision.

Methodist Healthcare Ministries pays 100 percent of team members’ premiums and 55 percent of dependent premiums on the base medical plan. The Methodist Healthcare Ministries dental plan allows team members to freely choose their dentist, regardless if they are in or out of the Guardian’s DentalGuard Preferred Network. The Methodist Healthcare Ministries vision plan allows team members to receive an annual eye exam for just $10.

Voluntary Life Insurance.

Team members have the option to purchase voluntary life insurance through a payroll deduction. The benefit maximum for team members is $300,000, not to exceed five times one’s annual salary. Team members may increase their benefit amount by two increments ($10,000) without having to complete an Evidence of Insurability (EOI) form.

Flexible Spending Account.

Team members have the opportunity to pay for out-of-pocket medical, dental, vision and dependent care expenses with pre-tax dollars through a Flexible Spending Account (FSA) while being automatically deducted through your payroll. Team members can save approximately 25 percent of each dollar spent on these expenses when participating in the FSA!

Employee Assistance Program.

All full-time team members, as well as any family members residing in their household, have access to the Methodist Healthcare Ministries Employee Assistance Program offered through Unum. Members can receive confidential counseling and referral services designed to help with any personal, job or family related problems.

401(k) Plan and Roth 401(k).

Methodist Healthcare Ministries currently makes a matching contribution of 7 percent after one year of service and 9 percent after 10 years. With a 401(k) plan team members can save pre-tax dollars to lower taxable income to take more income home. With a Roth 401(k), contributions are taxed now, earnings grow tax-free, and no taxes are paid when a withdrawal is made (certain conditions apply).

Holidays and Paid Time Off (PTO).

Methodist Healthcare Ministries observes nine official holidays. In these instances, Methodist Healthcare Ministries closes all operations for the day. Team members begin accruing paid time off (PTO) upon their date of hire. Team members who have been with the organization for sixty continuous days may use their accrued PTO.

Health & Wellness Incentive Program.

Methodist Healthcare Ministries is committed to the emotional, mental, physical, spiritual and occupational well-being of our team members. The Be Well program encourages a healthy lifestyle for all team members through the availability of an incentive program for health improvement related expenses.

Education Reimbursement.

Methodist Healthcare Ministries offers education reimbursement for completion of courses of study that support both the business plans and future objectives of the organization and meet the individual aspirations of the team member.