Full-Time

Compensation Specialist

Updated on 12/16/2024

Nordic

Nordic

Consulting
Healthcare

Senior

Remote in USA

Category
Human Resources
People & HR
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in Human Resources, Business Administration, Finance, Economics, Psychology or a related field.
  • Minimum of 5-7 years of experience in compensation analysis and strategy, ideally within a global organization in the healthcare IT, consulting, or technology industries.
  • Experience working with global compensation structures, job evaluations and benchmarking.
  • Experience with Workday compensation data management system.
  • Experience working with compensation survey tools (e.g. Mercer, Radford, Willis Towers Watson, ERI, or other third-party compensation survey sources).
  • Some experience with designing or implementing compensation programs such as salary ranges, incentive plans and bonus structures.
  • Experience working in cross-functional teams, collaborating with HR Business Partners, Finance, and Senior Leadership on compensation-related matters.
  • Understanding of international compensation practices and laws.
  • Strong analytical skills with the ability to interpret data and generate actionable insights and recommendations for adjustments to align with market trends, company strategy, and internal equity.
  • Strong Excel skills with the ability to interpret HR data to create accurate and informative reports.
  • Knowledge of compensation best practices, pay equity analysis, and legal compliance (e.g., FLSA, Equal Pay Act, General Data Protection Regulation for global teams).
  • Excellent communication and presentation skills, with the ability to explain complex compensation topics in a clear and concise manner.
  • High level of attention to detail, accuracy, and confidentiality.
  • Certified Compensation Professional (CCP) or similar certification is a preferred but not required.
Responsibilities
  • Analyze market trends and internal compensation data to recommend competitive pay structures and incentive programs for various global regions.
  • Assist in the design and maintenance of salary ranges as well as short-term and long-term incentive plans.
  • Conduct regular salary surveys and benchmarking exercises to ensure market competitiveness in the healthcare IT consulting industry.
  • Administer global compensation programs, including base pay, variable compensation plans as well as rewards and recognition programs.
  • Work with HR Business Partners to review compensation packages for new hires, promotions, and internal transfers, ensuring equity and alignment with company policies.
  • Support the annual Focal cycle (merit increase and bonus payout) by providing data analysis as well as reporting, ensuring adherence to established budgetary guidelines.
  • Ensure compliance with local, state, federal, and international compensation regulations, including pay equity and labor laws in the diverse global markets where the company operates.
  • Prepare and deliver compensation reports and presentations for senior leadership, providing insights on compensation trends, costs, and recommendations.
  • Manage and optimize the use of Workday to ensure accurate data tracking, reporting, and process automation.
  • Assist in the development of compensation metric reports to provide key stakeholders with timely and relevant information.
  • Serve as a compensation subject matter expert, providing guidance and administering training to HR business partners, people managers, and employees on compensation policies and programs.
  • Develop clear communication materials for employees regarding compensation changes, annual reviews, and incentive plans.
  • Participate in special projects related to compensation, such as global compensation harmonization, job evaluation, or compensation strategy initiatives.
  • Continuously evaluate and improve compensation processes and workflows to drive efficiency and enhance the employee experience.

Company Stage

Acquired

Total Funding

N/A

Headquarters

N/A

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for real-time analytics boosts Nordic's partnership with CHA.
  • Cloud Innovation Lab positions Nordic to capitalize on healthcare's shift to cloud solutions.
  • Nordic's focus on federal contracts under James Crawford opens lucrative growth opportunities.

What critics are saying

  • Leadership transition to Don Hodgson may lead to strategic shifts or instability.
  • Integrating CHA's platform with existing EHR systems could face implementation challenges.
  • Dependence on major cloud providers exposes Nordic to potential service term changes.

What makes Nordic unique

  • Nordic's partnership with CHA enhances real-time analytics at the point-of-care.
  • The Cloud Innovation Lab showcases Nordic's commitment to healthcare digital transformation.
  • Nordic's ERP expertise is strengthened by its partnership with Workday for integrated solutions.

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