What are the responsibilities and job description for the Incentive Compensation Analyst position at Hanger, Inc.?
Why Us?
With a mantra of Empowering Human Potential, Hanger, Inc. is the world's premier provider of orthotic and prosthetic (O&P) services and products, offering the most advanced O&P solutions, clinically differentiated programs and unsurpassed customer service. Hanger's Patient Care segment is the largest owner and operator of O&P patient care clinics nationwide. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products and components, and provides rehabilitative solutions to the broader market. With 160 years of clinical excellence and innovation, Hanger's vision is to lead the orthotic and prosthetic markets by providing superior patient care, outcomes, services and value. Collectively, Hanger employees touch thousands of lives each day, helping people achieve new levels of mobility and freedom.
Could This Be For You?
The role of the Incentive Compensation Analyst is to be responsible for implementing and maintaining programs, policies and procedures that support incentive compensation inclusive of commissions and Hanger’s bonus programs. Responsibilities include compensation design, maintenance, and administration of bonus and incentive programs. Will function as an internal consultant to identify and resolve various compensation-related issues/questions.
Your Impact
- Manage short-term incentive programs at Hanger. Support annual plan design changes, documentation, employee education, system configuration, and administration.
- Build relationships with local region leadership, talent acquisition staff, HR partners, and other internal customers to increase the efficiency and effectiveness of the Hanger incentive compensation programs.
- Partner with Hanger leaders to make recommendations for new incentive compensation structures. Develop transition plans to shift employees from current-state to future-state designs. Analyze historical incentive compensation payment history to ensure a fair and equitable transition to future state incentive compensation designs.
- Increase employee transparency and understanding of incentive programs. Develop and deliver communication for employees, managers, and senior leaders to guide them through changes in incentive compensation design.
- Ensure that all compensation-related activities are compliant with legal and regulatory requirements, standards, and internal policies. Respond to audit requests pertaining to short-term incentive programs and payments at Hanger.
- Drive effective use of the compensation system by proactively and collaboratively developing, standardizing, and improving processes and workflows around the system. Update, review, and distribute procedures, job aids etc. to support the HR administration and best support our customers.
- Review basic policy/process changes, process improvements, technology enhancements, and conduct regular reviews to identify efficiencies and cost savings opportunities. Perform validations to ensure accurate payments across all short-term incentive programs and commission plans.
- Provide support for Compensation and Commissions systems. Complete quarterly testing, support team in reconfigurations resulting in plan changes, and partner to resolve testing issues and ensuring optimal performance.
- Proactively seek avenues to adopt best practices and innovative approaches to addressing Compensation and business obstacles. Stay up to date on industry trends and best practices, suggesting improvements to ensure our programs remain competitive and effective.
- Assist broad-based Compensation team members with various research and/or special projects.
Minimum Qualifications
Minimum
- Bachelor’s degree in Business Administration or Human Resources management or equivalent
- Minimum of 5 years of related total reward experience
Preferred
- Experience in compensation pay systems
- Experience with HRIS applications such as ADP, Oracle, SAP or Workday
Additional Success Factors
Strategic perspective with tactical implementation skills
Strong team-building and cross-functional collaboration skills.
Strong analytical skills, with good experience in interpreting and producing high quality, accurate management information.
Excellent Microsoft Office skills including Excel at advanced level along with Word and PowerPoint at Intermediate level.
Ability to communicate technical information to non-technical users clearly and concisely.
Is detail-oriented and possesses problem-solving skills.
Ability to work efficiently under pressure, accurately meet deadlines, present a professional demeanor and work well independently.
Customer service skills including the ability to manage and respond to different customer situations while maintaining a positive and friendly attitude.
- Act with integrity in all ways and at all times, remaining honest, transparent, and respectful in all relationships.
- Keep the patient at the center of everything that you do, building lifelong trust.
- Foster open collaboration and constructive dialogue with everyone around you.
- Continuously innovate new solutions, influencing and responding to change.
- Focus on superior outcomes, and calibrate work processes for outstanding results.
Our Investment in You
- Competitive Compensation Packages
- 8 Paid National Holidays & 4 additional Floating Holidays
- PTO that includes Vacation and Sick time
- Medical, Dental, and Vision Benefits
- 401k Savings and Retirement Plan
- Paid Parental Bonding Leave for New Parents
- Flexible Work Schedules and Part-time Opportunities
- Generous Employee Referral Bonus Program
- Mentorship Programs- Mentor and Mentee
- Student Loan Repayment Assistance by Location
- Relocation Assistance
- Regional & National traveling CPO/CO/CP opportunities
- Volunteering for Local and National events such as Hanger’s BAKA Bootcamp and EmpowerFest
Hanger, Inc. is committed to providing equal employment opportunity in all aspects of the employer-employee relationship. All conditions and privileges of employment are administered to all employees without discrimination or harassment because of race, religious creed, color, age, sex, sexual orientation, gender identity, national origin, religion, marital status, medical condition, physical or mental disability, military service, pregnancy, childbirth and related medical conditions, special disabled veteran status, or any other classification protected by federal, state, and local laws and ordinances. The company will comply with all applicable state or local fair employment laws that forbid discrimination or harassment on the basis of other protected characteristics. Retaliation against any employee for filing or supporting a complaint of discrimination or harassment is prohibited.
