What are the responsibilities and job description for the Director, Compensation position at Vizient, Inc.?
When you're the best, we're the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves . We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.
Summary :
In this role, you will work with the Total Rewards and People teams to provide collaborative leadership of the compensation programs, processes, and services to support the company's strategic goals. You will oversee planning, developing, implementing, and administering compensation programs, policies, and processes related to base pay, short and long-term incentives, and sales incentive plans. You will ensure that the company compensation programs are consistently administered in compliance with company policies and government regulations.
Responsibilities :
- Design, implement, and continuously evaluate the compensation programs of the company.
- Set objectives and guidelines amongst the staff, delegate responsibilities, facilitate research and assessments, and develop strategies to optimize compensation operations.
- Oversee the collection of wage, salary, and incentive survey data to ensure the organization's compensation programs / objectives are competitive.
- Provide advice and counsel to People Business Partners and business leaders regarding salary and incentive plan issues including policy and guideline interpretation, new hire offers, internal equity, market adjustments, and regulatory requirements.
- Collaborate with senior leadership to design and administer incentive programs to drive performance and retention, including bonuses, commissions, and long-term incentive compensation.
- Develop the annual merit increase budgets and salary structure movement based on market data, our competitive positions, and budgetary constraints.
- Keep apprised of federal, state, and local compensation laws and regulations to ensure company compliance.
- Manage the development of annual incentive plan updates including the company's short-term incentives, sales incentives, and long-term incentive plans.
- Support the development of materials and preparations for meetings with the Compensation Committee of the Board of Directors. Work with an executive compensation consultant to develop recommendations related to the Committee's governance of the company's compensation programs.
- Collaborate and work effectively with leaders and practitioners at all levels.
- Drive strategy, work with data and analytics, and demonstrate capability in formulating and implementing effective and creative strategies.
- Manage, coach, and develop team.
- Facilitate problem-solving and approach client issues from a solution-oriented stance.
- Assess and prioritize risks and issues and evaluate competing needs.
Qualifications :
LI-JS
Estimated Hiring Range :
At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $117,600.00 to $206,000.00.
This position is also incentive eligible.
Vizient has a comprehensive benefits plan! Please view our benefits here :
http : / / www.vizientinc.com / about-us / careers
Equal Opportunity Employer : Females / Minorities / Veterans / Individuals with Disabilities
The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.
Salary : $117,600 - $206,000
