Sr. Compensation Consultant

Summary

As an Sr. Compensation Consultant at Gainwell, you can contribute your skills as we harness the power of technology to help our clients improve the health and well-being of the members they serve — a community’s most vulnerable. Connect your passion with purpose, teaming with people who thrive on finding innovative solutions to some of healthcare’s biggest challenges. This role is strictly involved in the development of the product and does not involve access to Protected Health Information (PHI) & Personally Identifiable Information (PII) or any secured/confidential client data. The work is limited to application development and does not include handling or processing of sensitive health information. Here are the details on this position.

Your role in our mission

•    Serves as a compensation consultant to HR partners and management regarding compensation policies, programs and issues. May be a team lead for a practice area or unit within Compensation. Performs more complex analyses of jobs, wages, salaries and organizational structures to evaluate and ensure internal equity, external competitiveness and legal compliance of the unit's pay practices. Recommends and implements changes to salary ranges, budgets and/or policies.

•    Considers internal and external factors and overall strategic plan. Designs and recommends variable compensation programs such as bonus plans, incentive compensation and sales compensation to management to meet the needs of the business unit and/or organization.

•    Ensures plans are competitive while within the budgetary constraints and overall compensation strategy of the organization.

•    Participates in the annual performance review and merit increase process. Develops program materials and counsels unit management on distribution of dollars based on performance reviews and addresses compensation related concerns.

•    Reviews recommended salary adjustments for conformance to established guidelines, policies and practices. Approves and processes adjustments within established level of approval.

•    Oversees and/or prepares compensation reports, programs and other initiatives and presents findings/recommendations to HR partners or management.

•    Reviews existing and proposed statutory requirements governing compensation administration and recommends appropriate courses of action. Provides leadership and work guidance to less experienced personnel.

What we're looking for

•    Bachelor's degree or equivalent combination of education and experience Bachelor's degree in business administration, human resources, industrial relations, liberal arts or related field.
•    Preferred Certification in Compensation.
•    Eight or more years of compensation experience.
•    Advanced Excel expertise, including complex formulas, modeling, and data analysis.
•    Power BI proficiency for data visualization and business insights.
•    Forecasting and predictive analytics experience to support compensation planning.
•    Automation experience to streamline compensation processes and reporting.
•    Ability to assess, evaluate, and deliver data driven recommendations for compensation decisions.
•    Compensation reporting experience, including stakeholder ready outputs.
•    Dashboard development experience to monitor trends, effectiveness, and outcomes.
•    Experience leveraging Aon and Mercer surveys for submission, benchmarking, and competitive pay structure development.

Other Qualifications:

•    Strong analytical skills.
•    Strong interpersonal skills for interacting with management and employees on compensation issues Strong comprehension skills for understanding needs and concerns and developing and applying solutions.
•    Strong organization and time management skills.
•    Strong ability to prioritize and meet deadlines. 
•    Ability to maintain high level of confidentiality regarding employee information.
•    Ability to work independently, as part of a team and lead others.
•    Ability to understand and apply federal, state and local changes and/or new regulations/laws pertaining to human resources.

What you should expect in this role

•    Opportunity to work on challenging, impactful projects leveraging the latest technologies.
•    A collaborative and supportive team environment where your contributions are recognized.
•    Access to resources and opportunities for continuous learning and skill development.
•    Recognition for your technical expertise and problem-solving abilities.
•    Career growth in a fast-paced, innovative organization.
•    Work Environment: Remote.
•    Work Hours: The working hours for this role are 1:30 PM to 11:30 PM (IST). There may be few scenarios where you may have to stretch in case of important/urgent calls.