Vice President of Compensation
About The Position
Vice President of Compensation Leading Strategic Compensation Programs to Drive Organizational Success Position Overview The Vice President of Compensation is a critical enterprise leader responsible for shaping and advancing a comprehensive compensation strategy that enables organizational performance and long-term sustainability. This role designs and stewards innovative, market-competitive, and equitable pay programs that align with the system's priorities, strengthen talent attraction and retention, and reinforce a high-performance culture. Qualifications Serving as a trusted advisor to executive leadership, the VP partners closely with Human Resources, Finance, and operational leaders to ensure compensation strategies drive workforce outcomes, support financial stewardship, and advance fairness and transparency across the system. This leader brings a data-driven, forward-looking perspective to compensation design, ensuring programs are compliant, scalable, and positioned to meet the evolving needs of a complex healthcare environment.
Requirements
- Bachelor’s degree in Human Resources, Business Administration, Finance, or related field; Master’s degree or relevant certifications preferred.
- Minimum of 10 years’ experience in compensation, with at least 8 years of experience in compensation management in a senior leadership role.
- Expert knowledge of compensation principles, practices, and regulatory requirements.
- Strong analytical skills with the ability to interpret complex data and make strategic recommendations.
- Experience with executive compensation, incentive design, and equity programs.
- Excellent communication and presentation skills, with the ability to influence senior stakeholders.
- Proven leadership and team management abilities.
- High level of integrity, confidentiality, and professionalism.
Nice To Haves
- Master’s degree or relevant certifications preferred.
Responsibilities
- Develop and lead the overall compensation strategy, including base pay, incentive programs, and executive compensation.
- Ensure compensation programs are aligned with organizational goals, market competitiveness, and regulatory compliance.
- Conduct market analyses and benchmarking to inform compensation decisions and maintain competitiveness.
- Oversee the design and administration of salary structures, job evaluations, and pay grades.
- Manage annual compensation review cycles, including merit increases, bonus allocations, and equity programs.
- Collaborate with HR leadership on talent management initiatives, workforce planning, and organizational design.
- Guide senior management on compensation matters, including executive pay.
- Monitor emerging compensation trends, legislative changes, and leading practices to ensure programs remain current and effective.
- Lead and mentor the compensation team, fostering a culture of excellence and continuous improvement.
- Ensure compliance with federal, state, and local regulations, including FLSA, EEOC, IRS, and healthcare-specific requirements.
- Monitor the effectiveness of compensation programs through metrics such as retention, engagement, and cost effectiveness.
- Recommend adjustments based on data-driven insights.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
