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Compensation Consultant

Company: Bright Health
Location: Minneapolis
Posted on: February 25, 2021

Job Description:

Bright Health is seeking a highly collaborative Compensation Consultant for its rapidly growing organization. The Compensation Consultant will work as a key part of the Total Rewards team in analyzing, designing and administering Bright Health compensation programs, including base pay, incentive pay, equity and recognition. YOUR RESPONSIBILITIES

  • Provide expertise and guidance for People Business Partners, Talent Acquisition team and business managers with regards to compensation programs, processes and daily activity to attract and retain talent
  • Manage Bright's job evaluation and market pricing system, including assesses job responsibilities and duties to determine grades, external benchmarking, auditing jobs for content and ensuring compliance with all compensation related legislation, including FLSA
  • Manage acquisition compensation needs including due diligence, needs assessment and modeling and integration of acquisition into Bright structure
  • Manage relationships with survey providers, data submissions and downloading survey results
  • --Analyze survey results to verify trends and impact
  • Manages annual compensation process for merit review and annual incentive
  • May assist with design and administration of sales and production incentive plans
  • Assist with drafting Compensation Committee materials including analysis, modeling and preparation of sections of the CD&A proxy statement
  • Project and program analysis and review, including retirement, severance and recognition EDUCATION, TRAINING, AND PROFESSIONAL EXPERIENCE
    • Bachelor's degree in Human Resources, Finance, Business Management or a related field
    • Seven (7) or more years' experience working in human resources with a minimum of 3 years in compensation
    • 2 years' experience in fast-paced, high growth work environment preferred
    • Proficient in Microsoft Office suite including Word, Excel, Access and PowerPoint
    • Demonstrated ability to develop and implement process enhancements and efficiencies.
    • Ability to work with ambiguity and strong detail orientation
    • Healthcare experience preferred
    • Workday and Comp Analyst experience preferred
    • CCP certification or pursuit of designation PROFESSIONAL COMPETENCIES
      • Strong interpersonal skills shown by a demonstrated ability to work effectively, build strong relationships and trust with key stakeholders and employees at all levels
      • Sophisticated executive demeanor and comfortable functioning with senior and executive leadership
      • Highly diplomatic and adept at communicating (written and verbal) with all levels of individuals, ability to influence without being abrasive; willing to put tough issues on the table and hold people accountable for their behavior, yet flexible in approach and is willing to compromise when necessary
      • Collaborative approach with outstanding listening skills and the ability to manage through influence
      • Strategic planning and large-scale program leadership expertise
      • In possession of analytical and problem-solving skills with the ability to seamlessly scale from high-level strategy to results-oriented operational details
      • Delivering objectives using a change management and project management approach
      • Able to maintain confidentiality - keeps sensitive data confidential and protects and safeguards this information
      • Ability to thrive in a fast paced, high growth environment
      • Takes initiative - is internally inspired to perform a task to the best of one's ability using their own drive and initiative with strong organizational/prioritization skills and close attention to detail
      • Self-confident and energetic -comfortable making decisions and strong ability to decipher and define priorities; works at a fast pace
      • Risk Assessment & Risk Mitigation - perform comprehensive due diligence to assess and manage risk(s) with implementations, execution, and accessibility. To include appropriate budgeting, budget management, and communication of risk assessment, and planned risk mitigation for the organization
      • Experience coaching, consulting and partnering to develop company leaders
      • Adept at strategic thinking and problem solving
      • Understanding of HR best practices and current regulations LICENSURES AND CERTIFICATIONS
        • Certified Compensation Professional CCP ABOUT US At Bright Health, we brought together the brightest minds from the health care industry and consumer technology and together we created Bright Health: a new, brighter approach to healthcare, built for individuals. Our plans are easy to manage, personalized and more affordable, giving people the quality care they deserve. Through our exclusive care partnerships with leading health systems in local communities we are reshaping how people and physicians achieve better health together. We're Making Healthcare Right. Together.-- We've won some fun awards like:--Great Places to Work ,--Modern Healthcare ,--Forbes , etc. But more than anything, we're a group of people who are really dedicated to our mission in healthcare. Come join our growing team! As an Equal Opportunity Employer, we welcome and employ a diverse employee group committed to meeting the needs of Bright Health, our consumers, and the communities we serve. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

Keywords: Bright Health, Minneapolis , Compensation Consultant, Professions , Minneapolis, Minnesota

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