Manager, Compensation

"Are you a skilled and experienced human resources professional looking to take on a leadership role in a dynamic and prestigious healthcare organization? Yale New Haven Health System is seeking a highly qualified Manager of Compensation to join our team. In this role, you will have the opportunity to make a significant impact by developing and implementing compensation strategies that attract and retain top talent, while ensuring fairness and equity for all employees. We are looking for someone who is analytical, detail-oriented, and passionate about creating a positive and rewarding work environment. If this sounds like you, we encourage you to apply for this exciting opportunity."

1. Develop and implement compensation strategies in line with the organization's goals and objectives.
2. Conduct thorough market research and analysis to ensure competitive and fair compensation packages for all employees.
3. Work closely with HR team to identify and address compensation-related issues and concerns.
4. Design and maintain compensation plans, including base pay, bonuses, and incentives.
5. Ensure compliance with federal and state laws and regulations regarding compensation.
6. Collaborate with hiring managers to determine appropriate salary ranges for new positions.
7. Advise and consult with senior leadership on compensation-related matters.
8. Oversee the administration of the annual performance evaluation and salary review process.
9. Develop and maintain communication and training materials on compensation policies and procedures for employees and managers.
10. Monitor and analyze compensation trends and provide recommendations for adjustments as needed.
11. Participate in job evaluations and classification studies to determine appropriate salary levels.
12. Manage the compensation budget and provide reports and analysis to senior leadership.
13. Stay up-to-date on industry trends and best practices in compensation and make recommendations for improvements.
14. Lead and mentor a team of compensation professionals.
15. Foster a positive and inclusive work environment that values fairness and equity in compensation.

According to JobzMall, the average salary range for a Manager, Compensation in New Haven, CT, USA is between $105,000 and $140,000 per year. However, this can vary depending on the industry, company size, and level of experience. Some managers may earn higher salaries, up to $200,000 or more, while entry-level managers may earn closer to $80,000 or less. Additionally, managers with specialized skills or certifications in compensation and benefits may also command higher salaries.

YNHH is the 1,541-bed teaching hospital for Yale School of Medicine. Connecticut’s leading healthcare system, consisting of Bridgeport, Greenwich, Lawrence + Memorial, Yale New Haven and Westerly hospitals, and Northeast Medical Group, a physician foundation of primary care and medical specialists.