Sr. Compensation Consultant

Medica's Sr. Compensation Consultant will support the ongoing development of our compensation strategy in order to attract, retain and motivate employees while supporting business initiatives and growth. This position will participate in and facilitate various projects and assigned responsibilities in a fast paced and dynamic environment that has broad impacts across the enterprise.

This role is responsible for day-to-day administration of compensation policies and program and advises HR partners and company management on compensation policies and programs. This position conducts analyses of jobs and salaries in order to evaluate internal equity, external competitiveness, and legal compliance and makes recommendations regarding salary grades or market rates for specific jobs. The Sr. Compensation Consultant will be a strong contributor in the annual compensation activities such as the annual increase process, incentive participation letters and incentive payout process.

Key Accountabilities

• Participate in the annual increase process, incentive payout calculations and communications, and incentive participation communications
• Provide expertise, guidance and analytical support to business leaders and HRBPs on a range of day-to-day compensation issues, including market analysis for new positions and promotions, and addressing retention issues
• Perform complex analysis to identify opportunities and make recommendations for the development or modification of various compensation programs (base pay, incentive pay, comp plan design, etc.)
• Summarize and present recommendations and solutions to HR and business leaders
• Produce workforce analytics, audit compensation data and identify trends that are affecting the business
• Participate in the survey management process including survey selection, participation, results review and data migration to CompAnalyst (online market pricing tool)
• Additional job duties as assigned

Qualifications:

• Bachelor's degree or equivalent combination of education and work experience in a related field
• 7+ years of related work experience beyond degree

Skill Requirements:

• Excellent consultative skills and ability to build credibility with customers
• Strong written/verbal communication skills and ability to work with management
• Ability to manage multiple projects
• Strong understanding of FLSA, Equal Pay and other applicable wage laws and regulations
• Strong date and systems analytics and compensation modeling skills
• Advanced Excel skills

This position is a Hub role, which requires an employee to occasionally come onsite to the designated office - Minnetonka, MN - for applicable heads-up work. Frequency is determined by business need as decided by leadership.

The full salary range for this position is $85,000 - $145,700. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to base compensation, this position may be eligible for incentive plan compensation in addition to base salary. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Medica's commitment to diversity, equity and inclusion (DEI) includes unifying our workforce through learning and development, recruitment and retention. We consistently communicate the importance of DEI, celebrate achievements, and seek out community partnerships and diverse suppliers that are representative of everyone in our community. We are developing sustainable programs and investing time, talent and resources to ensure that we are living our values. We are an Equal Opportunity/Affirmative Action employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.