*This role is remote, location preference would be North Carolina*
Associate Director of Compensation is responsible for day-to-day management and administration of PMG compensation plans and programs. Conducts analysis and interpretation related to the organization’s compensation programs globally. Leads salary survey participation including job matching and competitive benchmarking. Supports development of job families, job levels, salary grade and structures. Support annual compensation (merit/promotion and bonus) planning process.
Essential duties include but are not limited to:
- Participates in annual salary administration programs, including salary grade and structure creation.
- Provides data analytics for the maintenance and development of incentive or salary increase budgets.
- Participates in administration of annual performance management, incentive, or salary increase programs.
- Conducts market benchmarking analysis to determine competitive positioning of the organizations jobs and pay programs.
- Evaluates the organizations job descriptions, providing feedback and consulting as needed.
- Participates and manages salary surveys by matching PMG jobs to available salary surveys reference jobs and provides organizational data to these survey providers.
- Ensures HR systems are configured/maintained in a way that support overall compensation priorities and policy.
- Partners with HRIS for ongoing data integrity checks.
- Produces HR Metrics related to compensation and offer insights to the Business and HR Teams.
- Provides guidance, coaching, mentoring and training to HR Business Partners on compensation-related issues.
- Provides input on compensation policy and procedure creation.
- Generate compensation metrics and provide analysis and recommendations based on them.
- Participates in HR and Total Reward projects (i.e. SAP/SuccessFactors implementation).
- Supports US and Global compensation matters as needed.
Minimum Required Qualifications:
- Advanced Excel skills needed and strong attention to detail.
- Demonstrated logic and analytical skills, including strong fundamental math skills.
- Ability to communicate with managers and leaders at all levels, including training/explanation skills
Ability to manage multiple projects at the same time
Other Required Qualifications:
- Key competencies are:
- Communication & presentation skills
- Analysis/problem solving
- Teamwork
- Self-Starter
- Bachelor's degree in a related major and 8 or more years of experience in compensation.
- Performs work with a high degree of independence and latitude.
- Ability to handles complex issues.
- Possesses expert knowledge of subject matter.
Strongly Preferred Experience:
- Global compensation experience within mature international organizations
- Experience in Life Sciences, Pharmaceutical or other industry directly related to one of PMG’s service lines.
- Experience with PayFactors and SAP/SuccessFactors HRMS a plus.
- Experience matching jobs, as well as designing and developing a salary grade structure.
- Has worked with short term incentive plans and/or sales plans.
Precision is required by law in some states or cities to include a reasonable estimate of the compensation range for this role. This compensation range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to: skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Precision, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. This role is also eligible for a discretionary annual bonus, health insurance, retirement savings benefits, life insurance and disability benefits, parental leave, and paid time off for sick leave and vacation, among other benefits.
Reasonable estimate of the current range
$150,000—$170,000 USD
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Precision Medicine Group is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law. © 2020 Precision Medicine Group, LLC
If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact Precision Medicine Group at QuestionForHR@precisionmedicinegrp.com.
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What We Do
We founded Precision Medicine Group in 2012 because we believed there was a transformational opportunity to improve the process of bringing new drugs to market. It involves utilizing technology, data, and human expertise. It is a big challenge that requires diverse talents. Our model involves both nurturing and investing organically and acquiring capabilities that we do not have but critically need. Our core executive team is anchored to this model, building life science services that address fundamental changes in healthcare that are necessary for health and outcomes improvement.
