Indiana University Heath (IU Health), one of the largest employers in the State of Indiana and one of the Top Ten single-state nonprofit health systems in the United States. IU Health seeks team members who share the things that matter most to us. People who are inspired by challenging and meaningful work for the good of every patient. People motivated to do their best every day. People who are always ready to apply themselves. IU Health's vision is to lead the transformation of healthcare through quality, innovation and education, and make Indiana one of the nation’s healthiest states.
Through its 17 hospitals (a mix of urban, suburban and rural facilities), IU Health offers a full range of specialty and primary care services for children and adults. Statewide, IU Health has more than 2,600 staffed beds, $6.43 billion in net total operating revenue, and strategic service lines including cancer, cardiovascular, neuroscience, orthopedics, pediatrics and transplant, that have received national recognition for quality patient care over the decades. IU Health has over 34,000 team members.
The Executive Director of Compensation is responsible for designing and managing all elements of compensation ensuring integration and alignment of pay with overall goals and objectives in accordance with IU Health’s Total Rewards Principles. The Executive Director of Compensation is expected to develop, implement, and evaluate IU Health’s compensation programs, including base pay, incentive pay, premium pay, and partner with our Learning team on performance management programs. Driving compensation philosophy, this role interfaces with senior leadership, front-line team members, executes corporate development strategy, and drives change initiatives across the system to optimize organizational potential. This role champions and communicates a compelling Total Value of Employment message. Reporting to the Vice President of Total Rewards & Shared Services, he/she manages a team comprised of a Manager of Compensation and six compensation consultants.
This individual must be a dynamic and accomplished executive who can work effectively in a highly matrixed and relationship-driven culture. S/he collaborates with HR business partners, cross-functional stakeholders & senior leadership to ensure that compensation strategy and programs support the business objectives and meet all legal requirements. This position provides subject matter expertise and guidance to leaders and other professionals regarding compensation recommendations, strategy, administration, procedures and policies, and communication. The Executive Director of Compensation must embody IU Health’s mission, embrace its vision and will lead through respect, humility, and intellectual curiosity.
Evaluates the effectiveness of existing compensation policies, guidelines and procedures. Using knowledge of and research about current trends, recommends program revisions as well as new programs which are effective, efficient, and are in support of and consistent with the organization’s objectives.
Works with VP of Total Rewards & Shared Services on implementation of new or revised programs.
Develops and coordinates with HR business partners & leadership on communication of new/revised programs.
Develops analytical standards, program policies and internal/external procedures for consistent and equitable execution and implementation of compensation programs.
Provides advice to management and partner on pay decisions, policy and guideline interpretation, and job design ensuring the delivery of creative solutions to specific compensation-related programs.
Oversees and directs comprehensive and thorough analysis of IU Health compensation programs through participation in market surveys, market analysis, trend analysis and research.
Collaborates with business partners across the organziation on creating appropriate base pay ranges and hiring rate guidelines/grids (where applicable) and salary offers across the system. Ensures that appropriate documentation is maintained.
Supports the commitment to data-driven decision-making applying the Lean methodologies and leading the use of key performance indicators/metrics to bring forth positive change to improve existing processes.
Facilitates goal accomplishment by inspiring, motivating, and guiding others. Keeps apprised of federal, state, and local compensation laws and regulations and ensures that all compensation programs are compliant with regulations including FLSA, ADA and wage and hour laws.
Bachelor's degree in Human Resources, Administration, related field, or equivalent years of experience required; Master’s degree preferred.
7-10 years of relevant experience supporting or overseeing compensation frameworks in a complex corporate environment, similar experience in a healthcare environment strongly preferred.
Previous experience, knowledge, understanding in the design, development & administration of compensation programs.
Knowledge and understanding of compensation programs and philosophies.
Experience with matrix organization and complex work environment.
Evidence of leadership in promoting diversity and inclusion in the workplace and community.
Knowledge of applicable Federal, State, and Local regulatory agency guidelines and laws.
Employer will assist with relocation costs.
Additional Salary Information: Attractive Overall Benefits including relocation.
About Indiana University Health - IU Health
IU Health is among the top ten largest single-state nonprofit health systems in the United States. Through its 17 hospitals (a mix of urban, suburban and rural facilities), IU Health offers a full range of specialty and primary care services for children and adults. Statewide, IU Health has more than 2,600 staffed beds, $6.43 billion in net total operating revenue, and strategic service lines including cancer, cardiovascular, neuroscience, orthopedics, pediatrics and transplant, that have received national recognition for quality patient care over the decades. IU Health has over 34,000 team members.
Though IU Health is a separate 501(c)(3) organization, it maintains a unique partnership with Indiana University (IU). The IU School of Medicine (IUSM) is the largest medical school in the US and is annually ranked amoung the top medical schools in the nation by US News & World report. IUSM partners with IU Health to train physicians, blending breakthrough research and treatments with the highest quality of patient care. In FY ‘17-‘18, IUSM had more than $322 million in grant research funding and trained 1,176 fellows and residents. IU School of Nursing, the state’s largest nursing sc...hool, also offers clinical training in IU Health facilities throughout Indiana. IU Health also collaborates with the IU School of Public Health, and other schools (business, law, etc.).
IU Health’s presence in Indianapolis includes three major flagship hospitals – IU Health Methodist Hospital, IU Health University Hospital and Riley Hospital for Children at IU Health – which comprise the academic health center (AHC) and provide nationally recognized clinical care to patients from across Indiana and beyond with severe or complex illnesses.