About the Job
The Senior Manager, Compensation develops people strategies and programs that support the achievement of business objectives and is responsible for managing the compensation function for all functions. The Senior Compensation manager plans, develops and implements new and revised compensation programs, policies, and procedures to be responsive to the company's goals and competitive practices. This position is also responsible for ensuring through audits, legal reports, and personal interactions that company’s compensation programs are consistently administered in compliance with company policies and government regulations.
• Monitor the effectiveness of existing compensation policies, guidelines, and procedures, recommending plan revisions as well as new plans that are cost-effective and consistent with compensation trends and corporate objectives.
• Provide advice to leaders on pay decisions, policy & guideline interpretation, and job evaluation, including the design of creative solutions to specific compensation-related programs.
• Manage the administration of base compensation programs.
• Maintain methods to ensure proper compensation levels for jobs (i.e. compensation ranges and individual market pricing.)
• Supervise the administration of the annual compensation cycles including base salary adjustments, short-term incentive payouts, and long-term incentive awards.
• Develop techniques for compiling, preparing and presenting data, and effectively model different scenarios to understand cost implications related to various decision points.
• Supervise the participation in, conduct and/or purchase exempt and nonexempt salary surveys to ensure corporate compensation objectives are achieved.
• Maintain knowledge of federal, state and local compensation laws and regulations, and adjust policies as changes occur to ensure company compliance.
• Partner closely with Finance and Commercial Team representatives to aid in sales incentive program design.
• Manage compensation projects and project teams from conception stages to implementation and oversee the development of project plans, timelines, ensuring accuracy and communication about changes.
• Regularly meet with business leaders and employees both one-on-one and in large scale group meetings to discuss and train on compensation related matters.
• Stay well-informed of applicable laws, such as federal and state pay equity, changes and ensure FMI’s programs are compliant in coordination with legal counsel.
• Lead and manage a team of one or more compensation analysts.
• Other duties as required.
• Bachelor’s Degree
• 6+ years of compensation related experience
• 8+ years of experience in Human Resources or related
• Demonstrated history of successfully managing multiple concurrent initiatives and maintaining one’s own workflow
• Strong knowledge of Radford Survey data, tools, and resources
• Knowledge of Willis Towers Watson, and Mercer surveys
• Familiarity with state and federal laws and OFCCP requirements as they relate to compensation and human resources
• Expertise using Microsoft Excel
• Demonstrated ability to meet project deadlines
• Demonstrated ability to present content in a clear, concise manner
• Ability to perform sophisticated analysis on multiple forms of data
• Ability to cope with and adjust to stressful situations and ability to engage in difficult discussions related to compensation
• Demonstrated meticulous attention to detail and strong organizational skills
• Understanding of HIPAA and importance of privacy of patient data
• Commitment to FMI values: patients, innovation, collaboration, and passion
Confidence, or the belief that we need to check every box before applying for a job, can sometimes hold us back from going after a role that inspires us. At Foundation Medicine there's no such thing as the 'perfect' applicant, and our company is a place where every employee can make an impact and continue to grow whatever background they may have or path they may have taken. So, as long as you meet the basic qualifications for a role, please apply if you see a position that would make you excited to come into Foundation Medicine every day and help us transform cancer care.
Internal applicants, please use your FMI email address.
Foundation Medicine is proud to be an Equal Opportunity and Affirmative Action employer and considers all qualified applicants for employment without regard to race, color, religion, sex, gender, sexual orientation, gender identity, ancestry, age, or national origin. Further, qualified applicants will not be discriminated against on the basis of disability or protected veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements. See also FMI’s EEO Statement and EEO is the Law and Supplement. If you have a disability or special need that requires accommodation, please let us know by completing this form. (EOE/AAP Employer)
To all recruitment agencies: Foundation Medicine does not accept agency resumes. Please do not forward resumes to our jobs alias, Foundation Medicine employees or any other organization location. Foundation Medicine is not responsible for any fees related to unsolicited resumes.