
Vice President, Enterprise Provider Compensation
- Eden Prairie, MN
- Permanent
- Full-time
- Design, consult and implement Provider compensation programs; assemble compensation packages, analytic support of Provider compensation programs
- Gain consensus on Provider compensation philosophy and desired strategy
- Perform
- Assist leadership with determining desired market position for total cash compensation
- In collaboration with the business and leaders, develop general compensation design template (with decision making on metrics at local level)
- Act as an internal and external consultant to the Provider organization; responsible for building solid relationships with Provider leaders of each business to ensure effective compensation solutions and strengthen Provider engagement
- Conduct salary survey participation and analysis as well as annual review of market data; communicate compensation range information
- Respond to inquiries regarding total cash compensation, incentive and productivity information, salaries deductions, overtime pay, etc.; compiles, categorizes, calculates, tabulates, audits and verifies Provider earnings, quality indicators, RVUs, coding and productivity information for pay change recommendations
- Responsible for providing annual FMV analysis and presentation to Optum Health senior leadership
- Liaison for participation in external surveys providing annual presentation of survey information to leaders
- Ensure appropriate interpretation of pay practices and board of director rules
- Perform compensation functions such as implementing/administration of Provider compensation programs, assembling compensation packages, participating in salary surveys and analyzing survey data and providing analytic support on compensation projects
- Work on the most complex compensation projects; independently drive and complete the projects with little to no oversight
- Work with the compensation leadership to proactively identify value added compensation initiatives
- Works directly with Human Capital Partners on complex field-initiated projects, generally with no oversight
- Evaluate new Provider jobs for appropriate title and grade, typically at the manager and director levels
- Remain abreast of best practices and thought leadership in the compensation field
- Directly manage Compensation resources in the design and administration of sales incentives and total reward programs
- Demonstrated ability to partner with multiple constituents, manage in a matrix relationship environment, strengthen and deliver on our Compensation agenda and drive positive change in a high-performance setting
- 15+ years of experience, with demonstrated management and high-level project management lead experience
- 15+ years of Provider compensation experience including experience with analysis and understanding of Provider practice metrics
- Executive level understanding of and practical experience in applied compensation principles, methods and tools including technical expertise in the following: market analysis, compensation program design, development and implementation, variable pay (including sales), salary planning/forecasting, acquisitions and alternative reward design techniques
- Proven business and financial acumen
- Proven consulting skills from assessment through implementation
- Demonstrated ability to measure and evaluate effectiveness of compensation initiatives
- Solid history of quickly building relationships, gaining credibility, influencing and partnering with business leaders and human capital peers across the organization
- Experience working in a human resources or business function with a strategic business partner and shared service delivery model
- Solid change management skills