Welcome to Humana! We are currently seeking a highly experienced and driven individual to join our team as the Vice President of Compensation. In this role, you will be responsible for overseeing all aspects of our compensation programs and ensuring that they align with our company's goals and objectives. As a key member of our HR leadership team, you will have the opportunity to shape and enhance our compensation strategies to attract, motivate, and retain top talent. To be successful in this role, you must have a combination of strong leadership skills, deep knowledge of compensation principles, and a passion for fostering a culture of fairness and equity. If you are ready to make a significant impact on our organization and drive our compensation practices to the next level, we encourage you to apply for this exciting opportunity.
- Develop and implement effective compensation strategies that align with the company's overall goals and objectives.
- Oversee the design, implementation, and administration of all compensation programs, including salary structures, bonuses, and equity plans.
- Conduct regular market analysis to ensure our compensation packages are competitive and attractive to top talent.
- Partner with HR and business leaders to understand and anticipate compensation needs and make recommendations for improvements.
- Lead the development and implementation of compensation policies and procedures to ensure fairness and equity across the organization.
- Manage the annual compensation review process, including budget planning, salary adjustments, and bonus payouts.
- Collaborate with Finance and Legal teams to ensure compliance with all compensation-related laws and regulations.
- Provide coaching and guidance to HR and business leaders on compensation-related matters.
- Monitor and analyze compensation trends, and make recommendations for adjustments or updates as needed.
- Lead and mentor a team of compensation professionals to ensure high-quality and timely delivery of compensation services.
- Keep abreast of industry best practices and trends in compensation and make recommendations for continuous improvement.
- Participate in executive-level discussions and decision-making regarding compensation and benefits.
- Present compensation-related information and updates to senior leadership and the Board of Directors.
- Collaborate with recruiting teams to develop competitive offers for top candidates.
- Ensure clear communication and understanding of compensation programs and policies to all employees.
Extensive Experience In Developing And Implementing Compensation Strategies And Programs, Preferably In A Large Organization.
In-Depth Knowledge Of Federal And State Laws And Regulations Related To Compensation, Including Flsa, Eeo, And Pay Equity.
Strong Analytical And Problem-Solving Skills, With The Ability To Use Data To Make Informed Decisions And Identify Areas For Improvement.
Excellent Communication And Interpersonal Skills, With The Ability To Effectively Collaborate With Cross-Functional Teams And Communicate Complex Information To Senior Leadership.
Proven Leadership Experience, With The Ability To Manage And Develop A Team, Set Strategic Direction, And Drive Results In A Fast-Paced, Dynamic Environment.
Budgeting
Strategic Planning
Performance Management
Data Analysis
Market Research
Benefits Administration
Incentive Programs
Employee engagement
Leadership development
Executive Compensation
Compensation Design
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
Interpersonal Skills
Creative Thinking
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a VP, Compensation in Louisville, KY, USA is between $177,000 and $250,000 per year. This may vary depending on the specific company, industry, and level of experience of the individual. Additionally, bonuses, benefits, and other forms of compensation may also be included in this range.
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Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. Its strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people they serve across the country. The company operates its business through the following segments: Retail, Group, and Healthcare Services.
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