As a Compensation Manager you will support, provide input, and lead the implementation of new compensation programs. You will lead the research, development and recommend enhancements to compensation policies and practices that support the growth of the organization. In this role you will partner with other HR professionals to support the business to achieve divisional objectives by providing sound and relevant compensation advice and recommendations to attract and retain key talent. This role report to the Sr. Director, Total Rewards.
Why you'll love working here:
Open concept office designed to facilitate communication and collaboration
Business casual dress code
World class Defined Benefit pension
100% company paid Extended Health and Dental benefits
Annual wellness program for reimbursement of health & wellness related expenses
On-site fitness, yoga and meditation classes as well as massage therapy
You're making an impact and helping to deliver on our Pension Promise
What you will do:
Compensation Program Design & Management
Ensures compensation programs are fair, competitive and legally compliant
Implements, administers and communicates short- and long-term incentive compensation plans to all employees
Responsible for the rollout and communication of incentive plan objectives and targets to employees, via grants and notices.
Administers the annual salary review process for all employees, including pay mix, retention and bonus programs
Partners with Marketing & Communications to review and update merit and incentive communication materials on an annual basis
Responsible for ensuring that programs are administered in alignment with HOOPP's, and Board related policies and guidelines
Develops in-depth analyses of financial impact of current and proposed compensation programs at the employee level
Prepares complex analyses to support/recommend program changes, report compliance and support pay decisions
Leads the annual budgeting process and forecasting analyses on a quarterly basis. Partners with other areas of HR to ensure employee data is current and relevant
Works with external consultants providing compensation design, market data, and legal advice, and ensures results are tailored to HOOPP's needs
Leads the design and maintenance of HR policies and procedures related to compensation
Consults with, and provides recommendations to HR Partners and divisional leaders on compensation strategies that include and are not limited to; pay decisions, policy and guideline interpretation, including the design of creative solutions to specific compensation-related programs that support divisional objectives
Prepares and presents analyses, recommendations, and presentations to senior leaders, Executives, as required
Supports HR Partners with salary recommendations and incentive calculations for existing employees and new hires
Job evaluation and market data
Evaluates jobs using approved methodology, collaborating with HR Partners to ensure roles are valued fairly across HOOPP, with the aim of supporting leaders in executing strategy through a functional organization design
Prepares pay recommendations based on job and organization design, market data, and internal equity
Recommends salary increase budgets and changes to ranges
Stays current on trends in compensation related to laws, market practice, and governance issues
Leads the Annual Year-end compensation process
Responsible for the technology platforms used to deliver the annual incentive award and salary review programs, including contributing to requirements, developing and prioritizing improvements, coordinating with IT, and testing and approving system changes
Partners with internal HR partners to ensure HCM system supports compensation related activities
Develops and rolls out the communication strategy, timelines and materials to senior management, HR colleagues and all other employees on a yearly basis
Develops and facilitates compensation education and training programs
Provides input for exceptions report for Board reporting on a quarterly basis
Prepare analysis, recommendations and related materials to support CEO and Executive team yearly compensation
Partners with HR Business Partners in the rollout of year-end related activities
Leads the preparation of audit binder for external auditors, including reconciliations
Research and Market Research
Works with other member of the Total Rewards team to ensure HOOPP's compensation policies are compliant with government regulations
Maintains a pulse on industry, market and legal intelligence for trends in compensation
Develops and maintains a professional relationship with peer pension plans regarding human resources issues, compensation
Develops complex analysis of HOOPP's market positioning both organization-wide and at individual levels
Recommends changes to salary structures and position movements to maintain HOOPP's desired competitive positioning
Recommends annual salary increase budget
Board and Committee Reporting
Supports the preparation of compensation-related Board and Committee materials
What you bring:
Bachelor's degree in Human Resources Management, Business Administration, or a related field.
CCP or SHRM certification preferred
7 - 10 years relevant experience in compensation
Extensive knowledge of compensation programs, policies, procedures, and applicable legislation.
Excellent qualitative and quantitative analytic and problem-solving skills
Excellent computer skills including with advanced MS Office
Experience managing compensation in a Human Capital Management (HCM) System
Strong analytical, problem-solving, and decision-making skills.
Business acumen, collaboration, and client-focused mentality to develop and strengthen business relationships
Superior written and verbal communication skills
Significant judgement and maturity in dealing with highly sensitive and confidential information
Superior project management skills including the ability to manage complex processes that cross business lines in a diplomatic and professional manner
Internal Number: 210052
About Healthcare of Ontario Pension Plan (HOOPP)
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 381,000 members who provide valued healthcare services at more than 590 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $94.1 billion at the end of 2019 and our funded status remained strong and stable at 119%.
HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees. We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation.
From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people.
Our high-performance culture is founded on collaboration, respect and belonging.... HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.