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Penn State Health
Reading, Pennsylvania
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United States - Nationwide
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Mount Joy, Pennsylvania
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Develop, implement, and administer the Physician and Provider Compensation Programs. Work closely with the finance, legal, revenue cycle and human resources teams to establish accurate reports and compensation calculations to align with compensation policies, compensation plans and system policies. Conduct analyses to ensure equitable compensation for current teammates, support the data and reporting needs of the teammate population, and support equity analyses throughout the community physicians' practices.
Responsibilities:
- Lead analysis for compensation projects related for assigned providers
- Recommend compensation packages for new hires, based on specialty or discipline, appropriate benchmark data, productivity expectations, and internal equity analyses aligned with compensation guidelines and compensation plans
- Prepare and deliver market analyses, pay analyses and other compensation services
- Provide data and reporting support for annual compensation programs including preparing, analyzing, and disseminating data as appropriate
- Participate in the compensation budget and effort including budget review and monitoring to ensure the financials correctly reflect all expense and are attributed to appropriate accounts based on internal and external guidelines.
- Participate in and inform the annual compensation budget planning process.
- Work closely with Finance Team to ensure compensation programs are competitive, cost effective, drive and reward a high-performance culture and are aligned with current and future strategic direction
- Partner with Finance and Human Resources leaders to administer annual compensation process, including analyzing recommendations for pay levels internally and to appropriate benchmarks
- Assist in the development of resources and guidance documents to support leaders and teammates
- Complete data submissions to benchmark salary surveys; identify and track opportunities for new survey matches throughout the year; and utilize market data to recommend appropriate compensation ranges
- Compile data for pay equity reviews, partnering with leadership, human resources, external vendors, and legal as necessary to ensure equity reviews are conducted appropriately and on time, with complete data to make recommendations to leadership
