Principal Physician Compensation Analyst – Remote at Mayo Clinic

Why Mayo Clinic

Mayo Clinic is top-ranked in more specialties than any other care provider according to U.S. News & World Report. As we work together to put the needs of the patient first, we are also dedicated to our employees, investing in competitive compensation and comprehensive benefit plans – to take care of you and your family, now and in the future. And with continuing education and advancement opportunities at every turn, you can build a long, successful career with Mayo Clinic. You’ll thrive in an environment that supports innovation, is committed to ending racism and supporting diversity, equity and inclusion, and provides the resources you need to succeed.

Responsibilities

Leads development, planning and execution on complex and/or enterprise-wide compensation initiatives and serves as a primary point of contact for the compensation function in support of Compensation and Total Rewards leadership. Has full understanding of the Total Rewards vision and strategy and is responsible for leading execution on compensation strategic initiatives. Demonstrated agility in working with rapidly developing project scope and plan. Synthesizes and drives solutions between cross-functional stakeholders and navigates established governance processes, including ability to prepare materials for and present at leadership and board level committees in support of Total Rewards and Compensation leadership. Provides direction, coaching, training, and mentorship for team members and colleagues, as appropriate, in alignment with compensation best practices and organizational policy and practices, including partnering with HR colleagues and business stakeholders to develop and adjust policies and practices to meet the needs of the evolving organization.

Acts as an enterprise-wide subject matter expert for the compensation function, including ability to consult and deliver insights, design, model, and implement new and existing pay program(s) and practices. Focuses on providing consultant-level compensation services on the most complex compensation issues. Leads large scale reorganizations and equity reviews, which may include conducting and/or overseeing job creation/evaluations and other core compensation functions.

Supports the compensate and total rewards leadership in driving opportunities to create efficiencies within the compensation team and across the total rewards function with a mindset of continuous process improvement.

This vacancy is not eligible for sponsorship/we will not sponsor or transfer visas for this position.

This position is 100% remote; can work from anywhere from the U.S.

Qualifications

Bachelor’s degree in human resources, business, or related field. Eight years of related experience required, five of which must be specific to compensation experience. Experience with other function aspects of Total Rewards preferred. Certification preferred. Advanced Excel skills to perform and present complex compensation data analytics.

Ability to maintain the highest level of confidentiality.
Healthcare experience preferred
Experience supervising exempt staff
Ability to provide expert level compensation support
Knowledge of Federal and State regulations related to compensation
Effective presentation skills
Ability to provide training and mentor, coach and provide consistent direction to team
Proficient in Excel, Word, and Power Point
Demonstrated ability to set priorities and to respond to changing demands from multiple sources
Ability to follow-through, meet deadlines, anticipate requirements, and build relationships
Strong analytical and problem-solving skills
Ability to communicate effectively with diverse groups including attorneys, physicians, patients, allied health staff, researchers, and vendors
Ability to lead in a team environment with minimal supervision
Demonstrated ability to lead a team through influence and drive continuous process improvement using exceptional change management skills
Supports a culture of excellence by developing, mentoring and coaching the team with positive approach

Preferred Experience:

Knowledge of physician compensation structures, programs, and administration of physician compensation plans
Knowledge of key regulatory requirements surrounding physician compensation, compensation models that may include variable components (such as RVU, quality, or other metrics)
Experience providing analysis for physician compensation structures that may require specific needs by specialty.
Experience working with physician leaders to assist in compensation-related topics preferred.

Exemption Status

Exempt

Compensation Detail

$111,009.60 – $160,971.20 / year

Benefits Eligible

Yes

Schedule

Full Time

Hours/Pay Period

Schedule Details

Business hours

Weekend Schedule

as needed

International Assignment

Site Description

Just as our reputation has spread beyond our Minnesota roots, so have our locations. Today, our employees are located at our three major campuses in Phoenix/Scottsdale, Arizona, Jacksonville, Florida, Rochester, Minnesota, and at Mayo Clinic Health System campuses throughout Midwestern communities, and at our international locations. Each Mayo Clinic location is a special place where our employees thrive in both their work and personal lives. Learn more about what each unique Mayo Clinic campus has to offer, and where your best fit is.

Affirmative Action and Equal Opportunity Employer

As an Affirmative Action and Equal Opportunity Employer Mayo Clinic is committed to creating an inclusive environment that values the diversity of its employees and does not discriminate against any employee or candidate. Women, minorities, veterans, people from the LGBTQ communities and people with disabilities are strongly encouraged to apply to join our teams. Reasonable accommodations to access job openings or to apply for a job are available.

Recruiter

Maggie Kramer

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