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Summary

The Michigan Medicine Department of Human Resource is seeking an experienced Executive Compensation Consultant as we grow our compensation function to advance health to serve Michigan and the world. In collaboration with the Director of Compensation and external consultants, lead the design, enhancement and ongoing management of Michigan Medicine’s executive compensation and incentive programs. This position may be filled at either the lead or senior level depending on qualifications. Reports to the Director of Compensation. Teleworking opportunities are available.

Mission Statement

Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally.  Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.

Why Join Michigan Medicine?

Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world’s most distinguished academic health systems.  In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.

WHY WE ARE HIRING

Michigan Medicine is making substantial investments in our extraordinary teams in support of our mission, vision, and priorities.  We are committed to ensuring that our total compensation package is competitive and equitable for all employees. As health care experiences the toughest labor market in years, we have made expedited and strategic adjustments in our recruitment & compensation practices to retain and attract talented team members which remain our top priority. As a result, we have grown the size of our compensation department by adding new, permanent positions.

What Benefits can you Look Forward to?

• Excellent medical, dental and vision coverage effective on your very first day
• Flexible spending accounts
• Prescription Drug Plan
• Mental and emotional health programs
• Child Care Resources
• Life Insurance
• Legal Services Plan
• 2:1 Match on 401K

Another reason to Go Blue!

• Nationally Recognized for work/life effectiveness by WorldatWork
• Top 5 employer in Michigan by Crain’s Detroit Business
• Fobes #1 Best Employer in Michigan
• Ranked #11 in the US and best in Michigan “Best Hospitals” rankings for 2020-21
• Five medical specialties ranked in the nation’s top 10 and was ranked No. 1 in the state of Michigan.
• Michigan Medicine ranked #15 in Newsweek’s “World’s Best Hospitals” rankings

Responsibilities*

• Manages the executive compensation program including the design and administration of salary, short and long-term incentive plans, pay policies, rewards and benefits, performance measurement/goal setting, peer group development, benchmarking, joint ventures, etc.

• Builds strong relationships to understand business needs and provides full service total rewards consultation.

• Leads and supports multiple executive compensation projects, including the strategic assessment of program effectiveness and modeling of potential program changes, developing, and managing policies and processes, and complying with regulatory changes.

• Proactively recommends and implements improvements to current executive compensation programs, policies, and processes for both immediate and long-term objectives, ensuring our programs and practices remain innovative, competitive, efficient, and effective.

• Guides the decision-making process and outcomes by providing detailed analysis/models, innovative recommendations, and expert knowledge.

• Maintains awareness of the latest trends and regulations regarding executive compensation.

• Consults with leaders and business partners regarding executive and variable pay issues including benchmarking, leveling, performance, and compensation recommendations.

• Monitors federal, state, and local compensation regulations. Audits pay practices to ensure compliance with wage and hour laws, regulations and internal pay policies.

• Leads the development of materials prepared for leadership teams and the Compensation Committee

• Manages external vendor relationships

• Lends expertise to staff (broad based) compensation as needed

• Participates in professional development to maintain and grow compensation capabilities.

• Performs other duties as assigned.

Required Qualifications*

Education: Bachelor’s degree

Bachelor’s degree, preferably in business administration, finance, economics human resources, or related fields that use quantitative analysis. Additional education including graduate degrees and WorldatWork compensation certifications may be substituted for experience.

EXPERIENCE: Minimum 8 years

At least 8 years of progressive broad-based and executive compensation experience for the lead level and 5 years of experience for the senior level, preferably in a large, complex organization. Experience  consulting and influencing business partners and executives. Experience with variable pay programs.

KNOWLEDGE, SKILLS AND ABILITIES

• Proven ability to embody Michigan Medicine’s core values of caring, innovation, inclusion, integrity, and teamwork.

• Intellectual curiosity and the proven ability to manage ambiguity and drive change and process improvements.

• Data literacy and critical thinking skills with the ability to review, analyze, and interpret data drawn from multiple sources to make effective recommendations and influence/drive decision making.

• Comprehensive knowledge of contemporary executive compensation principles and practices, core areas of compensation administration, and laws and regulations.

• Ability to work independently, and take on additional responsibility, in a fast-paced environment where change and transformation is expected. Demonstrated ability to deliver high quality results within tight timelines.

• Demonstrated ability to develop and successfully implement sound, repeatable business/human resources processes, with a strong focus on operational efficiency and effectiveness.

• Excellent written, verbal, and presentation & facilitation skills, and exquisite attention to detail and accuracy.

• Demonstrated ability to value all people, understand, and appreciate their unique experiences, styles, talents, and perspectives and to communicate and work effectively with employees at all levels.

• Demonstrated ability to structure, implement, and manage to successful completion complex compensation projects involving cross-functional teams. 

• Demonstrated capability to gain cooperation and agreement in absence of formal authority.

• Proven ability to consistently exercise appropriate judgment and discretion in all job functions, even when clearly defined processes may not be in place.

• Demonstrated technology literacy skills with advanced proficiency in using MS Word, Excel, PowerPoint, and Visio with the ability to create dynamic tools and models to interpret and analyze data.

• Ability to work effectively in a virtual environment.

Underfill Statement

This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.

Background Screening

Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings.  Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.

Application Deadline

Job openings are posted for a minimum of seven calendar days.  The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.

U-M EEO/AA Statement

The University of Michigan is an equal opportunity/affirmative action employer.

U-M COVID-19 Vaccination Policy

COVID-19 vaccinations, including boosters when eligible, are required for all University of Michigan students, faculty and staff across all campuses, including Michigan Medicine.  This includes those working remotely.   More information on this new policy is available on the Campus Blueprint website or the UM-Dearborn and UM-Flint websites.