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Datavant is recognized as a leading data platform in the realm of health data exchange. The company's mission is to ensure that every important healthcare decision is supported by accurate data, presented in a timely and appropriate format. With the largest and most diverse health data network in the United States, Datavant strives to enable secure, accessible, and actionable data usage to facilitate better health decisions. They collaborate with some of the leading companies in life sciences, government agencies, and healthcare providers.
By becoming a part of Datavant, not only are you joining a workplace that emphasizes high performance and strong values, but you’re also stepping into a role aimed at addressing some of healthcare's most intricate challenges through innovative technological solutions.
The Compensation Manager position is a strategic role within Datavant’s Total Rewards team. The selected candidate will report directly to the Head of Total Rewards and serve as an individual contributor. This role places individuals in a crucial position to influence the design, implementation, and maintenance of compensation programs that are integral for attracting, retaining, and motivating top talent in the organization.
The Compensation Manager's responsibilities are extensive, focusing on the following key areas:
Leadership of Compensation Programs: Manage compensation strategies from inception to execution, including communication and implementation.
Job Evaluation and Market Analysis: Conduct job evaluations and market pricing analyses to ensure internal fairness and competitiveness across various job categories and levels.
Expert Guidance: Provide expert consultation on complex compensation matters, collaborating with HR and business leaders to develop tailored solutions aimed at enhancing talent acquisition, engagement, and retention.
Compensation Tools and Models Development: Create and sustain compensation tools and dashboards that facilitate insights and informed decision-making.
Data Interrogation and Insights: Analyze compensation data to generate clear, data-driven recommendations and guidance for HR business partners and leadership.
Compliance and Change Management: Ensure that all compensation programs adhere to regulatory requirements and lead change management efforts regarding compensation practices within the organization.
Benchmarking: Conduct compensation benchmarking and market analyses to guide salary structures and equity guidelines.
Support Annual Compensation Cycles: Aid in the design and administration of yearly compensation processes, including base pay, bonuses, and equity programs.
Collaboration with Finance and HR Teams: Work with finance and HR systems teams to ensure accurate forecasting, budgeting, and reporting related to compensation.
The ideal candidate for the Compensation Manager role will need to possess a strong skill set, including:
Educational Background: A Bachelor’s degree in Human Resources, Finance, Business Administration, or a related field.
Experience: At least 5 years of experience in compensation, total rewards, or HR analytics is essential.
Technical Skills: Proficiency in advanced Excel capabilities (e.g., pivot tables, VLOOKUPs, data modeling) is a must.
Analytical Skills: Strong analytical and quantitative skills capable of translating data into actionable insights.
Knowledge Base: In-depth understanding of compensation principles, salary structures, equity programs, and job leveling frameworks. Experience in interpreting market data and compensation surveys is also highly valued.
Leadership Capability: Proven skills in managing multiple priorities efficiently and effectively in a fast-paced work environment.
Familiarity: Prior work experience leading compensation initiatives through Mergers & Acquisitions is a plus, as well as familiarity with compensation tools and platforms such as Radford, Mercer, or Option Impact.
Candidates with the following credentials may have an additional advantage:
Experience within a private equity-backed or high-growth environment.
Certified Compensation Professional (CCP) designation or coursework towards certification.
Familiarity with Oracle HCM.
All candidates must be authorized to work in the United States without sponsorship. Datavant is driven to establish a team that reflects diversity and inclusivity. They are an Equal Employment Opportunity employer, offering consideration for employment regardless of diverse backgrounds.
The estimated total cash compensation range for the Compensation Manager is between $130,000 and $160,000 USD based on experience, skills, and level of responsibility. As per Datavant's structure, individual compensation rates may differ, considering varying levels and responsibilities.
For job seekers interested in the Compensation Manager role at Datavant, this opportunity combines strategic impact and analytical rigor. The position represents an essential function in the organization and offers a compelling role within a rapidly enhancing health technology company. The selected candidate will not only play a pivotal role in shaping compensation strategies but also contribute to elevating the entire organizational culture in fostering an environment where employees can thrive and be rewarded for their contributions to transforming healthcare.
This job offer was originally published on remotive.com
This job offer summary has been generated using automated technology. While we strive for accuracy, it may not always fully capture the nuances and details of the original job posting. We recommend reviewing the complete job listing before making any decisions or applications.
