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Senior Business Process Compensation Specialist

1 week ago

Manila, National Capital Region, Philippines Optum, a UnitedHealth Group Company Full time
About the Job

The Senior Business Process Compensation Specialist will be responsible for assessing, identifying, and deploying variable incentive compensation strategies/initiatives for India and Philippine based Optum and UHC employees. They are accountable for developing variable compensation solutions that promote a consistent, standardized, and equitable experience for employees across multiple capabilities and roles.

Key Responsibilities
  • Provide Consulting/Expertise on Compensation-related Topics
    • Maintain knowledge of current best practices in the compensation field as they relate to India based employee populations.
    • Provide ongoing consulting and collaboration with businesses, Human Capital, Total Rewards, Finance, and other supporting partners to champion/enforce that variable compensation philosophy and best practices are integrated into Human Capital activities and broader business strategy.
    • Develop training programs and educate applicable audiences on variable compensation-related policies/tools/processes/issues.
    • Create ongoing communications to ensure awareness/understanding of variable compensation programs, tools, and changes for applicable audiences.
    • Recommend strategic solutions to support development/revision and standardization of variable compensation strategies.
    • Lead project management efforts for projects related to global variable compensation.
    • Incorporate industry best practices into variable compensation program design.
    • Ensure an enterprise-wide perspective is applied across job families/functions when providing consulting/expertise.
    • Identify and resolve non-standard financial incentives.
  • Design/Develop/Manage/Support Variable Compensation Programs/Policies
    • Develop framework and guidelines for variable compensation programs across India & the Philippines.
    • Manage/support variable compensation program renewals and approvals.
    • Design/update incentive plans.
    • Evaluate compliance with applicable legal and regulatory requirements specific to India & the Philippines.
    • Demonstrate understanding of financial issues impacting compensation programs (e.g., ROI, CBA).
    • Analyze ROI, CBA, etc.
    • Sunset variable compensation programs/policies, as needed.
  • Gather/Analyze/Utilize Compensation-related Data
    • Partner with business leaders, Human Capital, and Total rewards to conduct assessments of existing variable compensation programs.
    • Lead salary/budget surveys.
    • Conduct market analyses and apply market data as appropriate to support variable compensation decisions.
    • Use compensation-related data to inform the design and administration of variable compensation programs.
    • Identify discrepancies from market data (e.g., variance to market analysis).
  • Conduct Reporting/Analysis of Compensation Projects/Data
    • Provide incentive/spending reports to stakeholders.
    • Utilize systems/tools to manage/analyze/report variable compensation data.
    • Manage/support auditing activities.
  • Comply with employment contract terms, company policies, and procedures, and any directives.