Vice President of Compensation
| Verified Pay check_circle | Provided by the employer$350,000 to $390,000 per year |
|---|---|
| Hours | Full-time, Part-time |
| Location | Somerville, Massachusetts |
About this job
Serving as a trusted advisor to executive leadership, the VP partners closely with Human Resources, Finance, and operational leaders to ensure compensation strategies drive workforce outcomes, support financial stewardship, and advance fairness and transparency across the system. This leader brings a data-driven, forward-looking perspective to compensation design, ensuring programs are compliant, scalable, and positioned to meet the evolving needs of a complex healthcare environment.
Key Responsibilities
Develop and lead the overall compensation strategy, including base pay, incentive programs, and executive compensation.
Ensure compensation programs are aligned with organizational goals, market competitiveness, and regulatory compliance.
Conduct market analyses and benchmarking to inform compensation decisions and maintain competitiveness.
Oversee the design and administration of salary structures, job evaluations, and pay grades.
Manage annual compensation review cycles, including merit increases, bonus allocations, and equity programs.
Collaborate with HR leadership on talent management initiatives, workforce planning, and organizational design.
Guide senior management on compensation matters, including executive pay.
Monitor emerging compensation trends, legislative changes, and leading practices to ensure programs remain current and effective.
Lead and mentor the compensation team, fostering a culture of excellence and continuous improvement.
Ensure compliance with federal, state, and local regulations, including FLSA, EEOC, IRS, and healthcare-specific requirements.
Monitor the effectiveness of compensation programs through metrics such as retention, engagement, and cost effectiveness.
Recommend adjustments based on data-driven insights.
Qualifications
Bachelor's degree in Human Resources, Business Administration, Finance, or related field; Master's degree or relevant certifications preferred.
Minimum of 10 years' experience in compensation, with at least 8 years of experience in compensation management in a senior leadership role.
Expert knowledge of compensation principles, practices, and regulatory requirements.
Strong analytical skills with the ability to interpret complex data and make strategic recommendations.
Experience with executive compensation, incentive design, and equity programs.
Excellent communication and presentation skills, with the ability to influence senior stakeholders.
Proven leadership and team management abilities.
High level of integrity, confidentiality, and professionalism.
The salary range for this position is $350,000 to $390,000 annually. At Mass General Brigham, we believe in recognizing and rewarding the unique value each team member brings to our organization. Our approach to determining base pay is comprehensive, and any offer extended will take into account your skills, relevant experience, if applicable, education, certifications, and other essential factors. The base pay information provided offers an estimate based on the minimum job qualifications; however, it does not encompass all elements contributing to your total compensation package.
In addition to competitive base pay, we offer comprehensive benefits, career advancement opportunities, differentials, premiums, and bonuses as applicable, and recognition programs designed to celebrate your contributions and support your professional growth. We invite you to apply, and our Talent Acquisition team will provide an overview of your potential compensation and benefits package.
Mass General Brigham Incorporated is an Equal Opportunity Employer. By embracing diverse skills, perspectives and ideas, we choose to lead. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law. We will ensure that all individuals with a disability are provided a reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
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