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Compensation Strategy Jobs in Minnesota (NOW HIRING)

Director of Total Rewards

Minneapolis, MN · On-site

$130.50K - $178.50K/yr

Lead enterprise compensation strategy, including job architecture, pay structures, and incentive plan design to ensure market competitiveness and internal equity. * Partner with the CEO, CHRO, and ...

Compensation Partner

Warroad, MN · On-site

$75K - $100K/yr

Job Overview The Compensation Partner will operate as a strategic people partner that plays a key part in supporting ongoing compensation needs. This individual will focus on the analysis, evaluation ...

The Compensation Partner will operate as a strategic people partner that plays a key part in supporting ongoing compensation needs. This individual will focus on the analysis, evaluation, creation ...

Job Overview The Compensation Partner will operate as a strategic people partner that plays a key part in supporting ongoing compensation needs. This individual will focus on the analysis, evaluation ...

Job Overview The Compensation Partner will operate as a strategic people partner that plays a key part in supporting ongoing compensation needs. This individual will focus on the analysis, evaluation ...

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Compensation Strategy information

What are the key skills and qualifications needed to thrive in Compensation Strategy, and why are they important?

To thrive in Compensation Strategy, you need a strong background in data analysis, compensation principles, and human resources, often supported by a degree in HR, finance, or business. Familiarity with compensation management software, HRIS systems, and certifications like CCP (Certified Compensation Professional) is highly valuable. Excellent communication, problem-solving, and stakeholder management skills set top performers apart in this field. These capabilities ensure fair, competitive, and compliant compensation programs that drive employee engagement and organizational success.

How does a Compensation Strategy professional typically collaborate with HR and business leaders to develop effective pay structures?

Compensation Strategy professionals work closely with HR teams and business leaders to align pay structures with organizational goals and market benchmarks. They participate in regular meetings to discuss workforce trends, company performance, and budget constraints, ensuring that compensation plans attract and retain top talent. This role often involves analyzing salary data, proposing adjustments, and presenting recommendations to leadership for approval, fostering a collaborative environment that balances business needs with employee satisfaction.

What is compensation strategy?

Compensation strategy refers to an organization's approach to designing and managing employee pay, benefits, and rewards to attract, motivate, and retain talent. It involves aligning compensation programs with business goals, market trends, and internal equity considerations. A well-developed compensation strategy helps ensure that employees are fairly rewarded for their work and that the company remains competitive in the job market. It typically includes salary structures, incentive plans, and benefits offerings tailored to the organization's objectives.

What job makes $10,000 a month without a degree?

In compensation strategy roles, high-level consultants or specialists with extensive experience can earn $10,000 or more per month, especially in senior or executive positions. These roles often require strong analytical skills, industry knowledge, and sometimes certifications, but may not require a formal degree if experience and proven results are demonstrated.

What is the difference between Compensation Strategy vs Compensation Analyst?

AspectCompensation StrategyCompensation Analyst
Primary FocusDeveloping overall compensation plans and policiesAnalyzing salary data and market trends
ResponsibilitiesDesigning pay structures, benefits, and incentive programsConducting salary surveys, data analysis, and reporting
Required CredentialsHR or compensation certifications, relevant experienceDegree in HR, finance, or related field; analytical skills
Work EnvironmentStrategic planning, policy development, cross-department collaborationData analysis, reporting, supporting compensation decisions

While Compensation Strategy focuses on creating and guiding overall pay policies and structures, Compensation Analysts implement these strategies through data analysis and market research. Both roles are essential in ensuring competitive and equitable compensation practices within organizations.

What are popular job titles related to Compensation Strategy jobs in Minnesota? For Compensation Strategy jobs in Minnesota, the most frequently searched job titles are:
What cities in Minnesota are hiring for Compensation Strategy jobs? Cities in Minnesota with the most Compensation Strategy job openings:
Physician Compensation Consultant - Remote

Physician Compensation Consultant - Remote

UnitedHealth Group

Eden Prairie, MN • Remote

Full-time

Retirement

Posted 28 days ago


UnitedHealthcare rating

7.8

Company rating: 7.8 out of 10

Based on 651 frontline employees who took The Breakroom Quiz

101st of 864 rated healthcare providers


Job description

UnitedHealth Group is a health care and well-being company that's dedicated to improving the health outcomes of millions around the world. We are comprised of two distinct and complementary businesses, UnitedHealthcare and Optum, working to build a better health system for all. Here, your contributions matter as they will help transform health care for years to come. Make an impact with a team that shares your passion for helping others. Join us to start Caring. Connecting. Growing together.

 

Mission and Purpose - This role is focused on:

  • Driving complex corporate and business segment projects/initiatives to completion through design, implementation and maintenance phases Focus is on providing compensation consulting and analytical support for employed physicians, advanced practice clinicians, and other Care delivery compensation programs
  • This position acts as an internal consultant to the organization, developing analytic methodologies and report formats Responsibilities include assisting with the process of collection, analysis and reporting of data specific to organization wide Provider priorities in a timely and accurate manner
  • Assisting Director of Provider Compensation - to design and implement complex business segment compensation strategies, policies, programs, and communications within the corporate compensation philosophy framework  
  • Assisting Director of Provider Compensation - in the design, implementation, and maintenance of the most complex and state-of-the-art Provider compensation programs and products and representing the business segments in corporate design efforts

You'll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.

Primary Responsibilities:

  • Provider compensation project work including: design, consulting, and implementation of Provider compensation programs, assemble compensation packages, and analytic support of Provider compensation programs
  • Gain consensus on Provider compensation philosophy and desired strategy  
  • Perform quantitative and qualitative analysis of healthcare and financial data to support program management for all Provider roles in care delivery This includes analyzing compensation plans of existing businesses and providing summaries for leadership review
  • Provide recommendations on compensation models and metrics that incentivize Provider productivity and performance and aligns with the organizational and financial objectives of the business
  • Assist leadership with determining desired market position for total cash compensation
  • As an internal consultant, this role is responsible for building solid relationships with Provider leaders of each business to ensure effective compensation solutions and strengthen Provider engagement
  • Salary survey participation and analysis, and conduct annual review of market data and communicate compensation range information  
  • Performs annual compensation reviews and constructs templates for each individual Provider by analyzing information and evaluating results
  • Responds to inquiries regarding Provider total cash compensation, incentive and productivity information, non-standard pay practices, etc Compiles, categorizes, tabulates, audits and verifies Provider earnings, quality indicators, RVUs, productivity information for pay change recommendations
  • Assist with annual FMV analysis and presentation to OptumHealth Sr Leadership
  • Strategic partner for the business when it comes to Provider compensation, creating solutions to meet the business need while also balancing legal regulatory compliance
  • Liaison for participation in external surveys provides annual presentation of survey information to leaders
  • Providing analytic support on compensation projects
  • Works on the most complex compensation projects  Independently drives and completes the projects with little to no oversight
  • Work with the compensation leadership to proactively identify value added compensation initiatives
  • Works directly with Human Capital Partners on complex field-initiated projects, generally with no oversight
  • Remain abreast of best practices and contemporary pay practices within the industry

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in. 
 

Required Qualifications:

  • 5 years of experience of Provider compensation experience, including experience with analysis and understanding of Provider practice metrics Includes business acumen and an understanding of Provider practices
  • Demonstrated experience with Provider productivity and compensation benchmark data
  • Demonstrated experience with the Stark Law and Anti-Kickback Statute (AKS)
  • Demonstrated experience in leading complex and long-term projects to completion
  • Solid history of quickly building relationships, gaining credibility, influencing and partnering with business leaders and human capital peers across the organization
  • Demonstrated ability to partner with multiple constituents, and proven success working in a matrix environment
  • Proven action oriented, adept at working in a fast paced, complex organization, and solid change management skills
  • Proven advanced skills with Microsoft Excel and Power Point
  • Willing pr anility 10%-15% travel

Preferred Qualifications

  • Professional certification, such as CPCV
  • External Provider compensation consulting experience is solidly desired
  • Experience with Provider compensation M&A due diligence
  • Experience with Microsoft Power BI
  • Experience with creating Microsoft macros

  • AI experience


 

*All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy


 

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from 
$91,700 to $163,700x annually based on full-time employment. We comply with all minimum wage laws as applicable.

Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.


At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.  

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.  


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