Compensation Consultant

Primary Responsibilities

• Work closely with Director Compensation in the management of compensation programs.
• Manages assigned compensation projects, including leading meetings, creating agendas, and drafting presentations with best practice recommendations that help guide leaders in their decision making.
• Responsible for drafting organizational communications with FAQs related to the projects.
• Captures and coordinates the administration of projects and partners with appropriate resources for implementation.
• Supports case management on complex cases.
• Utilizes experience to guide leaders on the review of best practices to help with complex hiring decisions, updates to pay programs, and support of unique compensation challenges.
• Follows compensation principles and guides leaders on job description creation and is responsible for the job evaluation, job pricing, and administration of the final structures.
• Works closely with HR Professionals and Leaders involved in restructuring and reorganization offering technical guidance and expertise.
• Responsible for studying and understanding market conditions. Participate in compensation analysis.
• Reviews salary surveys, evaluates market and economic trends, compiles, analyzes and interprets data to recommend salary ranges, market adjustments and hiring rates.
• Annually provides recommendations for job priorities for market adjustments and budgeting.
• Leads and supports the design of compensation new tools and systems. Influences builds and administration.
• Supports testing and considers all variables to launch successful administration.
• Responsible for program plans and documentation. Utilizes Human Resources technology to administer pay programs.
• Responsible for market pricing, merit, and incentive administration.
• Creates new jobs in the HRIS system.
• Administers Compensation programs i.e., premium pay, shift differentials, bonus, and incentive programs.
• PARTNERS WITH PAYROLL, IT, AND HRIS.
• SUPPORTS THE ANALYSIS OF PAY PROGRAM BEST PRACTICES AND GUIDES THE ORGANIZATION TO REMAIN COMPLIANT.
• CONTINUOUSLY SUPPORTS AND EDUCATES RECRUITMENT, HRBP AND LEADERS ON COMPENSATION PROGRAMS AND PROVIDES GUIDANCE ON DECISIONS THAT KEEP THE ORGANIZATION COMPLIANT.
• PLANS AND IMPLEMENTS A SYSTEM OF FEEDBACK AND EVALUATION REGARDING THE EFFECTIVENESS OF COMPENSATION AS PERCEIVED BY INTERNAL AND EXTERNAL STAKEHOLDERS.
• RESPONSIBLE FOR COMPENSATION PROGRAM DOCUMENTATION AND TRAINING MATERIAL.
• MENTORS COMPENSATION ANALYST AND COMPENSATION SPECIALISTS.

Work Experience

• Bachelors Degree in Business Administration/Human Resources
• 6 years’ experience as a Compensation Analyst

Education & Experience - Preferred

• Expert-level Excel skills, including advanced formula logic
• Project Management
• Healthcare experience preferred
• Finance Experience preferred
• Communication and Presentation Experience preferred