Compensation Consultant duties and responsibilities
- Developing and administering compensation programs
- Ensuring compensation practices adhere to labor legislation
- Performing data analysis to ensure equitability
Compensation Consultant Job Description Template
Job Brief
We are looking for a Compensation Consultant to join forces with HR and develop compensation and benefits plans for our employees.
Compensation Consultant responsibilities include setting salaries and pay grades for new positions within the company, gathering benchmarking data on wages and recommending bonus programs based on job analyses. To be successful in this role, you should have a good knowledge of payroll procedures and labor legislation.
Ultimately, you will ensure we offer competitive and fair compensation plans to all of our employees.
Responsibilities
- Work closely with HR to plan and implement compensation packages
- Ensure compensation practices are in line with labor legislation
- Create fair salary and bonus plans using job evaluations
- Review and assess pay scales, base pay and incentives
- Set wages for new positions within the organization
- Analyze compensation data to identify potential issues (like pay gender gaps) ensure equitability in all levels
- Conduct compensation surveys and analyze findings to add value to the company’s strategic plan
- Ensure compensation plans align with the company’s profitability goals
- Gather benchmarking data and restructure compensation to make sure we remain competitive in terms of salaries and benefits
Requirements
- Proven experience as a Compensation Specialist or a relevant role
- Strong knowledge of HR practices and labor legislation
- Familiarity with payroll software
- Excellent analytical and qualitative skills
- Good communication skills
- BSc degree in Human Resources Management, Finance or relevant background
Jobs similar to Compensation Consultant
Compensation Consultant Job Description Examples
Details• Department:Compensation Services• Schedule:8-hour day shift, Monday-Friday...• Location:Remote
Benefits
Paid time off (PTO)Various health insurance options & wellness plansRetirement benefits including employer match plansLong-term & short-term disabilityEmployee assistance programs (EAP)Parental leave & adoption assistanceTuition reimbursementWays to give back to your comm...
Alternate Locations: Work from Home; Radnor, PA (Pennsylvania)
Work Arrangement: Hybrid/Home...
Relocation assistance: is not available for this opportunity.
Requisition #: 70997
The Role at a Glance:
Lincoln Financial Group maintains a compensation program that is internally equitable and externally competitive and pays for performance by rewarding performance that is above expectations w...
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At WSP, we are driven by inspiring future-ready pioneers to innovate. We’re looking to grow our teams with people who are ready to collaborate in building communities and expanding our skylines. To do this, we hire candidates of all experiences, skillsets, backgrounds and walks of life. We actively foster a work environment and culture where inclusion and diversity is part of our......
Summary
Michigan Medicine is searching for a lead compensation consultant for compensation programs, a brand-new addition to our growing team. The lead compensation consultant for compensation programs will lead the development and implementation of compensation programs, strategies, and projects and provide consultative advice to HR business partners and Michigan Medicine leaders. Reports to....
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