Compensation Consultant Job Description

Use this Compensation Consultant job description template to advertise the open roles for free using Longlist.io. You can use this template as a starting point, modify the requirements according the needs of your organization or the client you are hiring for.
Compensation Consultant

Compensation Consultant 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

Compensation Consultant Job Description Examples

Compensation Consultant • TIAA

Compensation

The Compensation Consultant conducts compensation program design, compensation plan management and compensation evaluation and analysis. Under minimal supervision, this job is responsible for developing and administering effective compensation programs in accordance with the organization's reward strategy...

Key Responsibilities and Duties

Develops salary and incentive structure...

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Senior Compensation Consultant • RESOURCE STAFFING

Senior Compensation Consultant

Location: Bellaire...

Long term assignment

Pay Rate: $51.50 -$52.00/hr.

We are seeking a Senior Compensation Consultant with unwavering professionalism and meticulous accuracy who will provide advanced level consultation, guidance, and direction of compensation to human resources professionals, institutional leadership and customers. Assists in the design, dev...

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Compensation Consultant II - Staff Support • Bank of America

Job Description:

Senior Consultant for the Compensation team will be responsible for independently providing consultation and analytical support to the design and development of compensation solutions that support our business strategy. Requires strong consultation and analytical skills and experience and will directly consult with Human Resources partners as well as business leaders and... ma...

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Compensation Consultant (Compensation Manager) • Wolters Kluwer

Basic Function:

The Compensation Manager will support the design, development and implementation of compensation policies and analytics by working closely with the VP, Compensation Programs & Operations, other members of the Compensation COE, Market HR leaders, and external consultants. Serves as advisor on advanced and broad ranging compensation programs and operations while providing... comp...

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