Senior Compensation Consultant

Job Description

Senior Compensation Consultant 
Compensation:  $110,000 - $115,000

In office four days per week (Carmel), remote one day per week

Job Duties and Responsibilities:

Compensation Analysis (20%)

• Oversee job evaluations for client groups to establish and maintain accurate job grades
• Prepare comprehensive reports and presentations for leadership, providing insights on compensation trends, program effectiveness, and recommendations
• Stay updated on industry best practices, trends, and innovative compensation strategies
• Conduct Fair Labor Standards Act (FLSA) evaluations to determine exemption status for new/revised jobs
• Ensure all compensation practices comply with federal, state, and local regulations
• Stay informed on relevant legislation and industry standards to mitigate risks and ensure compliance
• Participate in and provide support for larger compensation projects including structure maintenance and compensation program recommendations
• Analyze impacts of changes to compensation programs (fixed and variable)
• Serve as the project lead for various compensation initiatives

Market Pricing & Analysis (15%)

• Conduct market pricing of new and existing jobs, provide recommendations, and analyze potential impact of recommendations
• Participate and provide company submissions for annual salary surveys
• Analyze new survey data sets, make recommendations for adjustments to salaries, job grades and structure movement

Compensation HRIS/Auditing Responsibilities (15%)

• Utilize Workday reporting for Compensation monitoring and auditing
• Audit minimum wage requirements for both Exempt and Non-Exempt employees
• Conduct audits of Compensation information in Workday to ensure data integrity
• Lead Workday testing for Compensation-related updates and integrations
• Implement compensation/market review recommendations in Workday

Annual Compensation Processes (20%)

• Serve as a subject matter expert in annual compensation processes such as incentive and merit cycles
• Lead HRIS system module setup and testing, troubleshooting, and reporting for annual compensation cycles
• Identify improvements and follow through with the implementation of enhancements to annual compensation cycles

Compensation Consultation (30%)

• Serve as a trusted advisor on compensation-related matters, educating client groups and HR teams on the organization’s compensation programs
• Collaborate with HR Business Partners to evaluate new and existing jobs, providing recommendations on titles, levels, and pay grades
• Partner with the Talent Acquisition team to review escalated salary offers and provide recommendations
• Work with HR teams on cross-functional initiatives, providing expertise from a compensation perspective

Qualifications:

• Bachelor’s degree or an equivalent combination of education and directly related work experience required
• 5+ years of Compensation work experience required
• Certified Compensation Professional (CCP) certification or Master’s Degree in Human Resources or a related field preferred
• Advanced Excel skills, along with Strong MS Office skills including Word and PowerPoint Must be comfortable with large complex spreadsheet design & analysis to understand and develop insights from data
• Must possess strong attention to detail and ability to develop and perform data and process audits
• Ability to organize detailed data and consolidate complex information in a manner that results in user-friendly concise communication
• Ability to maintain confidentiality in all work performed
• Ability to follow instructions and work independently in the completion of assigned tasks.
• Familiarity with FLSA compliance guidelines and federal, state and municipality compliance guidelines
• Excellent critical thinking skills, communication skills, and presentation skills
• Ability to manage deadlines and coordinate projects amidst competing priorities