Compensation Consultant Job Description
Compensation consultant
provides advice and guidance to other HR Core Teams, Finance, and other departments to apply compensation expertise and sound compensation principles, best practices and appropriate guidelines.
Compensation Consultant Duties & Responsibilities
To write an effective compensation consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included compensation consultant job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensures compliance of all compensation programs with federal and state regulations
Manage the global compensation survey cycle and vendors
Provide ad hoc self-directed research and analysis to identify trends, opportunities, issues
Influence senior leaders using a balance of HR expertise, business acumen, objectivity, and relationship skills
Evaluates jobs for assigned functions using Mercer’s IPE methodology
Ensures job titles for assigned functions comply with job titling guidelines
Ensures all jobs in assigned functions are matched appropriately and based on the survey level conversions to the surveys used in each country
Assist in all aspects of the Annual Review Cycle for EMEA
Provide guidance to HR Consultants on salary and incentive proposals
Undertake analysis of compensation recommendations
Compensation Consultant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compensation Consultant
List any licenses or certifications required by the position: CCP, WAW, SHRM, PHR, CP, PMP, SCP, SPHR, HRCI, HCM
Education for Compensation Consultant
Typically a job would require a certain level of education.
Employers hiring for the compensation consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Education, Business/Administration, Accounting, Economics, Communication, Management, Statistics
Skills for Compensation Consultant
Desired skills for compensation consultant include:
Compensation systems
Core compensation terminology and best practices
Excel
Basic HR laws and acumen
Compensation practices and theory
State
Especially hardware/software applications
Information systems
Their application to human resources systems
Principles
Desired experience for compensation consultant includes:
Bachelor’s degree with 5+ years of progressively responsible compensation experience
Demonstrated expertise in compensation program concepts and analytics
Experience with market pricing, salary surveys, design and management of compensation programs and incentive plan administration/design
Demonstrated expertise in market research methods, report preparation and executive presentation
Ability to accurately compile and synthesize quantitative and qualitative information, draw conclusions, and present solutions and recommendations to senior leadership
Strong or advanced database and spreadsheet skills
Compensation Consultant Examples
1
Compensation Consultant Job Description
Job Description Example
Our company is hiring for a compensation consultant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compensation consultant
- Work on compensation consulting projects for emerging businesses, public entities, and fortune 500 companies
- Partner with consultants who have years of compensation consulting experience and generate millions of dollars in revenue for CBIZ
- Assist in the planning, design and implementation of base and incentive pay, executive compensation programs
- Design competitive salary ranges for entire organizations and develop pay administration policies and procedures
- Practically apply classroom learning to a professional business environment
- Ensures effective management and maintenance of current plans, systems and tools, including but not limited to
- Partners with HRIS to ensure that the ADP EV-5 system meets compensation needs and is updated to reflect changes to salary structures, job titles, bonus programs, and that the information is accurate
- Identifies and responds to HR and business client compensation needs, projects and issues
- Reviews offers
- Contributes to the year-end compensation planning process
Qualifications for compensation consultant
- Strong analytical and problem solving skills – must have experience working with, analyzing and interpreting large amounts of data, presenting the results to stakeholders and senior business leaders in an organized and efficient format
- Strong verbal and written communication skills and the ability to communicate compensation concepts across the company
- Demonstrated leadership skills, including developing, mentoring and coaching team members
- CCP strongly preferred
- Supports the administration of global compensation programs
- BS/BA in Business Administration, HR, Finance with 5-8 years of HR and compensation experience (consulting experience is a plus)
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Compensation Consultant Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of compensation consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compensation consultant
- Subject matter expert who acts as a resource for colleagues with less expertise
- Ensure compensation, and market (ePrism) databases are regularly updated for accuracy and completeness
- Provide critical year-end compensation support that may include training users, testing on-line compensation tools, analysis and reporting, data validation and performing table uploads
- Partners with local CPS management teams Corporate Technical function teams to execute new and existing global compensation processes and to address/resolve country specific compensation issues
- Work with Compensation Director and members of the Compensation COE team to understand the global compensation processes, ensure that legal and statutory issues are addressed through process design and governance, support management on global processes, and support – where appropriate – GBS HR Operations in the day-to-day delivery and execution of compensation processes
- Consults in the creation of the global governance model for compensation
- Assist with the bonus program
- Support and utilize HRIS System (Workday)
- Executes or provides support for major project initiatives, including automation projects, the annual Merit & Bonus cycle, annual salary survey participation, due diligence in support of the company's annual salary policy recommendations, and the semi-annual Promotion cycle
- Serves as systems administrator for applications/systems related to the administration of Merit & Bonus, market pricing, sales compensation, Supports SAP efforts related to compensation
Qualifications for compensation consultant
- Bachelor's degree in HR, Business Administration, Finance, or related field or equivalent experience
- Four or more years of experience in related areas(financial analysis, HR analytics, incentive administration)
- 5 years Human Resources Compensation experience
- Gaming and Entertainment industry experience preferred
- Ability to clearly “tell the story” with complex underlying data
- Demonstrate the ability to grasp a comprehensive understanding of Compensation issues and priorities
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Compensation Consultant Job Description
Job Description Example
Our company is growing rapidly and is looking for a compensation consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compensation consultant
- Work with Compensation Manager/Consultants on a variety of projects including program design, analysis, budgeting, implementation of new programs, and stock reload
- Provide regional compensation leadership across the Americas
- Partner with regional and global compensation partners on compensation issues, and work on a variety of special compensation projects as needed
- Document processes and build compensation playbooks
- Work with HRIS to ensure that PeopleSoft, MarketPay, and other corporate system to meet compensation needs and is updated to reflect programmatic changes
- Take ownership of the annual compensation review for China
- Ensure compensation programs are in compliance with local/EU regulations and market practices
- Collaborate with the broader global C&B team on compensation program initiatives, change management, implementation, and communication efforts as needed
- Conduct job evaluations and market assessment using market data and internal evaluation
- Partner with local and regional compensation (globally) on compensation issues, compensation programs, communications, and work on a variety of special compensation projects as needed
Qualifications for compensation consultant
- Of other related HR fields
- Demonstrated ability to contribute to the development of new compensation concepts, techniques, and standard methods
- Advanced analytical, organizational, problem-solving and written/verbal communications, project management and process
- The ability to work independently, take on responsibility and be quick of foot in a fast-paced, change-oriented environment
- Minimum three (3) years of previous progressive compensation experience required
- Knowledge of total compensation practices
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Compensation Consultant Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of compensation consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compensation consultant
- Assists with field based incentive compensation plan design, administration, governance, communication and program management
- Participates in the administration of company-wide programs related to base pay, bonuses, policies, and performance management
- Provide analytical services for various Compensation programs and projects to ensure their objectives are carried out in an effective, efficient and timely manner and consistent with plan provisions
- Partners with and support assigned business area to develop, implement and administer compensation policies and program
- Consult on compensation matters with Human Resource Business Partners & Business Leaders
- Drive compensation program changes with business area(s) - from presenting to senior leadership to communications & training with LOB people managers
- Prepare special studies and recommendations on subjects such as incentive compensation, bonus plans, sales compensation or stock plans
- Utilize analytical skills to build standard compensation dashboards that will be used across the company
- Audits jobs for content and prepares job descriptions reflecting job responsibilities, activities, duties and requirements, FLSA recommendation
- Participates in compensation surveys to collect and analyze competitive salary information to determine company's competitive position
Qualifications for compensation consultant
- Extensive technical knowledge of market pricing practices
- Knowledge of total compensation theories and practices
- A truly international work environment global client group, interaction with people from different cultures, backgrounds and countries every day
- Ability to solve problems through quantitative and qualitative analysis in a team-based environment
- Critical attention to detail - demonstrated ability to consistently deliver at a high level of accuracy
- Drives Innovative Business Improvements – Develops new insights into solutions and gains others’ commitment that result in organizational improvements
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Compensation Consultant Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of compensation consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compensation consultant
- Provide coaching and training to the HR team and managers on compensation topics
- Acts as a mentor in area of expertise
- Provides organizational level strategic expertise in functional area
- Follows developments in FLSA/DOL exception issues and communicates to others as appropriate
- Desire & ability to interact with senior leadership
- Ability to manage complex job specific projects
- Ability to effectively communicate through the written and spoken word to associates, all levels of management & external vendors & clients
- Ability to bring diverse groups together to gain consensus
- Strong planning and project mgmt skills
- Detailed knowledge of HR support functions
Qualifications for compensation consultant
- Must have aptitude and ability to learn and use multiple systems including Workday, compensation planning software, survey management tools and reporting writing software
- Preferable to have experience working with a consulting firm (Mercer, Aon Hewitt, ) and dedicated to compensation related work
- CCP (WorldatWork)
- CCP Certification - Certified Compensation Professional
- Experience with Radford benchmark surveys
- Educated to degree level of equivalent