Rewards Consultant Job Description
Rewards consultant
provides timely assistance and guidance to Human Resources Business Partners regarding incentive compensation analysis, program design, legal compliance, and incentive compensation issues.
Rewards Consultant Duties & Responsibilities
To write an effective rewards consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included rewards consultant job description templates that you can modify and use.
Sample responsibilities for this position include:
Assess client's business needs and provide expertise in designing and delivering an experience and solution to meet that need through the use of best practices and research
Present trends, technical information, and potential solutions to the client in an easy-to-digest manner
Define budget, scope, and timelines for projects when necessary
Coordinate design and development of new solutions with a development and project management team
Provide support to sales staff and account executives as needed
Participate and/or manage the client relationship, often interacting with client's administration, IT, corporate communication staff, retirement, and/or talent management staff
May participate in broader projects including total rewards gap assessments, performance management, succession planning, and pooled paid time off programs
Use thorough understanding of compensation and benefit plan design and administrative procedures to drive constant improvement
Continually evaluate current compensation and benefits practices to find better ways get the job done, innovative ways to solve problems, and employ a scrappy/hands-on approach
Stay current on all compensation and benefit regulations and ensure compliance with legal requirements and other regulations that may govern total reward plans
Rewards Consultant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Rewards Consultant
List any licenses or certifications required by the position: CP, SHRM, CCP
Education for Rewards Consultant
Typically a job would require a certain level of education.
Employers hiring for the rewards consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Human Resources, Business, Finance, Mathematics, Accounting, Economics, Statistics, MBA, Business/Administration, Education
Skills for Rewards Consultant
Desired skills for rewards consultant include:
Business and management principles involved in strategic planning
Coordination of people and resources
Human resources modeling
Resource allocation
Compensation principles
Job architecture
Job benchmarking
Salary structure design
Excel
Incentive pay design
Desired experience for rewards consultant includes:
Demonstrates courage to challenge "status quo" and work using a different approach
Leading senior level strategic discussions and the design of total rewards strategies and implementation of total rewards optimization projects, which include direct interaction with client executive/HR leadership teams and identifying business and workforce priorities, conducting employee research, studying workforce demographics and projections, and total reward program market and cost data
Exposure to technical areas such as software development, software testing, systems implementation, database management, and operational support
Systematic understanding of Total Rewards, other HR functions
BS/BA in Business Administration, HR, Finance with 2-6 years of compensation experience (consulting experience is a plus)
Good understanding of compensation and reward programs and processes
Rewards Consultant Examples
1
Rewards Consultant Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of rewards consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for rewards consultant
- Partner closely with the Staffing team to appropriately align pay with our competitive practice and philosophy
- Of the Workday solution
- Completes work assigned by the project manager within prescribed
- Coordinating with the Total Reward function in Bellevue on the management and delivery of cyclical Reward activities benefits renewal, managing flexible benefit programs, pay and benefit surveys, development of salary ranges, total reward education
- Develop and publish quarterly Rewards communications handbook, oversee and approve all communications across the company with Rewards messaging and influence business partners as needed to ensure alignment to vision
- Partner with Business Technology, E-business, Acquisition, Portfolio, Statements, Customer Service & Engagement (CSE), and Legal to execute the Match post-booking experience across all channels
- Monitor competitive landscape to identify all Rewards enhancements within the industry
- Management presentations, reporting, and other ad-hoc projects as needed
- Provides consultation and analysis support on various compensation issues for assigned global client groups
- Advising HR Business Partners and managers on total rewards decisions to ensure alignment with policy and business objectives
Qualifications for rewards consultant
- Occasional travel required (most client communication is performed via web-based technology)
- Bachelor's and 12 to 15 years experience
- 5+ years of Compensation and Benefits related experience
- Working knowledge of APAC country regulations
- Strong understanding of broad-based compensation programs (base pay/variable pay/equity), pay for performance, benchmarking/market data, job evaluation
- Good knowledge of process management and system landscape, ideally in HR
2
Rewards Consultant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of rewards 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 rewards consultant
- Providing analytical services on topics such as cost of labor, benefit program design, pay trends, linkage of merit results to performance, incentive plan design
- Leading the administration of total rewards programs and associated vendor interactions
- Supporting international assignment deployment and analyses
- Supporting executive compensation analyses and preparation of materials for Board of Director presentation
- Supporting management training activities to build understanding and skills in our management team
- Managing projects through various stages from consultation with the business while defining the question through complete implementation
- 5 years of experience with compensation, benefits and international assignments
- An ability to build partnerships with team members and managers, even when they are located in other parts of the world
- Partners with HR Business Partners and managers to understand and support business objectives by providing total rewards analytical support, consulting, and advice
- Aligns total rewards approaches with business needs of the client groups, developing creative solutions for business retention and recruitment issues
Qualifications for rewards consultant
- Demonstrated ability to work in an environment where work was done not through hierarchical methods but by leadership and managing by example
- Provide analysis to support compliance with all relevant regulations
- Bachelor's degree or equivalent in Mathematics, Actuarial Science, MIS or a related field
- One year of experience providing actuarial consulting services to clients in the life insurance industry on behalf of a global consulting company
- 6+ years work experience in marketing or related field
- Consumer-centric mindset and strong marketing gut
3
Rewards Consultant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of rewards consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for rewards consultant
- Manage the pension/benefit governance committee or managing the job evaluation process including facilitation of job evaluation committee meetings and to identify and implement enhancements to a job evaluation process
- Holiday standardization and implementation
- May conduct due diligence and analysis for MADO transactions
- Manage all aspects of Amazon partnership
- Managing contracts with benefits providers (Broker, insurances, pensions )
- Partner with VP Senior Compensation Consultants, HR and business managers to support the design and delivery of compensation solutions in the business lines supported
- Provide support for the incentive design process for the business lines’ incentive and commission plans, partnering closely with the business, Finance, Compliance, Risk and the HR Business Partner
- Provide quality consulting on base salary, bonus and equity programs
- Execute the annual market survey process for assigned business lines
- Provide project management and execute strategic projects for Total Rewards Perform other duties as assigned
Qualifications for rewards consultant
- Ability to lead complex projects from concept to delivery
- Familiarity and comfort with Agile development process
- Ability to drive cross functional collaboration, problem solving, and decision making across a large group
- Degree in relevant field or equivalent
- Deep expertise and in compensation management in a consulting environment or corporate experience
- Significant knowledge and understanding of reward and talent programs and processes
4
Rewards Consultant Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of rewards 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 rewards consultant
- Assist with executive summaries and analysis to provide a macro view of market trends and how issues may impact the business units in preparation for year-end decisions
- Contributes as a member and thought leader of the global Total Rewards team
- Uses technology and data analysis to identify business compensation trends (e.g., pay differentiation, systemic risk) and market compensation trends (e.g., talent market volatility and availability), and partner with global business HR to develop solutions
- Focuses on continuous improvement of analytical insight effectiveness and process efficiency
- Monitors the practical application of total rewards strategies and guidelines to assess their relevance and effectiveness
- Supports the business with the administration of regular total rewards programs, including compensation planning and manager training
- Partners with global team members to help address regional total rewards issues
- Develops pay structures based on market data analysis, with a focus on executive compensation and sales compensation
- May contribute to other global Total Rewards team projects based on business needs
- Builds effective working relationships within HR and other departments to support total rewards programs
Qualifications for rewards consultant
- Experience in multiple industries/companies, not just financial services/SunTrust
- Ability to work independently working collaboratively to introduce new value added services internally and to clients
- Keen business acumen and proven ability to align clients’ business strategies and rewards/talent programs
- Ability to influence senior management and work across all levels of an organization
- Exceptional communication skills both written and oral in German and English
- In-depth expertise and professional network within the Financial Services industry/client segment is a plus
5
Rewards Consultant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of rewards 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 rewards consultant
- Proactively review the compensation and benefits programs and identify actual or potential issues and propose solutions to the Director, Total Rewards
- In the absence of the Director, Total Rewards, make decisions as necessary to insure continued functioning of the department
- Participate in vendor negotiations to identify impact of proposed contract changes and effectively manage vendor relationships
- Partner closely with the Director of Total Rewards in the development of business plans, process improvements and communications
- Act as a resource for Total Rewards Analysts
- Provide assistance on other SWS projects as assigned
- Guide & develop junior staff.Lead & Manage Projects, as assigned
- Design, implement and assess functional incentive plans (“FIP”) in order to encourage and reward behaviors that are client centric and consistent with strategic objectives
- Develop and lead annual/semi-annual performance and award calibration processes
- Advise Executive Leaders of insights related to pay-for-performance and relative correlation to financial results
Qualifications for rewards consultant
- Analytical skills must be strong - proven ability to break a problem into root issues and then do the appropriate level of analysis to drive to possible solutions
- Skilled at establishing credibility with management teams or boards and in discussing complex client business issues and potential solutions
- Expertise in either Reward, Talent Management or Communication and Change Management
- Demonstrated ability to build strong client and associate working relationships
- Proven ability to lead and develop a team of high performing consulting professionals
- Self-driven achiever with a value for teamwork, collaboration, decisiveness, integrity in all that is done