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Compensation Consultant
Thrivent Financial
Minneapolis, MN, United States
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Summary
Leads the design, testing and implementation of compensation solutions that support and are aligned with the organization’s business strategies and bring the total rewards philosophy to life. S/he works with business leaders, HR partners, and Workforce Services to proactively understand the talent and rewards needs of the organization and design/implement rewards solutions to address those needs.
Provides compensation support (design, testing, implementation, administration, consultation & training) to specific segments of Thrivent’s population.
Plays a lead role on the team in one or more of the organization-wide compensation programs such as: annual incentives, long-term incentives, executive compensation, annual merit process, pay delivery, pay structure, market competitiveness, board compensation or recognition.
Job Duties and Responsibilities
• Lead the design, testing, and implementation of large, complex compensation solutions that are aligned with the most critical business strategies and bring the total rewards philosophy to life
• Lead and provide work direction to cross-functional teams that create the operational design, technology support and resourcing model for testing, refining and implementing new compensation solutions
• Monitor, analyze and leverage internal and external data, trends and insights in rewards and talent
• Influence, educate and persuade organization-wide stakeholders, including senior leaders
• Define and implement measurement plans and metrics to assess the effectiveness and impact of compensation initiatives and programs; proactively recommend changes, as needed
• Create and implement change management and communications plans or partners with others to do so
• Manage scope, schedule and resources, including vendors, of projects
Required Job Qualifications
• Bachelor’s degree or equivalent experience; advanced degree preferred; CCP preferred
• Experience in multiple HR disciplines, including compensation or benefits with increasing levels of responsibility
Other Critical Factors
• Experience leading large, complex projects
• Demonstrated ability to influence others from across the organization, including executives and others at higher levels
• Demonstrated expertise in the following functional areas: project management, financial acumen, communications/stakeholder management, design/development of solutions/processes
• Ability to effectively handle highly confidential compensation and other human resource information