Compensation Consultant

3 weeks ago

Tustin, United States Virgin Galactic Full time

The Compensation Consultant will provide guidance and support as it relates to, but not limited to: executive compensation, broad-based compensation, and other specialized areas of compensation. Requires technical competencies and strong project management skills to support complex projects from initiation through completion. Develop and maintain effective working relationship within the People team as well as across our business units (e.g. corporate finance, legal, engineering, etc.) in support of compensation programs.


Serve as lead for key compensation initiatives related to long-term incentive design and administration, compensation benchmarking, and communication of compensation plans.

  • Drive compensation initiatives related to annual merit planning and execution.
  • Annual incentive and Long-term incentive design and communication of compensation plans.
  • Select and maintain compensation benchmarking surveys
  • Research and analyze new and existing positions and update salary grade structures by interpreting market data and providing recommendations
  • Maintain appropriate job titles, job codes, FLSA status, pay grades, incentive targets, etc.
  • Advise People Team and Talent Partners on appropriate job offers and review promotional salary increases
  • Perform special compensation, market, and internal equity studies by analyzing salary data and work experience of existing employees and provide recommendations
  • Partner with People Business Partners to create, update and maintain job profiles
  • Perform job evaluations and recommend salary changes or offers to candidates.
  • Ensure compliance with Federal, State, local laws and regulations
  • Assist with the creation of materials for the Compensation Committee of the Board and the annual proxy statement/filing.
  • Partner with HRIS to ensure data integrity and perform ad-hoc analyses and reporting as needed
  • Conducts analyses for executive compensation projects, including financial analysis of compensation programs and initiatives, (e.g., long-term incentive design and planning, competitive pay analyses, proxy peer group data, etc.)
  • Assists with year-end compensation review process.


Requirements

Education:

  • Bachelor’s Degree required, preferably in Human Resources, Finance, Mathematics, Statistics, or a related field
  • WorldatWork CCP, CEP, or other appropriate certification preferred


Experience:

  • A minimum of 8-10 years’ experience in compensation
  • 2-3 years of consulting or corporate executive compensation experience


Knowledge/Skills:

  • Strong analytical and problem-solving abilities and attention to detail
  • Time management and project management skills – prioritize workload, to meet deadlines and ensure partners meet deadlines
  • Strong knowledge of executive compensation programs and practices preferred
  • Strong quantitative, statistical, analytical skills and attention to detail
  • Expert proficiency with the Microsoft Office Suite (Excel, Word, PowerPoint
  • Demonstrated ability to anticipate and prioritize multiple priorities in a fast-paced environment
  • Ability to handle compensation employee data with complete confidentiality and utmost discretion
  • Able to assimilate research data from a variety of sources, analyze, and recommend appropriate courses of action
  • Proficiency with HRIS (preferably SuccessFactors) and possess systems aptitude
  • Demonstrated ability to explain complex concepts clearly to varied audiences
  • Demonstrated resourcefulness; works well independently and on a team

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