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Compensation Consultant
2 months ago
Our Human Resources department is currently seeking a Compensation Consultant. This role will work a hybrid schedule out of our Worcester, MA office. Remote candidates will be considered.
Position Overview/Summary:
The Compensation Consultant collaborates with the HR team and business partners to design and implement competitive compensation plans. Regularly consult with business areas to support job architecture reviews and provide support on compensation related initiatives. Lead and/or support annual compensation programs. Play a critical role in ensuring fair pay practices, analyzing data, and adhering to labor legislation.
Responsibilities/Essential Functions:
Conduct job evaluations utilizing external market data and internal factors to make appropriate salary grade assignment and competitive pay decisions
Complete market analysis to ensure competitive pay positioning
Participate in salary surveys and synthesize results identifying key observations and market insights to be presented to management
Support administration and communication of compensation programs including the annual and off-cycle compensation processes and open enrollment
Analyze and interpret data showcasing areas of opportunity
Work with business partners in HR to support day-to-day compensation questions
Conduct and compile information on competitive compensation programs and practices
Maintain updates in Hanover’s compensation management systems and train internal users on the tool
Gather information required for pay equity analysis efforts
Maintain documentation on job evaluations and market analysis work
Seek input from key stakeholders on compensation programs and practices
Lead small-to-medium sized compensation projects, including research and analysis
Partner with the HR Technology team to design and deliver compensation tools and technologies
Provide innovative solutions aimed at creating greater efficiencies and improved outcomes
Develop and analyze key measures of compensation program effectiveness
Analyze impact of regulatory or compliance changes to existing programs
Position Requirements:
Bachelor’s Degree preferred
5+ years of compensation related experience
Background in total reward and/or human resources business partner role a plus
Strong knowledge of HR practices and labor legislation
Strong analytical skills, attention to detail, and demonstrated ability to maintain a high degree of accuracy
Ability to capture, assess and articulate data findings
Ability to recommend, document and implement process improvements
Ability to collaborate with others, manage moderately complex projects and deliver high quality analysis
Ability to manage multiple projects at once
Experience with compensation survey management tools a plus
Proficient with Microsoft Office Suite with advanced knowledge of Excel
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