Compensation Consultant

1 week ago

Charlotte, United States Truist Financial Full time
The position is described below. If you want to apply, click the Apply button at the top or bottom of this page. You'll be required to create an account or sign in to an existing one.

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If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:
Regular

Language Fluency: English (Required)

Work Shift:
1st shift (United States of America)

Please review the following job description:

The Compensation Consultant is responsible for executing on key compensation priorities. This position will provide feedback on compensation strategy, design, implementation, and administration across core compensation initiatives in the space of broad base, sales, or executive compensation. In addition, the role will support compensation products used to deliver innovative solutions that support Client needs.

ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
• Assist with comprehensive compensation strategies, policies, and programs that attract, retain, and motivate top talent.
• Serve as a compensation strategist with internal Client groups consulting on emerging compensation trends, industry best practice, and internal resources.
• Conduct market research and analysis to benchmark compensation practices and ensure competitiveness.
• Execute on compensation initiatives such as job studies, short- and long-term incentive compensation, and job architecture.
• Inform internal client groups on compensation trends, legal requirements, and innovative tools to enhance the existing partnership.
• Provide guidance and recommendations on compensation matters, including offer negotiations, promotions, and salary adjustments.
• Assist with and deliver training programs and resources to educate managers and employees on compensation philosophy, practices, and policies.
• Support special projects and initiatives as assigned by leadership, contributing to the overall success of the organization.
• Analyze data, ensuring accuracy, and prepare reports that can be used to inform compensation decisions.
• Assist with preparation of required reporting and disclosures as it relates to regulatory compliance requirements.
• Partner with leaders to ensure pay equity and consult on remediation plans when necessary.
• Create and maintain tools for HRBPs and Talent Acquisition, as well as prioritize HR system updates in an effort to operationalize compensation programs.

QUALIFICATIONS
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND EXPERIENCE
• Bachelors Degree (Preferred)
• 2+ years of experience (Preferred)

CERTIFICATIONS, LICENSES, REGISTRATIONS
• None

FUNCTIONAL SKILLS
• Experience in Excel
• Analytical and quantitative skills
• Developing communication skills
• Out of the box thinker
• Time management skills

General Description of Available Benefits for Eligible Employees of TIH:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH's generous benefit plans, please visit our Benefits site. Eligible employees may have the opportunity to participate in a deferred compensation plan and/or have an ownership interest in TIH in the form of profits interest or capital interest. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

This position is part of TIH.

Truist Financial Corporation has completed the sale of Truist Insurance Holdings (TIH). As a result, TIH is a separate company from Truist Bank as of May 6, 2024. Refer to the news release for details.

TIH Insurance Holdings, LP (TIH) supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. TIH is a Drug Free Workplace.

EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify

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