Compensation Strategist

8 hours ago

St Louis, Missouri, United States Spectrum Full time
Job Summary

The Compensation Consultant plays a pivotal role in designing, administering, and supporting compensation department programs, projects, and initiatives that align with business strategies and talent objectives. This role requires a deep understanding of core finance and accounting principles, as well as strong knowledge of compensation concepts and methodologies.

Key Responsibilities
  • Conduct complex analysis and data modeling to evaluate compensation programs and address business needs.
  • Monitor the effectiveness of existing plans, policies, processes, guidelines, and procedures, recommending new plans consistent with business needs and compensation trends.
  • Assist with the design, preparation, and maintenance of compensation models.
  • Partner with HR Communications to create communication plans and strategies to support compensation programs and initiatives.
  • Support the year-end compensation process and the training/communications requirements of compensation programs.
  • Serve as a consultative partner and resource on complex compensation-related projects with business stakeholders.
  • Identify the appropriate course of action on compensation projects and tasks, ensuring timely resolution of issues and delivery of work product.
  • Play a key role in the development, implementation, and administration of salary structures, geographic differentials, incentive plans, merit increases, salary surveys, program communication/education, and functional audits.
  • Work proactively to ensure clear communication of programs and compensation activities company-wide, consistently obtaining necessary alignment from stakeholders.
  • Participate in cross-functional team projects as necessary, supporting ad hoc project/analysis requests.
  • Partner with the HR Technology team to ensure the HRMS system meets compensation needs and is updated to reflect compensation changes.
  • Conduct compensation benchmarking and generate compensation recommendations for broad-based and executive-level positions.
  • Perform job evaluations, reviewing job descriptions and providing recommendations on job levels and grading.
  • Organize and maintain compensation files and records.
  • Coordinate with functional areas and other HR centers of excellence on compensation matters.
  • Serve as an auxiliary resource for the administration and management of the company's long-term incentive program and other compensation programs, as required.
  • Participate in the ongoing evaluation of current processes and procedures.
  • Remain informed of emerging compensation trends and regulations.
Requirements
  • Bachelor's degree in Human Resources or a related field.
  • 7+ years of experience in compensation administration.
  • 3+ years of experience in project management.
  • Ability to maintain confidentiality and adhere to the highest degree of professional standards.
  • Ability to influence others.
  • Ability to analyze and interpret data.
  • Ability to handle multiple projects and tasks.
  • Ability to maintain confidentiality of information.
  • Ability to make decisions and solve problems while working under pressure.
  • Ability to prioritize and organize effectively.
  • Knowledge of compensation administration.
  • Knowledge of Fair Labor Standards Act and Employment laws.
  • Demonstrated knowledge of compensation fundamentals, including design principles, administration, and strategic planning.

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