Incentives Compensation Specialist

1 month ago

California, United States Parsons Corporation Full time

About the Role:

Parsons is seeking an Incentives Consultant to provide key operational support for our cash-based incentive programs. As the subject matter expert and program administrator, you will assist in the design and development of plans, documents, communication, education, and training. This role requires internal analytical expertise related to the compensation function, with an emphasis on cash-based incentive programs.

Key Responsibilities:

  • Administer cash incentive compensation plans, including short-term incentive plans, sales compensation plans, deferral plans, and retention plans.
  • Partner with Finance to collect short-term incentive metrics and associated data elements, including scorecard details, targets, and results.
  • Collaborate with the Human Resources Information Technology Team to ensure successful Workday load of incentive data elements and ensure incentives and associated data elements are displayed, calculated, paid, and communicated accurately.
  • Accurately track, monitor, and report on budgets, participation, and costs within each cash-based incentive program and partner with Finance and Payroll to meet reporting and payout deadlines on a monthly, quarterly, and annual basis.
  • Develop and distribute opportunity and payout documentation and associated communications for all incentive participants.
  • Develop and distribute deferral plan statements.
  • Generate incentive models and reports using complex formulas in Excel.
  • Compile and analyze business-relevant salary surveys and obtain comprehensive market data to analyze internal and external market practice and recommend incentive design and guidelines based on research and conclusions made from compiled research and client input.
  • Participate in the design and development of incentive plans, project requirements, and implementation of new programs.

Requirements:

  • Bachelor's degree or equivalent in Business, Finance, or Accounting preferred.
  • 8+ years of progressive advanced professional experience in incentive compensation administration.
  • Certified Compensation Professional (CCP) preferred.

Desired Skills:

  • Experience with Workday Advance Compensation preferred.
  • Advanced skills in Microsoft Office, specifically Excel (using formulas, v-look-ups, if statements, pivot tables, and working with large amounts of data).

Benefits:

Parsons offers a competitive salary range of $83,300.00 - $145,800.00, best-in-class benefits, including medical, dental, vision, paid time off, Employee Stock Ownership Plan (ESOP), 401(k), life insurance, flexible work schedules, and holidays to fit your busy lifestyle.

About Parsons:

Parsons is an equal opportunity employer committed to diversity, equity, inclusion, and accessibility in the workplace. We value our employees and want our employees to take care of their overall wellbeing. We offer endless growth opportunities and a dynamic work environment.

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