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Strategic Compensation Advisor
2 months ago
The People Group at GEICO is seeking a Strategic Compensation Advisor to become an integral part of the Total Rewards Team. This role is essential in ensuring that the organization’s compensation frameworks are tailored to meet its operational needs while remaining competitive and compliant.
Key Responsibilities:
- Serve as the primary consultant for various support functions and business units, providing strategic guidance on compensation practices and the overall pay landscape.
- Conduct comprehensive job family evaluations and market pricing for roles.
- Offer innovative compensation strategies and solutions that align with business objectives, challenging existing norms to achieve optimal results.
- Lead communication efforts related to compensation and manage change processes effectively.
- Facilitate annual merit and bonus initiatives for designated client groups.
- Design, implement, and oversee base pay programs, including pay setting, structure development, and progression policies.
- Perform advanced modeling and analysis on compensation matters, creating analytical tools to identify and address compensation challenges, and effectively present data insights.
- Guide and mentor a team of compensation analysts.
- Collaborate with other corporate departments to ensure compliance with all compensation programs.
- Develop and deliver impactful presentations to influence decision-making and convey information to management and stakeholders.
Qualifications:
- Bachelor's or Master's degree in Finance, Business Management, or Human Resources preferred.
- Strong awareness of external market trends and compensation legislation.
- Experience with HRIS applications, particularly Workday, is desirable.
- Over 10 years of experience in compensation is preferred.
- At least 5 years of management experience is preferred.
- Ability to leverage a consultative approach with a strategic mindset, demonstrating analytical thinking and attention to detail.
- Proficient in Excel, capable of managing and manipulating large datasets.
- Exceptional verbal and written communication skills, with the ability to engage effectively with HR Business Partners, Managers, and Senior Leadership.
- Demonstrated analytical and problem-solving capabilities, with the ability to manage multiple projects in a fast-paced environment.
- A collaborative team player who takes initiative and builds strong working relationships.
- Certification as a Certified Compensation Professional (CCP) is preferred.
Annual Salary: $128,224,000.00
The salary range provided is a general guideline and may vary based on several factors, including the role's scope, the candidate's experience, education, and market considerations.
Benefits:
- Comprehensive Medical, Dental, and Vision Insurance with immediate coverage.
- Paid Vacation, Sick Leave, and Parental Leave.
- 401(k) Retirement Plan.
- Tuition Reimbursement.
- Paid Training and Licensure Opportunities.
GEICO is committed to providing equal employment opportunities for all associates and applicants, ensuring a workplace free from discrimination and harassment.
