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Compensation Strategist
2 months ago
The Compensation Consultant will play a pivotal role in developing and implementing a compensation project that drives business results. This role requires a strategic thinker with a deep understanding of compensation, who can assist in developing a compensation refresh that includes job titling, leveling, market pricing, and associate mapping.
Key Responsibilities- Lead compensation projects that span across the organization, including market pricing, job architecture, incentive/bonus design, salary structure creation, change management, and coordination with HRBPs, executives, and other key leaders.
- Complete job evaluations for leaders, Human Resources, and/or Talent Acquisition to retain, reward, and recruit key talent.
- Assist and recommend job descriptions for new, modified, and consolidated jobs across the Company.
- Market price new and modified jobs to validate and create a new or modified pay structure that includes base, short-term incentives, and equity review.
- Provide guidance and consultation to HR Business Partners and Leaders regarding compensation, incentive design, regulatory, and other compensation-related programs.
- Conduct reviews and recommend actions based on the Fair Labor Standards Act and state required compensation regulations.
- Perform advanced compensation analysis with recommendations to identify trends and other requests.
- Create incentive and commission plan design and implementation as required.
- Develop compensation communications and training materials to support various programs and changes.
- Assess the impact of compensation changes as they affect budgets and revenue. Recommend options regarding program design, costs, and including alternative approaches.
- Prepare compensation administrative guidelines, policies, and procedures for the organization.
- Partner with the HRBP and business to plan, develop, and implement a compensation remodel related to job profiles, market pricing, titling, leveling, and associate mapping.
- Bachelor's Degree
- 7 years of compensation experience, including job architecture, market pricing, financial analysis, and FLSA reviews.
- Candidate must have experience in large-scale compensation projects, including leading a project team, developing change management implementation plans, communication plans, and other project-related duties.
- Experience in market pricing tools such as CompAnalyst, Mercer, and Culpepper, etc. preferred.
- Prefer experience in Oracle.
- Advanced Excel expertise required.
- Excellent experience in PowerPoint and Word.
- Excellent interpersonal and organizational skills.
- Excellent oral and written communication skills.
- Ability to create and present graphic presentations of data for executive leadership review.
- Ability to handle multiple projects simultaneously and meet tight timelines.
- Experience using Microsoft Teams and SharePoint.
The Compensation Consultant will work in a fast-paced environment with a high sense of urgency, requiring strong project management skills, database management skills, and the ability to deliver accurate work in a highly complex environment.
What We OfferAcosta offers a competitive compensation package, including a comprehensive benefits program, opportunities for professional growth and development, and a dynamic work environment.
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