Compensation Specialist
1 week ago
We are seeking a highly skilled Compensation Partner to join our Total Rewards team at The Hartford. As a key member of our team, you will play a critical role in shaping the future of our company's compensation programs.
Key Responsibilities- Identify and address emerging compensation trends for assigned client areas.
- Anticipate pay risk or challenges associated with changes in organizational design or business strategy.
- Partner and consult with business and HR partners to analyze salary and incentive programs aligned to competitive conditions and business objectives.
- Counsel business and HR clients on pay strategy, policies, programs, communications, and competitive practice.
- Consult and provide guidance on client sales compensation plans.
- Lead compensation survey submission and review, and year-end compensation planning (merit, bonus and LTI) efforts for assigned business groups.
- Ensure the internal equity and external competitiveness of the company's total compensation practices through strategic monitoring of business conditions, legal requirements, economic environment, and competitive practices.
- Participate in cross-disciplinary project teams supporting the development and implementation of performance-based pay programs or other enterprise compensation initiatives.
- Develop compliant, auditable, cost-effective business processes as necessary to monitor on-going delivery and effectiveness of pay programs after implementation.
- Identify, acquire, and maintain required infrastructure and resources necessary for effective administration, e.g., competitor intelligence channels, policies, practices, business processes, structures, communications channels.
- Conduct evaluations, surveys, and competitive analyses as necessary to ensure the on-going integrity of existing structures, policies, and practices.
- A minimum of five years of broad-based compensation, sales compensation or related experience strongly preferred; experience in insurance and/or financial services industry preferred.
- Strong consultative skills, able to effectively coach, negotiate, positively influence/ leads stakeholders, and quickly gain trust and confidence.
- Ability to manage multiple clients and projects, while delivering results.
- Demonstrated teamwork and collaboration skills.
- Strong analytical skills required, preferred experience with forecasting and modeling.
- Comprehensive knowledge of regulations and issues impacting compensation.
- Excellent verbal, written, presentation and interpersonal communication skills.
- Strong business acumen to assess applicability, benefits, and challenges of various compensation structures.
- Bachelor's degree required; advanced degree preferred. Certified Compensation Professional (CCP) preferred.
- MS Office proficiency required; experience with Workday, Tableau and/or Better Comp or similar tools is helpful.
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role.
The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition.
The annualized base pay range for this role is: $104,240 - $156,360
The Hartford is an Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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