Compensation Consultant

Found in: Talent US C2 - 1 week ago


Charlotte, United States McGriff Insurance Services Full time

ESSENTIAL DUTIES AND RESPONSIBILITIES


Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Assist with comprehensive compensation strategies, policies, and programs that attract, retain, and motivate top talent.
• Serve as a compensation strategist with internal Client groups consulting on emerging compensation trends, industry best practice, and internal resources.
• Conduct market research and analysis to benchmark compensation practices and ensure competitiveness.
• Execute on compensation initiatives such as job studies, short- and long-term incentive compensation, and job architecture.
• Inform internal client groups on compensation trends, legal requirements, and innovative tools to enhance the existing partnership.
• Provide guidance and recommendations on compensation matters, including offer negotiations, promotions, and salary adjustments.
• Assist with and deliver training programs and resources to educate managers and employees on compensation philosophy, practices, and policies.
• Support special projects and initiatives as assigned by leadership, contributing to the overall success of the organization.
• Analyze data, ensuring accuracy, and prepare reports that can be used to inform compensation decisions.
• Assist with preparation of required reporting and disclosures as it relates to regulatory compliance requirements.
• Partner with leaders to ensure pay equity and consult on remediation plans when necessary.
• Create and maintain tools for HRBPs and Talent Acquisition, as well as prioritize HR system updates in an effort to operationalize compensation programs.


QUALIFICATIONS
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND EXPERIENCE
• Bachelors Degree (Preferred)
• 2+ years of experience (Preferred)

CERTIFICATIONS, LICENSES, REGISTRATIONS
• None

FUNCTIONAL SKILLS
• Experience in Excel
• Analytical and quantitative skills 
• Developing communication skills
• Out of the box thinker
• Time management skills 
 

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.



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