We are working with a healthcare client in the Boston area who is looking for a Compensation Consultant on a part time remote basis.
Duties and Responsibilities: The duties and responsibilities listed below are intended to describe the general nature of work and are not intended to be an all-inclusive list. Other duties and responsibilities may be assigned.
- Performs analytical studies in a variety of compensation areas, such as internal and external equity, competitive pay practices, incentive compensation, and emerging trends.
- Recommends policy and/or program changes.
- Conducts job evaluations for new or revised positions to determine appropriate salary grade.
- Evaluates and analyzes market data, determines FLSA status, and maintains appropriate documentation regarding the review.
- Participates in the development and administration of the annual salary programs, to include analysis of market data, position-to-market, trends for merit budgets, pay differentials, salary increase project plan, communications, and instructions for processing merit raises, etc.
- Designs, develops, and administers special compensation programs, such as special incentive programs, job evaluation studies, etc.
- Develops and presents educational/training programs to managers and employees.
- Reviews (and may approve or recommend approval of) a variety of compensation actions, such as promotions, above guideline job offers, off-cycle pay increases, etc.
- Compiles and interprets survey results and identifies labor market trends to support the management of compensation programs.
- Continuously conducts additional research beyond traditional salary survey results to ensure a comprehensive understanding of the compensation data and competitive labor markets.
- Provides analytical tools that align with talent development, workforce planning and best in class HR analytics.
- Builds and maintains reports, dashboards, and metrics and monitors the integrity and validity of the data reported.
- Analyzes trends in compensation and build intelligence through reporting.
- Works with large amounts of data and build tools to streamline the process.
- Continually reviews, researches and analyzes compensation processes to identify and recommend changes to improve efficiency, effectiveness and overall quality of information.
- Develops tools and information presentation methods to deliver information in the appropriate context and format that best supports the organization.
- Participates in System wide projects and initiatives.
- Provides advisory services to leadership and HR teams around various pay, job, organization structure, and career pathing issues.
- Leads assigned major/complex projects in a variety of compensation-related areas.
- Assists with providing guidance, training, and mentorship to the compensation team members to ensure projects and responsibilities are accomplished on time and within expected standards.
Skills & Abilities:
- Strong consulting, communication and relationship management skills.
- Demonstrated ability to solve complex problems using best practices, knowledge of internal and external business issues to provide a new perspective on existing solutions or create new solutions.
- Excellent organizational, project and time management skills with ability to organize and prioritize multiple projects and competing priorities.
- Must be comfortable and able to work in a fast-paced changing environment
- Must have a high level of analytical skills, including strong use of Microsoft Excel including v-lookup and pivot tables and experience dealing with large volumes of data.
- Must have and maintain a working knowledge of federal and state labor laws related to compensation and all aspects of human resources.
- Must have a thorough knowledge of Microsoft Excel and HRIS systems.
- Must possess an in-depth knowledge of compensation methodologies and market trends.
Minimum Qualifications:
1. Bachelor’s degree in human resources, business administration, data analytics, finance, or a related field.
2. Seven 5+ years of progressive compensation experience.
3. Experience with compensation plan design, benchmarking and survey data, incentive plan design, and administration.
Preferred Qualifications:
1. Master’s degree in human resources, business administration, economics, finance, or a related field.
2. Professional certification in compensation such as the Certified Compensation Professional (CCP) designation.
3. Experience with Workday.
4. Experience in healthcare compensation.
5. Experience with Compensation analytics tools such as Payfactors, etc.