Compensation Consultant

Company: SPECTRUM
Location: Saint Louis
Posted on: August 7, 2022

Job Description:

JOB SUMMARYThe Compensation Consultant will identify, design and recommend competitive compensation programs that attract and retain employees, drive performance and results, and provide rewards and recognition for individuals and teams. This position will assure compensation initiatives are aligned with business strategies, objectives and competitive marketplace position. Provide specialization in compensation functions such as executive compensation, sales and variable compensation, merit and bonus administration, or Long Term Incentives.MAJOR DUTIES AND RESPONSIBILITIESActively and consistently support all efforts to simplify and enhance the customer experienceDesigns and Implements base compensation, incentive and commission/sales programsCreates communication plans and strategies to support all Compensation programs and initiativesProvides education and training to Business Unit Management and Human Resources staff regarding compensation issues and practices Drives cross-functional teams to strive for a common resultMonitors effectiveness of existing plans, policies, processes, guidelines and procedures, recommending new plans consistent with business needs and compensation trends as requiredActs as a business partner with functional areas as well as Human Resources on complex compensation-related projects, identifies appropriate course of action and ensures timely delivery of end product or resolution Plays key role in development, installation and administration of salary structures, geographic differentials, incentive plans, merit, salary surveys, program communication/education and functional auditsEvaluates job content and formulates recommendations to business on grade, title, pay, and FLSA exemption status based on analyses of internal equity and market competitivenessAssures clear communication of programs and implementation is consistently applied enterprise-wide Performs analysis and modeling of compensation plans to assure that they meet business goalsParticipates in salary surveys as needed to ensure that compensation programs are competitive with the external market Performs other duties as requiredREQUIRED QUALIFICATIONSSkills / Abilities and Knowledge Ability to influence othersAbility to analyze and interpret dataAbility to handle multiple projects and tasksAbility to maintain confidentiality of informationAbility to make decisions and solve problems while working under pressureAbility to prioritize and organize effectivelyKnowledge of compensation administrationKnowledge of Fair Labor Standards Act and Employment lawsIn-depth knowledge of compensation fundamentals including design principles, administration and strategic planningCCP preferred; quantitative degree preferredEducation Bachelor degree in Finance, Human Resources, Business, related field or equivalent experienceRelated Work Experience 7-8 years of Compensation administration experience 3-4 years of Project Management Experience WORKING CONDITIONS Office environmentThis role offers a Hybrid work schedule HCP305-HR 293942-1 293942BR

Keywords: SPECTRUM, St. Louis , Compensation Consultant, Accounting, Auditing , Saint Louis, Missouri