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Compensation Consultant

Company: SPECTRUM
Location: Saint Louis
Posted on: January 16, 2022

Job Description:

JOB SUMMARY
The 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 RESPONSIBILITIES
Actively and consistently support all efforts to simplify and enhance the customer experience

Designs and Implements base compensation, incentive and commission/sales programs

Creates communication plans and strategies to support all Compensation programs and initiatives

Provides 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 result

Monitors effectiveness of existing plans, policies, processes, guidelines and procedures, recommending new plans consistent with business needs and compensation trends as required

Acts 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 audits

Evaluates job content and formulates recommendations to business on grade, title, pay, and FLSA exemption status based on analyses of internal equity and market competitiveness

Assures clear communication of programs and implementation is consistently applied enterprise-wide

Performs analysis and modeling of compensation plans to assure that they meet business goals

Participates in salary surveys as needed to ensure that compensation programs are competitive with the external market

Performs other duties as required

REQUIRED QUALIFICATIONS
Skills / Abilities and Knowledge
Ability to influence others
Ability to analyze and interpret data
Ability to handle multiple projects and tasks
Ability to maintain confidentiality of information
Ability to make decisions and solve problems while working under pressure
Ability to prioritize and organize effectively
Knowledge of compensation administration
Knowledge of Fair Labor Standards Act and Employment laws
In-depth knowledge of compensation fundamentals including design principles, administration and strategic planning
CCP preferred; quantitative degree preferred

Education
Bachelor degree in Finance, Human Resources, Business, related field or equivalent experience

Related Work Experience
7-8 years of Compensation administration experience
3-4 years of Project Management Experience

WORKING CONDITIONS
Office environment HCP305-HR 293942-1 293942BR

Keywords: SPECTRUM, St. Louis , Compensation Consultant, Other , Saint Louis, Missouri

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