Compensation Consultant - Alera Group

OVERVIEW

Compensation Works, a division of Alera Group, Inc. is growing! We currently have an opening for a Compensation Consultant.

Are you ready to make an impact in the compensation consulting world? Do you buzz with ideas and innovation that could redefine industry standards? If you're nodding yes, then it's time to bring your talents to Compensation Works!

We're on the hunt for a full-time, remote Compensation Consultant who's not just looking for a job, but a journey. A journey filled with challenging projects, transformative client work, and the chance to make a tangible impact. This isn't just any role; it's your opportunity to become a pivotal part of a team that's as passionate about making a difference as you are.

About Us

At Compensation Works, an Alera Group Company, we are at the forefront of redefining the compensation consulting landscape. Our mission is to empower organizations by ensuring their compensation structures are not only competitive but also equitable, fostering a culture of appreciation and mutual respect. With a team passionately dedicated to innovation and excellence, we pride ourselves on delivering bespoke compensation consulting services that align with our clients' unique needs and values.

Our journey is characterized by a relentless pursuit of excellence, a deep understanding of the intricacies of compensation, and a commitment to providing solutions that drive organizational success. We believe in the power of collaboration, integrity, and transparency, which are the cornerstones of our approach to every project and partnership.

We are more than just a consulting firm; we are a community of professionals dedicated to making an impact in the compensation consulting world. Our team is composed of thought leaders, industry experts, and innovative thinkers who are all driven by the same goal: to elevate the standards of compensation practices across industries.

RESPONSIBILITIES

As a Compensation Consultant at Compensation Works, an Alera Group Company, you will play a critical role in supporting our clients in the market pricing, design, development, and administration of their compensation programs. You will be responsible for a range of duties, including:

• Conducting comprehensive analysis of compensation programs, to evaluate market competitiveness, pay equity and compliance with regulatory requirements. Such activities will generally include benchmarking client jobs and synthesizing and assessing action items derived from your research and analysis.
• Participation in the design and implementation of compensation programs, including base pay management, broad-based incentive plans, sales compensation plans, and executive compensation plans.
• Development of pay administration guidelines and modeling tools for a client's annual compensation planning activities, using applications such as excel and PowerBI.
• The design and administration of short-term incentive plans including sales incentives.
• Modeling the financial impact of compensation system recommendations.
• The development of job architectures, reviewing and building out job families, writing job descriptions, and creating competency models.
• Evaluating client programs and documentation for compliance with federal, state, and local regulatory environments.
• Participation in client meetings (virtual/online) to review findings and recommendations, answer questions, and ensure client satisfaction.
• Staying current with the latest trends and best practices in compensation, providing insights that can positively impact our clients and our team.
• Collaboration with other team members to ensure project timelines are met and deliverables are of the highest quality.
• The development of client-facing communication materials such as presentations, plan documents, and training content, tailored to a specified audience.

Note: Work hours will typically be heavy from July through December due to the annual compensation cycle of our clients' businesses.

QUALIFICATIONS

Education and/or Experience Qualifications:

• Bachelor's degree in business, economics, or human resources management. Relevant experience may supplement or replace educational requirements.
• At least 4 years of progressively more complex experience as a compensation professional performing analysis and advising key stakeholders, such as management or human resources partners, on outc