Compensation Consultant (Hybrid - Madison, WI or Waverly, IA)

TruStage•Madison, WI

2d•$104,200 - $156,300•Hybrid

About The Position

This position provides senior/advanced level compensation consulting, design, development, and administration to multiple, highly complex, diverse client areas under minimal direction. This position collaborates and consults with HR partners and business leaders to develop effective solutions in the following areas: job design, analysis and evaluation, sales incentive design, salary administration, market pricing and analysis, FLSA/compliance/regulatory issues, and other compensation related issues. For assigned client areas, design, develop, administer and communicate innovative and cost-effective compensation programs to support internal equity, external competitiveness and consistent application of salary practices throughout the organization. In addition, this position serves as a compensation expert resource on a broad range of highly complex issues with minimal direction and review. Independently leads large compensation projects/processes on a regular basis. Consultant: Provides advice regarding the strategy, management and operations as well as the structure of a business. They analyze and identify problems, research and collect data, prepare business proposals, manage projects and programs. They recommend solutions, utilizing knowledge of theory, principles, or technology of specific discipline or field of specialization. Consults with client to ascertain define need or problem area plus determine scope of investigation required to obtain solution. Consultants analyze data to define solutions and examine alternate methods as well.

Requirements

Bachelor’s degree in Human Resources, Finance, Business or equivalent professional work experience.
7+ years compensation/human resources/business experience with 3-4 years in consultative roles.
Demonstrated analytical, conceptual thinking, and quantitative skills.
In-depth understanding of technical applications, including spreadsheet and database software tools.
High level of communication, verbal, written, relationship, negation, and influencing skills.
Proven effective project management skills.
Knowledge of compensation best practices
Knowledge of legislation relating to Compensation.

Responsibilities

Collaborate with HR partners for assigned client areas to ensure compensation solutions meet client needs.
Equip HR partners and managers with required knowledge and tools to serve their client’s needs.
Consult with HR partners and managers to provide technical advice in the interpretation of compensation. policies and procedures.
Make recommendations regarding compensation policy direction.
Provide leadership over a broad range of administrative activities associated with various compensation processes.
Conduct job design, analysis, and evaluations of non-represented jobs, represented jobs, and supervisory jobs in assigned areas to determine job level and relative job worth.
Market benchmark and pricing of jobs.
Where applicable, lead annual sales incentive plan design/re-design process for assigned client areas.
Lead various compensation projects and processes, as assigned.