Senior Compensation Consultant

Tufts Medicine•Burlington, MA

57d•$101,084 - $128,878

About The Position

This position provides advice and counsel to Human Resources Business Partners and client department management on a variety of compensation programs and issues including design and development of reward programs such as incentives, recognition awards, etc. This role provides analytical and consultative services in designing, delivering, and administering innovative compensation solutions/programs to assist clients with meeting their business needs. In addition, this role conducts market analysis, performs job evaluations, develops job descriptions, etc. This position manages health system wide projects and functions as a subject matter expert and consultant to leadership and provides support and guidance to HR staff across Tufts Medicine. This role assists with coordination of compensation team projects including advising and mentoring team members.

Requirements

Bachelor's degree in human resources, business administration, data analytics, finance, or a related field.
Seven (7) years of progressive compensation experience.
Experience with compensation plan design, benchmarking and survey data, incentive plan design, and administration.
Strong consulting, communication and relationship management skills.
Strategic and innovative thinker with excellent problem solving and analytical 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.
Highly detail oriented with emphasis on accuracy, coupled with the ability to see the broader picture.
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 and be able to use independent judgment for decisions that may not be straightforward, able to prioritize and manage multiple tasks/projects at once with ambiguity and changing priorities.
Ability to handle information in a manner which protects its confidentiality.
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.
Ability to teach and mentor peers.
Must possess an in-depth knowledge of compensation methodologies and market trends.

Nice To Haves

Master's degree in human resources, business administration, economics, finance, or a related field.
Professional certification in compensation such as the Certified Compensation Professional (CCP) designation.
Experience with Workday.
Experience in healthcare compensation.
Experience with Compensation analytics tools such as Payfactors, etc.

Responsibilities

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.