Online Compensation Consultant

Location: Remote

Annual Salary: $85,839

Job Overview: We seek an experienced Online Compensation Consultant to join our team remotely. In this role, you will develop, analyze, and implement compensation strategies and programs that align with our organizational goals and industry standards. Your expertise will ensure that our compensation structure supports employee satisfaction and retention and attracts top talent.

Key Responsibilities:

1. Compensation Strategy Development:
   • Design and implement comprehensive compensation strategies that align with the company’s overall business objectives.
   • Conduct market research and salary benchmarking to ensure our competitive and equitable compensation packages.
   • Develop and recommend compensation structures, salary ranges, and incentive plans.
2. Compensation Analysis:
   • Analyze job roles, responsibilities, and required skills to determine appropriate compensation levels.
   • Evaluate internal and external equity of compensation packages and recommend adjustments as needed.
   • Perform regular compensation audits to ensure compliance with applicable laws and regulations.
3. Employee Compensation Management:
   • Provide guidance and support to HR and management regarding compensation-related issues, including salary reviews and adjustments.
   • Assist in developing compensation-related policies and procedures to ensure consistency and fairness.
   • Address employee inquiries and concerns related to compensation promptly and professionally.
4. Compensation Reporting:
   • Prepare detailed reports and presentations on compensation trends, analysis, and recommendations for senior leadership.
   • Maintain and update compensation data and metrics to support decision-making processes.
   • Monitor and analyze compensation data to identify trends, discrepancies, and areas for improvement.
5. Compliance and Regulations:
   • Ensure compensation practices comply with federal, state, and local regulations, including pay equity laws and minimum wage requirements.
   • Stay current on compensation laws and regulations changes and adjust compensation practices as necessary.
   • Coordinate with legal and compliance teams to address any compensation-related issues or concerns.
6. Project Management:
   • Lead or participate in special compensation-related projects, such as compensation redesign initiatives or system upgrades.
   • Collaborate with cross-functional teams to ensure successful implementation of compensation programs and initiatives.
   • Manage timelines, resources, and deliverables to ensure project goals are met.
7. Communication and Training:
   • Develop and deliver training materials and workshops on compensation-related topics for HR teams and management.
   • Communicate compensation policies, programs, and changes effectively to employees and stakeholders.
   • Act as a subject matter expert on compensation and advise HR and management.

Qualifications:

• Education: Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field. A Master’s degree or professional certification (e.g., Certified Compensation Professional) is preferred.
• Experience: Minimum of 5 years of experience in compensation analysis or consulting, with a strong understanding of compensation practices, methodologies, and regulations.
• Skills:
  • Proficiency in compensation analysis tools and software.
  • Strong analytical and quantitative skills, with the ability to interpret complex data and make data-driven decisions.
  • Excellent communication and interpersonal skills, with the ability to present findings and recommendations to senior leadership.
  • Detail-oriented with strong organizational and project management abilities.
  • Ability to work independently and manage multiple projects in a remote work environment.

Preferred Attributes:

• Experience working in a remote or virtual environment.
• Knowledge of global compensation practices and international regulations.
• Experience with compensation management systems and HRIS.

Working Conditions:

• This remote position allows flexibility to work from any location with a reliable internet connection.
• Occasional travel may be required for team meetings or professional development opportunities.
• The role requires strong self-motivation and working independently while maintaining effective communication with team members and stakeholders.

Application Process:

Interested candidates should submit a resume and cover letter outlining their relevant experience and qualifications. We value diversity and encourage individuals from all backgrounds to apply.