Compensation Advisor

Primary Purpose:

Advises on design, implementation, and the administration of compensation programs, practices and policies. Ensures alignment with the compensation philosophy and Human Resources strategy. Provides guidance, analysis, research, and solutions covering a wide range of compensation areas including pay band structure, base pay administration, short-term incentive and recognition pay administration, job profile development, and off-cycle reviews. Partners with Human Resources Advisors and Staffing Advisors regarding the administration and management of compensation programs.

Duties and Responsibilities:

• Provides consulting to internal business clients and Human Resources. Consults and advises Human Resources regarding compensation policy interpretation, offers, and market analysis evaluation. Conducts research and provides analysis and recommendations for base pay (e.g., promotions and off-cycle pay reviews), special recognition, and other awards.
• Supports major compensation initiatives.
• Conducts comprehensive and often complex analyses of current compensation program components, and recommends changes based on strategic direction of company.
• Provides compensation analysis related to labor negotiations.
• Works with Corporate Compensation and business unit Compensation regarding compensation issues to ensure internal equity.
• Provides overall compensation consulting services for leadership and HR.
• Participates in salary surveys, collects data and analyzes results to monitor our market competitiveness in support of talent acquisition and retention of employees to aid in making informed pay decisions.
• Makes recommendations and provides guidance regarding policies and procedures to ensure equitable and competitive pay delivery to employees.
• Reviews and audits compensation policies and programs.
• Conducts and coordinates compensation training programs to provide management with tools to make informed pay decisions.
• Provides guidance in position reviews to ensure appropriate level salary recommendations, including internal equity considerations. Provides total compensation analysis for key positions to attract, retain, and stay competitive in the market.
• Evaluates FLSA exemption status to minimize wage and hour issues and company liability. Supports clients in developing job descriptions used in talent acquisition/retention, employee development, succession planning, and performance management.
• Performs other duties as assigned (no more than 5% of duties).

Incentive Compensation Planning:

• Provides consulting to business units in the design, implementation, and audit of new incentive plans.
• As part of the compensation team, assists with the communication and delivery of incentive pay, including quarterly updates on incentive plan goals (e.g., operational, financial).
• Provides support for HR clients through the incentive pay process.
• Develops process for gathering employee data used to calculate payments.
• Reviews overall incentive pay budgets; conducts analysis of awards.

Salary Planning Program:

• Provides consulting to business units in the design, implementation, and audit of salary planning administration.
• Provides support for HR clients through the Salary Planning processes.
• As part of the compensation team, assists with the communication materials for salary planning.
• Ensures integrity of data used in determining salary increases.
• Provides input to other HR organizations to ensure system capabilities are in place.