[Hiring] Compensation Consultant @Insperity

This position is responsible for partnering with prospective and existing clients’ executive leadership teams to educate, explore and evaluate compensation programs and practices and their application to a specific client’s business. This position consults and collaborates with a client’s executive leadership on the development or revision of the company’s compensation strategy and initiatives in support of their business goals and objectives. Support for clients’ compensation strategies and initiatives include, but are not limited to: evaluation of existing pay programs; identification of client’s key business goals; objectives and performance indicators; development of compensation philosophy and alignment with compensation strategy; development of performance, reward and incentive systems; design of commission and sales incentive plans; design of bonus programs, including spot, sign-on, referral and retention bonus programs; development of compensation philosophy statements; support with allocating and implementing merit pay program; conducting pay equity analyses.

ESSENTIAL FUNCTIONS

• Provides in-depth, comprehensive strategic support and consultative services to Insperity clients, prospects, and Insperity client service providers on compensation strategies, plans and programs pertaining to base and variable pay. Gains a detailed understanding of each client’s unique business goals, objectives, constraints, and outcomes related to historical compensation practices, leveraging this in-depth understanding to be able to provide expert compensation guidance, education and support for clients’ leadership in concert with detailed research and immersive consultation with clients’ leadership, develops recommendations on appropriate compensation strategies that support each client’s goals, objective and compensation philosophy.
• Consults with multiple clients at any given time, which requires the ability to fully immerse with several unique clients each day, gaining full understanding of their business, goals, objectives, constraints and outcomes to develop applicable pay programs tailored to each specific client’s needs. Each client engagement requires starting with a blank slate, conducting comprehensive research on the client’s business and background, and establishing a trusting, collaborative and consultative partnership to support the client. This process may be repeated many times each day with each new client request. Consultants may have work in progress with dozens of unique clients at any point in time.
• Serves as the expert resource for clients in the development of any of an array of compensation programs, including, but not limited to: evaluation of existing pay programs; identification of client’s key business goals; objectives and performance indicators; development of compensation philosophy and alignment with compensation strategy; development of performance, reward and incentive systems; design of commission and sales incentive plans; design of bonus programs, including spot, sign-on, referral and retention bonus programs; development of compensation philosophy statements; support with allocating and implementing merit pay program; conducting pay equity analyses.
• Stays current with all relevant compensation and total rewards trends, news and research and applies such knowledge by advising clients on current trends and best practices and how to incorporate this information into their pay programs and decisions.
• Conducts extensive research on each client company, industry, and specific compensation request to provide holistic guidance to each client and develop compensation solutions that meets their business needs.
• Works both independently and as a collaborative compensation services team member to create and develop tailored or customized compensation services to meet the needs of clients and prospects.
• Develops internal resources (i.e., tools, templates, techniques) to enable Insperity client service
• providers to support clients in addressing compensation issues as needed.
• Prepares instructional materials, resources and tools and presents educational sessions to field service partners and clients on compensation service trends, offerings and issues.
• Prepares and conducts detailed client-information gathering functions, data analysis and report preparation. This may involve the research and collection of data from several systems, including Insperity’s CRM, historical client information from payroll and HR service providers and other internal HR providers such as EEO or the DEI Services team. Data analysis and report preparation is specific to each compensation program offering, but may entail areas such as pay equity analyses processes, incorporating market analyses research, etc.
• Maintains knowledge of applicable federal, state and local compensation laws and regulations, with focused attention on pay transparency and pay equity legislation to prepare for pay equity analyses support.
• Partners with other Insperity departments (HR COE, Marketing, Legal, etc.) on projects as needed.
• Provides support and guidance to Compensation Services team members as requested.

OTHER RESPONSIBILITIES

• Assists in the accomplishment of Insperity Company goals.
• Helps other employees to accomplish Insperity Company goals.
• Performs other duties as may be assigned by department supervisor.
• Participates in the Disaster Recovery plan as required.

EDUCATION / EXPERIENCE REQUIREMENTS

• Bachelor’s Degree in Business Administration or a related field is required. Master’s Degree with concentration in business is preferred.
• Five or more years of experience in the compensation field is required.

LICENSES / CERTIFICATIONS

Certified Compensation Professional (CCP) in progress.

KNOWLEDGE / SKILLS

• Strong client consulting and communication skills.
• Ability to effectively multi-task and handle multiple client engagements at any given time.
• Proficient use of Microsoft Office spreadsheet, word processing, and presentation software. Effective utilization of internet software, e-mail, printers, FAX and copiers.
• Advanced use of statistical software (e.g., SPSS) modules to perform diagnostic applications (i.e., regression analysis, discriminant analysis, etc.).
• Ability to perform computational functions intrinsic to the compensation field.
• Excellent organization, project tracking, and priority-based time management.
• Communicates tactfully and effectively, verbally and in writing, with an ability to express complex technical concepts in business terms and maintains effective work relations with those encountered in the course of employment.
• High attention to detail, accuracy, and customer service.
• Advanced knowledge of general business principles, practices, and procedures that include human resources and legal aspects of employment and hiring.

Insperity provides a reasonable range of minimum compensation. Actual compensation is influenced by a wide array of factors including but not limited to skill set, level of experience, and specific office location. The range of pay for this role is $75,100 to $108,500.