What are the responsibilities and job description for the Compensation Consultant position at Daley And Associates, LLC?
Compensation Consultant
We are currently seeking candidates for a Compensation Consultant opportunity with a highly successful Investment Management firm located in Boston, MA. The Compensation Consultant will be involved with the annual compensation cycle, administering existing compensation programs, developing and implementing new programs, and communicating compensation initiatives. The ideal candidate will have 6-8 years of compensation experience in investment management, financial services, or related industry.
This is a 6 month contract position, paying between $60-$70/hour (depending on experience). This role supports a hybrid model, consisting of 3 days onsite and 2 days remote per week.
Responsibilities:
We are currently seeking candidates for a Compensation Consultant opportunity with a highly successful Investment Management firm located in Boston, MA. The Compensation Consultant will be involved with the annual compensation cycle, administering existing compensation programs, developing and implementing new programs, and communicating compensation initiatives. The ideal candidate will have 6-8 years of compensation experience in investment management, financial services, or related industry.
This is a 6 month contract position, paying between $60-$70/hour (depending on experience). This role supports a hybrid model, consisting of 3 days onsite and 2 days remote per week.
Responsibilities:
- Provides guidance regarding compensation philosophy, grade level, salary range, current salary, increase amounts, performance appraisal processes, and other related compensation policies and procedures
- Assists with the annual compensation cycle and salary planning process
- Develops and implements compensation programs for departments, divisions, and company use
- Assesses the effectiveness of existing compensation programs and makes recommendations for improvements
- Develops communication materials and updates the intranet to ensure a consistent application of compensation methodologies and strategies
- Participates in the compensation survey process and ensures market competitiveness
- Administers salary programs; reviews changes in salaries, job descriptions, and position levels for conformance to policy
- Performs market pricing, researches internal equity, and makes recommendations based on analysis results
- Assists with drafting and validating RFP responses regarding compensation programs, policies, and pay practices
- Ensures accuracy in job descriptions, conducts job evaluations for new and revised descriptions to determine appropriate job grade, determines FLSA status, and maintains appropriate documentation
- Works with HRIS team to design and develop compensation reports. Participates in creating test plans, performing testing, and documenting results of processes, enhancements, and upgrades to HR systems
- Develops compensation procedures and processes, and ensures policies and procedures are compliant with company standards, state, federal, and local laws regarding compensation practices
- Designs and develops training materials and conducts individual and group training for managers related to compensation philosophy, selecting talent, and the year-end process
- Bachelor’s degree in Accounting, Finance, or related field
- 6-8 years of compensation experience, ideally with in financial services or related industry
- Strong knowledge of base pay, cash, and long-term incentives, sales, and executive compensation programs
- Previous experience utilizing Workday
- Experience conducting complex competitive analyses required
- Advanced Microsoft Excel skills
- Excellent communication (written and verbal) and interpersonal skills
- Highly organized, detail-oriented, and proactive
- Well-versed in FLSA and other relevant laws and regulations in the US and outside the US
- Strong working knowledge of internal job evaluation systems and external market pricing practices
Salary : $60 - $70