Compensation Consultant

Job Brief

This job description template for Compensation Consultants can be used to post your open positions and hire HR professionals.

Job Description

• ● Work closely with HR to plan and implement compensation packages
• ● Ensure compensation practices are in line with labor legislation
• ● Create fair salary and bonus plans using job evaluations
• ● Review and assess pay scales, base pay and incentives
• ● Set wages for new positions within the organization
• ● Analyze compensation data to identify potential issues (like pay gender gaps) ensure equitability in all levels
• ● Conduct compensation surveys and analyze findings to add value to the company’s strategic plan
• ● Ensure compensation plans align with the company’s profitability goals
• ● Gather benchmarking data and restructure compensation to make sure we remain competitive in terms of salaries and benefits

Job Requirements

• ● Proven experience as a Compensation Specialist or a relevant role
• ● Strong knowledge of HR practices and labor legislation
• ● Familiarity with payroll software
• ● Excellent analytical and qualitative skills
• ● Good communication skills
• ● BSc degree in Human Resources Management, Finance or relevant background