Compensation Consultant (Finance)
Join TK Elevator as a Compensation Consultant in Atlanta, GA, and play a key role in shaping competitive compensation strategies!EDUCATION & EXPERIENCE:
- Bachelor's degree, preferably in Human Resources or Finance
- 5+ years' experience in compensation analysis and administration
- Expert user of Excel: able to analyze large datasets using advanced formulas, pivot tables, and charts; summarize results; and translate into clear action items
- Advanced user of PowerPoint
- Subject matter expert on compensation principles and best practices
- Ability to communicate concisely and effectively, with the utmost tact and discretion
- Proven ability to work and create effective partnerships with executives and business leaders across multiple functions and teams
- Must be able to handle highly sensitive data with the greatest degree of confidentiality
- Keen attention to detail
PREFERRED QUALIFICATIONS:
- CCP
- PHR / SPHR
- MBA
- Experience with SFEC / SAP
- Experience using Mercer and/or Culpepper compensation modules
- Experience modeling incentive plans
- Experience with ERP implementations
- Experience with Sales Compensation
TK Elevator is currently seeking an experienced Compensation Consultant located in Atlanta, GA.
The Compensation Consultant ill oversee the design, analysis, and administration of TK Elevator's compensation programs and HR reporting, including highly complex incentive plan design, modeling, and payment calculations; base salary structure design and analysis; job evaluation and market pricing; annual Merit administration; salary survey participation; and HR metric analysis.
The primary objectives will be to ensure the company's compensation practices 1) align with its business goals and strategies; 2) are competitive, equitable, and legally compliant; 3) attract and retain top talent, and 4) motivate employees to achieve the company's short- and long-term goals
ESSENTIAL JOB FUNCTIONS:
- Serve as the Subject matter expert in compensation, particularly to represent the function to the field and serve as a point of contact for HR and business partners.
- Works with stakeholders to own the full lifecycle of all short-term incentive plans: design, analysis, communication, and administration for the field operations group.
- Partner with senior leadership to design ~15-25 incentive plans
- Gain stakeholder buy-in, collaborate with Legal
- Coordinate financial modeling, assess business impact of current plans
- Oversee complex incentive calculations, accruals, and payouts
- Collaborate with Finance to track KPIs and assess effectiveness of incentive plans
- Head the IC Governance Committee and processes
- Ensure new and current jobs are accurately evaluated and graded
- Collaborate with HR partners in the annual performance review and Merit administration
- Provide guidance on increases
- Oversee calculations
- Communicate process and results
- Manage the approval process for off-cycle pay increases and exception requests
- Represent the Compensation department in the ongoing implementation of the SFEC/SAP Compensation Module
- Assist external consultants in the integration of company salary structures and incentive plans
- Participate in user testing
- Review and design formal policies and procedures governing compensation practices
- Oversee and conduct quantitative and qualitative analysis to ensure company's compensation practices align with its philosophy, comply with guidelines, and achieve business objectives
- Oversee survey participation, validating matches and ensuring accurate and timely submissions
- Ensure market competitiveness through annual compensation benchmarking to multiple external surveys; analyze market ratios and advise on equity adjustments
- Oversee and conduct HR metric analysis/reporting for CHRO and Global HQ
- Partner with Global and Local HRIS to ensure effective data capture and reporting functionality
- Research and advise on compensation best practices and governance: pay equity, promotions, merit, salary structures, incentive design, etc.
- Partner with HR to ensure compliance with compensation governance; communicate and enforce policies
- Responsible for the company's JD library: ensure JDs are accurate, relevant, and up to date
Salary range $135,000 to $160,000
