3 Compensation Consultant Jobs in Worcester, MA
The Hanover Insurance Group is Hiring a Compensation Consultant Near Worcester, MA
Our Human Resources department is currently seeking a Compensation Consultant. This role will work a hybrid schedule out of our Worcester, MA office. Remote candidates will be considered. Position Overview/Summary: The Compensation Consultant collaborates with the HR team and business partners to design and implement competitive compensation plans. Regularly consult with business areas to support job architecture reviews and provide support on compensation related initiatives. Lead and/or support annual compensation programs. Play a critical role in ensuring fair pay practices, analyzing data, and adhering to labor legislation.
Responsibilities/Essential Functions:
- Conduct job evaluations utilizing external market data and internal factors to make appropriate salary grade assignment and competitive pay decisions
- Complete market analysis to ensure competitive pay positioning
- Participate in salary surveys and synthesize results identifying key observations and market insights to be presented to management
- Support administration and communication of compensation programs including the annual and off-cycle compensation processes and open enrollment
- Analyze and interpret data showcasing areas of opportunity
- Work with business partners in HR to support day-to-day compensation questions
- Conduct and compile information on competitive compensation programs and practices
- Maintain updates in Hanover’s compensation management systems and train internal users on the tool
- Gather information required for pay equity analysis efforts
- Maintain documentation on job evaluations and market analysis work
- Seek input from key stakeholders on compensation programs and practices
- Lead small-to-medium sized compensation projects, including research and analysis
- Partner with the HR Technology team to design and deliver compensation tools and technologies
- Provide innovative solutions aimed at creating greater efficiencies and improved outcomes
- Develop and analyze key measures of compensation program effectiveness
- Analyze impact of regulatory or compliance changes to existing programs
- Bachelor’s Degree preferred
- 5 years of compensation related experience
- Background in total reward and/or human resources business partner role a plus
- Strong knowledge of HR practices and labor legislation
- Strong analytical skills, attention to detail, and demonstrated ability to maintain a high degree of accuracy
- Ability to capture, assess and articulate data findings
- Ability to recommend, document and implement process improvements
- Ability to collaborate with others, manage moderately complex projects and deliver high quality analysis
- Ability to manage multiple projects at once
- Experience with compensation survey management tools a plus
- Proficient with Microsoft Office Suite with advanced knowledge of Excel
BENEFITS: We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.
Benefits include:
- Medical, dental, vision, life, and disability insurance
- 401K with a company match
- Tuition reimbursement
- PTO
- Company paid holidays
- Flexible work arrangements
- Cultural Awareness Day in support of IDE
- On-site medical/wellness center (Worcester only)
- Click here for the full list of Benefits
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.”
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.
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Job Summary
Full Time
Insurance
$66k-81k (estimate)
07/11/2024
08/08/2024
hanover.com
WORCESTER, MA
3,000 - 7,500
1852
FREDERICK EPPINGER
$3B - $5B
Insurance
Related Companies
The job skills required for Compensation Consultant include Analysis, Job Evaluation, Initiative, Microsoft Office, Attention to Detail, Analytical Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Compensation Consultant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compensation Consultant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Compensation Consultant positions, which can be used as a reference in future career path planning. As a Compensation Consultant, it can be promoted into senior positions as a Stock Plan Administrator III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Consultant. You can explore the career advancement for a Compensation Consultant below and select your interested title to get hiring information.
If you are interested in becoming a Compensation Consultant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Compensation Consultant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Compensation Consultant job description and responsibilities
Ensure compensation practices are in line with labor legislation.
03/08/2022: Longview, TX
Work closely with HR to plan and implement compensation packages.
04/06/2022: Brockton, MA
Their duties include creating salary structures and incentive plans, implementing performance management programs, and consulting with HR managers on compensation-related issues.
03/22/2022: Paramus, NJ
Compensation consultants implement and design compensation plans for companies with the goal of creating proper incentives for employees.
04/25/2022: Rochester, NY
Ultimately, a top-notch compensation consultant should have excellent knowledge of payroll procedures, labor legislation, and pay rate research.
03/30/2022: Nashua, NH
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Compensation Consultant jobs
Good communication skills.
03/27/2022: Atlanta, GA
Familiarity with payroll software.
04/29/2022: Las Cruces, NM
Review and assess pay scales, base pay and incentives.
03/01/2022: Lexington, KY
knowledge of payroll procedures.
03/05/2022: Concord, NH
recommending bonus programs based on job analyses.
04/01/2022: Cheyenne, WY
Step 3: View the best colleges and universities for Compensation Consultant.
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