Job Description
Position Summary/ Department Summary:
The Compensation Consultant serves as a strategic partner to various functions, clinical departments, and/or service lines. Primary responsibilities include the development, administration, design, analysis, and implementation of compensation programs across the enterprise. This includes the annual market study, position and career path design, internal equity reviews, complex costing scenarios, and consultation with management and senior leadership.
Key Responsibilities:
- Lead compensation initiatives, including market benchmarking, compensation planning, job design, and the continuous improvement of programs and practices that support talent attraction and retention.
- Advise and educate leaders, HR Business Partners, and Talent Acquisition Partners on compensation philosophy and programs, balancing market competitiveness, internal equity, and organizational objectives.
- Leverage data analytics, market intelligence, and industry trends to identify emerging compensation issues, opportunities, and potential impacts on pay practices.
- Conduct job analyses, market reviews, and pay assessments, developing compensation recommendations supported by cost and budget impact analyses.
- Build trusted partnerships with leaders across assigned business areas to support compensation initiatives and successful outcomes. Develop reports and dashboards that provide actionable insights and inform decision-making.
- Manage complex, sensitive, and high-visibility compensation matters using advanced analysis and strategic, long-term solutions. Serve as a subject matter expert and provide compensation training and education as needed.
- Collaborate with HR and operational leaders on cross-functional projects and enterprise-wide initiatives. Represent Compensation on committees and workgroups as needed.
- Develop and implement consistent compensation policies, procedures, and guidelines. Analyze salary survey data to assess market competitiveness and the effectiveness of current pay practices.
- Partner with HR Business Partners and managers to evaluate new and existing positions. Develop and refine job descriptions to ensure accuracy, consistency, internal equity, and alignment with organizational standards.
- Research market benchmarks and internal job relationships to develop equitable pay grade and compensation recommendations supported by cost analysis. Maintain related documentation and reports.
- Partner with HRIS and Talent Acquisition to ensure consistent compensation practices and participate in audits to support compliance with policies, programs, and regulatory requirements.
Minimum Qualifications
Education:
- Bachelor’s degree or equivalent experience required.
Experience:
- Minimum of 7 years of compensation experience, with experience working in a fast-paced, complex environment required.
- Healthcare compensation work experience preferred.
Numbers & Facts
| Location | Boston, MA |
Skills
- Analysis Skillsunmatched
- Benchmarkingunmatched
- Budgetingunmatched
- Channel Strategiesunmatched
- Compensation Analysisunmatched
- Compensation and Benefitsunmatched
- Competitive Analysis/Strategyunmatched
- Consultingunmatched
- Continuous Improvementunmatched
- Cost Analysisunmatched
- Cross-Functionalunmatched
- Data Analysisunmatched
- Documentationunmatched
- HRIS/HRMSunmatched
- Healthcareunmatched
- Identify Issuesunmatched
- Industry/Trade Analysisunmatched
- Job Analysisunmatched
- Leadershipunmatched
- Market Analysisunmatched
- Market Researchunmatched
- Philosophyunmatched
- Policy Implementationunmatched
- Regulatory Requirementsunmatched
- Reporting Dashboardsunmatched
- Reporting Skillsunmatched
- Training/Teachingunmatched
- Trend Analysisunmatched
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