Cengage Group · 7 hours ago
Compensation Consultant
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Responsibilities
Assist in the development, implementation and maintenance of competitive compensation programs, practices and policies that support organizational and departmental strategic objectives.
Collaborate with and provide expert compensation consultation to HR Partners and business leaders.
Develop, maintain, and deliver effective communications and training to HR, leaders, and employees to build awareness and understanding of programs.
Assist in creating analysis, presentations and recommendations for the Executive Team, HR Leadership Team, Board Compensation Committee, Total Rewards Committee, and others.
Perform sophisticated analytics to identify trends, problems, root causes and make recommendations to address.
Manage compensation data organization, maintenance, and use, including salary survey research, analysis, and submission.
Maintain job matching database (PayFactors), partner with survey tool vendor and leverage Workday reporting to run and upload data. Work with HR Partners to ensure accuracy of all job matches.
Evaluate and analyze employee compensation and market data, determine FLSA status, compensation level, short or long-term compensation eligibility and make pay recommendations aligned with overall compensation philosophy and competitive market pay.
Develop and coordinate market adjustment, in-line promotion, and annual merit increase programs to include analysis of market data, position-to-market, trends budgets, pay differentials. Build project plans and communications materials to ensure efficient compensation team collaboration and support HR and leaders through these processes.
Assist with annual review and ongoing maintenance of job and salary structure including the creation of job families, job codes and job titles.
Build compensation tools and resources and maintain compensation information in company systems and portals.
Participate in project teams associated with mergers and acquisitions, owning the compensation transition and related employee experience.
Lead the review, implementation, testing and maintenance of systems and technology to support compensation processes. Proactively audit compensation-related data on an ongoing basis.
In partnership with Legal, monitor the legislative landscape and ensure compliance with all compensation related activities.
Qualification
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Required
Bachelor’s degree in business, Finance, Accounting, Human Resources, or a related field
8+ years of compensation experience; global experience required
Demonstrated broad understanding of compensation including base, short-term and long-term incentives.
Collaborative great teammate who builds partnerships with internal and external contacts at all organizational levels in a matrixed environment
Strong organization and project management skills; able to prioritize work in a fast-paced environment
Strong written and verbal communication skills; strong presentation skills
Advanced skills in Microsoft Office products, particularly Excel and PowerPoint
Strong analytical skills and conceptual thinking skills
Digitally savvy and comfortable with technology tools
Highly resourceful, self-motivated problem solver
An adaptive individual who is comfortable with ambiguity
Minimal overnight travel may be required
Preferred
Sales incentive plan design experience.
Experience in equity plan design and administration in private and/or public company.
Knowledge of Workday HCM Advanced Compensation module and PayFactors platform desirable
Company
Cengage Group
Cengage Group is an EdTech company that provides secondary and higher education to learners at an affordable price.
Funding
Current Stage
Late StageTotal Funding
$500M2023-06-02Private Equity· $500M
Recent News
2024-03-05
2023-06-12
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