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Paychex · 1 day ago

Principal Compensation Consultant

Cincinnati, OH

Contract

Onsite

Lead/Staff

$105K/yr - $155K/yr

8+ years exp

Paychex is a leader in simplifying HR, payroll, and benefits for American businesses. As a Principal Compensation Consultant, you will design and optimize the compensation strategy to attract and retain top talent while ensuring compliance and driving innovative compensation solutions.

AccountingBookkeeping and PayrollFinancial ServicesHuman ResourcesSoftware

Responsibilities

Strategically manage and optimize vendor partnerships to elevate the compensation function, driving collaboration that enhances value and innovation

Stay ahead of the curve by monitoring and interpreting federal, state, and local regulations impacting compensation and benefits; proactively recommend and implement plan adjustments to ensure full compliance and mitigate risk

Spearhead participation in key benchmark surveys to analyze market trends, leveraging insights to craft and champion best-in-class compensation strategies that keep Paychex competitive and agile

Own the tracking and analysis of compensation costs; deliver insightful cost-benefit analyses, ROI assessments, and financial forecasts that inform strategic decision-making

Define and execute advanced data analytics to evaluate program effectiveness, participation rates, and employee experience, translating complex data into clear, actionable plans and programs

Drive continuous improvement by evaluating administrative workflows across compensation programs, recommending and implementing process enhancements that boost efficiency and user experience

Resolve complex, escalated issues related to compensation programs with expert judgment and a solutions-oriented approach

Support delivery of compelling communications that simplify key compensation processes —empowering employees with clear, engaging information

Partner closely with the Finance and Technology teams ensuring fiscal responsibility, data integrity and operational excellence

Drive high-impact ad hoc projects and strategic initiatives, including due diligence and integration efforts for new business acquisitions, contributing to Paychex’s growth and transformation

Qualification

Compensation strategy designCompliance oversightData analyticsVendor managementBenchmarking analysisFinancial forecastingHuman Resources experienceCCP certificationPHR certification

Required

Bachelor's Degree in Human Resources, Business or related discipline - Required

8+ years exempt level experience in Human Resources with an emphasis on compensation and benefit and wellbeing plan design, implementation, and administration. Administration includes managing vendor relations, compliance requirements and employee and leader communications