Compensation Consultant

Versique Executive, Professional & Interim Recruiting; Edina (MN); Hybrid; USD 110,000 - 125,000; Full time

Benefits offered by this job

Medical benefits

401(k) with employer contributions

Professional development

Job summary

Versique Executive, Professional & Interim Recruiting seeks a Senior Compensation Consultant to lead compensation design, administration, and ongoing improvement for a well-established organization. You will leverage market data and internal equity to deliver competitive pay practices supporting talent strategy and business objectives.

You will partner with HR leadership, Finance, and business leaders to develop compensation solutions that attract, retain, and reward top talent, while guiding

Qualifications

• Bachelor's degree in HR, Business, Finance, or related field; equivalent experience considered.
• 5+ years of progressive compensation experience (base pay, incentive, market pricing, job evaluation).
• Experience administering compensation programs within Workday, including Workday Advanced Compensation.
• Strong analytical skills to interpret data, develop recommendations, and present to leaders.
• Experience managing large-scale annual compensation processes and cross-functional partnerships.

Responsibilities

• Lead design, administration, and continuous improvement of compensation philosophy, salary structures, and related programs to support market competitiveness and internal equity.
• Partner with HRBPs and leaders to evaluate positions, conduct market benchmarking, and provide compensation guidance.
• Lead annual market reviews, salary surveys, and structure recommendations.
• Oversee internal equity analyses, identify concerns, and educate leaders on equitable pay practices.
• Administer incentive programs (short- and long-term) including design, modeling, and governance.
• Lead annual merit review cycle from planning to payroll coordination.
• Support executive compensation programs with analyses and recommendations.
• Configure and improve compensation processes, reporting, and controls in Workday Advanced Compensation.
• Collaborate with HR leadership and Finance on budget planning, cost projections, and incentive forecasting.
• Prepare compensation analyses, dashboards, and executive-ready presentations.

Skills

Workday Advanced Compensation

Advanced Excel

Analytical skills

Executive communication

Project management

Stakeholder management

Cross-functional collaboration

Education

Bachelor's degree

Tools

Workday

Excel

Job description

Position Overview

The Senior Compensation Consultant will lead the design, administration, and continuous improvement of compensation programs for a well-established, employee-focused organization. This role leverages market data, internal equity analysis, and business insights to deliver competitive, equitable, and sustainable pay practices that support talent strategy and long-term business objectives. The position partners closely with HR leadership, Finance, and business leaders to develop compensation solutions that attract, retain, and reward top talent.

Position Overview

The Senior Compensation Consultant will lead the design, administration, and continuous improvement of compensation programs for a well-established, employee-focused organization. This role leverages market data, internal equity analysis, and business insights to deliver competitive, equitable, and sustainable pay practices that support talent strategy and long-term business objectives. The position partners closely with HR leadership, Finance, and business leaders to develop compensation solutions that attract, retain, and reward top talent.

Worksite Location

Hybrid opportunity in the Twin Cities metro area.

• NOT open to relocation - must be local to the Twin Cities, MN area to be considered.

Salary

$110,000 – $125,000

Benefits

Comprehensive benefits package including medical, dental, vision, 401(k) with employer contributions, paid time off, disability coverage, wellness programs, and professional development opportunities.

Roles & Responsibilities

• Lead the design, administration, and continuous improvement of the organization's compensation philosophy, salary structures, job architecture, and related programs to support market competitiveness and internal equity
• Partner with HR Business Partners and business leaders to evaluate new and existing positions, conduct market benchmarking, recommend job levels and pay grades, and provide compensation guidance
• Lead the annual market review process, including salary survey participation, market analysis, competitive positioning assessments, and salary structure recommendations
• Develop and oversee a consistent approach to internal equity analysis, identify areas of concern, recommend corrective actions, and educate leaders on equitable pay practices
• Administer companywide incentive compensation programs, including short-term and long-term incentive plans, supporting program design, modeling, communication, and governance
• Lead the annual merit review cycle from planning through execution, including system configuration, communications, training, approvals, data validation, employee communications, and payroll coordination
• Partner with senior HR leadership to support executive compensation programs, including base salary, incentive compensation, and related analyses and recommendations
• Configure, maintain, and continuously improve compensation-related processes, reporting, and controls within Workday Advanced Compensation
• Collaborate with HR leadership and Finance on annual budget planning, workforce cost projections, salary increase modeling, and incentive forecasting
• Prepare compensation analyses, dashboards, models, and executive-ready presentations that translate complex data into actionable recommendations
• Maintain compensation policies, procedures, documentation, and employee-facing communications, including Total Rewards communications and statements
• Monitor compensation-related laws and regulations and support compliance efforts, audits, and implementation of regulatory changes
• Build trusted relationships across the organization and provide practical, consultative compensation expertise to leaders and stakeholders

Required Skills & Experience

• Bachelor's degree in Human Resources, Business, Finance, or a related field; equivalent relevant experience may be considered
• 5+ years of progressive compensation experience, including base pay, incentive compensation, market pricing, and job evaluation
• Experience administering compensation programs within Workday, including Workday Advanced Compensation
• Strong analytical skills with the ability to interpret complex data, develop recommendations, and communicate findings to business leaders and executives
• Experience managing large-scale annual compensation processes and partnering cross-functionally with HR, Finance, Payroll, and business leaders
• High attention to detail, accuracy, confidentiality, and follow-through
• Ability to balance analytical rigor with a consultative and approachable style
• Strong written, verbal, presentation, and executive communication skills
• Proven ability to influence without direct authority and build credibility with a broad range of stakeholders
• Strong project management, prioritization, organizational, and time management skills
• Collaborative, responsive, and solutions-oriented mindset with a strong customer focus
• Advanced Microsoft Excel skills and proficiency in Microsoft Word, PowerPoint, Outlook, and Teams
• Experience creating and interpreting compensation models, dashboards, reports, and data visualizations

Preferred Skills & Experience

• Certified Compensation Professional (CCP) designation
• Experience supporting executive compensation and long-term incentive programs
• Experience with compensation survey platforms, job architecture, pay equity analysis, and compensation analytics
• Experience working in multi-state organizations

About Versique

Versique:

/ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions.

Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections.

We believe people are more than just resumes—they are transformative, unlocking the potential for organizational growth and success.

Versique is proud to be award-winning, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal.

Let’s find your people, together.

Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status