Sr. Consultant, Compensation

OhioX; Columbus (OH); Hybrid; USD 138,000 - 206,000; Full time

Benefits offered by this job

Medical/dental/vision

401(k) with company match

Pension plan

Paid time off

Job summary

Nationwide is seeking a Senior Consultant in Compensation in Columbus, OH to lead compensation consulting for a large business segment. You will partner with HR partners and leaders to design and execute compensation, variable rewards programs and initiatives for executives and associates.

You will own the compensation design, development and execution, ensure market data alignment, advise on offers, and stay current on legislation, while driving results in a fast-paced environment.

Qualifications

• Ten years of progressively more responsible human resource management responsibility.
• Deep experience in one or more HR technical/specialty areas, including six years in a compensation-related field.
• Certified Compensation Professional (CCP) designation preferred.

Responsibilities

• Develops, implements and manages compensation philosophy and programs for associates and executives.
• Builds trusted advisor relationships with HR and leaders to influence compensation outcomes.
• Directs annual compensation planning process including merit and incentive design.
• Leads development and administration of salary surveys and external wage data.
• Communicates compensation programs and education to HR and leaders.

Skills

Compensation design

HR analytics

Salary surveys

Data analytics

Education

Bachelor's degree in HR or related field

Job description

If you’re passionate about becoming a Nationwide associate and believe you have the potential to be something great, let’s talk. At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

The Sr. Consultant, Compensation will support Property and Casualty (P&C) as well as Nationwide Financial (NF) lines of business.

The preferred candidate will be:

• Versatile, relationship-oriented professionals with expansive technical skills and understanding of evolving market conditions
• Committed to providing actionable guidance to help HR and business partners make informed pay decisions and achieve success.
• Delivers data driven recommendations while balancing consistency across Nationwide.

This will be a hybrid work schedule.

Job Description Summary

Do you thrive where you can build a strong corporate culture, develop and lead strategic initiatives, lead an HR team, and support associates developing to their fullest potential? At Nationwide, our Corporate Compensation team understands the business and collaborates with our Human Resources partners and leaders to help the business grow.

As Senior Consultant in Compensation, you will lead compensation consulting for a large business segment of the company. As a critical partner to Human Resources (HR) business partners and business leadership, you'll own the design, development and execution of all compensation, variable rewards programs and initiatives for executives and associates, ensuring alignment with the mission, values and business strategy. If you have a proven background in compensation and a passion for collaboration, analysis, leading, and producing results in an effective and efficient manner and are able to display confidence, accountability, and resilience in a high pace environment, this job is for you!

Key Responsibilities:

• Develops, implements and manages compensation philosophy and programs for associates and executives.
• Builds and maintains a trusted advisor relationship with HR and leaders to influence and impact compensation outcomes. Counsels on pay decisions, incentive plans, compensation practices and interpretation of policies and guidelines. Directs the annual compensation planning process which includes merit process, review and design of incentive plans.
• Champions an innovative and agile approach to work. Guides the decision-making process and outcomes by providing detailed analysis/models, creative/innovative recommendations, and advice to leaders and HR partners.
• Ensures that jobs are appropriately valued based on external market data and internal equity. Leads the development and administration of a compensation salary survey database of external wage rates and programs and may participate in salary survey group meetings as needed.
• Develops, delivers and implements compensation-related communications and initiatives to drive continued education and transparency for all facets of compensation for both HR and business leaders.
• Collaborates with Recruiting to support and guide leaders on compensation-related activities including strategic new hire offers, promotions, etc. Recommends offer components including base, short- and long-term incentives, and replacement compensation.
• Elevates the proficiencies of the organization by staying current and sharing knowledge on key trends, as well as networking with compensation professionals in other companies and professional organizations to stay abreast on effective practices and emerging issues.
• Stays up-to-date on current legislation to support compliance with applicable employment-related federal and state statutory requirements regarding employee pay. Presents and discusses these findings with the team and partners.
• Leads sophisticated projects with potential for significant and long-term impact. Authorizes, prioritizes and leads projects across departments and business units. Represents the company on task forces, committees and project assignments.
• May serve as a member of the Compensation leadership team, providing input to strategy development and planning, and implementing the overall strategy.
• May hire and develop talent, provide consistent mentoring and feedback.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Associate Vice President; may lead a team of up to three compensation professionals; may also manage others in matrix reporting relationship.

Typical Skills and Experiences:

Education: Undergraduate studies in areas such as business administration, human resources and psychology or graduate level studies in business or industrial psychology.

License/Certification/Designation: Certified Compensation Professional (CCP) designation preferred.

Experience: Ten years of progressively more responsible human resource management responsibility. Must have deep experience in one or more HR technical/specialty areas, including six years in a compensation-related field.

Knowledge, Abilities and Skills: Sophisticated analytical skills with experience in compensation analysis, crafting and implementing variable compensation programs, completing job evaluations at all levels, administration of market survey and compensation administration, and program impact related to short-term and long-term business results. Uses appropriate methods to solve difficult problems with effective solutions, probes all available sources for answers, can see hidden problems and looks beyond the obvious for viable solutions.

Consultative and collaboration skills to persuade all levels of leaders, including senior executive officers. Strong communication skills, including demonstrated facilitation skills. Strong eye for business to proactively assess organizational issues and trends that translate to potential impacts on business.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Values:

Overtime Eligibility: Not Eligible (Exempt).

Working Conditions: Normal office environment. Occasional travel. Non-standard or extended work may be required based on project needs.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Benefits

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.The national salary range for Sr Consultant, Compensation : $138,000.00-$243,000.00The expected starting salary range for Sr Consultant, Compensation : $138,000.00 - $206,000.00