Sr. Consultant, Compensation

Nationwide Mutual Insurance Company; Columbus (OH); Hybrid; USD 138,000 - 243,000; Full time

Benefits offered by this job

Medical insurance

Pension plan

Paid time off 18 days + 9 holidays

401(k) with company match

Life insurance

Disability coverage

Casual attire

Job summary

Nationwide Mutual Insurance Company is seeking a Senior Consultant, Compensation to lead compensation strategy across major business segments. You will own design, development and execution of executive and associate compensation programs, ensuring alignment with business goals and market benchmarks.

You will collaborate with HR and leaders to guide pay decisions, manage annual planning, and deliver insightful analyses to drive stable, fair and competitive rewards.

Qualifications

• Ten years of HR management responsibility with deep compensation experience.
• Experience consulting on compensation for executives and associates.
• Ability to build and present data-driven recommendations to HR and leaders.

Responsibilities

• Lead compensation design, development and execution for executives and associates.
• Own annual compensation planning, merit process and incentive design.
• Partner with HR and business leaders to ensure market competitiveness and internal equity.
• Deliver sophisticated analysis/models to guide decision-making and proposals.

Skills

Compensation analysis

Data-driven decisions

Stakeholder management

Advanced analytics

Education

Business/HR/ Psychology

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. #LI-CP1

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!

Job Description 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.

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

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.

Values:

Regularly and consistently demonstrates the Nationwide 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

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 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.

At Nationwide, we find purpose in protecting people, businesses and futures with extraordinary care – and we’ve been doing that since 1926. Our financial strength and caring culture extend beyond our associates into the communities we serve. You really can feel the difference at Nationwide, which is why we continue to be named one of the Fortune 100 Best Companies To Work For. Check out why others think we're a great place to work, too, and let us know – can you see yourself at Nationwide?

NOTE TO EMPLOYMENT AGENCIES: We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means. 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-$243,000.00 The expected starting salary range for Sr Consultant, Compensation : $138,000.00 - $206,000.00