Compensation Consultant II/Senior
Navy Federal Credit UnionAbout the role
Senior
To develop, administer and support Navy Federal's Compensation Program ensuring its ability to attract, retain and motivate qualified employees. Program components include but not limited to: merit and performance management; salary structure, differentials and equity; incentive pay; and job documentation, analysis and evaluation. Serve as business partner to Navy Federal leadership regarding compensation issues such as pay equity, job development and organizational structure to support the achievement of business goals and objectives. Drive creative thinking and provide in-depth insight during project planning, analysis, facilitation and execution of compensation initiatives. Works independently. Lead the most complex/unusual tasks with considerable latitude and impact.
Level II
To develop, administer and support Navy Federal's Compensation Program ensuring its ability to attract, retain and motivate qualified employees. Program components include but not limited to: merit and performance management; salary structure, differentials, and equity; incentive pay; and job documentation, analysis, and evaluation. Serve as business partner to Navy Federal leadership regarding compensation issues such as pay equity, job development and organizational structure to support the achievement of business goals and objectives. Drive creative thinking and provide in-depth insight during project planning, analysis, facilitation and execution of compensation initiatives and human resource initiatives. Serve as an extension of the Compensation Leadership team. Works independently.
Senior
- Develop, cultivate and maintain relationships with business unit leadership in support of Navy Federal's Compensation Program
- Lead the business planning process (annual/quarterly) with clients to establish compensation and business priorities
- Provide proactive guidance and consult with business unit leadership on organizational structure and/or reorganizations
- Lead job and salary analyses, market pricing and recommend salaries/grade level assignments for new/existing employees according to Navy Federal Compensation methodology
- Design and document jobs through the collection and analysis of information about job responsibilities and requirements
- Design and conduct training on programs for employees and management
- Design and develop programs and practices; make strategic recommendations
- Develop and recommend enhancements to improve operational processes and procedures
- Develop, modify and execute Navy Federal policies, standards and processes
- Identify and address compliance issues; update guidelines and procedures to minimize risk
- Lead, guide and mentor less experienced staff
- Manage projects of varied scope
- Prepare summaries, analyses, reports, charts, graphs, instructions, memoranda and manuals/reference materials for benchmarking purposes or for inclusion in required and ad hoc reports
- Research and respond to internal/external audit requests/projects
- Research, gather and synthesize data; present conclusions and recommendations to management and/or team members
- Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations and guidelines
- Perform other duties as assigned
Level II
- Serve as a leader in establishing strategic direction for compensation programs within one business unit and partner with Human Resource Business Partner (HR BP) to communication compensation programs
- Develop, cultivate, and maintain relationships with business unit leadership in support of Navy Federal's Compensation Program
- Lead the business planning process (annual/quarterly) with clients to establish compensation and business priorities
- Provide proactive guidance and consult with business unit leadership on organizational structure and/or reorganizations
- Lead job and salary analyses, market pricing and recommend salaries/grade level assignments for new/existing employees according to Navy Federal Compensation methodology
- Conduct job reviews and evaluations while guiding client groups in the development of new jobs and job families
- Lead the design and conduct training on programs for employees and management
- Develop and recommend enhancements to improve operational processes and procedures
- Develop, modify, and execute Navy Federal policies, standards, and processes
- Identify and address compliance issues; update guidelines and procedures to minimize risk
- Direct and assign the business unit work to the Compensati
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