Vanguard's Total Rewards has an opening for a Compensation Consultant to join this dynamic team of professionals. In this role, you will independently provide compensation consultation to your assigned divisions to influence pay decisions aligned with Vanguard's pay for performance philosophy. You will enable compensation pay strategies, while focusing on core offers including year-end compensation planning, benchmarking, pay analyses and offer development.
Responsibilities - Acts as a lead compensation expert to advise divisional senior management on aligning the pay programs, policies and procedures with organizational goals. Implements creative solutions to specific compensation-related programs.
- Ensures the effectiveness of existing compensation practices and regulations compliance, recommending timely revisions when needed, and keeping senior managers informed of any updated policies.
- Oversees the data within the HRIS to ensure the accuracy of compensation information including merit and incentive calculations, approvals for award payments, and payment records.
- Manages job evaluations, salary surveys, and all analytical reporting to prepare recommendations and determine pay strategies and implementation based on findings. Owns market competitive benchmarking for defined business area and its application to compensation practices and strategies.
- Coaches and contributes to the development of compensation analysts and consultants.
- Participates in special projects and performs other duties as assigned.
The ideal candidate will possess the following experience and skills: - Six years of related experience is preferred with demonstrated experience in a consultative capacity.
- Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.
- Advanced analytics excel capabilities is a must.
- Ability to summarize complex concepts with clear and succinct writing and/or data visualization.
- Adaptability to navigate ambiguous problems and drive toward recommended solutions in a collaborative environment.
- Strong stakeholder management and frequent collaboration to execute flawlessly.
- Progress toward CCP preferred.
Qualifications - Minimum 8 years of total experience, including at least 5 years in compensation management and analysis.
- Bachelor's degree (B.Com/ BBA/B.E./B.Tech) in relevant fields such as Human Resources, Business Administration, or equivalent; a Master's degree or diploma in HR. or professional certification (e.g., CCP) is preferred.
- Strong expertise in compensation design, job evaluation, benchmarking, pay structure management, and HRIS data analysis with proficiency in analytical tools and stakeholder communication.
Special Factors Sponsorship Vanguard is not offering visa sponsorship for this position.
About Vanguard At Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
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