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Sr Consultant, Compensation
Sr Consultant, Compensation-September 2024
Hartford
Sep 21, 2024
About Sr Consultant, Compensation

  Who Are We?

  Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

  Job Category

  Human Resources

  Compensation Overview

  The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

  Salary Range

  $79,200.00 - $130,700.00

  Target Openings

  1

  What Is the Opportunity?

  As a Sr Consultant, Compensation, you will provide compensation consultation on the implementation of Travelers' compensation philosophy and practices to ensure both internal and external competitiveness. You will serve as a collaborative consultant to provide support for Human Resources Business Partners (HRBPs), business partners, and other HR functional experts on compensation related issues in support of HR's mission to deliver a market-leading employee experience that drives superior business performance.

  What Will You Do?

  Act as a collaborative compensation consultant for HRBPs and business partners in assigned customer groups, leveraging developing knowledge of supported functions including business operations, strategy, key roles and career paths, and market pay practices.

  Ensure business compensation practices align with enterprise compensation philosophy, compensation best practices, and are competitive in the external market.

  Create ad-hoc analysis and reporting to address business issues and make recommendations for action based on insights. Develop and consult on offers and job content design (job evaluation, leveling, pricing, benchmarking, descriptions, etc.).

  In support of the Travelers’ annual compensation cycle, participate in survey submission and benchmarking, labor market analysis, management reporting, ad hoc review/analysis, salary budgeting, etc.

  Help to manage the annual compensation planning process for base, bonus, and equity. Analyze compensation planning data, identify trends, and make appropriate recommendations.

  Participate in compensation team initiatives and projects.

  Partner with other HR functional areas (Talent Acquisition, Employee Relations, Legal, People Analytics, Talent Management, etc.) to ensure compensation practices align with broader strategies and initiatives.

  Perform other duties as assigned.

  What Will Our Ideal Candidate Have?

  Bachelor's degree or equivalent, with course work in business administration and/or human resources.

  4 years of Compensation/Human Resources experience preferred, with experience and knowledge of market analysis, pay structures, compensation compliance laws/requirements and variable compensation and equity plans.

  Analytical, problem solving, influencing, communication and project management skills.

  Ability to proactively identify issues, analyze data, and make recommendations.

  Strong customer orientation.

  Ability to balance timeliness and accuracy.

  Highly ethical and can maintain confidentiality.

  Excel, Word, Power Point, and related software skills.

  What is a Must Have?

  2 years of experience working in compensation, human resources, or analytical field such as finance or accounting.What Is in It for You?

  Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.

  Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.

  Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.

  Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.

  Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

  Employment Practices

  Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.

  If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email ([email protected]) so we may assist you.

  Travelers reserves the right to fill this position at a level above or below the level included in this posting.

  To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .

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