Necessary skills for Compensation Consultant: skills and requirements
General requirements of a Compensation Consultant
• Bachelor's degree in finance, accounting, or business administration
• 3+ years of experience in compensation consulting or related field
• Advanced knowledge of compensation principles and practices, including salary surveys, job evaluation, and wage and salary administration
• Demonstrated ability to interpret and apply labor laws, regulations, and collective bargaining agreements
• Excellent written, verbal, and interpersonal communication skills
Skills and Behaviours for a Compensation Consultant
Compensation & Benefits Management
Compensation & Benefits management
Employee Pension
Employee Rewards
Incentives
Financial accounting
Financial Reporting
HR Systems
HR technology
Oracle HCM
SAP SuccessFactors
Knowledge of regulatory frameworks
Regulations
Statutory Requirements
Payroll Management
Payroll
Payroll Administration
Payroll Processing
Performance Management
Performance Appraisals
Performance Management
Policy & Compliance Management
Company Policies
Compliance Management
Legal Compliance
Policy Control
Analytical thinking
Gathering information and data
Identifying cause and effect relationships
Communicating information
Asking the right questions
Influencing and persuading others
Synthesizing information