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

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