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Whether you're an investment professional, an expert in sales or a technology specialist, you'll find a culture at MFS that supports you in doing what you do best. Our employees work together to reach better outcomes, always favoring the strongest idea over the strongest individual. We put people first and show care and compassion for our community and each other. Because what we do matters - to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.
Job Description As a Compensation Consultant, you will be providing a wide variety of business-focused compensation expertise and analytics to help MFS meet its short and long term business goals. The successful candidate will provide consultative expertise and guidance to managers regarding compensation related situations. This position will assist with the annual compensation cycle, administer existing compensation programs and develop and implement new programs. The incumbent will lead communication initiatives for compensation related needs.
Consultation Proactively provide guidance to internal business clients when compensation issues or trends emerge. Have a strong foundational understanding of the business area and jobs being performed. Keep up-to-date on changes in the market that may impact recruitment efforts. Partner with HRBP, Talent Acquisition and internal clients to help develop solutions for organizational changes, new jobs, hard-to-fill roles, compression issues, promotion recommendations, retention inquiries, and other scenarios. Ensure market pricing matches are appropriate and suggest edits as better matches become available. Communicate challenges, changes and impacts with clients and leadership.
Annual Compensation Planning Assists with the annual compensation cycle and salary planning process. Provides on-going instruction and training on the use of related tools. Act as liaison with various partners and stakeholders including key business leaders, HRIS, Talent Acquisition, Payroll and the HRBP team. Create and deliver all communication & training, configure budgets, manage planning questions, provide reporting and analyses to planners and HRBPs, maintain controls with audits, and collect and deliver final results to leadership.
Client Service and Reporting Participate in the development of compensation policies, programs, services and tools that improve process and efficiency with a focus on delivering a high level of customer service. Provide accurate, comprehensive and easy-to-interpret analyses and reports to clients. Ensure documents are client-ready and secure. Be accessible, and manage expectations for resolutions and follow-up. Work on complex ad-hoc requests and initiatives.
College Degree or equivalent experience in a related field
6 - 8 years of work experience, preferably in compensation, with a minimum of 3 years in compensation consultant role required
Strong knowledge of base pay, cash and long-term incentives, various compensation programs which include sales and executive
Ability to listen, develop a consensus and make appropriate recommendation and decisions in a clear and concise manner
Innovative thinker with strong communication skills - both written and verbal
Demonstrated expertise in Excel - including ability to manipulate spreadsheets, create pivot tables and summarize data from multiple sources. Experience with database systems such as Access is a plus.
Strong knowledge of FLSA and other relevant laws and regulations in the US and outside the US is required.
Highly detail oriented with emphasis on accuracy, coupled with the ability to see the broader corporate picture.
PREFERRED REQUIREMENTS :
Prior experience with WorkDay, MarketPay, and/or JDXpert
CCP (Certified Compensation Professional) or work toward certification is preferred
If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email email@example.com for assistance.
MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. " Click here to view the 'EEO is the Law' poster and supplement ."