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Compensation Consultant
| Company | American Electric Power |
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| Location | Columbus, OH, USA |
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| Salary | $85081 – $106352.5 |
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| Type | Full-Time |
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| Degrees | Bachelor’s, Associate’s |
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| Experience Level | Mid Level |
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Requirements
- Bachelor’s Degree in business administration, human resources management, industrial management or a related discipline; or Associate’s Degree with two (2) years of HR experience.
- Four (4) years of human resources experience, to include two (2) years of compensation experience.
- Expert technical knowledge and analytical skills in the use of spreadsheet, database and word processing software required.
- Knowledge with various wage and hour laws.
Responsibilities
- Consult with and assist business unit leaders and Human Resources staff in regard to matters concerning compensation programs to ensure consistent practices and pay equity across the Company.
- Conduct or coordinate participation in external surveys related to employee compensation and compensation policies.
- Perform analysis and make recommendations based upon the results. Evaluate positions to determine accurate market competitive pay, internal grading, and compliance with FLSA laws.
- Provide guidance to HR Business Partners, Talent Acquisition, and business unit leaders on job offers to candidates to ensure pay is market competitive and internally equitable.
- Work with Equity and Inclusion on annual pay equity studies.
- Provide analysis and help determine any corrective course of action. Lead or assist in managing employee recognition program.
- Supports the annual compensation planning process.
- Partner with HR Business Partners to provide guidance to leaders regarding application of manager discretion to salary increases and incentives.
- Conducts reporting and audits to ensure recommendations are within company policies and practices.
- Assist compensation team with special projects or emergent activities, such as those related to acquisitions or divestitures.
- Develop and maintain subject matter expertise through outside sources and consult with clients on compensation trends and issues and how these issues may impact the company and how the Company should respond.
- Develop and implement effective communications necessary to establish and maintain a sound compensation program that contributes to the overall objectives of AEP.
- Work with others within the HR organization in communicating new programs, policies and procedures with business units throughout the Company.
Preferred Qualifications
- World at Work designation as a Certified Compensation Professional (CCP) preferred.
- Strong consulting, interpersonal and communication skills.
