Exelon Sr/Principal Compensation Consultant (E03/E04) in CHICAGO, Illinois
At Exelon, we've got a place for you!
Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country. You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery. Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce.
Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits.
Join Exelon and share your passion at a forward-thinking Fortune 100 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow. Energize your career at Exelon!
PRIMARY PURPOSE OF POSITION
The Principal Compensation Consultant is responsible for assisting in the management of the day-to-day operations and activities within the assigned unit as related to general compensation matters. This includes participation in and leading of the development, implementation and administration of focused business unit level compensation programs, policies, and procedures to ensure compensation strategies support and reinforce business unit and corporate strategies. Partner with the Director, Compensation and client groups to define HR direction and the manner in which Compensation can support it.
PRIMARY DUTIES AND ACCOUNTABILITIES
Leads the implementation, communication and administration of compensation programs, including market pricing, salary administration, annual incentive, retention, reward and recognition and supplemental pay programs. #CD# Can be process owner as well as implementer as required.
Serves as a subject matter expert in the Compensation group, providing technical and strategic advice and support within the larger Compensation team for a given area (technology, compliance, industry matters). Acts as a change agent, impacting corporate plans and programs, where appropriate. Assesses and analyzes both internal and external compensation practices, recommending improvements and enhanced alignment
Supports, maintains, and administers workforce and salary planning tools (PeopleSoft, Position Management, PeopleSoft Reporting, etc. ), including system development and implementation
Manages and participates in job audits, analyses, governmental reporting and surveys. Plays key role in achieving organizations desired position in market and compensation goals, and conducting or participating in surveys.
Provides data and analyses to line managers for completion of ongoing performance and salary review processes and creates and maintains databases in order to produce &ldquo#CD# ad hoc&rdquo#CD# analytical reports as requested
Bachelors Degree in Business Administration, Human Resources, Finance, or equivalent
At least 8 years in a compensation role (or finance equivalent role) with progressive experience in administering compensation plans and programs within a multi-billion dollar organization
Knowledge of and ability to use software and computer systems (PeopleSoft and MS Office Suite) applicable to organization role
Verbal and written communication skills
Skills involved with negotiation and persuasion
Skills related to business acumen and decision making
Ability to sustain high credibility and provide strategic guidance to all levels of the organization, particularly at the Executive and Sr. Leadership levels
Analytical, consulting, and communication skills at a level applicable to the role
Project management skills at a level applicable to the breadth and focus of the role
Skill and ability in handling highly sensitive and confidential matters appropriately
Professional certification(s) as CCP, PHR, SPHR
Masters degree in HR or related field.
Experience in a Fortune 250 and/or multibillion dollar company
Expertise in industry best practices
Minimum 5 years experience in compensation project management
Working knowledge of laws and regulations that impact Compensation.
Technical expertise in at least one area of compensation.
This job generally reports to the Director, Compensation (and in some cases, Compensation Manager) of the assigned unit and works under little direction with some latitude for unreviewed decisions.
The incumbent uses independent judgment to identify issues, trends & problems, and to recommend action plans, evaluate results, and present to management in a timely manner.
One impacts and influences the development, execution and achievement of company-wide goals, objectives, and results.
Work is varied and complex, requiring the incumbent to utilize in-depth knowledge, advanced problem-solving skills and an understanding of company priorities to achieve results and handle non-routine issues by following broad policy or precedent.
The incumbent participates in planning processes at major project and departmental levels. As such, the incumbent has access to sensitive insider information.
Work leadership is indirect at the project management level.
The incumbent works closely on a regular with internal and external sources to complete objectives, keeping the needs of external and internal customers as a priority when making decision and taking action.
This job requires ongoing collaboration with the Vice President; Directors, Compensation; Compensation Managers and counterparts in the organization to ensure appropriate operational support and coordination of objectives
Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.
VEVRAA Federal Contractor
EEO is the Law Poster
Job Human Resources - Staff
Organization: BSC Human Resources
Title: Sr/Principal Compensation Consultant (E03/E04)
Requisition ID: 213177