Acumen is seeking a Compensation Consultant. This is a short-term consulting opportunity. The incumbent will be someone who has had experience setting up and implementing compensation benchmarks in a start-up, private sector, or in non-profit organizations. This person will work under the leadership of the Director of Talent.
This role is located in NYC (lower Manhattan). We work in a hybrid model, 3 days in the office per week (Tuesday, Wednesday, Thursday).
About Acumen
Acumen is a global force of entrepreneurs, investors, philanthropists, and social innovators working together to build a world based on dignity. We were founded by Jacqueline Novogratz on the radical idea that business, when cultivated with moral imagination, can break the cycle of poverty. We invest in transformational companies, build sustainable markets, and prepare leaders with the tools they need to create a more just and inclusive future. Since 2001, we have scaled companies and shaped markets in some of the hardest-to-reach communities on the planet, impacting over half-a-billion lives. To learn more visit acumen.org.
About Talent
The Talent Team oversees the employee lifecycle across seven countries in eight cities. Our employee value proposition is focused on equity, transparency, representation, and working across lines of difference. Our hiring processes may be perceived as unconventional. For example, we share Total Rewards in the first screen and agree on compensation right up front. We have found that it is better for candidates to have that information from the start and it’s better for Acumen as we have fewer failed searches where candidates decline our offers. The Talent Team is also responsible for Acumen’s People strategy and culture, performance management, compensation, benefits, learning and development.
About the Role
Acumen is in the process of revising/updating its current compensation benchmarks for the US and setting up new comp benchmarks for the UK and for Canada, where we have growing teams. The exercise will include reviewing all current roles (from entry to Executive levels), internal equity, and benchmarking them against market data of similar roles and organizations.
Objectives:
- An updated compensation benchmark for the US (with a focus on the East Coast and West Coast).
- A new compensation benchmark for the United Kingdom
- A new compensation benchmark for Canada.
The incumbent will lead an org-wide compensation benchmarking project by analyzing and comparing the organization's current pay structures against market data to ensure competitive and equitable salaries. They'll use industry-specific surveys, job evaluations, and peer group analysis, salary survey data, and implement a pay structure design. We will be investing in the comp data acquisition.
Key Responsibilities include:
- Accessing Salary Surveys & Market Data databases to determine competitive pay for specific roles.
- Job Analysis & Evaluation: Comparing internal roles based on accountabilities, skill requirements, and levels to match with external market data.
- Pay Structure Design: Develop salary grades and bands that align with company compensation philosophy.
- Total Rewards Strategy: Evaluating base salary, bonuses, and long-term incentives to create comprehensive compensation packages.
- Pay Equity Studies: Analyzing compensation for gender or racial gaps to ensure compliance and fairness.
Required Qualifications
- Experience: 8–10 years in compensation, HR analytics, or finance.
- Strong Excel skills (pivot tables, VLOOKUP), HRIS proficiency, and knowledge of compensation regulations.
- Bachelor’s degree in HR, Business, or Finance.
- Certified Compensation Professional (CCP), preferred
Deadline
Candidates are encouraged to apply as early as possible as applications will be reviewed and interviews scheduled on a rolling basis.
Compensation
The salary range for this role is $75,000 to $90,000/yr ($35 - $45/hourly). This range represents the present low and high end of pay range for this role. Actual compensation will vary based on various factors including but not limited to experience.