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Incentive Compensation Consultant Jobs (NOW HIRING)

RealtySouth

Compensation Manager

Eden Prairie, MN · On-site

Serve as the primary compensation consultant to business and HR leaders, translating organizational ... Co-Lead the design, evaluation, implementation, and ongoing management of base pay and incentive ...

MFS

Compensation Consultant

Boston, MA

$88K - $126K/yr

Partners closely with Compensation leadership and Senior Consultants to provide analysis ... In addition to the salary, we also offer significant and competitive incentive compensationbased on ...

U.S. Bank

Compensation Consultant

Minneapolis, MN · On-site

$119K - $140K/yr

These jobs are responsible for: designing/redesigning incentive plans, job evaluations including ... Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations ...

US Bank

Compensation Consultant

Minneapolis, MN · On-site

$119K - $140K/yr

These jobs are responsible for: designing/redesigning incentive plans, job evaluations including ... Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations ...

US Bank

Compensation Consultant

Tempe, AZ · On-site

$98K - $115K/yr

These jobs are responsible for: designing/redesigning incentive plans, job evaluations including ... Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations ...

US Bank

Compensation Consultant

Minneapolis, MN · On-site

$98K - $115K/yr

These jobs are responsible for: designing/redesigning incentive plans, job evaluations including ... Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations ...

US Bank

Compensation Consultant

Charlotte, NC · On-site

$98K - $115K/yr

These jobs are responsible for: designing/redesigning incentive plans, job evaluations including ... Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations ...

US Bank

Compensation Consultant

Charlotte, NC · On-site

$119K - $140K/yr

These jobs are responsible for: designing/redesigning incentive plans, job evaluations including ... Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations ...

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Incentive Compensation Consultant information

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How much do incentive compensation consultant jobs pay per hour?

As of Sep 13, 2026, the average hourly pay for incentive compensation consultant in the United States is $55.16, according to ZipRecruiter salary data. Most workers in this role earn between $38.70 and $80.53 per hour, depending on experience, location, and employer.

What does an incentive compensation consultant do?

An Incentive Compensation Consultant specializes in designing, implementing, and managing incentive compensation programs for organizations. They analyze compensation data, develop plans to motivate employees, and ensure alignment with business goals and legal regulations. Their work often includes reviewing sales commission structures, performance metrics, and competitive benchmarks to attract and retain talent. Consultants also provide guidance on best practices and help organizations adapt their incentive programs as market conditions or company strategies change.

What skills and qualifications are needed to thrive as an incentive compensation consultant?

To thrive as an Incentive Compensation Consultant, you need expertise in compensation analysis, financial modeling, and a solid understanding of business operations, often supported by a degree in finance, HR, or a related field. Familiarity with incentive compensation management (ICM) software like Xactly or SAP, and proficiency in Excel or other data analytics tools, are typically required. Strong analytical thinking, attention to detail, and effective client communication help distinguish top consultants in this role. These skills are crucial for designing fair, motivating compensation plans that drive organizational performance while ensuring compliance and accuracy.

What are common challenges faced by incentive compensation consultants when designing effective compensation plans?

Incentive Compensation Consultants often face the challenge of balancing competitive compensation structures with organizational budget constraints and compliance requirements. They must ensure that incentive plans align with company goals, drive desired employee behaviors, and remain understandable and transparent to participants. Additionally, consultants frequently collaborate with sales, HR, and finance teams to gather input and build consensus, which can require strong communication and negotiation skills. Staying current with industry trends and regulatory changes is also essential to create optimal and compliant plans.

What is the difference between Incentive Compensation Consultant vs Compensation Analyst?

AspectIncentive Compensation ConsultantCompensation Analyst
CredentialsTypically requires certifications like CCP or CBP, relevant experience in incentive plansOften holds a degree in HR, finance, or related fields; certifications are optional
Work EnvironmentConsults with multiple clients or departments, often project-basedWorks within a company’s HR or compensation team, focusing on internal data
Employer & Industry UsageUsed by consulting firms, large corporations, and industry specialistsEmployed by organizations across various industries, primarily in HR or finance departments

Incentive Compensation Consultants focus on designing and implementing incentive plans for organizations, often working with multiple clients. Compensation Analysts analyze internal data to develop and maintain compensation structures. While both roles require knowledge of compensation principles, the consultant role emphasizes external consulting and plan design, whereas the analyst role centers on internal data analysis and administration.

What cities are hiring for Incentive Compensation Consultant jobs?

Cities with the most Incentive Compensation Consultant job openings:

What are popular job titles related to Incentive Compensation Consultant jobs?

For Incentive Compensation Consultant jobs, the most frequently searched job titles are:

Incentive Compensation Consultant jobs near you
Infographic showing various Incentive Compensation Consultant job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $114,731 per year, or $55.2 per hour.

Compensation Consultant

Boston, MA • On-site

MFS Investment Management
Finance and Insurance • 1 - 5K employees
Learn more about MFS Investment Managementexternal

$88K - $126K/yr

Full-time

Medical, Dental, Retirement

Posted 20 days ago

Job description

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate 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.
THE ROLE
Using discretion and judgment, provides compensation expertise, analysis, and consultation to support compensation programs and business needs across MFS. Serves as the primary point of contact for a broad range of compensation requests, including job leveling, market pricing, offers, and compensation-related inquiries. Partners closely with Compensation leadership and Senior Consultants to provide analysis, recommendations, and operational support that enable effective compensation decisions and program delivery.
WHAT YOU WILL DO
  • Serves as the primary intake point for compensation requests, ensuring timely response, analysis, and resolution.
  • Provides consultation and recommendations on compensation matters, including job matching, job leveling, market pricing, hiring offers, buyouts, guarantees, cash flow advances, and related compensation programs.
  • Conducts compensation analyses utilizing internal data, market benchmarks, and established compensation methodologies to support decision-making.
  • Prepares analyses, recommendations, and supporting materials for review by Compensation leadership and Senior Consultants.
  • Partners with Talent Acquisition, HR Business Partners, managers, and employees to address compensation-related questions and requests.
  • Administers and supports compensation programs, policies, processes, and governance activities, ensuring consistency and adherence to established guidelines.
  • Supports annual compensation planning through reporting, analysis, modeling, testing, and process coordination.
  • Maintains market data, benchmarking information, compensation structures, and related compensation tools and systems.
  • Owns compensation knowledge management processes, including development and maintenance of documentation, FAQs, guidance materials, decision frameworks, and operating procedures to support consistency, scalability, and continuity across compensation activities.
  • Maintains knowledge of compensation programs, policies, practices, and historical decisions to ensure consistent application of compensation guidelines.
  • Identifies opportunities to improve compensation processes, reporting, workflows, and documentation to enhance operational effectiveness.
  • Manages compensation projects and work assignments, coordinating activities, stakeholders, and timelines to ensure successful execution.
  • Maintains knowledge of compensation regulations, market practices, and industry trends to support sound compensation recommendations.

WHAT WE ARE LOOKING FOR
  • Bachelor's degree in a related area.
  • 5-6 years of experience in compensation, financial analysis or closely related analytical discipline.
  • Strong understanding of compensation principles, including market pricing, job evaluation, compensation structures, and compensation administration.
  • Strong analytical skills with the ability to interpret data and develop practical recommendations.
  • Ability to manage multiple priorities and work independently with limited supervision.
  • Strong written and verbal communication skills.
  • Advanced proficiency with Excel and compensation-related analysis.
  • Strong attention to detail, organization, and problem-solving skills.
  • Ability to handle confidential information with discretion and professionalism.

PREFERRED SKILLS, QUALIFICATIONS & EXPERIENCE
  • Knowledge of compensation regulations, job evaluation, and external benchmarking practices.
  • Experience with compensation and HRIS tools (e.g., Workday, MarketPay).
  • Experience providing consultative / center-of-expertise support (influencing without direct authority).

#LI-JN1
Base Salary Range: $88,000.00 - $126,000.00This position is eligible for competitive incentive bonus.
At MFS, we believe in fair and transparent compensation. For that reason, we're including the salary range for this position. This range reflects our good-faith expectation for what we'll pay depending on the candidate's experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based on both individual and company performance. Other components of our Total Rewards Package include:
  • MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
  • Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
  • Education Assistance: Tuition reimbursement up to $8,000 annually
  • Education Assistance: Access to discounted tutors and college coaches
  • Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
  • Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
  • Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
  • Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

Our compensation philosophy is to pay competitively for talent while ensuring equity across employees performing comparable work. We are committed to transparency - if you have questions about how we arrived at this range or what additional benefits and bonus opportunities come with the role, we'll be happy to discuss them
#LI-HYBRID
At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.
MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.
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 talent_acquisition@mfs.com for assistance.
MFS is an 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. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.

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