As a senior compensation consultant, your responsibilities are to evaluate current compensation programs, conduct salary surveys, and manage salary ranges and merit guidelines to develop a compensation program that aligns with the company and business goals. Other duties include creating incentive programs, updating the current compensation program, analyzing business budgeting, and ensuring timely reporting. You may make recommendations for a salary increase or decrease based on market research, data analysis, job evaluations, and salary surveys. You may also provide expert guidance to company executives to set appropriate pay levels.