A shaft alignment component for aligning a rotatable shaft positioned within a housing of a driven device with a motor shaft of a motor positioned outside of the housing of the driven device is disclosed. The component includes a body portion having an opening formed therethrough to receive the rotatable shaft and/or the motor shaft therein, a first alignment feature configured to interface with an alignment hub on the motor to position the motor shaft along a centerline axis of the shaft alignment component, and a second alignment feature comprising a chamfered surface configured to interface with a countersunk feature on the housing. The chamfered surface is configured to interface with the countersunk feature to self-align the shaft alignment component with the housing such that the rotatable shaft of the driven device is positioned along the centerline axis of the shaft alignment component and aligned with the motor shaft.