Compensation Specialist

Responsibilities

• Conducts market pricing and benchmarking using external compensation surveys to ensure competitive pay practices
• Aids in maintaining salary structures, pay grades, and compensation ranges across the organization
• Supports the administration of compensation programs including merit increases, promotions, and market adjustments
• Ensures compliance with applicable laws, rules, regulations, standards, policies and procedures pertaining to compensation administration
• Participates in compensation related projects such as salary structure updates, pay equity analysis, and compensation program improvements
• Recommends actions necessary to ensure adherence to said standards
• Handles audits/reviews regarding compensation
• Utilizes knowledge of the Fair Labor Standards Act as well as survey documentation to determine appropriate FLSA status
• Models financial and operation impact of compensation related plans
• Utilizes the HRIS system to accomplish company objectives

Qualifications

• A Bachelor’s degree in finance, Business Administration, Human Resources or a related field preferred
• 2+ years of experience in the field or related area preferred
• Knowledge of compensation structures, job evaluation methodologies, and pay practices preferred
• Proficiency with position evaluation methodology, federal/state regulations regarding wage and hour laws, FLSA, Equal Pay Act, etc. preferred
• Must have excellent mathematical and analytical skills, including knowledge of statistics and a high attention to detail
• Proficient in Microsoft Outlook, Word, and Excel
• Ability to learn and utilize programming platforms
• Assertive, outgoing, professional demeanor
• Serve as a role model and advocate for the company
• Conduct and maintain a professional, courteous and positive image at all times
• Able to define problems, collect data, establish facts and draw valid conclusions
• Excellent organizational, writing and communication skills
• Able to multi-task in a fast-paced, constantly-changing environment
• Able to work independently without direct supervision