Compensation Specialist

About the role

We are looking for a Compensation Specialist to join our team in Parsippany, NJ. Location: Parsippany, NJ (Hybrid)

Responsibilities

• Partner with field locations in the U.S. and other countries to administer compensation programs aligned with Corporate policy.
• Handle inquiries from field locations, interpret company policy and government regulations, and provide solutions to compensation-related issues.
• Create job descriptions, conduct job evaluations, determine U.S. FLSA exemption status, and recommend compensation grade assignments.
• Participate in various industry-related compensation surveys and utilize data to ensure competitive pay practices.
• Provide administrative support for the short-term incentive compensation plans, including completing forfeiture analyses and auditing bonus plan participation details.
• Conduct periodic compensation-related data audits in Workday and support compensation plan configuration and maintenance.
• Develop and monitor salary ranges globally to ensure internal equity and market competitiveness.
• Complete global merit budget analysis and assist in the company’s annual focal compensation planning process for global salary review, long-term incentive grant, and incentive payout.
• Evaluate and analyze compensation practices and propose adjustments to pay programs and administrative processes.
• Ensure compliance with applicable federal, state, and international laws to ensure programs and plans meet statutes and requirements.
• Assist with executive compensation analysis and projects.
• Support the Compensation department with various projects across the organization in order to help achieve key deliverables in the department in a timely fashion.

Requirements

• Bachelor’s Degree with 3+ years of compensation experience in a multinational environment
• Excellent Microsoft Excel skills (pivot tables, vlookup)
• Knowledge of compensation practices and processes
• Excellent written and verbal communications skills
• Strong organization, project management, and time management skills
• Strong analytical and reporting skills
• Ability to make sense of complex, high quantity, and sometimes contradictory information to effectively solve problems
• Ability to maintain a high level of confidentiality and professionalism
• Ability to conduct comprehensive market pricing studies
• Ability to build collaborative relationships and foster teamwork
• Quality orientation and careful attention to detail
• Experience with Workday Compensation preferred
• Completion or progress towards Certified Compensation Professional (CCP) preferable

Qualifications

• Environmental, Social and Governance values
• Experience in high-performance markets
• Global, integrated provider of critical solutions
• Integrated provider of highly engineered, technologically advanced products and services
• Supports several of the largest, most vital industries in the world

Skills

• Compensation administration
• Compensation survey participation
• Compensation plan configuration and maintenance
• Compensation data audit
• Compensation practice evaluation
• Compensation program adjustment proposal
• Compensation compliance assurance
• Executive compensation analysis
• Project support

Benefits

Please note, benefits are country specific and may vary from location to location.

Pay

$84,000 - $110,000

Schedule

Hybrid