Compensation Specialist

About the role

The Compensation Specialist supports the administration of Damar’s compensation programs and processes. This position maintains salary structures, pay grades, compensation records, and market data while helping ensure compensation decisions are consistent, equitable, competitive, and aligned with Damar’s compensation philosophy.

Responsibilities

• Supports the administration of Damar’s compensation programs and processes.
• Maintains salary structures, pay grades, job levels, and compensation records.
• Conducts market pricing for new and existing positions using approved compensation surveys and market data.
• Participates in compensation surveys and maintains current market compensation information.
• Prepares compensation analyses and recommendations for review by the Director of Benefits & Compensation.
• Reviews compensation data to help identify internal equity, pay compression, and other compensation concerns.
• Supports compensation decisions related to new hires, promotions, transfers, reclassifications, and other employee pay changes.
• PARTNERS WITH TALENT ACQUISITION TO SUPPORT THE DEVELOPMENT OF APPROPRIATE AND CONSISTENT PAY RECOMMENDATIONS.
• SUPPORTS THE ADMINISTRATION OF ANNUAL MERIT INCREASES AND OTHER ORGANIZATIONAL WIDE COMPENSATION PROCESSES.
• Maintains accurate compensation-related position data and position control records.
• REVIEWS NEW AND REVISED JOB DESCRIPTIONS AND SUPPORTS THE EVALUATION AND CLASSIFICATION OF POSITIONS WITHIN DAMAR’S JOB ARCHITECTURE.
• ASSIGNS APPROVED PAY GRADES, JOB LEVELS, AND OTHER COMPENSATION ATTRIBUTES TO POSITIONS.
• PREPARES RECURRING AND AD HOC COMPENSATION REPORTS FOR HR AND ORGANIZATIONAL LEADERSHIP.
• ANALYZES COMPENSATION DATA AND IDENTIFIES TRENDS TO SUPPORT ORGANIZATIONAL DECISION-MAKING.

Requirements

• Bachelor's degree in Human Resources, Business Administration, Accounting, Finance, or a related field preferred.
• Minimum of 3 years of experience in human resources, compensation, payroll, accounting, finance, data analysis, or related analytical work, with direct compensation experience required. 5+ years of relevant experience preferred.
• Experience working with HRIS systems and compensation data preferred.
• Proficiency with Microsoft Excel and reporting tools.
• Minimum age of 18 per licensure requirement.
• Valid Indiana driver’s license and driving record that meets eligibility requirements of Damar’s insurance carrier (for all positions requiring driving).
• Be clear of any felony convictions, substantiated charges of neglect or other disqualifying criminal convictions.
• Successfully complete a pre-employment physical.
• Favorably meet and maintain Damar’s background screening.

Qualifications

• None specified

Skills

• Strong analytical skills.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and priorities.
• Proficiency with Microsoft Excel and reporting tools.

Benefits

• Eligible for the Damar Advantage including discounts at Damar Health Services and Damar Pharmacy.
• Comprehensive training in verbal intervention and physical management techniques.
• Medical, Dental, and Vision Insurance options.
• Up to $3,000 per year in Tuition Assistance.
• Save for your retirement with our 401(k) Plan.
• Participation in Damar provided Life Insurance and additional voluntary options.
• Short-Term and Long-Term Disability Insurance options.
• Paid Holidays to spend time with loved ones.
• Paid Time Off (PTO) for rest and renewal.

Pay

TBD

Schedule

TBD