Compensation Specialist

Job Summary

The Compensation Specialist collaborates with internal business stakeholders and human resources leadership in personnel-related planning and decision-making, including the analysis and review of job classification and reclassification requests; implements quality controls in the job classification process for existing and newly created positions, and evaluates job as appropriate; provides professional guidance, advice, coordination, training, and support in the effective and consistent application of compensation programs, management principles, guidelines, procedures, and best practices.

Essential Jobs And Responsibilities

• Aids in the planning, development, coordination, facilitation, administration, and reporting of the annual salary review program for employees and in the implementation of compensation programs and policies.
• Aids with creating compensation programs that establish pay grades and criteria for raises.
• Aids with creating the development of compensation related policies.
• Edits employees and managers about compensation policies, procedures, and philosophy.
• Aids in setting and adjusting pay and benefits structures to ensure they are competitive and compliant with regulations.
• Generates reports and provides insights on compensation trends, costs, and effectiveness.
• Researches market trends to evaluate the competitiveness of salaries; assists with establishing the job grading and process for the creation of new roles into our grading structure.
• Reviews, evaluates and revises compensation programs regularly.
• Conducts surveys to assess employee satisfaction with pay and benefits.
• Pairs with both the Talent Acquisition Team and hiring leaders as needed about matters related to pay and reviewing special compensation scenarios.
• Compiles and audits annual performance incentive calculations for annual pay-out.
• Aids with Talent Acquisition to Align compensation programs with recruitment strategies to attract quality candidates.
• Complies with federal, state and local compensation laws, such as minimum wage regulations.
• Assists with analyzing appropriate surveys for benchmarking compensation and benefits programs.
• Works with Finance to forecast benefits and compensation costs.
• Maintains regular and on-time attendance.
• Fulfills all safety regulations.
• Supports client’s commitment to its culture and values, including Respect, Integrity, Service and Excellence (RISE).
• Performs other duties as assigned by the Assistant Vice President, Human Resources and Senior Vice President, Chief Administrative Officer.

Qualifications

• Education: Bachelor's Degree in business, human resources or related field.
• Experience: 2-4 years of related experience.