Compensation Specialist

2 weeks ago

Hickory North Carolina, United States Shurtape Technologies, LLC Full time

Overview:

POSITION SUMMARY
The Compensation Specialist employs analytical techniques and tools to guarantee that organizational compensation and benefits are administered uniformly. This role utilizes analytics and forecasts to improve accuracy in forecasting and guide decision-making related to compensation and benefits programs.

The Compensation Specialist offers analytical and operational assistance to Shurtape Technologies' Total Rewards initiatives, encompassing compensation, incentives, benefits, wellness, and rewards & recognition, along with the ongoing management and reporting functionalities of the HRIS system.


The Compensation Specialist will work in conjunction with Talent Acquisition and HR Business Partners to perform job evaluations and establish competitive compensation aligned with market trends.

Additionally, the Compensation Specialist will ensure internal pay equity through the creation and upkeep of consistent pay structures.

This position is both highly analytical and collaborative.

Key Responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Maintain regional salary ranges and classifications, job descriptions, and job classification repository.

Evaluate positions to ensure market competitiveness and internal equity; collaborate with HR Business Partners and Talent Acquisition to recommend compensation for new hires and internal promotions/transfers.

Oversee recurring compensation initiatives, including but not limited to, annual incentive pay, annual merit increases, and biennial market studies.

Manage the Compensation Management HRIS module in UltiPro.

Establish guidelines for incentive pay, including project incentives, sign-on bonuses, and retention bonuses.

Conduct cost projections, forecast trends, and partner with payroll, recruiting, and budget forecasting.

Analyze and present compensation metrics through BI reporting and dashboards to provide insights for enhanced decision-making.

Monitor and assess pay disparities related to gender, race, ethnicity, age, and other protected classes.

Identify opportunities for improvement. Influence across various levels and business units to enhance operational efficiency.

Research and assist in resolving payroll and/or compensation issues.

Act as a backup to the Payroll Administrator, including audit preparation and reporting, as well as HRIS loads as required.

Qualifications:

REQUIREMENTS
To perform this role successfully, an individual must be able to fulfill each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Strong organizational abilities. Change is frequent; must be adept at managing competing priorities.

A high degree of interpersonal and verbal and written communication skills.

Demonstrated analytical, critical thinking, and problem-solving capabilities.

Team collaboration skills.

Proven accuracy in data entry.

Comfortable with general analytics and reporting methodologies.

Ability to manage extensive data sets and apply requisite knowledge to derive insights as needed.

Must exhibit a superior level of integrity and confidentiality.

Ability to address the needs of various cross-functional teams.

Systems Knowledge:
Proficiency in Microsoft Office products (Word, Excel, Outlook, PowerPoint, etc.) is required. Intermediate-to-Advanced Excel skills are a plus.

EDUCATION AND EXPERIENCE

Bachelor's degree or related work experience.

3 – 5 years in compensation.

HRIS experience required. UltiPro experience preferred.

Hybrid work schedule, with mandatory in-office days as needed based on business requirements.

PHYSICAL DEMANDS


The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this role.


WORK ENVIRONMENT


This is a dynamic work environment with consistent pressure to complete duties as outlined above, requiring the ability to manage multiple projects at a detailed level and provide support to various internal departments in a fast-paced setting. Many responsibilities listed above are time-sensitive and have strict deadlines for completion.

We are an equal opportunity employer.

All applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

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