Compensation Specialist
3 days ago
We are seeking an experienced Compensation Specialist to join our team in a fast-paced environment. As a key member of our compensation team, you will provide guidance to internal clients and collaborate with HR partners to plan, develop, implement, and administer major compensation initiatives and/or programs.
The ideal candidate will possess strong financial modeling and Excel skills, with the ability to analyze large amounts of data and utilize that data to inform decision making. You will participate in salary surveys and studies labor markets to determine compensation trends, and apply job evaluation techniques to establish equitable compensation rates within the organization as compared with market.
Key Responsibilities:
- Carries out complex analysis assignments involving the development, implementation, and administration of broad-based and executive compensation.
- Evaluates jobs using standard job evaluation techniques; determines grades and supports the development and modeling of salary ranges.
- Manages focal reviews such as merit, short-term and long-term incentive processes from inception to completion.
- Manages the administration of our global LTI compensation programs, including time-based equity (RSUs) and cash plans.
- On-going evaluation of the effectiveness of existing global compensation program design and guidelines.
- Utilizes survey management tool to effectively administer global compensation programs.
- Participates in salary surveys conducted by third parties.
- Remains current on all personnel policies, programs, and practices, and stays informed of new (and pending) laws and regulations.
Requirements:
- Bachelor's degree plus equivalent work experience and relevant qualifications; CCP preferred.
- Proven experience working in a global environment and partnering across countries and regions to achieve results in a fast-moving, dynamic environment preferably within high-tech or manufacturing industries.
- Advanced proficiency working with Microsoft Suite and good familiarity in Workday HCM and Advanced Compensation module.
- Strong understanding of global compensation principles, general industry practices, regulations, and both historical and current market trends.
- Extensive work experience in base pay, short-term incentives, equity programs, and work experience in sales and executive compensation.
Estimated Salary Range: $120,000 - $180,000 per year, depending on location and experience.
Benefits:
- An employee's pay position within the salary range may be based on several factors including but not limited to (1) relevant education; qualifications; certifications; and experience; (2) skills, ability, knowledge of the job; (3) performance, contribution, and results; (4) geographic location; (5) shift; (6) internal and external equity; and (7) business and organizational needs.
- You will be eligible to participate in Western Digital's Short-Term Incentive (STI) Plan, which provides incentive awards based on Company and individual performance.
- We offer a comprehensive package of benefits, including paid vacation time, paid sick leave, medical/dental/vision insurance, life, accident, and disability insurance, tax-advantaged flexible spending and health savings accounts, employee assistance program, other voluntary benefit programs, tuition reimbursement, transit, the Applause Program, employee stock purchase plan, and the Western Digital Savings 401(k) Plan.
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