Compensation Specialist

2 days ago


Medina, Ohio, United States Loram Maintenance of Way Full time

Job Title: Compensation Specialist

Department: Human Resources

The Compensation Specialist is responsible for analyzing and developing various domestic and global compensation programs at Loram Maintenance of Way. Key responsibilities include salary survey participation, annual and ad hoc compensation benchmarking, reporting, development and maintenance of jobs and salary structures, and coordinating compensation analysis. The position develops pay recommendations and plays a key role in designing and delivering global compensation programs, including base pay and incentives to attract and retain top talent.

Key Responsibilities:

  • Benchmark, level, and classify roles in accordance with Loram's compensation philosophy.
  • Complete annual salary survey submissions and maintain market pricing tools.
  • Conduct analysis to develop, update, and maintain salary structures.
  • Partner with the Recruiting team and HR Business Partners to support new hire and promotion offer compensation recommendations.
  • Conduct market analysis on annual merit and incentive programs to ensure they are competitive and drive performance.
  • Prepare and present reports, graphs, spreadsheets, and other materials in support of the analysis completed and recommendations made.

Requirements:

  • BA/BS degree in related discipline.
  • 3+ years of HR experience, including previous compensation experience.

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