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Compensation Specialist
2 months ago
Key Responsibilities
- Perform comprehensive job evaluations, benchmark analyses, FLSA assessments, and market compensation studies.
- Gather, validate, and submit compensation data for salary benchmarking surveys.
- Review pay practices to ensure adherence to organizational policies, procedures, and legal standards.
- Implement compensation strategies across various departments.
- Oversee base salary programs and confirm their accuracy.
- Collaborate with HR Information Systems and Finance teams to maintain data integrity.
- Engage with leadership on compensation-related issues.
- Assist the Compensation Supervisor with various projects.
- Participate in compensation reviews and salary evaluations.
- Help develop educational materials for staff regarding compensation.
Required Qualifications
- Bachelor's degree in Human Resources Management or a related discipline with a minimum of 4 years of experience in compensation analysis.
- Experience in Human Resources is preferred.
- Background in healthcare is advantageous.
- Familiarity with wage regulations and compensation methodologies.
- Relevant professional certifications are a plus.
- Experience with compensation surveys is essential.
- Proficiency in UKG Ultipro and PayFactors is preferred.
- Experience with SharePoint is beneficial.
Additional Skills and Abilities
- Exceptional communication abilities.
- Strong analytical and mathematical skills.
- Advanced knowledge of Microsoft Excel.
- Understanding of compensation best practices.
- Ability to think critically and manage multiple priorities.
- Strong organizational and planning skills.
- Capability to work independently as well as collaboratively.
- Maintain confidentiality and handle sensitive information with integrity.
- Meticulous attention to detail.
Physical Requirements
- Capability to lift or carry up to 10 lbs.
- Ability to stand for extended periods.
Salary range: $95,000-$115,000 annually, based on experience.