Compensation Specialist

4 weeks ago


Smithfield, Virginia, United States Smithfield Foods Full time
About the Role

We are seeking a highly skilled Compensation Analyst to support our compensation administration and implementation for various compensation programs. This role will be responsible for supporting compensation requirements, including position descriptions and evaluations, FLSA testing, salary administration, and conducting compensation analyses.

Key Responsibilities
  • Completes and maintains salary survey data by compiling, organizing, and submitting data on a timely basis.
  • Coordinates data for market analysis to ensure up-to-date market information for management to perform annual reviews and frequent pricing of jobs.
  • Evaluates the organization's jobs, documenting responsibilities and requirements in job descriptions.
  • Responds to inquiries and issues involving compensation, market competitiveness, job leveling, and job description maintenance and development.
  • Ensures compliance with FLSA.
  • Executes on core processes, including the support of the annual merit increase process and annual performance review cycle.
  • Partners with HRIS and Payroll departments to plan the process and ensure it runs smoothly and efficiently without errors.
  • Maintains and enhances a database for accessing compensation information and associated job descriptions.
  • Assists with KPI tracking, calculations, and forecasting of all incentive plans, including annual incentives and sales incentive compensation.
  • Responsible for the preparation of compensation-based communication materials.
  • Supports and partners with key stakeholders to drive completion of compensation projects.
  • Develops and maintains internal compensation databases, processes, and procedures.
  • Special projects as needed, including acquisition integration, organization restructuring, system installation, report analysis, etc.
Requirements
  • Bachelor's Degree from an accredited four-year college or university and 2+ years relevant experience, or equivalent combination of education and experience.
  • Excellent analytical and technical skills, including expertise in Excel, Word, PowerPoint, and HRIS.
  • Knowledge of and experience with compensation principles and concepts, compensation analysis and consulting, including market pricing, compensation plan/structure design, job evaluation and grading, and FLSA review.
  • Demonstrated maturity in dealing with all levels of employees and the ability to maintain confidentiality of all employee information.
  • Strong planning, problem-solving, project management, organizational, and communication skills; able to multi-task.
  • Current PHR, SHRM-CP, or CCP certification (or willingness to obtain) is a plus.
  • Ability to develop positive working relationships with both internal and external vendors and customers.
  • Ability to work well with others in a fast-paced, dynamic environment.
  • Ability to be respectful, approachable, and team-oriented while building strong working relationships and a positive work environment.


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