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Compensation Specialist
2 months ago
We are seeking a skilled Compensation Analyst to join our team at Prime Team Partners. As a Compensation Analyst, you will play a key role in developing a comprehensive job architecture framework for our client. This project-based role requires strong analytical skills, attention to detail, and expertise in compensation principles.
Key Responsibilities- Data Collection and Analysis: Gather and analyze compensation data from various sources, including internal databases, market surveys, and industry reports to identify trends and insights.
- Job Evaluation and Benchmarking: Evaluate current job roles to determine their placement within the new job architecture and benchmark against market data to ensure competitiveness.
- Compensation Modeling: Develop salary structures, pay bands, and incentive programs using compensation modeling techniques, and work with stakeholders to refine models.
- Documentation and Communication: Prepare clear reports and presentations detailing findings, methodologies, and recommendations for HR, senior management, and other stakeholders.
- Experience in compensation within the manufacturing industry, especially with a large hourly production workforce.
- Associate's degree or higher in Business Administration, Finance/Accounting, Human Resources, or equivalent with 8 years of HR or Finance experience.
- 5+ years in compensation analysis.
- Strong analytical and data interpretation skills to align findings with workforce strategies.
- Proven ability to collaborate with cross-functional teams to meet project needs and provide clear direction.
- Excellent communication skills to translate and convey complex compensation plans and strategies.
- Proficiency in data management and analysis tools, with experience managing PeopleSoft data.
- Demonstrated skills in process improvement, problem-solving, and future compensation planning.
Prime Team Partners is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, national origin, pregnancy status, gender, age, marital status, disability, medical condition, sexual orientation, or any other characteristics protected by applicable state or federal civil rights laws. For contract positions, hired candidates will be employed by Prime Team for the duration of the contract period and be eligible for our company benefits. Benefits include medical, dental, and vision. Employees are covered at 75%. We offer a 401K after 6 months, we do not provide paid holidays or PTO, sick time is offered in accordance with local laws.
