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Compensation Specialist

2 months ago

Atlanta, Georgia, United States Insight Global Full time

Position Overview:

The Compensation Specialist is responsible for analyzing job specifications and assessing roles to ensure that Insight Global remains competitive in its total rewards strategy. This role assists the Compensation Manager with various compensation-related tasks, including pay structure, job evaluation, program development, and adherence to regulatory standards.

Key Responsibilities:


• Develops and updates job descriptions to accurately represent the responsibilities and expectations of each position.


• Conducts interviews with managers and staff to collect detailed information about job functions, responsibilities, and necessary skills.


• Evaluates job roles to classify them as exempt or non-exempt based on established criteria.


• Compares job roles against market data and industry benchmarks to establish competitive salary ranges.


• Maintains job classifications and salary structures to ensure alignment with market trends.


• Collects and analyzes data from compensation surveys, utilizing spreadsheet and analytical skills to interpret findings.


• Works collaboratively with the communications team to develop strategies that inform employees and management about compensation initiatives.


• Conducts ongoing analysis of compensation practices and provides recommendations for adjustments related to promotions, transfers, and bonuses.


• Prepares and delivers summaries of compensation analysis findings.


• Manages variable compensation programs, ensuring compliance with established criteria and accurate execution of payments.


• Ensures that compensation plans are executed within budgetary constraints and comply with company policies.


• Supports performance evaluation and merit increase processes, assisting management as needed.


• Reviews and approves payroll requests for retroactive payments or one-time bonuses.


• Continuously seeks opportunities to enhance operational processes.


• Performs data entry and validation tasks as required.


• Initiates the creation of new job roles, ensuring all relevant attributes are accurately documented in the appropriate systems.

Qualifications:


• Proficient in both quantitative and qualitative research methodologies with the ability to provide actionable recommendations.


• Strong understanding of human resources legislation, regulations, and best practices.


• Exceptional written and verbal communication skills, with the ability to manage time effectively and prioritize tasks.


• Advanced proficiency in Excel, including pivot tables, v-lookup, and conditional functions.


• Familiarity with fundamental compensation principles and terminology.


• Capable of articulating compensation philosophy and influencing stakeholder behavior through effective communication.


• In-depth knowledge of HR systems and their interdependencies.


• Awareness of the downstream effects of data transactions.


• Basic understanding of payroll processes.


• Bachelor's Degree in Human Resources or a related field, or equivalent professional experience. HR certification is a plus.


• 1-3 years of experience in human resources, with a focus on Compensation, HR Systems, or Benefits.