Job Title: Compensation Specialist

Position Summary:

The Compensation Specialist will play a key role in developing, implementing, and managing compensation programs that align with the company's strategic goals. As a vital member of the team, this role involves analyzing compensation data, ensuring regulatory compliance, and providing expert guidance on compensation-related matters. The role will also focus on core compensation activities, sales incentive plans, and pay model development.

Key Responsibilities:

• Design and manage core compensation programs, including salary structures, incentive plans, and bonus schemes.
• Conduct market research and analysis to ensure competitive and equitable compensation packages.
• Evaluate job positions and determine appropriate salary levels based on market data and internal alignment.
• Ensure compliance with federal, state, and local compensation laws and regulations.
• Collaborate with HR teams and business leaders to develop and implement effective compensation strategies.
• Prepare and present reports on compensation trends, metrics, and analyses to support decision-making.
• Provide guidance and support to managers and employees on compensation-related policies and practices.
• Participate in compensation surveys and analyze survey data to benchmark company compensation practices against industry standards.
• Offer analytical support on Total Rewards initiatives and provide recommendations to HR and management.
• Develop and deliver educational materials to communicate Total Rewards programs to employees and HR partners.

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, or a related field.
• 7+ years of experience in compensation or related HR roles.
• Strong analytical and problem-solving skills, with the ability to interpret data and provide actionable insights.
• Excellent communication and interpersonal skills to effectively collaborate with stakeholders at all levels.
• In-depth knowledge of compensation laws, regulations, and best practices.
• Certification in Compensation (e.g., Certified Compensation Professional - CCP) is a plus.

Compensation:

Salary Range: $85,000 - $110,000 annually