Senior Compensation Specialist
- Compensation Strategy: Support development and implementation of comprehensive compensation strategies aligned with organizational goals and industry benchmarks
- Job Evaluation and Benchmarking: Conduct job evaluations, market analysis, and benchmarking, to ensure competitive and fair compensation for each position within the organization. Lead participation in benchmark surveys
- Compensation Program Design: Recommend strategies to optimize various compensation programs, including base pay, bonuses, and long-term incentives
- Compensation Cycle Management: Lead annual compensation cycle, including annual merit increases and bonus processes
- Policy Development: Develop and maintain compensation policies and procedures, ensuring compliance with relevant laws and regulations
- Data Analysis: Analyze compensation data to identify trends, address issues, and provide recommendations for continuous improvement
- Collaboration: Collaborate with HR business partners, operations, talent acquisition, payroll, accounting, finance and other stakeholders to understand workforce needs and align compensation strategies accordingly
- Communication and Education: Communicate compensation programs to employees, ensuring clarity and understanding. Provide education and support to managers and employees on compensation-related matters
- Regulatory Compliance: Stay abreast of changes in compensation laws and regulations, ensuring the organization's compliance with relevant legislation
- Perform other duties as assigned EDUCATION AND WORK EXPERIENCE
- Bachelor's degree in Human Resources, Business Administration, or a related field. Master's degree or professional certification (e.g., CCP, PHR, SPHR) is a plus
- Minimum of 7 years of experience in compensation, with a focus on program design and implementation
- Strong analytical skills and proficiency in using compensation analysis tools
- In-depth knowledge of compensation trends, market practices, and relevant legislation
- Excellent communication and interpersonal skills with the ability to collaborate across different levels of the organization
- Experience with Compensation and Advance Compensation SKUs in Workday preferred
- Detail-oriented with a high level of accuracy and confidentiality
- Ability to thrive in a fast-paced environment and manage multiple priorities
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