Compensation Specialist

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