Compensation Specialist

Overview

• Serve as the primary expert in compensation management, ensuring equitable pay programs and maintaining salary structures.
• Conduct market benchmarking to align compensation strategies with industry standards and internal equity.
• Provide consultative guidance to hiring managers on pay programs and job architecture standards.
• Manage and optimize the organization's job description database and salary architecture.
• Analyze compensation issues, develop solutions, and implement process improvements.
• Collaborate with stakeholders to ensure compliance with employment regulations and best practices.
• Contribute to HRIS-related functions and support organizational goals.
• Participate in salary surveys and prepare relevant data for analysis.

Key Responsibilities & Duties

• Monitor and refine salary architecture to ensure competitiveness and equity.
• Conduct market benchmarking and recommend salary band adjustments.
• Provide training and guidance to managers on compensation frameworks.
• Evaluate job classifications and recommend appropriate salary ranges.
• Maintain and update the job description database and organizational structures.
• Analyze compensation data and implement process improvements.
• Prepare and submit data for salary surveys and HR systems.
• Collaborate with HR teams to ensure compliance and effective communication.

Job Requirements

• Bachelor’s degree in Human Resources, Business Administration, or related field.
• Minimum of three years of professional experience in compensation or HRIS.
• Knowledge of compensation practices and employment regulations.
• Proficiency in Microsoft Excel and Office Suite.
• Strong analytical skills and ability to interpret and communicate data.
• Preferred certifications: CCP, SHRM-SCP/CP, or SPHR/PHR.
• Excellent organizational skills and attention to detail.
• Knowledge of quantitative and qualitative research methods.