Compensation Specialist - Compensation/Benefits - Days

Under direction of the Compensation Manager, the Compensation Specialist is responsible for supporting the administration of compensation programs, maintaining confidential employee data, and ensuring accuracy using the human resources management system. The Specialist assists with researching, evaluating, documenting, and interpreting job requirements, job positions, job descriptions, and compensation databases. The Specialist performs benchmarking compensation activities related to maintaining competitive compensation levels that support the organization�s total reward philosophy, objectives, and practices. The Compensation Specialist documents and processes various administrative activities, and verifies employee data by auditing and preparing operational reports to support management in making decisions and solving problems.

• Assists with the maintenance and preparation of job descriptions, evaluations, and classifications
  
  
  
  • Supports the maintenance of job descriptions for each position in the organization; helps to ensure descriptions accurately reflect the work being performed by incumbents
  
  
  • Assists with researching and reviewing jobs for reorganizations, contractual reviews, and projects, including both job audit and evaluation; Documents job-specific findings and recommendations to contribute to a comprehensive project report
  
  
  • Supports the maintenance of job and compensation structures as well as job and position classifications
  
  
  • Working within HR systems and procedures contributes to group work to ensure all aspects of job creation are addressed in a timely manner i.e. creation of job code, posting of new and revised descriptions, etc.
  
  


• Assists in conducting salary and labor market research to define benchmarks
  
  
  
  • Benchmarks jobs against published survey data and other market intelligence to obtain and analyze market pay rates
  
  
  • Provides information to support recommendations on appropriate pay grade level; Reviews data within MHG context for internal equity; Prepares reports or summarizes information to contribute to a comprehensive project report
  
  
  • Conducts and participates in various salary and benchmarking surveys through the compilation and reporting of data to third-party survey providers
  
  
  • Assists with the preparation of summary reports of job analysis and compensation analysis information
  
  


• Maintains, processes, updates and audits HR data, ensuring data integrity
  
  
  
  • Processes various transactions and system changes in a timely manner, with a thorough understanding of the data and relationships amongst the various system workflows
  
  
  • Maintains and updates employee data ensuring accuracy and completeness; Researches, verifies, monitors, and tracks essential data elements for personnel files
  
  
  • Understands and communicates the importance of consistency, accuracy, and data integrity; Confirms integrity of data through various audit measures; Identifies areas of improvement to achieve data quality
  
  
  • Administers procedures, processes, and programs according to organizational policy; Responds to requests for information accordingly, maintaining an appropriate level of confidentiality
  
  


• Applies effective communication strategies in collaboration with the Compensation team
  
  
  
  • Reviews requests for classification review and assists with making classification/pay level determinations; This includes reviewing job questionnaires, conferring with HR Business Partners, evaluating jobs, and preparing written reports on findings; Communicates with stakeholders regarding the result of compensation work
  
  
  • Researches situations as they arise related to aspects of compensation to provide clarity for resolution in consideration of contract provisions, historical practices, similar situations, etc.
  
  


• Ensures that compensation practices are in compliance with current laws and regulations
  
  
  
  • Assists with the development and documentation of compensation practices and procedures to streamline processes and ensure compliance with regulatory requirements
  
  
  • Keeps abreast with new trends and best practices in the field
  
  
  • Maintains agreements related to employment and pay practices
  
  

Education:

• Bachelor's Degree in Human Resources, Business or another discipline directly related to this position

Experience:

• 1 year working in Human Resources, performing job, compensation, or data management or analysis. Relevant experience may substitute for the degree requirement, education may substitute for experience

Skills:

• Conducting research, analyzing information and data, and presenting findings in a concise format


• Preparing written reports for varied audiences


• Maintaining confidentiality


• Problem-solving; escalating problems to a higher level when warranted


• Utilizing computer technology used for communication, data gathering, and reporting