Compensation Specialist Jobs

The Compensation Analystwill play a vital role in developing and overseeing compensation structures to optimize hiring and maximize employee retention. As a Compensation Analyst, you will analyze employee compensation packages and position responsibilities to ensure the company remains competitive in terms of salaries and employee benefits.

Key Responsibilities:

• Plan and communicate best practices for hiring, training, compensating, and evaluating employees.
• Collect data from compensation surveys and analyze market trends.
• Perform other related duties as assigned.
• Manage and set company salary ranges to attract and retain top talent.
• Prepare and maintain accurate job descriptions for each position within the organization.
• Collaborate with the HR team on company initiatives.
• Lead the annual companywide merit and bonus process.
• Prepare and present summary reports of job analysis and compensation analysis information.
• Conduct interviews and surveys with employees and managers to gather job-related information.
• Evaluate and implement job analysis instruments and materials.
• Assess jobs and determine their classification as exempt or nonexempt, and set appropriate salary ranges.
• Benchmark jobs against market data and other relevant sources.
• Maintain HRIS database and HR dashboard, including monthly and annual reporting.

Position Requirements:

• Experience: 2-4 years of experience as a compensation analyst.
• Education: Bachelor's degree in Human Resources or a related field.