What are the responsibilities and job description for the Compensation Specialist position at Synergy Interactive?
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
Salary : $85,000 - $110,000
