What are the responsibilities and job description for the Compensation Specialist position at IPC Systems, Inc?
IPC is a fintech company that focuses on the human element. Having global presence, we support local markets with cutting edge cloud-based trading communications and managed connectivity.
Through our portfolio of communications and connectivity solutions, we focus on solving business challenges and adapting to regulatory changes in the fast-paced global financial markets. This enables our clients to maintain consistent market access, a strong competitive advantage, and enhanced operational efficiency.
At IPC, we are committed to attracting, nurturing and promoting diverse talent across our workforce and fostering a sense of belonging within our employee family. We don't just accept differences - it's one of our core values. We recognize that diverse teams make the strongest teams, and we encourage people from all backgrounds to apply.
Come be part of the new team that delivers ground-breaking products for our clients.
www.IPC.com
TITLE : Compensation Specialist
DEPARTMENT : HR
REPORTING TO : Director, People Analytics, Compensation and Data
OFFICE LOCATION : New York, NY
TYPE : Contract to Hire; Full Time; Hybrid
Overview of the Team
The People Analytics, Compensation and Data team manage and oversee all global compensation programs across every IPC function in alignment with our vision and objectives. In close partnership with the Global HR team and the business, the team drive systems, processes, and ways of working that enable operational excellence for our teams and data-driven decision making for our leaders.
The People Analytics, Compensation and Data team govern all variable compensation plans, including the commissions plans for our Sales Organization.
Role Overview :
The Compensation Specialist role at IPC involves a comprehensive range of responsibilities related to the compensation experience. This includes the design, implementation, documentation, reporting, and management of IPC's compensation plans.
In this role, you will :
- Engage with multi-department stakeholders and leadership to understand the philosophy and commercial reality of the business, our solutions, and our compensation plans
- Collaborate with the Sales Commissions task force to implement any amendments to the plans and clarify any grey areas
- Provide recommendations and drafts on commission plan amendments
- Conduct thorough investigations on any open questions from the business and / or sales team
- Draft recommendations, process, and policy improvements in the areas of performance and compensation
- Maintain a close eye on new products and partnerships and implement these in the commissions plans and other performance and compensation instruments
- Update a mid to long-term view of the career progression of our salesforce and their compensation plans and targets
- Together with the Commissions task force, launch updated compensation plans at the beginning of each financial year
- Ensure IPC's compensation policy is competitive to the external market and being attentive to changes
- Own the Variable Compensation Plans including : Sales Commission PlansManagement Bonus PlanOvertimeSpot Bonus ProgramRetention Bonus ProgramHealth and Safety Bonus ProgramISO Bonus Program
- Enhance and contribute to people analytics reports and products, assist with system upgrades and reporting, and support other areas of responsibility, including : Performance management and evaluationFixed and variable compensation plans and reportingBenchmarking and competitor intelligenceCompensation assessments and analysisAssisting with the design, implementation, and management of systems, processes, and ways of workingProviding ad-hoc data analysis support to the team and leadership
Essential Skills and Experience to be Successful in this Role :
Desired Skills and Experience :
What’s in It for You?
At IPC, your compensation is only part of the package. We are committed to investing in a range of programs and initiatives to improve the overall experience of our employees.
In addition to a collaborative, high-performing team environment, we’re pleased to offer benefits including :
Additional Information :
At IPC, we believe that hybrid working creates an inclusive, flexible environment where employees can perform at their best, and teams can collaborate, innovate, and celebrate successes together. We spend around 60% of our time in the office and around 40% of our time working remotely. Some employees may be required to work from the office or client sites more than 60% of the time, if required by their role and / or client needs.
Your precise work schedule will be determined by you and your Line Manager before commencement of employment with IPC.
IPC’s Work Culture :
The IPC work culture is one that fosters inclusion, prioritizes innovation, and maximizes potential. We are a global ecosystem, full of diverse people that together made IPC what it is today.
Our strength as an organization is the sum of our different backgrounds, perspectives, skills and geographies; supported by an ironclad commitment to constructive dialogue and open-mindedness.
We live and breathe our commitment to innovation by embracing bold ideas, seizing new opportunities and striving for excellence. Our people have continued to deliver ground-breaking solutions to our clients for over 50 years.
