What are the responsibilities and job description for the Compensation Specialist position at Thrivent Financial?
Description
Contributes to the design, testing & implementation of compensation solutions that support and are aligned with the organization’s business strategies and Compensation Philosophy. Provides analytical, operational and research support to compensation initiatives. Supports Compensation team as they work with leaders, HR Business Partners, and employees. Maintains and improves infrastructure necessary to deliver compensation solutions.
Plays a support role in the administration of one or more compensation programs/activities such as: annual incentives, long-term incentives, annual merit process, base pay Market Reference Ranges, market pricing or executive compensation.
Plays a lead role in driving activity and results for Thrivent’s employee recognition platform.
*This position can sit remote in the US
Job Duties and Responsibilities
Supports efficient and effective delivery of compensation solutions to HR Business Partners, leaders, and employees.
Creates communication content and strategies. Ensures all content on company intranet and other internal sources are kept current.
Provides ongoing analytical support and maintenance for “behind the scenes” compensation solutions/activity such as: job code maintenance and requests, MarketPay, Market Reference Ranges, geographic differentials, job evaluations, salary survey submission, and other as needed.
Provides reports and insights during key cyclical processes such as merit, long-term incentives, and annual incentives, and reports on other compensation initiatives during throughout the year. Gathers and analyzes internal and external data, designs scorecards, and assists with identifying success metrics.
May have divisional face-off(s) and deliver compensation solutions to employees through HR Partners and/or leaders.
Required Job Qualifications
Bachelor’s degree – in accounting, finance, business or human resources
Minimum of 2 years’ experience in Compensation or similar field such as Finance or Accounting preferred
Demonstrated expertise in collecting, organizing and interpreting data
Technology experience that can be applied to working with HR technology (e.g., Workday, payroll systems, market pricing software, salary survey applications)
Ability to effectively handle highly confidential compensation and other human resource information
Other Critical Factors
Sound knowledge of compensation concepts preferred.
Pay Transparency
Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $72,505.00 - $98,097.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.
Salary : $72,000 - $98,000