What are the responsibilities and job description for the Compensation Specialist position at XCUTIVES Inc.?
Compensation Specialist - Edison, NJ
The Compensation Specialist will be responsible for developing, implementing, and administering compensation programs that align with the company's strategic goals.
This role will be part of Total Rewards team and involves analyzing compensation data, ensuring compliance with regulations, and providing guidance on compensation-related matters.
The role will also require working on core compensation activities, sales incentive plans, and pay models.
Key Responsibilities:
- Design and manage core compensation programs, including salary structures, incentive plans, and bonus schemes.
- Conduct market research and analysis to ensure competitive compensation packages.
- Evaluate job positions and determine appropriate salary levels.
- Ensure compliance with federal, state, and local compensation laws and regulations.
- Collaborate with HR and management to develop and implement compensation strategies.
- Prepare and present reports on compensation trends and metrics.
- Provide guidance and support to managers and employees on compensation-related issues.
- Participate in compensation surveys and analyze survey data to benchmark company compensation practices.
- Provide analytical support and guidance to HR and management on Total Rewards related matters.
- Develop and deliver communication materials to educate employees & HR about total rewards programs.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, or related field.
- 7 years of experience in compensation or related HR roles.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Knowledge of compensation laws and regulations.
- Certification in Compensation (CCP) is a plus.
Salary : $80,000 - $120,000
