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Compensation Specialist

Wichita, United States

Summary: This position will have a deep understanding of compensation principles, practices, and regulations, as well as hands-on experience in administering payroll processes accurately and efficiently. This role requires a meticulous approach to data analysis, exceptional organizational skills, and a commitment to maintaining the highest level of accuracy in compensation and payroll administration.

Key Responsibilities

Payroll Administration

Manage end-to-end payroll processing, ensuring accuracy and compliance with company policies and legal requirements.

Calculate and process salaries, bonuses, commissions, benefits, and other compensation components.

Validate time and attendance records, resolve discrepancies, and maintain accurate records.

Stay updated on relevant tax regulations, labor laws, and industry trends to ensure payroll compliance.

Compensation Analysis & Design

Collaborate with HR and management teams to develop, implement, and maintain compensation structures that align with company goals and industry benchmarks.

Conduct thorough job evaluations and market research to recommend competitive salary ranges for various positions.

Provide expertise in creating and modifying job descriptions to accurately reflect roles and responsibilities.

Compensation Planning

Work closely with HR and finance teams to develop annual compensation budgets and forecasts.

Support the design and administration of incentive and bonus programs to drive employee performance and engagement.

Assist in merit increase planning.

Data Analysis and Reporting

Compile and analyze compensation and payroll data to identify trends, anomalies, and opportunities for improvement.

Generate regular and ad-hoc reports to provide insights to HR and leadership teams for decision-making.

HRIS Administration

Serve as expert in maintaining and updating all HRIS information related to compensation and payroll, ensuring data accuracy and integrity in HRIS and payroll systems.

Develop and maintain functional expertise within all modules of the current HRIS and develop and/or publish training documents to the HR team and other supervisory personnel, as needed.

Facilitate the skill development for HR personnel in appropriate modules of the HRIS, as appropriate for their specific role.

Employee Communication

Act as a point of contact for employee inquiries related to compensation, payroll, and occasionally benefits.

Prepare and distribute clear and informative communications regarding compensation changes, payroll schedules, and relevant updates.

Required Skills & Education

Bachelor’s degree in Human Resources, Finance, Business Administration, or related field.

3+ years of proven experience in compensation analysis and payroll administration.

Strong knowledge of compensation principles, market trends, and relevant labor laws.

Proficiency in using HRIS and payroll systems.

Excellent analytical skills.

Knowledge of federal & state regulations pertaining to compensation and benefits.

Self-starter/high initiative to proactively identify opportunities and take the initiative to find solutions.

Multitasking: able to adapt to changing priorities and work on multiple projects, meeting deadlines.

Ability to maintain highly confidential information in a professional manner.

Strong professional and interpersonal skills and ability to work effectively as a member of the Human Resources team.

Strong verbal and written communications skills (able to compose and edit correspondence and communications).

Excellent organizational and prioritizing skills.

Very detail oriented, with a high level of accuracy and the ability to detect inconsistencies in data.

Excellent customer skills with the ability to interact with employees at all levels within the organization.

The above statements are intended to generally describe the nature and level of work to be performed by most people assigned to this job. It is not intended as an exhaustive list of all responsibilities, duties, and requirements.

Physical Requirements

This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 10 pounds on an occasional basis. Must be able to talk and listen to others. Frequently uses hands and fingers to handle or feel. Requires ability to see up close and distant, distinguish colors, peripheral vision, depth perception and the ability to adjust focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis.

Who we are

Equity Bank, a full-service, $6 billion multi-state community bank, is based in Wichita, Kansas, with over 80 bank offices throughout the Midwest.

At Equity Bank, you can find exciting opportunities to challenge you, expand your skills, and reward your contributions. Our employees receive competitive compensation and benefits, while working in an atmosphere that encourages personal and professional growth. We’re searching for motivated individuals who are passionate about serving others, learning new technologies, and working as part of a team.

Equity Bank offers a full range of financial solutions, including online and mobile banking, commercial loans, consumer banking, and mortgage loans, treasury management service, the best solutions for your business, and absolutely zero ATM fees, anywhere.

What’s in it for you?

We believe your benefits are an important part of your overall compensation package. We work year-round to ensure that we provide our employees with the most up-to-date, competitive program. We thoroughly evaluate our benefit plans and strive to provide quality benefits that support the physical and financial well-being of our employees and their families.

Benefits Available:

Health, Dental & Vision Insurance
Group Life & Long-Term Disability Insurance
Flexible Spending & Health Savings Accounts
Group Cancer Insurance
401(K) Retirement Plan w/ Company Match
Generous Vacation & Sick Time
Employee Stock Purchase Plan (ESPP)
Pet Insurance
Retail Banking Benefits

Find your future at Equity Bank!

Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

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