COMPENSATION SPECIALIST

GENERAL DESCRIPTION:

Provided professional guidance and support in the effective and consistent application of staff job classification and compensation administration policies and practices in accordance with applicable state and federal laws and regulations. Perform effective and consistent job evaluations and salary reviews, design and implementation of short term and long-term incentives, evaluation of organizational structures, among others. Evaluates and implements corporate-level compensation programs and initiatives. Provides advice and support to management, as appropriate, in the application of compensation management principles, guidelines, procedures, and best practices.

ESSENTIAL FUNCTIONS:

• Acts as a primary point of contact for coworkers and management, as appropriate, on job design, classification and reclassification, salary analysis, among other compensation programs, policies, and procedure.
• Prepares salary analysis for internal and external candidates, as needed.
• Function as a thought partner to the Supervisor/Total Rewards Director on ways to improve compensation programs and offers. • Performs job analysis and review of job descriptions for both existing and newly created positions utilizing job description software.
• Researches and analyzes competitive compensation practices in the job market; contributes to established compensation surveys and/or develops and implements custom surveys as appropriate.
• Reviews and oversees company’s salary structure and career ladder to ensure overall consistency and appropriateness of application, and compliance with established policies, procedures, and guidelines.
• Participate and support, as appropriate, in the evaluation, analysis and reporting of the Annual Promotion Cycle, Annual Compensation bonus payments (MICP, Non MICP, among other compensation initiatives).
• Assist management with organizational structure development, job design, and related concerns.
• Assists in the development, writing, editing, and modification of operating policies, guidelines, and procedures, as needed.
• Periodically update organizational charts ensuring changes are reflected in the Human Resources Information System.
• Evaluates, recommends, and designs special variable compensation plans and incentive programs, as needed.
• Participates in compensation and benefits data gathering for surveys.
• Maintain a thorough understanding of Company’s compensation programs and policies, and make recommendations to management aligned to market trends, to be competitive, as needed.
• Participate in compensation projects and audits, as needed.
• Must comply fully and consistently with all company policies and procedures, with local and federal laws as well as with the regulations applicable to our Industry, to maintain appropriate business and employment practices.
• May perform other duties and responsibilities as assigned, according to the requirements of education and experience contained in this document.

MINIMUM QUALIFICATIONS:

Education: Bachelor’s degree, preferably in Business Administration.

Experience: Three (3) years or more of proven work experience related to the duties and responsibilities specified. These duties are related with the administration of compensation programs, which includes: the administration of salary structures, perform job analysis and job evaluation, development of job descriptions, evaluation, and development of short- and long-term incentive compensation plans, and market analysis and salary surveys necessary, ideally in a rapid and complex changing work environment, in the healthcare Industry, preferable.

Certifications / Licenses: PHR/SPHR/GPHR or specific compensation certification is highly desirable.

Other: Fully proficient in Excel. Prior experience working with HRIS systems – ADP preferable. Must be able to comfortably format and analyze spreadsheets as well as create basic PowerPoint presentations.

Languages:
Spanish – Advanced (comprehensive, writing and verbal)
English – Advanced (comprehensive, writing and verbal)