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We are looking for a skilled Compensation Specialist to join our team based in Edison, New Jersey, this role will play a critical part in shaping and administering compensation programs that align with organizational strategies. The ideal candidate will possess strong analytical capabilities and deep expertise in compensation practices, ensuring compliance with laws and regulations while supporting the company's overall rewards strategy.
Job Responsibility:
Design, administer, and oversee governance for sales incentive plans that align with business objectives and comply with market standards
Conduct in-depth market benchmarking and compensation analyses to maintain competitive pay practices across various roles
Participate in compensation surveys, analyze collected data, and use insights to refine company compensation strategies
Develop and manage core compensation programs, including salary structures, incentive plans, and bonus frameworks
Assess job positions to establish appropriate salary levels based on market trends and organizational needs
Ensure compliance with federal, state, and local compensation laws and regulations
Collaborate with HR and leadership teams to formulate and implement effective compensation strategies
Create and present detailed reports on compensation metrics and trends to support decision-making
Provide analytical support and expert guidance to HR and management regarding total rewards programs
Develop communication materials and training resources to educate employees and HR teams about compensation and rewards initiatives
Requirements:
Bachelor's degree in Human Resources, Business Administration, or a related field
Minimum of 7 years of experience in compensation or related HR roles
Exceptional analytical and problem-solving abilities
Strong communication and interpersonal skills
Comprehensive knowledge of compensation laws and regulations
Proven expertise in designing and managing compensation programs and incentive plans
Familiarity with total rewards strategies and their implementation
Nice to have:
Certification in Compensation is preferred but not required
What we offer:
medical, vision, dental, and life and disability insurance