Compensation Supervisor supervises a team working on compensation plans and programs and related analysis. Oversees common compensation projects, including survey participation, job evaluation, salary structure development, incentive plan design, pay program administration and other associated initiatives. Being a Compensation Supervisor ensures that compensation plans and programs are consistent with organizational policies and all applicable federal and state laws. Maintains salary structures and company compensation policies. Additionally, Compensation Supervisor is responsible for survey participation and compensation analysis. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a manager. The Compensation Supervisor supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Compensation Supervisor typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)
Administers the organization's compensation programs, which may include wage or salary plans, incentive or commission plans. Conducts analysis and interpretation related to the organization’s compensation programs.
Essential Responsibilities & Expectations
• Evaluates the organizations jobs, documenting/creating responsibilities and requirements in job descriptions.
• Responsible for collaboration with hiring managers and executive team on job offers and offer letters.
• Analyze data and relevant market trends, develop salary structures and market pricing recommendations.
• Conducts market analysis of company jobs to determine competitive positioning of the organizations pay grades.
• Participates in preparation and administration of annual compensation process, including incentive, and merit increase process.
• Responsible for compensation survey software, monitor for discrepancies and updates needed to align with market changes.
• Participates in Performance Review process and strategy annually
Qualifications
Education
• Bachelor’s degree or related experience
Experience
• One to three years of experience as a compensation analyst required.
Skills and Competencies
• Extensive knowledge of quantitative and qualitative research methods.
• Extensive knowledge of human resource laws, regulations, and best practices.
• Excellent written and verbal communication skills.
• Excellent organizational and time management skills.
• Proficient with Microsoft Office Suite or similar software.
Job Training
• Microsoft Office
• Microsoft SharePoint
• Microsoft Dynamics AX
• PayScale
• UKG or other HRIS systems
Safety Summary
Working Conditions
Work is normally performed at a desk air-conditioned and heated, password- secured office.
Physical Requirements
• Speaking
• Listening
• Writing
• Typing
• Reaching
• Kneeling
• Grasping
• Stooping
Job Hazards
• Pushing and Pulling drawers, chairs, doors
• Trip hazards
• Electrical Hazards (Power cords, PCs, other electrical items.)
• Ergonomic hazards
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