A Compensation or Benefits Specialist evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
Sr Compensation Specialist University of Massachusetts Medical School - 4.1 Worcester, MA Job Details Full-time $90,000 - $120,000 a year 10 hours ago Qualifications Project management tools HR legal compliance Employment & labor law Database management SharePoint Productivity software Excel data analysis
Full Job Description Overview:
POSITION SUMMARY
The Senior Compensation Specialist is responsible for supporting specific groups with compensation administration and implementation for UMass Chan's various compensation programs. This includes areas related to compensation requirements, including position redesign, job descriptions and evaluations, FLSA testing, salary administration and conducting compensation analyses. This position will assist in the implementation of compensation programs and help translate strategy into results. The Senior Compensation Specialist will support our compliance with relevant federal and state wage and salary laws and regulations. Perform financial/compensation modeling and analysis to support sound compensation decision-making.
Responsibilities:
ESSENTIAL FUNCTIONS
Responsible for the analysis and recommendations of job evaluations, salary administration and other related UMass Chan compensation programs. Perform analytical studies in a variety of compensation areas, such as internal and external equity, competitive pay practices, incentive compensation, and emerging trends. Review and recommend the approval of a variety of compensation actions such as promotions, above guideline job offers, off cycle pay increases, etc. Collaborates with the team to review job descriptions (Education & Experience, Skill Sets), job classifications, internal equity, market data, salary bands, etc. in the analysis and review of positions within the organization. Analyze a variety of compensation and employee data to assist managers in meeting the organization's needs. Educate and train managers in the process of conducting market analysis for new and existing roles and how MEPA is critical for our compliance. Collaborate with the Talent Acquisition team to support offers and ensure pay equity. Runs data reports to be used in preparing Compensation metrics. Other duties and responsibilities as required.
Qualifications:
REQUIRED QUALIFICATIONS
Bachelor's degree in business, Finance, Management or a relevant discipline or equivalent experience 5-7 years' experience with compensation programs and/or analysis work. Knowledge of federal and state wage and salary laws and regulations. Experience with databases for accessing compensation information and associated job descriptions. Strong ability to work independently and manage multiple priorities to deadlines. Strong Technical Skills (MS office - Word, Excel, Project, SharePoint, and PowerPoint) Strong interpersonal skills, ability to work with and present effectively to leadership, stakeholders and peers.
