Compensation Specialist – Boston, Hybrid
A successful medical insurance company located in Boston is looking for a Compensation Specialist to join their growing team! As the Compensation Specialist, you will be an expert in all things compensation, including compiling data/reports, compliance, policy & procedure development, research and communication. This candidate must have 5+ years of strong compensation experience, in addition to advanced knowledge of excel and excellent communication skills.
Responsibilities:
- Conduct market analysis to ensure competitive salary structures and total compensation packages
- Design, implement, and maintain compensation programs, including base salary, bonuses, and incentive structures
- Lead annual merit and bonus planning cycle to ensure compensation is equitable, consistent and accurate by effectively presenting complex compensation data and insights to diverse audiences, facilitating informed decision-making and strategic alignment
- Analyze and review compensation data, identify trends, and provide recommendations to leadership
- Serve as backup to HR Administrator for bi-weekly payroll processing in collaboration with Finance and performs spot checks to ensure accuracy
- Participates in year-end payroll process
- Supports Senior HR Manager with benefits administration and annual open enrollment benefits cycle by participating in benefit strategy discussions, supporting online enrollment and employees
Qualifications:
- BA/BS degree with a focus on HR
- 5+ Years of Compensation experience
- In depth understanding of compensation structures, job evaluation, and salary surveys
- Understanding of federal and state regulations impacting compensation and benefits
- HRIS, and/or payroll experience required
- Advanced knowledge of Microsoft Excel
This opportunity is onsite twice/month and will offer up to $120,000 on a base + bonus. For immediate consideration, qualified and interested candidates should reach out directly to Kelly Hanlon at [email protected].
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