Compensation Specialist

Pekin Insurance Pekin , IL 61555

Posted 3 weeks ago

Although the word "insurance" isn't beyond exciting, we know you'll find Pekin Insurance is truly "Beyond the expected" when it comes to your next career move. If you're ready to work with a team of professionals who actually live a core set of valuesand go home each night knowing you've made a difference, you've landed at the right place.

Position Objective

The Compensation Specialist is responsible for ensuring the company's compensation program enhances the company's ability to attract and retain talent. The individual in this position is also responsible for overseeing and maintaining the job descriptions and the compensation philosophy.

Responsibilities

  • Partner with hiring managers to understand job roles

  • Evaluates jobs utilizing the job analysis to determine essential job duties and minimum requirements; evaluates the organizational structure, employee utilization and internal/external benchmark comparators and makes a recommendation as to the appropriate pay range for the position.

  • Assist managers in preparing and maintaining job descriptions, job analysis, job evaluations and job classifications to define job levels and families

  • Benchmark positions against market and provide recommendations on salary offers and promotions

  • Conduct on-going compensation based research through available benchmark surveys to determine competitiveness

  • Assist in the development and delivery of total reward statements

  • Coordinate and prepare employee communications with regard to compensation

  • Research, analyze and organize salary data into meaningful data and presentation material, draw sound conclusions, and make appropriate recommendations

  • Consults with all levels of management on the administration and interpretation of Compensation programs, policies and procedures, and legal requirements

  • Serve as a back-up for payroll processing, bonus calculation, and special pay requests

  • Ensure company compliance with provisions of federal and state laws and regulations, including reporting requirements

  • Other responsibilities as assigned

Knowledge/Skills/Abilities

  • Excellent written, verbal, listening, and presentation skills

  • Ability to adapt to changing and new priorities

  • Excellent analytical and organizational skills

  • Good mathematical and statistical skills

  • Must be able to ask appropriate questions that uncover underlying issues

  • Ability to consistently meet daily, weekly and monthly deadlines

  • Strong knowledge of HRMS software

  • Ability to demonstrate objectivity in decision-making and the ability to maintain confidentiality of all employee data and matters

Education and Experience

  • Bachelors Degree in Human Resources or related field preferred

  • 5+ years related job experience required

  • Certified Compensation Professional (CCP) preferred

  • Understanding and application of U.S. laws and regulations, including FLSA

  • Previous HRMS experience is required, preferably Ultimate Software

  • Advanced Excel skills required

Working Conditions

  • Will work in a normal office environment with moderate noise levels

  • Periodic overtime when necessary to meet project deadlines

Company Perks

  • Onsite Low Cost Caf

  • Work Flex/Remote Work

  • Parental Leave

  • Paid Volunteer Hours

  • Employee Discounts on Auto & Homeowner's Insurance

  • Computer Loans

  • Onsite Discounted Massages

  • Company Sponsored Events

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Compensation Specialist

Pekin Insurance