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Compensation Specialist II

Location: 

White Plains, NY, US

Summary

 

Responsible for assisting with the planning and design and implementation and administration of compensation programs that attract, retain, motivate and reward employees while ensuring internal equity, external competitiveness and compliance. Provides support and administration of compensation programs, including salary programs, annual compensation review; compensation analyses; benchmarking of roles; maintaining and updating position descriptions, and conducting job evaluations.  Maintain knowledge of trends and legislative issues affecting compensation.

Responsibilities

  • Support the implementation of the Authority’s compensation philosophy, strategy, policies, and programs.
  • Recommend changes to compensation policies & procedures.
  • Administer the annual compensation review process including:  market pricing, review of job title and description.
  • Administer annual merit increase program, coordinating data with HRIS and management; ensuring adherence to policy and generating summary reports for senior management.
  • Administer additional compensation programs (stipends, incentive pay, etc.) ensuring adherence to policy and generating summary reports for senior management.
  • Review changes in wages and salaries for conformance to policy.
  • Evaluate positions and application of existing classifications to individuals.
  • Conduct job evaluations for salaried, hourly, middle, and top management positions for assigned business units.
  • Handle new or changed position requests which fall outside of the annual compensation review process for assigned business units.
  • Coordinate and participate in annual salary and pay practices surveys.  Consolidate information for submission to assigned surveys and follow up on requests from provider.  Provide overview of market trends and best practices from various survey sources.
  • Counsel and communicate with managers and staff on compensation policies and procedures to ensure smooth operation of compensation initiatives.
  • Supports other members of the Human Resources team as needed to complete projects and keep others informed.

Knowledge, Skills and Abilities

  • Knowledge of compensation, performance, motivation, and rewards programs
  • Knowledge and experience participating in compensation salary surveys
  • Strong analytical and quantitative skills.
  • Good research skills in a variety of medium to remain up to date on compensation surveys, trends, and laws.
  • Current knowledge of human resources areas required (including: Federal and state employment laws, FLSA, ADA, EEO, compensation, etc.)
  • Good written, verbal and presentation skills required.
  • Strong Excel skills required. 
  • Knowledge of and experience in using Microsoft office programs (Word, Power Point, Outlook, Access). 
  • SAP Personnel and SuccessFactors Compensation Module experience preferred.
  • Familiar with compensation survey management tools required, Kenexa’s CompAnalyst preferred.
  • Ability to work with all levels of the organization.
  • Good organizational and time management skills required. 
  • Demonstrated flexibility and ability to handle multiple tasks simultaneously.
  • Strong attention to detail required.
  • Ability to observe confidentiality required.

Education, Experience and Certifications

  • Bachelor’s degree.
  • Minimum seven (7) years experience working in a compensation role required.
  • Certified Compensation Professional (CCP) designation preferred.
  • Experience with technical industry preferred.
  • Experience as HR generalist or working with multi-site setting preferred.

Physical Requirements

  • Ability to sit at a desk and use a computer and telephone.
  • Minimal travel primarily within NY State.

 

The New York Power Authority is an Equal Opportunity Employer                       

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Nearest Major Market: White Plains
Nearest Secondary Market: New York City

Job Segment: Equity, ERP, HR, Compensation, Technology, Finance, Human Resources, Research