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Senior Compensation Specialist
2 months ago
About the Role:
Mitsubishi Heavy Industries is seeking a highly skilled Senior Compensation Specialist to join our team. As a key member of our HR department, you will play a critical role in developing, implementing, and maintaining our company's compensation programs.
Responsibilities:
- Lead the analysis and administration of compensation programs, including base pay, incentives, equity, and executive compensation.
- Conduct market research and analysis to benchmark our compensation against industry standards.
- Collaborate with HR and business leaders to understand their needs and provide compensation solutions that attract and retain top talent.
- Ensure compliance with federal, state, provincial, and local compensation laws and regulations.
- Ensure compliance with Pay Equity laws and regulations where applicable and company's total rewards policies.
- Conduct job evaluation and market surveys in reviewing new positions and providing salary recommendations.
- Develop and present recommendations for compensation structure changes and adjustments.
- Manage compensation-related projects, including annual salary reviews, bonus programs, equity grants.
- Provide guidance and training to HR and management on compensation-related topics.
- Participate in salary surveys and analyze survey data to determine competitiveness of compensation.
- Keep abreast with industry trends and best practices through continuous learning and networking.
- Create and maintain compensation-related documentation, such as job descriptions, salary structures, and incentive plans.
- Assist with the development, preparation, and distribution of Total Rewards communication materials.
- Utilize compensation management software to analyze and report on compensation data.
Requirements:
- Strong knowledge of compensation practices and trends, job evaluation methodologies, and regulatory compliance.
- Experience with executive compensation and equity programs is a plus.
- Experience within aerospace services environment is a plus.
- Experience with Canadian and US legislations.
- Proficiency in Excel and compensation analysis tools and HRIS (Success Factor is a plus).
- Excellent analytical and problem-solving skills.
- Strong communication and presentation skills, with the ability to influence and engage stakeholders at all levels.
- Detail-oriented with a high degree of accuracy and ability to handle confidential information.
- Fluency in English and French (written and spoken) will be an asset.
