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Compensation and Benefits Specialist
3 months ago
The Compensation and Benefits Specialist will play a crucial role in investigating, assessing, and managing the organization’s compensation and benefits initiatives. This includes overseeing base salary structures, short-term incentive programs, conducting market research, ensuring compliance with relevant legislation, and optimizing existing programs. This position also serves as a resource for general inquiries related to the Human Resources Management System (HRMS) and contributes to the enhancement of reporting and analytics capabilities within the HRMS Business Intelligence tool. Reporting to the Total Rewards Manager, the Specialist will assist with various Total Rewards and HR projects as necessary.
KEY PERFORMANCE INDICATORS
- Employee satisfaction and engagement
- Effectiveness of program communication and education
- Efficiency in program administration and upkeep
PRIMARY RESPONSIBILITIES
Functional Responsibilities
- Oversee compensation initiatives, including the administration of quarterly and annual incentive plans and the annual salary review process. Serve as an administrator for the merit and bonus processes.
- Conduct research, complete market surveys, and perform job evaluations and compensation analyses.
- Support the continuous improvement of compensation programs; analyze outcomes, interpret compensation data, and provide recommendations to ensure competitive positioning in the market.
- Advise and educate HR colleagues on the organization’s Total Rewards policies and procedures.
- Act as the primary contact for compensation and benefits inquiries from business partners, offering guidance and support as needed.
- Participate in the review and revision of Total Rewards plans and policies to maintain accuracy and relevance. Manage Total Rewards content on internal platforms, collaborating with team members for updates.
- Provide assistance and training for employee inquiries related to the HR Management System.
- Support the management and administration of the HRMS.
- Utilize the BI reporting tool to enhance reporting and analytics capabilities that deliver valuable business insights.
- Collaborate with Total Rewards team members to manage the Total Rewards Inbox and escalate inquiries as necessary.
- Engage in HR/Total Rewards-related project initiatives as required.
- Perform additional duties as needed, including preparing ad hoc reports, dashboards, and presentations.
People Responsibilities
- Foster positive and productive relationships with peers.
- Collaborate effectively with team members and cross-functional partners.
- Support the Total Rewards Manager and work cohesively with other HR team members to achieve organizational objectives.
- Assist Total Rewards team members as needed.
Cultural Responsibilities
- Exemplify the organization's values and maintain a positive professional image.
- Embrace diverse perspectives and foster an inclusive environment.
- Encourage a culture of continuous learning and innovation, taking calculated risks without fear of failure.
- Champion and influence positive change within the team and the broader organization.
REPORTING STRUCTURE
Reports to: Total Rewards Manager
KEY RELATIONSHIPS
- Human Resources
- Finance
- Payroll
- Operations
- External vendors and consultants
Qualifications and Experience
- Minimum of 2 years of experience in Total Rewards.
- Bachelor's degree in Business Administration or a related discipline.
- Experience in retail is advantageous.
- Experience in administering Total Rewards programs, including Tier 1 support and HRMS experience.
Skills and Attributes
- Strong communication skills, including proficiency in written, verbal, and presentation formats.
- Excellent time management skills, with the ability to adhere to schedules and manage multiple processes effectively.
- Proficient in Microsoft Office Suite, particularly Excel, Word, and PowerPoint.
- Customer-oriented with the ability to manage competing priorities while achieving results.
- Experience with People Management Software (Ultimate Software is a plus).
Commitment to Diversity
At Indigo, we are dedicated to our communities, customers, and each other; together we can create a positive impact. We recognize that fostering diversity and inclusion unlocks full potential and cultivates a welcoming environment for all. We strive to be an equitable employer, valuing diverse backgrounds, experiences, and perspectives. We encourage applications from individuals who identify as Black, Indigenous, a person of color, LGBTQ2+, and those with disabilities. Accommodations are available upon request for individuals who self-identify as having a disability or special need.
