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Compensation specialist skills for your resume and career
15 compensation specialist skills for your resume and career
1. Human Resources
Human resources is a set of people in a business or a corporation that are designated to locate, interview, and recruit new employees into the company. They are also responsible to maintain the integrity of the employees and help them sort their problems out. They try to introduce and manage employee-benefit programs.
- Designed and administered the annual variable pay program; included financial modeling and communication to leadership and human resources business partners.
- Streamlined data management process and automated communication across human resources function by standardizing and automating internal processes and practices.
2. Compensation Programs
Compensation programs are the complete packages that detail an organization's employees' salaries, wages, benefits, and terms of payments. Compensation plans may also detail increases for years of service and scheduled raises.
- Completed audit and update of compensation program beginning 2000 to further develop, evaluate effectiveness, and assess market competitiveness.
- Managed and administered corporate domestic and international compensation programs and providing compensation support for world headquarter employees in Chicago.
3. Customer Service
Customer service is the process of offering assistance to all the current and potential customers -- answering questions, fixing problems, and providing excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.
- Provided exemplary customer service to internal and external customers by servicing accounts through resolving issues and making any necessary compensation adjustments.
- Handled Georgia McDonalds Self-Insured Fund and California Burger King Program including all customer service issues regarding policy activity and financial audits
4. HRIS
- Developed the organization s job coding structure for all non-union roles and collaborated with HRIS to electronically implement the program organization-wide.
- Conducted HRIS audit and quality assurance to ensure data integrity and accuracy.
5. Data Analysis
- Completed the external research data analysis, modeling and proposed recommendation for company-wide annual merit increase budget.
- Participated in salary surveys and compiled market data analysis for Executive Management.
6. FLSA
- Evaluated FLSA status and appropriate salary structure positioning.
- Maintained internal Access database with all employee information Conduct Desk Audits to ensure that job duties are compliant with FLSA requirements.
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Payroll is the sum of all the compensation that an organization has to pay to employees at a specified time. Payroll is managed by the finance or HR department while small business owners may handle it themselves. Payroll isn't fixed as it varies every month due to sick leaves, overtime, etc.
- Documented and corrected any incentive/commission adjustments and updated files and notified payroll accordingly.
- Performed all payroll and employee benefit related account reconciliations against the general ledger.
8. Market Analysis
- Conducted market analysis as needed for client companies and consultants, including development and completion of customized compensation surveys as needed.
- Performed external market analysis based on survey results; analyzed results and their impact on the organization, recommended compensation actions.
9. Salary Surveys
- Conduct community and industry wage and salary surveys and research for the purpose of determining competitive compensation levels.
- Conducted and analyzed exempt and nonexempt salary surveys, and researched various job evaluation system options for installation.
10. Compensation Policies
- Assisted in the delivery of education programs for managers and recruiters to enhance understanding of compensation policies and procedures.
- Conducted special projects and studies regarding the development and standardization of compensation policies and practices.
11. Market Data
Market data is the general term used in relation to financial information required for research, analysis, trading, and accounting of financial instruments of all asset classes in global markets. Market data enables traders and investors to see the latest price and historical trends for various assets, and how to enter and exit trades.
- Used market data to provide compensation recommendations for individual positions across the firm.
- Analyzed market data to recommend salary agreed internal and external equity.
12. Compensation Data
- Design industry-specific compensation questionnaires and verify data submitted by clients before it gets finalized and entered into global compensation database.
- Create and present communications materials and analyze compensation data to make recommendations to management in support of business decisions.
13. Compensation Surveys
- Reviewed and analyzed external published compensation surveys and recommended updates to internal salary structure and / or practices when appropriate.
- Conducted and participated in compensation surveys and internal equity audits ensuring equitable and fair treatment both internally and externally.
14. Compensation Analysis
- Provided compensation analysis at the person-to-person, job-to-job, office-to-office, and Firm-to-market levels to ensure equity and competitiveness.
- Job evaluation and compensation analysis of jobs up through Curator
15. OSHA
- Provide administrative oversight to employee's Workers Compensation claims to ensure compliance with OSHA record keeping coding and corporate claim guidelines.
- Complete all OSHA logs and track all lost time and restricted days - 8 separate locations in different states.
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Elisha Blankson
Program Director NCCU, Assistant Professor, North Carolina Central University
List of compensation specialist skills to add to your resume
The most important skills for a compensation specialist resume and required skills for a compensation specialist to have include:
- Human Resources
- Compensation Programs
- Customer Service
- HRIS
- Data Analysis
- FLSA
- Payroll
- Market Analysis
- Salary Surveys
- Compensation Policies
- Market Data
- Compensation Data
- Compensation Surveys
- Compensation Analysis
- OSHA
- Workers Compensation Claims
- Compensation Issues
- Executive Compensation
- TPA
- Salary Administration
- Performance Management
- Salary Structure
- Data Integrity
- Claims Management
- Compensation Process
- FMLA
- Compensation Benefits
- State Laws
- PeopleSoft
- Medical Terminology
- Internal Equity
- Collective Bargaining
- ADP
- Insurance Carriers
- Medical Bills
- Medical Reports
- Incentive Programs
- Claims Handling
- Salary Increases
- CPT
- Salary Adjustments
- Compensation Support
- Merit Increases
- Compensation System
- Bonus Programs
- Compensation Cases
- Compensation ACT
- Medical Treatment
Updated January 8, 2025
