Compensation Specialist

Job Overview

As a Compensation Specialist, you are responsible for the administration, guidance, and coordination of the company’s compensation programs and related policies. You will administer and maintain compensation-related surveys and market data, and provide advice, training, and support to the HR team and other managers on compensation management principles, guidelines, procedures, and best practices.

PRIMARY DUTIES:

• Assist in the creation and maintenance of formal corporate compensation structure and plans, including incentive, commission, and bonus structures.
• Conduct market analysis of pay grades and ranges as needed utilizing nationally recognized and statistically validated salary surveys and comparable industry data when applicable; participate in nationally recognized salary surveys.
• Provide training and instruction to HR team and field leadership in the day-to-day application of compensation programs, policies, and procedures.
• Collaborate with HR Business Partners in the analysis and review of job classification and reclassification requests; quality controls the job classification process for both existing positions and newly created positions, and performing job audits as appropriate.
• Research and analyze competitive compensation practices in the job market; contribute to established compensation surveys, and/or develop and implement custom surveys as appropriate.
• Evaluate job descriptions to accurately benchmark (internally and externally) and price roles in the organization.
• Maintain and update compensation databases; consult with HR systems analysts regarding problems with programming and data integrity; make recommendations for system enhancements.
• Maintain compensation, incentive, and bonus plan documents, including revision tracking.
• Assist and collaborate in the planning, coordination, facilitation, administration, and reporting of the annual salary reviews for merit pay.
• Remain informed and current on state and federal employment laws related Wage & Hour and other compensation-related regulations and laws.

QUALIFICATIONS:

• ​Bachelor's Degree in Human Resources, Business, or related field.
• 5+ years of experience and/or training related to compensation management.
• Ability to apply principles, methods, and techniques of human resources administration related to the area of compensation.
• Interest in analyzing data with the ability to see beyond the numbers to drive strategy.
• Ability to perform HRIS reporting, data maintenance, and configuration.  Workday experience preferred.
• Ability to make administrative and procedural decisions and judgments on sensitive, confidential issues.
• Knowledge of job analysis and job evaluation principles, methods, and procedures.
• Ability to devise, design, and implement customized compensation surveys.
• Knowledge of labor laws, such as the Fair Labor Standards Act, and other federal and state wage and salary laws regulating employee benefits, compensation and privacy standards.

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Total Rewards and Benefits

Crescent Electric's compensation package includes an array of top-tier benefit options, including: 

• Eligibility for health,  and dental, vision coverage, 401(k) plan, and flexible spending accounts, subject to plan terms.
• Eligibility for company-paid benefits such as life insurance, short-term disability, long-term care, and Employee Assistance Program, subject to applicable waiting periods.
• Excused Absence time off and Paid Time Off (PTO).
• Company-paid holidays.
• Other benefits for which you may be eligible includes supplemental life insurance, hospital indemnity, and accident and critical illness benefits with cancer coverage.
• Eligibility: Employees are eligible for health, dental, vision, and life insurance benefits on the first of the month following 30 days of employment. Employees who are 21 years of age or older will be automatically enrolled in the company’s 401(k) plan once they achieve 90 days of employment.

Family Owned. Culture of Quality. Opportunities to Advance.

Crescent is transforming and we are on a mission to power the communities we serve through teamwork and relentless customer focus. We have a vision of uncompromising teamwork committed to becoming the industry leader for our employees, suppliers, and shareholders. At Crescent, you will have the opportunity to develop professionally, grow personally and have the flexibility to balance your life's priorities. Let's serve together. Let's power our communities together. Let's become THE industry leaders...together.

Crescent Electric Supply is proudly an Equal Opportunity Employer. Crescent Electric Supply does not discriminate on the basis of age, color, race, national origin, gender, religion, marital status, disability, veteran, military status, sexual identity or expression, sexual orientation, or any other basis prohibited by local, state, or federal law. Veterans and military spouses are highly encouraged to apply. We recognize and value the unique strengths of the military community in supporting our mission to serve those who have served. Candidates are subject to pre-employment assessments, Motor Vehicle Record review, criminal background checks, references check, and a post-offer drug screen.