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Compensation Specialist – Human Resources

Compensation Specialist – Human Resources

CompanyMonument Health
LocationRapid City, SD, USA
Salary$65020.8 – $81286.4
TypeFull-Time
DegreesBachelor’s
Experience LevelJunior

Requirements

  • Assist with the design, development, implementation, and administration of the compensation and retirement programs for Monument Health
  • Conduct compliance audits, perform evaluative analysis and prepare executive summary presentations of data
  • Assure through audits, reports, and personal contact that the compensation and retirement programs are consistently administered in compliance per policy, past practice, and government regulations
  • Assist with job evaluation methodologies, job descriptions, and market analysis
  • Act as the primary resource for the pension and 403b programs at Monument Health

Responsibilities

  • Assists in the development and administration of the compensation program for Monument Health, ensuring the organization’s compensation objectives are achieved
  • Researches and provides advice regarding interpretation and application of Human Resource compensation policies and procedures, Fair Labor Standards, Corporate Compliance, and other labor relations activities
  • Assists with analysis of competitive practices relative to base, merit, and incentive compensation strategies to ensure market competitiveness is consistent with policy and philosophy
  • Supports the Compensation Consultant(s) and Manager with the market adjustment process
  • Pro-actively initiates salary surveys and helps maintain compensation related software
  • Learns how new position classifications and reclassifications are completed and assists as needed to ensure appropriate pay range is assigned
  • Maintains the retirement plans for Monument Health
  • Assists employees with questions and concerns with pension and 403b plans
  • Provides assistance with special projects and reports

Preferred Qualifications

  • Bachelors Human Resources and/or Related Field
  • 1+ years HR experience