Compensation Specialist Staff

Lockheed Martin • Bethesda, MD

397d • $105,000 - $197,800 • Remote

About The Position

The Compensation Specialist Staff at Lockheed Martin is responsible for analyzing market data and developing competitive compensation models that align with business objectives. This role requires a strategic thinker with strong analytical skills to ensure compensation structures are competitive and compliant with regulations. The position involves collaboration with HR and leadership teams to implement equitable pay practices and communicate compensation programs effectively across the organization.

Requirements

• Experience in compensation analysis, market research, and model development.
• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
• Proficiency in HRIS systems, data analysis tools, and Microsoft Excel (pivot tables, VLOOKUP, etc.).
• Experience with compensation survey platforms (e.g., Mercer, Radford).
• Strong understanding of labor laws, compliance regulations, and compensation frameworks.

Nice To Haves

• Master's degree in Human Resources, Business Administration, Finance, or a related field.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Analyze market data and conduct comprehensive market research and benchmarking to stay informed about industry compensation trends.
• Develop and implement competitive compensation models that align with business objectives and market trends.
• Collaborate with HR and leadership teams to design and implement equitable pay practices that drive business outcomes.
• Create compensation forecasts to assess the financial implications of proposed salary adjustments or new compensation programs.
• Ensure compliance with federal, state, and local regulations governing compensation programs.
• Maintain up-to-date salary structures, job grades, and pay scales that reflect market dynamics and internal equity.
• Communicate compensation programs and changes effectively across the organization, ensuring transparency and understanding.
• Use insights and analytics to inform business decisions, identify trends, and drive strategic conversations with stakeholders.

Benefits

• Paid holidays
• Disability insurance
• Health insurance
• Dental insurance
• Flexible spending account
• Paid time off
• Parental leave
• Employee assistance program
• Vision insurance
• 401(k) matching
• Flexible schedule
• Life insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Transportation Equipment Manufacturing
• Education Level: Bachelor's degree