Compensation Specialist

Bread Financial•Chadds Ford Township, PA

1d•Hybrid

About The Position

The Compensation Specialist participates in the design, implementation, and administration of compensation programs. This role involves compensation analysis, benchmarking, reporting, and problem-solving in support of those programs, as well as participation in compensation surveys and ad hoc benchmarking and market research. The Specialist also assists with the annual year-end process and may administer various reward and recognition programs and compensation software platforms enterprise-wide.

Requirements

High School Diploma or GED
5+ years experience in compensation analysis, with a demonstrated ability to handle complex analytical work
Compensation Modeling
Compensation Programs
Customer Service
Project Management Essentials
Incentive Plans
Labor and Employment Law
Workday Reports

Nice To Haves

Bachelor’s Degree Business, Finance, Psychology, Human Resources, or other related field
Certified Compensation Professional (CCP)

Responsibilities

Lead in-depth analyses of current compensation programs, identifying areas for improvement and alignment with market trends.
Provide strategic advice to HR and senior management on compensation-related decisions and policy development.
Oversee the collection, validation, and reporting of compensation data to support decision-making processes.
Conduct comprehensive market research to inform compensation strategy and maintain competitiveness.
Ensure all compensation practices comply with legal and regulatory requirements.
Assist in the development and administration of compensation programs, including incentive plans, reward and recognition programs, annual merit and incentive compensation cycle, and compensation vendor management.

Benefits

Bread Financial offers medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability) to eligible associates (regular full-time associates scheduled to work 30 hours per week or more) and their spouses/domestic partners, and child(ren) under the age of 26.
New associate elected coverage begins on date of hire (with the exception of disability coverage which has a 6-month waiting period).
Six weeks of 100% paid parental leave for eligible parents is available after a 180-day waiting period.
Hired associates can immediately enroll in Bread Financial’s 401(k) plan.
All associates receive 11 paid holidays.
Associates have discretion in managing their time away from work through the Flexible Time Off (FTO) program and may need to notify and receive approval from their manager prior to taking the time off.
Associates (except those located in Illinois) receive 80 hours of Paid Sick and Safe Time (“PSST”) upon hire and at the beginning of each subsequent calendar year.
Illinois associates receive 40 hours of Illinois PSST upon hire and at the beginning of each subsequent calendar year and 40 hours of Illinois Paid Leave upon hire and at the beginning of each subsequent calendar year.
Illinois Paid Leave must be used before associates in Illinois will be approved to take FTO.
Hired associates will be able to elect the purchase company stock during offering periods in June and December.
You will be eligible for an annual incentive bonus based on individual and company performance.