Compensation Specialist

New York Blood Center Inc•City of Rye, NY

6d•$85,000 - $95,000

About The Position

The Compensation Specialist serves as a key partner to HR and business leaders, supporting the design, analysis, and administration of compensation programs across the enterprise. This role provides analytical and operational support to ensure compensation decisions align with internal equity, market competitiveness, and organizational guidelines.

Requirements

Bachelor’s degree in human resources, Business, finance or closely related field
3 years of experience in Human Resources, with exposure to compensation.
Foundational understanding of compensation principles and practices
Knowledge of and experience with using Microsoft Excel with some exposure to formulas, pivot tables, and VLOOKUP.
Knowledge of the Hay Method Evaluation System.
Strong working knowledge of MS Office Suite and HR automated data systems, preferably(Workday, PeopleSoft) or a comparable system.
Knowledge of HR practices and principles including applicable pay.
Cultural competency and the ability to communicate effectively in a culturally sensitive manner with both individuals and groups from diverse backgrounds.
Strong analytical and problem-solving skills.
Effective written and verbal communication.
High attention to detail and data accuracy.
Ability to handle sensitive and confidential information with discretion
Ability to work independently and collaboratively across teams
Ability to interpret data and translate insights into recommendations
Ability to build effective working relationships across all levels
Any combination of education, training and experience equivalent to the requirements above that has supplied the necessary knowledge, skills, and experience to perform the essential functions of the job.

Responsibilities

Support the administration of compensation programs, ensuring alignment with enterprise compensation philosophy and pay practices.
Analyze and provide recommendations for new hires, promotions, transfers, and salary adjustments.
Partner with HR Business Partners to evaluate job classifications, reclassifications, and organizational structures.
Conduct job audits and support job description development and standardization efforts.
Assist in determining FLSA classification in alignment with regulatory guidelines.
Perform market pricing and benchmarking using survey data (e.g., Culpepper, Ratchford).
Prepare compensation analyses, reports, and dashboards to support business decisions.
Maintain and ensure integrity of compensation data within HRIS (e.g., Workday).
Monitor compensation trends and support ongoing program enhancements.
Support compensation cycle activities (e.g., merit planning, promotions, audits).
Provide guidance to managers on compensation-related inquiries.
Support vendor relationships and survey participation.
Prepare recurring and ad hoc compensation reports.
Support process improvement initiatives and documentation.
Participating in projects related to compensation programs and enterprise initiatives.
Attend relevant training, conferences, or seminars
Any related duties as assigned.