Compensation Specialist

Hydro One Networks Inc • Toronto, ON

6d • CA$89,250 - CA$115,500 • Onsite

About The Position

Hydro One is seeking an experienced Compensation Specialist with proven contributions in compensation management, job evaluation, and compliance and reporting. We’re looking for a strong collaborator with effective organizational skills, attention to detail, a thorough understanding of equity compensation plans, and experience/familiarity with equity management platforms and regulatory policies and procedures. The role administers employee equity programs, focusing on restricted shares units and employee share purchase plans, supports employees and partners with information about share plans and equity resources and builds and maintains effective relationships with partners across the organization. The role also develops and maintains compensation structures aligned with business goals and market competitiveness. The role conducts job evaluations, job matching, and market pricing using salary surveys and benchmarking tools, analyzes compensation trends, and provides recommendations to support retention, performance, and equity. Additionally, the role develops reports, dashboards, and analytics to support decision-making, monitors market trends, regulatory changes, and best practices in total rewards, and ensures compliance with pay equity, pay transparency, and applicable employment legislation. The ideal candidate will have highly developed interpersonal, customer and partnering skills along with effective communication, discretion, and problem-solving abilities.

Requirements

• Strong analytical and data analysis skills.
• Excellent communication (written/verbal) and interpersonal skills.
• Proficiency with HRIS, MS Excel, and data management.
• Knowledge of compensation principles and relevant laws.
• Detail-oriented with problem-solving abilities.
• Bachelor's degree in HR, Finance, or related field.
• Experience in HR/Compensation (often 3-5+ years).
• Proficiency in data analysis tools and techniques to interpret compensation data and identify trends.
• A strategic mindset to design and implement compensation programs aligned with organizational goals.
• Clear and effective communication skills for explaining complex compensation concepts to employees and presenting recommendations to senior management.
• Meticulous attention to detail in evaluating job positions, managing data, and ensuring legal compliance.
• Ethical judgment is crucial when making decisions related to compensation practices, ensuring fairness and equity.
• Flexibility and adaptability to navigate changes in compensation strategies, market trends, and legal regulations.
• Strong collaboration skills to work effectively with HR teams, finance professionals, and senior management.
• The ability to analyze complex compensation issues, identify solutions, and make informed recommendations.
• Bachelor's degree in human resources, business administration, or a related field.
• Strong analytical skills are essential for interpreting compensation data, conducting market research, and making data-driven decisions.
• Precision in evaluating job positions, managing compensation data, and ensuring legal compliance requires a high level of attention to detail.
• Effective communication is crucial for explaining compensation programs to employees, collaborating with HR teams, and presenting findings to senior management.
• Staying informed about employment laws and regulations is essential to ensure that compensation practices align with legal requirements.
• Focuses on designing and managing the base salary structure within an organization, ensuring internal equity and market competitiveness.
• Focuses on designing and managing compensation packages for top executives, including salary, bonuses, and stock options.
• Assesses and evaluates the relative value of different jobs within an organization, establishing a fair and consistent job hierarchy.

Nice To Haves

• Experience/familiarity with equity management platforms and regulatory policies and procedures.
• Professional certifications: obtaining relevant certifications such as Certified Compensation Professional (CCP) or Chartered Professional in Human Resources (CPHR) enhances the credibility and marketability of compensation specialists.
• Practical experience in human resources, with a focus on compensation and benefits, is crucial. Internships, entry-level HR roles, or specialized compensation internships contribute to developing the necessary skills.

Responsibilities

• Conduct market trend analysis, salary surveys, and cost analysis to benchmark compensation/benefits against competitors.
• Develop and implement salary structures, job grades, and incentive plans.
• Evaluate job descriptions to determine classification, exempt/non-exempt status, and salary levels.
• Advise HR Business Partners and managers on compensation-related issues and policy interpretation.
• Ensure adherence to federal, state, and local wage/hour laws.
• Manage compensation data, process pay transactions, and support benefits enrollment.
• Prepare reports and provide data for executive review and strategic planning.

Benefits

• Hydro One provides an extensive offering of programs to promote a culture of safety, wellbeing, inclusivity, and sustainability to enable our employees to be the best version of themselves.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level