Compensation Coordinator

Compensation Coordinator

Belfast Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Support compensation programs through analysis, reporting, and project management.
  • Company: Join a dynamic firm focused on innovative compensation strategies and employee satisfaction.
  • Benefits: Enjoy competitive pay, flexible work options, and opportunities for professional growth.
  • Why this job: Be part of a team that values service excellence and drives impactful change in compensation practices.
  • Qualifications: Bachelor’s degree in business or HR; experience in compensation analysis preferred.
  • Other info: Ideal for detail-oriented individuals who thrive in fast-paced environments.

The predicted salary is between 36000 - 60000 £ per year.

The Compensation Specialist will provide analytical and project management support for the Firm’s compensation programs. This includes participating in compensation surveys, analyzing market data and job descriptions, producing reports, and participating in departmental projects to support the Firm’s compensation strategy. Responsibilities: Provide strong consultative guidance, analysis, reporting, market practices, and clarification of policies to managers Lead the compensation survey process, working with HR colleagues, business leaders, and survey providers to ensure accurate job matches are made Study and analyze market data and trends to assist in the determination of salary and job grades to support the Firm’s compensation strategy Produce standard periodic and ad hoc reporting for other functional departments including but not limited to Finance, Technology, Business Development, Inclusion and Diversity, and Professional Services Track key issues, practices, and trends in compensation by participating in industry groups, conducting benchmarking studies, and gathering market intelligence from internal and external recruiters Support the ongoing development of Firm-Wide compensation practices, policies, and processes Collaborate with the recruiting team to develop competitive compensation offers for new hires Support the annual compensation review process of C-Suite executives working with team leadership to ensure accurate and current benchmarking data is available Know and follow the policies and procedures of the Firm, share information that would benefit other members of the team, and find ways to improve the delivery of service to our customers Strive to continually strengthen the Firm’s business philosophy of meeting needs and exceeding expectations for customers specifically supporting the team\’s commitment to service which involves doing what’s right for our customers, and focusing on strategies that add value and support growth Maintain and safeguard sensitive and confidential information at all times they have access to Develop solid working relationships with individuals both internally and externally to strengthen the compensation and human resources efforts throughout the Firm Skills and Experience: Education equivalent to a bachelor’s degree in business or human resources A good amount of prior experience in compensation analysis with a basic understanding of survey submission procedures and job matching Prior human resource-related work experience in employee relations, benefits, recruiting, and HR systems is preferred Strong working knowledge of PC applications including an advanced understanding of Word, Excel, PowerPoint, and Outlook A basic understanding of relational databases and human resources management systems is preferred Strong computer typing skills with a high degree of data accuracy Strong attention to detail Strong interpersonal skills with the ability to communicate effectively in person and over the phone Solid written and verbal communication skills with the ability to communicate to multiple audiences and purposes Strong appreciation for the retention and management of confidential information Ability to work in a fast-paced environment and handle multiple requests simultaneously Strong problem-solving skills with the ability to create alternative solutions Strong listening and evaluating skills Strong organizational and project management skills Previous work experience as a member of a team, or a strong understanding of the importance of open communication and information sharing between team members #J-18808-Ljbffr

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Contact Detail:

Baker McKenzie Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Compensation Coordinator

✨Tip Number 1

Familiarise yourself with the latest trends in compensation analysis and market data. This will not only help you understand the role better but also allow you to engage in informed discussions during interviews.

✨Tip Number 2

Network with professionals in the HR and compensation field. Attend industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities at StudySmarter.

✨Tip Number 3

Prepare to discuss your experience with compensation surveys and job matching processes. Be ready to share specific examples of how you've contributed to similar projects in the past, as this will demonstrate your capability for the role.

✨Tip Number 4

Showcase your analytical skills by being prepared to discuss how you approach data analysis and reporting. Highlight any tools or software you’ve used, especially Excel, as this is crucial for the Compensation Coordinator position.

We think you need these skills to ace Compensation Coordinator

Analytical Skills
Project Management
Compensation Analysis
Market Data Analysis
Report Production
Consultative Guidance
Attention to Detail
Interpersonal Skills
Communication Skills
Data Accuracy
Confidentiality Management
Organisational Skills
Problem-Solving Skills
Team Collaboration
Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
Understanding of HR Systems and Databases

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in compensation analysis and project management. Use keywords from the job description to demonstrate that you meet the specific requirements of the Compensation Coordinator role.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of compensation strategies and your analytical skills. Mention specific experiences where you've successfully contributed to compensation projects or analyses, and explain how these experiences make you a great fit for the role.

Showcase Your Skills: In your application, emphasise your proficiency with PC applications like Excel and your attention to detail. Provide examples of how you've used these skills in previous roles, particularly in relation to data analysis and reporting.

Highlight Team Collaboration: Since the role involves working closely with HR colleagues and business leaders, include examples of past teamwork experiences. Discuss how you’ve effectively communicated and collaborated with others to achieve common goals, especially in a fast-paced environment.

How to prepare for a job interview at Baker McKenzie

✨Know Your Compensation Fundamentals

Make sure you have a solid understanding of compensation analysis, market data trends, and job matching procedures. Brush up on your knowledge of industry standards and be ready to discuss how you can apply this knowledge to support the firm's compensation strategy.

✨Showcase Your Analytical Skills

Prepare to demonstrate your analytical abilities by discussing past experiences where you've successfully analysed data or produced reports. Be specific about the tools you used, such as Excel, and how your insights contributed to decision-making.

✨Emphasise Team Collaboration

Highlight your experience working in teams, especially in HR or compensation-related projects. Discuss how you’ve collaborated with colleagues to achieve common goals, and be prepared to share examples of how you’ve communicated effectively with different stakeholders.

✨Demonstrate Attention to Detail

Since the role involves handling sensitive information and producing accurate reports, be ready to discuss how you ensure accuracy in your work. Share examples of how your attention to detail has positively impacted your previous roles.

Compensation Coordinator
Baker McKenzie
B
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