
Senior Compensation Specialist
- Etobicoke, ON
- $85,000-103,200 per year
- Permanent
- Full-time
- Provide insight and effectiveness analysis to all compensation programs and schemes
- Function as subject matter expert on compensation consultations and application
- Conduct external market benchmarking and assessment to ensure we are program and offer competitiveness
- Provide administration support for sales incentive plans via Commission Management Tool
- Provide program recommendations based on best practices
- Lead the design and implementation of sales incentive plan reviews
- Relevant communication and engagement with People & Culture Team
- Participate in Job Evaluation analysis and evaluation reviews
- Conduct analytics and provide business intelligence around key compensation metrics
- Act as a trusted advisor to provide coaching and direction in a timely manner to HRBPs and business clients on high priority compensation decisions, exceptions, and escalations. This may involve the assessment of internal compensation equity and/or external market competitiveness to provide recommendations on closing critical gaps.
- Responsible for design, implementation, communication and administration of Sales Incentive plan, policies, and procedures to incentives behaviors to achieve business objectives.
- Ensure pay equity compliance is monitored and maintained.
- Participate in the job evaluation process to determine proper job grades, ensure relative value for all jobs is maintained and complete job audits as appropriate.
- Monitor and provide recommendations which ensure internal equity and market competitiveness for all Meridian jobs.
- Support new hire, promotional and out of cycle compensation decision making by providing market data analysis and rationale for required recommendations.
- Perform market and internal analyses to benchmark salaries in support of salary range development and maintenance.
- Develop project and program communication plans for leadership and employees.
- Analyze the market competitiveness of compensation programs and perform complex research, analysis, and delivery of findings to HRBP and business leaders.
- Support the participation, collection, management, and communication of enterprise-wide compensation programs including submission of compensation benchmark surveys, market review analysis and Year-End merit increase programs.
- Complete ad-hoc projects, including researching and analyzing data, organizing the data into meaningful documentation and presentation material, drawing sound conclusions, and making appropriate recommendations.
- University degree and 5+ years of relevant Compensation experience.
- Hands-on experience in design, creation, and management of sales incentives.
- Experience with Compensation surveys.
- Exceptional analytical, problem solving, and financial modeling skills, with high attention to detail and accuracy.
- Strong initiative, intellectual curiosity, analytical capabilities, and willingness to take ownership of complex problems.
- A proficiency and ability to work with Microsoft Office (in-depth knowledge of Microsoft Excel) and HRIS.
- Ability to work in a fast paced and collaborative environment with a high degree of change and ambiguity.
- Strong business, commercial and financial acumen, and understanding of how compensation issues may impact other company departments.
- Ability to establish productive and positive relationships with all levels of management, incorporating different perspectives, backgrounds, and styles.
- Exceptional organizational and time management skills, can manage competing projects and adherence to tight deadlines effectively.
- Collaborative team player with exceptional communication and interpersonal skills.
- Ability to make clear and cogent presentations to all levels of management.
- Strong commitment to excellence and is customer service oriented.
- Advanced PowerPoint and Excel skills required, with comfort manipulating large data sets.
- Completion or progress toward CCP or CHRP designation preferred.
- Knowledge of Sales Incentive Management system preferred.
- We have an inclusive and collaborative working environment that encourages teamwork, creativity, curiosity, and celebrates success!
- We provide you with the tools and technology needed to delight your candidates and clients!
- You will get to work with and learn from diverse industry leaders and colleagues, who have hailed from top organizations.
- Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues.
- This is not your typical "corporate" job. We work hard and we have fun!
- Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
- Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
- Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
- Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Manages Competing Priorities: Advanced
Effective Communicator: Advanced
Decision Making: Advanced
Change Management: Intermediate
Collaboration: Advanced
Critical thinking: Advanced
Business Acumen: Advanced
Analytical: ExpertBehaviors : Functional Expert: Considered a thought leader on a subjectMotivation : Self-Starter: Inspired to perform without outside help