Job Description
Job Title: Compensation Specialist
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Location: Lexington, MA USA 02421
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Duration: 36+ Months Contract
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This position is HYBRID. The individual will be required to be onsite 2 days a week
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Reporting to the Compensation Manager, the Compensation Specialist will lead and execute critical compensation projects on a contract basis. This role is ideal for a seasoned professional with deep expertise in total rewards, job architecture, and pay structure design, who thrives in a fast-paced, project-oriented environment.
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Project Work: Job Architecture Design
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• Redesign and enhance the job architecture framework, including job families, career levels, title governance, and FLSA classifications, ensuring consistency and scalability.
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• Conduct in-depth analysis of salary grade and band structures, benchmarking against market data and ensuring internal equity.
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• Model the financial impact of proposed changes and develop transition strategies.
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• Create compensation administration guidelines, toolkits, and manager resources.
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• Lead communication and change management efforts to ensure successful adoption of compensation initiatives
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Required Qualifications:
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• 8+ years of progressive experience in compensation, including hands-on expertise in job analysis, job leveling, salary structure design and market pricing.
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• Project coordination experience (managing timelines, cross functional teamwork, executing project deliverables)
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• Bachelor’s degree in Human Resources, Business, Finance, or a related field (Master’s degree preferred).
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• Proven track record of delivering complex compensation projects in a fast-paced environment.
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• Proficiency with major compensation survey platforms (e.g., Radford/AON, Mercer, Pearl Meyer, TSG).
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• Advanced Microsoft Excel skills, including financial modeling, pivot tables, and statistical analysis.
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• Analytical and Communication Skills
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• Strong ability to analyze data, develop insights, and present findings and recommendations to HR leadership and executive audiences.
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Preferred Qualifications:
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• Certifications: CCP (Certified Compensation Professional) designation is strongly preferred.
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• Technical Tools: Experience with HRIS and compensation management platforms (e.g., SAP, SuccessFactors, Payscale MarketPay).
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• Compliance Knowledge: Familiarity with federal and state compensation compliance requirements.
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• Industry Experience: Experience working in an FFRDC or government contractor environment is highly desirable