What are the responsibilities and job description for the Compensation Specialist position at Family Dollar?
The Compensation Specialist will play a key role in supporting compensation programs for our retail stores and distribution centers. This role focuses on ensuring compliance with local wage laws, maintaining accurate pay structures, supporting job analysis and evaluation, and administering incentive programs. In addition, the Specialist will partner closely with the corporate compensation team to align field compensation practices with overall company strategy.
Responsibilities:
- Monitor and implement changes related to local jurisdictional minimum wage laws; ensure timely updates to pay rates and ranges and communicate changes to stakeholders.
- Administer, calculate, and analyze store and distribution center incentive plans; prepare communications and reporting to ensure clarity and accuracy for field leadership and associates.
- Maintain and update pay ranges in Workday; partner with HRIS team to ensure system accuracy and reporting integrity.
- Conduct job analysis for new and existing positions; support job evaluation and leveling processes in line with company standards.
- Review and validate job offers for store and distribution center roles to ensure internal equity, external competitiveness, and compliance.
- Use compensation data to identify trends, monitor pay practices and provide insights that support decision-making.
- Ensure compensation programs comply with federal, state, and local regulations, as well as company policies and practices.
- Provide analytical and project support to the corporate compensation team on enterprise-wide initiatives, including market benchmarking, annual pay programs, and compensation planning cycles.
- Other duties as assigned.
Qualifications:
- Bachelor’s degree in Human Resources, Business, Finance, or related field (or equivalent experience).
- 2 years of compensation, HR, or related analytical experience (retail or distribution experience a plus).
- Strong Excel and HRIS skills with a passion for data accuracy, Workday experience preferred.
- Knowledge of compensation principles and wage/hour compliance.
- Excellent communication skills with the ability to explain complex topics simply.
- Organized, detail-oriented, and able to manage multiple priorities.
- Collaborative team player who enjoys supporting both field and corporate partners.