What are the responsibilities and job description for the Compensation Specialist position at Saronic Technologies?
Saronic Technologies is a leader in revolutionizing autonomy at sea, dedicated to developing state-of-the-art solutions that enhance maritime operations through autonomous and intelligent platforms.
Position Overview: The Compensation Specialist will play a critical role in designing, implementing, and managing compensation programs that attract and retain talent across the company. You will be responsible for analyzing market data, ensuring compliance with global compensation regulations, and providing strategic guidance on equity-based compensation. Your expertise will help support the company’s growth and scale while fostering a competitive and fair compensation structure across both domestic and international markets.
Responsibilities
Medical Insurance: Comprehensive health insurance plans covering a range of services
Saronic pays 100% of the premium for employees and 80% for dependents
Dental and Vision Insurance: Coverage for routine dental check-ups, orthodontics, and vision care
Saronic pays 100% of the premium under the basic plan for employees and 80% for dependents
Time Off: Generous PTO and Holidays
Parental Leave: Paid maternity and paternity leave to support new parents
Competitive Salary: Industry-standard salaries with opportunities for performance-based bonuses
Retirement Plan: 401(k) plan
Stock Options: Equity options to give employees a stake in the company’s success
Life and Disability Insurance: Basic life insurance and short- and long-term disability coverage
Pet Insurance: Discounted pet insurance options including 24/7 Telehealth helpline
Additional Perks: Free lunch benefit and unlimited free drinks and snacks in the office
This role requires access to export-controlled information or items that require “U.S. Person” status. As defined by U.S. law, individuals who are any one of the following are considered to be a “U.S. Person”: (1) U.S. citizens, (2) legal permanent residents (a.k.a. green card holders), and (3) certain protected classes of asylees and refugees, as defined in 8 U.S.C. 1324b(a)(3) .
Saronic does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.
Position Overview: The Compensation Specialist will play a critical role in designing, implementing, and managing compensation programs that attract and retain talent across the company. You will be responsible for analyzing market data, ensuring compliance with global compensation regulations, and providing strategic guidance on equity-based compensation. Your expertise will help support the company’s growth and scale while fostering a competitive and fair compensation structure across both domestic and international markets.
Responsibilities
- Compensation Strategy & Design: Collaborate with leadership to develop and refine compensation strategies that align with company goals, industry benchmarks, and talent needs. Ensure that compensation packages are competitive and equitable across the organization, both domestically and internationally.
- Equity Compensation Management: Manage and administer the company’s equity compensation programs, including stock options, RSUs, and other equity-based incentives. Work with finance and legal teams to ensure compliance with tax and securities regulations.
- Market Analysis & Benchmarking: Conduct regular salary benchmarking and compensation market analysis to ensure competitive pay practices. Evaluate compensation trends, emerging practices, and geographical variances to adjust and recommend compensation strategies.
- Global Compensation & Compliance: Execution of compensation programs for international teams, taking into account regional market trends, currency differences, taxation, and local compliance requirements. Ensure compliance with all international labor laws, tax regulations, and DoD contracting standards.
- Compensation Analytics & Reporting: Use data analytics to provide insights and recommendations on compensation trends, program effectiveness, and employee retention. Provide regular reporting to senior leadership on compensation expenses, equity grants, and pay equity.
- Employee Education & Communication: Provide support and education to employees regarding compensation policies, including equity programs. Conduct one-on-one sessions with employees to explain compensation structures, benefits, and equity options.
- Collaboration & Stakeholder Management: Partner with HR, Finance, Legal, and senior leadership to ensure alignment on compensation-related decisions. Work closely with recruiting teams to design competitive offers for new hires and negotiate compensation packages for existing employees.
- Continuous Improvement: Monitor and evaluate the effectiveness of compensation programs, making recommendations for adjustments and improvements. Stay informed about trends in compensation, equity plans, and HR technology to bring innovative solutions to the company.
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. A Master’s degree or professional certifications (e.g., CCP, GRP) is a plus.
- 5 years of experience in compensation, with at least 2 years focused on equity compensation management and global compensation strategies for Pre-IPO companies.
- Proven experience designing and implementing compensation programs in a startup or high-growth environment.
- Deep knowledge of compensation principles, job evaluation, salary benchmarking, and equity compensation programs (stock options, RSUs, ESPPs, etc.).
- Expertise in domestic and international compensation practices, including regulatory requirements and tax implications.
- Strong analytical skills with the ability to interpret compensation data and present insights to leadership.
- Experience with compensation management software (e.g., Workday, PayScale, Carta, or similar).
- Ability to manage multiple priorities in a fast-paced, evolving environment.
- Excellent communication, negotiation, and interpersonal skills with the ability to collaborate across teams.
Medical Insurance: Comprehensive health insurance plans covering a range of services
Saronic pays 100% of the premium for employees and 80% for dependents
Dental and Vision Insurance: Coverage for routine dental check-ups, orthodontics, and vision care
Saronic pays 100% of the premium under the basic plan for employees and 80% for dependents
Time Off: Generous PTO and Holidays
Parental Leave: Paid maternity and paternity leave to support new parents
Competitive Salary: Industry-standard salaries with opportunities for performance-based bonuses
Retirement Plan: 401(k) plan
Stock Options: Equity options to give employees a stake in the company’s success
Life and Disability Insurance: Basic life insurance and short- and long-term disability coverage
Pet Insurance: Discounted pet insurance options including 24/7 Telehealth helpline
Additional Perks: Free lunch benefit and unlimited free drinks and snacks in the office
This role requires access to export-controlled information or items that require “U.S. Person” status. As defined by U.S. law, individuals who are any one of the following are considered to be a “U.S. Person”: (1) U.S. citizens, (2) legal permanent residents (a.k.a. green card holders), and (3) certain protected classes of asylees and refugees, as defined in 8 U.S.C. 1324b(a)(3) .
Saronic does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.