What are the responsibilities and job description for the Compensation Specialist position at WEX Inc?
About Team/Role WEX’s Compensation Team is seeking a self-driven and motivated Compensation Specialist to join their team in Portland, ME, Boston, MA, New York City, NY, Washington D.C., Chicago, IL, Dallas, TX, Bay Area, CA, or Seattle, WA! The Compensation Specialist will support the execution, and management of our compensation programs. This role requires a data-driven, analytical mindset with a strong foundation in data handling, data modeling, trend analysis and business partnership. Technical expertise in compensation modeling, analytics and dashboards. This role will manage the administration of base salary compensation, job evaluations, market pricing, and salary structure. This role involves evaluating internal and external compensation data, ensuring pay equity, efficiently administering compensation practices, and contributing to the design of competitive and equitable compensation structures. In this role you will also support the administration of year-end compensation. How you’ll make an impact Compensation Ideal candidate is comfortable administering a variety of compensation programs and processes, and has ability to prioritize multiple competing priorities. Support compensation programs through timely administration and extreme accuracy with data handling. Advises HR Business Partners and management on salary administration, job code use, wage-hour issues, state and federal pay regulations, FLSA as well as compensation guidelines and processes. Develops and presents summary reports of job analysis and compensation analysis information. Partner with Finance and HRBPs to align compensation processes with programs and projects. Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position. Harmonization Projects Support job architecture, job family structures and job profiles across the businesses. Key support administration of the annual merit cycles from planning to completion. Work on process evolution and improvement with HR partners and HR Technology Administer job families, leveling, and salary ranges. Administer career tracks for individual contributors and management. Design and maintain dashboards and reporting solutions using business intelligence tools (e.g., Looker, Tableau, or similar) to track program effectiveness and support decision-making Compliance Ensure compliance with pay regulations and support evolving pay transparency initiatives. Experience you’ll bring Undergraduate degree in business, economics, or a related field. 3 years of experience in compensation. Strong fluency in data analysis tools, including proficiency in Excel/Google Sheets Experience with compensation survey providers (e.g., Radford, Mercer, WTW) and job leveling methodologies and frameworks Strong communication skills, with the ability to partner with HR, Legal, Finance and the business at all levels Experience in Job harmonization and career pathing Strong Project Management skillset. Experience presenting compensation training sessions. The base pay range represents the anticipated low and high end of the pay range for this position. Actual pay rates will vary and will be based on various factors, such as your qualifications, skills, competencies, and proficiency for the role. Base pay is one component of WEX's total compensation package. Most sales positions are eligible for commission under the terms of an applicable plan. Non-sales roles are typically eligible for a quarterly or annual bonus based on their role and applicable plan. WEX's comprehensive and market competitive benefits are designed to support your personal and professional well-being. Benefits include health, dental and vision insurances, retirement savings plan, paid time off, health savings account, flexible spending accounts, life insurance, disability insurance, tuition reimbursement, and more. For more information, check out the "About Us" section. Pay Range: $68,000.00 - $90,000.00 WEX is a global commerce platform that helps businesses solve for operational complexities like employee benefits, managing and mobilizing fleets, and streamlining payments. With over 6,500 employees, we work with large and small companies in more than 200 countries and territories, and can tailor our services to meet the unique needs of their businesses. We hire people who share our passion for continuous innovation and client service that is unparalleled in the industry. Offering comprehensive and market competitive benefits, our offerings are designed to support your personal and professional well-being. If you’re looking for a growing career - come be part of WEX today. To learn more about our employee benefits, please click here. WEX is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, sexual orientation, gender identity, protected veteran status, disability or other protected status. WEX promotes a drug-free workplace. Qualified individuals with a disability have the right to request a reasonable accommodation. If you require a reasonable accommodation as a result of your disability at any point in the job application process, please submit your request through our Reasonable Accommodation Request Form. This form is for accommodation requests only and cannot be used to inquire about the status of applications.
Salary : $68,000 - $90,000
