Job Description
Position Title: Compensation Specialist/ Project Manager
Location: Lexington, MA USA 02421 (Hybrid)
Duration: 3 years Contract on W2 (Possible Extension)
Pay Rate: $50/hr. - $60/hr.
Job Description:
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.
Responsibilities:
The Specialist will be responsible for one or more of the following project areas, depending on the organization’s needs:
General Compensation Support
• Develop and implement compensation programs, policies, and procedures that align with compensation philosophy.
• Ensure compliance with federal and state compensation regulations.
Project Work: Job Architecture Design
• Redesign and enhance the job architecture framework, including job families, career levels, title governance, and FLSA classifications, ensuring consistency and scalability.
• Conduct in-depth analysis of salary grade and band structures, benchmarking against market data and ensuring internal equity.
• Model the financial impact of proposed changes and develop transition strategies.
• Create compensation administration guidelines, toolkits, and manager resources.
• Lead communication and change management efforts to ensure successful adoption of compensation initiatives
Required Qualifications:
• 8+ years of progressive experience in compensation, including hands-on expertise in job analysis, job leveling, salary structure design and market pricing.
• Project coordination experience (managing timelines, cross functional teamwork, executing project deliverables)
• Bachelor’s degree in Human Resources, Business, Finance, or a related field (Master’s degree preferred).
• Proven track record of delivering complex compensation projects in a fast-paced environment.
• Proficiency with major compensation survey platforms (e.g., Radford/AON, Mercer, Pearl Meyer, TSG).
• Advanced Microsoft Excel skills, including financial modeling, pivot tables, and statistical analysis.
• Analytical and Communication Skills
• Strong ability to analyze data, develop insights, and present findings and recommendations to HR leadership and executive audiences.
Preferred Qualifications:
• Certifications: CCP (Certified Compensation Professional) designation is strongly preferred.
• Technical Tools: Experience with HRIS and compensation management platforms (e.g., SAP, SuccessFactors, Payscale MarketPay).
• Compliance Knowledge: Familiarity with federal and state compensation compliance requirements.
• Industry Experience: Experience working in an FFRDC or government contractor environment is highly desirable.
Additional Details:
This position is HYBRID. The individual will be required to be onsite 2 days a week.