COMPENSATION SPECIALIST SKILLS, EXPERIENCE, AND JOB REQUIREMENTS
Updated: Mai 16, 2025 - The Compensation Specialist manages sensitive information with the utmost integrity and confidentiality while ensuring clear communication across all levels of the organization. Demonstrates advanced analytical skills to collect, analyze, and interpret complex data with accuracy, using tools like Excel for pivot tables and formulas. Possesses deep knowledge of compensation principles, including compliance with government regulations and cost analysis.
Essential Hard and Soft Skills for a Standout Compensation Specialist Resume
- Compensation Analysis
- Market Research
- Data Reporting
- Excel Proficiency
- HRIS Management
- Job Evaluation
- Budget Planning
- Benefits Management
- Compliance Knowledge
- Survey Participation
- Detail Oriented
- Problem Solving
- Critical Thinking
- Confidentiality
- Clear Communication
- Teamwork
- Time Management
- Adaptability
- Interpersonal Skills
- Decision Making
Summary of Compensation Specialist Knowledge and Qualifications on Resume
1. BS in Accounting with 5 years of Experience
- Strong administrative capability with experience developing processes and procedures to ensure accurate and timely processing of compensation communications and transactions.
- Basic knowledge of all aspects related to annual salary planning activities including testing, training planning managers, data audits and processing.
- Some experience administering compensation planning tools and processes
- Working knowledge of how to support a compensation infrastructure including job evaluation, market pricing/survey participation, salary structures, and job benchmarking/slotting.
- Experience supporting and/or building compensation models and conducting pay analysis
- Strong project management skills
- Strong experience using HRIS Systems and Microsoft Office Suite, specifically MS Excel.
- Basic knowledge of human resources and compensation including knowledge of relevant Federal, State, and Local laws/regulations relating to compensation.
- Experience in both a start-up and a large global company.
- Professional experience with payroll or compensation
- Deep thinking and can handle things in logical and calm ways
2. BS in Data Analytics with 2 years of Experience
- Experience in finance, compensation or HRIS (preferably within the technology industry), with knowledge of core compensation terminology and best practices
- Experience creating tools and tracking documents, excellent spreadsheet skills
- Excellent proficiency in Google Suite and MS Office (Word, PowerPoint, Excel)
- Knowledge of stock grants and vesting or an interest in learning
- Experience with Workday HCM, PeopleSoft or other HR Systems
- Experience in an analytical environment with manipulation of large data sets.
- Practices open and continuous communication, values keeping others informed, effectively presenting information in a clear, concise manner.
- Excellent leadership, facilitation, and interpersonal skills, with the ability to work across functional lines and at many levels.
- Ability to think creatively, strategically and technically
- Ability to work a flexible schedule based on department and Company needs.
- Working with multiple computer screens and programs simultaneously for extended periods of time.
3. BS in Finance with 3 years of Experience
- Must be analytical, mathematical, and be capable of communicating professionally with top management.
- Proficient use of Microsoft Office spreadsheet, word processing, and presentation software.
- Effective utilization of internet software, e-mail, printers, FAX and copiers.
- Advanced use of statistical software (e.g., SPSS) modules to perform diagnostic applications (i.e., regression analysis, discriminant analysis, etc.).
- Ability to perform computational functions intrinsic to the compensation field.
- Excellent organization, project tracking, and priority-based time management.
- Communicates tactfully and effectively, verbally and in writing
- Ability to express complex technical concepts in business terms and maintains effective work relations with those encountered in the course of employment.
- Ability to follow instructions and work independently or in team atmosphere.
- High attention to detail, accuracy, and customer service.
4. BS in Economics with 4 years of Experience
- Able to handle sensitive information with the highest degree of integrity and confidentiality
- Demonstrated ability to communicate across all levels of the organization, present complex ideas concisely and clearly articulate information verbally and in writing
- Analytical skills with the ability to collect, organize, analyze and disseminate information with attention to detail and accuracy
- Strong proficiency with Microsoft Office Suite (Word, PowerPoint), advanced Excel skills including pivot tables, macros and formulas
- Understanding of basic compensation or financial fundamentals, statistics, or cost analysis
- Progressively responsible experience in compensation management.
- Knowledge of government regulations as they apply to base compensation and incentive compensation programs.
- Able to work independently and be a strong team player.
- Strong interpersonal skills, including excellent written and verbal communication skills.
- Ability to appropriately maintain confidentiality.
- Strong analytical and critical thinking skills.