Sr. Compensation Specialist
Location
Troy, MI | United States
Job description
Summary
The Toyoda Gosei Group is a leading global manufacturer of rubber and plastic automotive components, safety systems and LEDs. Globally Headquartered in Japan with a network of 67 group companies in 17 countries and regions, the Group brings its extensive range of products to customers all over the world.
Toyoda Gosei North America (headquartered in Troy, MI) has an opening for a Sr. Compensation Specialist in the Human Resources department. The Sr. Compensation Specialist functions with a high degree of autonomy, and is responsible for providing professional level compensation analysis and program management for Toyoda Gosei (TG) North America Corporation (TGNA), and providing compensation related support to TGNA Manufacturing Companies (NAMCs).
Primary Duties and Responsibilities
- Validates job requirements by analyzing jobs, including interviewing knowledgeable persons; studying completed questionnaires; observing jobs being performed.
- Defines and maintains jobs by writing job descriptions, job qualifications, and job evaluation documentation.
- Perform compensation benchmarking for new hires, ensuring internal equity and market competitiveness
- Establishes internal job equity by evaluating and ranking jobs.
- Establishes external compensation equity by conducting pay surveys; analyzing pay data.
- Participates in the development of and maintains pay structures by calculating pay grades and ranges.
- Completes compensation reports by gathering and analyzing pay data.
- Avoids legal challenges by complying with Federal, State, and local legal requirements; helping others comply.
- Enforces merit-raise and incentive guidelines by comparing recommended pay raises and incentives with budget, notifying supervisors of variances.
- Improves the effectiveness of and assists in the administration of the performance evaluation process.
- Make recommendations for retention based, and severance packages.
- Lead & support HR related projects as requested, determining detailed approach for executing the work and managing communications and delivery of key activities.
- Monitor labor cost trend, and develop/revise labor cost budget annually and as needed.
- Contribute to the development of communication strategy, policy and documents relating to compensation programs to ensure alignment with the company’s philosophy and values.
- Drive optimization by being actively engaged in continuous improvement efforts (kaizen)
- Improves compensation job knowledge by attending training sessions; reading technical publications.
- This role requires the completion of other duties as assigned
Qualifications and Competencies
- Bachelor degree in business required, focus in Human Resources preferred
- Minimum of five years of experience in Human Resources including three years working directly in compensation is required
- Proficiency using Microsoft Office [2007 or newer] and Advanced MS Excel skills are required
- Ability to effectively manage projects and consistently meet deadlines is required
- Effective verbal, non-verbal, negotiation and written communication skills are required
- Sustaining a high degree of professionalism in interacting with internal and external customers is required
- Effective attention to detail, problem solving, analytical and organizational skills is required
- Exposure to the development of short and long-term strategy is preferred
Benefits (subject to eligibility):
- Hybrid Work Style (if eligible)
- Insurance (Health, Dental, Vision, Prescription Drug Program)
- Company Paid STD, LTD, Life, and AD&D
- Generous Employer Contribution to HSA
- Short and Long Term Disability
- 401K Company Match
- Paid Time Off/Holidays
- Free Employee Assistance Plan (EAP)
- Reimbursement Programs (Cellphone, Tuition, Vehicle, etc.)
- Multiple Free Wellness Programs Offered
Job tags
Salary
