Compensation and Benefits Specialist
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Compensation and Benefits Specialist
A Compensation and Benefits Specialist focuses on developing competitive compensation and benefits packages, ensuring compliance, and supporting the overall HR strategy to attract and retain talent.
What You Will Do:
- Develop and implement competitive salary structures aligned with industry standards and company goals.
- Conduct regular market surveys and research to identify best practices and trends in compensation.
- Manage incentive programs, including sales commissions and bonuses.
- Design and manage a comprehensive benefits package, including health insurance, retirement plans, employee discounts, and other perks.
- Evaluate and negotiate with benefits vendors to provide cost-effective and attractive benefits.
- Collaborate with HR leadership, HR Business Partners (HRBPs), and stakeholders to develop and implement strategies, programs, and initiatives.
- Provide consultation and support to HRBPs and HR Services on HR matters within their area of expertise.
- Ensure all compensation and benefits programs comply with federal, state, and local regulations, including labor laws specific to the retail sector.
- Maintain accurate records and prepare necessary reports for audits and compliance checks.
- Align compensation and benefits programs with the company's performance management system to reward high-performing employees.
- Collaborate with other HR functions and stakeholders to ensure alignment and integration of HR initiatives.
- Serve as subject matter experts and thought leaders within the organization on HR matters within their field of expertise.
Who You Are:
- Analytical Skills: Ability to analyze compensation data and market trends specific to retail.
- Attention to Detail: Ensuring accuracy in payroll, benefits administration, and compliance documentation.
- Communication Skills: Effectively conveying complex compensation and benefits information to a diverse workforce.
- Problem-Solving Skills: Addressing and resolving compensation and benefits issues promptly.
- Strategic Thinking: Developing long-term plans and initiatives that align with business goals.
- Education: A bachelor’s degree in human resources, business administration, finance, or a related field is typically required. Advanced degrees or certifications (e.g., Certified Compensation Professional (CCP), Certified Employee Benefit Specialist (CEBS)) can be advantageous.
- Experience: Experience in human resources including HR software and tools, specifically in compensation and benefits within the retail industry, is highly desirable.
- Technical Skills: Proficiency in HR software and tools, such as payroll systems, benefits management platforms, and HR analytics tools.
Founded in Europe in 2000, Suitsupply has grown to over 90 international stores in cities such as Milan, London, Zurich, Amsterdam, New York, Toronto, Shanghai, Singapore and Hong Kong. In addition to our ever-expanding number of brick-and-mortar locations, we maintain a strong online presence, allowing Suitsupply to bring our style and top-tier service to all corners of the globe.
In…
Founded in Europe in 2000, Suitsupply has grown to over 90 international stores in cities such as Milan, London, Zurich, Amsterdam, New York, Toronto, Shanghai, Singapore and Hong Kong. In addition to our ever-expanding number of brick-and-mortar locations, we maintain a strong online presence, allowing Suitsupply to bring our style and top-tier service to all corners of the globe.
In an industry where fast fashion dominates and craftsmanship is fast disappearing, Suitsupply introduces a better option: one where no attention to detail or quality is ever spared. That’s why we use only the finest Italian fabrics sourced from mills such as Ferla, E. Thomas, Larusmiani and Vitale Barberis Canonico.
We have received widespread accolade from the likes of GQ, Esquire, and, perhaps most notably, a Wall Street Journal blind test that rated a $600 Suitsupply suit in a first-place tie with a $3,600 Armani.
While high-quality suiting at an affordable price point remain at the core of all that we do, our versatile range includes jackets, trousers, outerwear, shoes, accessories and attire available as prêt à porter and made-to-measure.
At Suitsupply, we pride ourselves in taking innovative approaches to traditional problems. This has led to the development of technologies such as our Design Your Own feature, our Garmentor app, and a commitment to in-house tailoring, providing quick alterations while you wait for a perfect fit every time. Each and every sales associate receives in-depth training through our acclaimed Suit School, bringing the unmatched level of passion and expertise that make Suitsupply’s customer service stand out.
The message is clear. We believe that nobody should leave Suitsupply with anything less than a perfect fit. If you’re equally devoted to quality, check out our jobs page for opportunities to join us.
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