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Midland Credit Management, an Encore Capital Group Company · 2 months ago

Compensation Specialist

MN - St. Cloud

Full-time

Onsite

Entry, Mid Level

$66K/yr - $86K/yr

2+ years exp

Midland Credit Management, an Encore Capital Group Company, is seeking a Compensation Specialist to implement and administer compensation processes and programs. The role involves conducting market analyses, managing compensation inquiries, and recommending process improvements while ensuring compliance with regulatory requirements.

Financial Services

No H1B

Responsibilities

Supports and administers compensation processes , i.e., annual compensation planning, mid-year promotion cycle, salary survey submission, performance bonus plan accruals, compliance tracking, etc

Conducts market analyses and benchmarking studies to evaluate compensation program competitiveness to the market

Conducts job evaluations, reviews external market data and internal pay equity and processes pay changes in Workday

Processes compensation inquiries regarding compensation processes, procedures and policies received through ticketing system or email in accordance with established SOPs and standard response times

Audits and maintains employee pay data in Workday

Recommends, researches, and implements process improvements for compensation programs and procedures. Partners with various HR teams and leadership to provide guidance on compensation processes, procedures, and policies

Directly supports the TA team in evaluating and approving offers in Workday

Performs other duties as assigned

Qualification

WorkdayData analyticsCompensation analysisCertified Compensation ProfessionalGlobal Remuneration ProfessionalExcel proficiencyProject managementCommunication skillsCritical thinkingCollaborationAttention to detail

Required

Applicants must have current authorization to work in the United States on a full-time basis

EDUCATION: Bachelor's

FIELD OF STUDY: Human Resources, Business

EXPERIENCE: 2+ years

Knowledge of applicable HR laws and regulations, including FLSA

Proficiency with Microsoft Office (Outlook, Word, and PowerPoint), strong Excel skills required

Strong verbal and written communication skills, strong attention to detail

Ability to think critically, analyze complex problems, and exercise judgment in evaluation to formulate creative solutions

Ability to effectively collaborate with people at all levels of an organization

Preferred

EDUCATION: Bachelor's

FIELD OF STUDY: Human Resources, Business

CERTIFICATION(S): Certified Compensation Profession (CCP), Global Remuneration Professional (GRP)

Workday advanced compensation and reporting experience

Hands-on experience with multi-factor regression analysis

Strong data analytics experience

Project management - Ability to manage projects and processes from start to finish

Ability to effectively collaborate with people at all levels of an organization

Experience building tools in Excel to simplify and automate processes

Benefits

Earn a competitive salary. All employees are eligible for monthly incentives or annual bonus.

Grow at MCM with paid training and development programs – including our very own MCM Academy – as well as a promote-from-within philosophy.

We are committed to honoring great results – ranging from informal accolades to formal company-wide awards and prizes like all-inclusive vacations.

Pursue a degree or coursework related to your current role, or the role you are striving for.

Take advantage of comprehensive healthcare plans and options to ensure your continued health, plus fitness membership reimbursements, weight watchers, our wellness rewards Program and more.

Enjoy up to eight hours of paid time off each year to volunteer. We also offer volunteer grants and matching financial donations, up to US$ 2,500 per employee annually.

Build a strong financial foundation and reach your goals for the future. With all the effort you invest in us, we’re proud to invest in you.

Celebrate your new arrival with company paid leave, new parent flex time, and child back-up care options.

Enjoy experiences that inspire bonds with your colleagues through a wide range of company-sponsored team-building events, such as holiday celebrations and department outings.

Enjoy paid and floating holidays, as well as generous paid-time-off.