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Harold Sanders
Compensation Coordinator
Summary
Highly experienced Compensation Coordinator with a proven track record of success in developing and implementing compensation plans, analyzing market trends, administering payroll, and managing employee benefits. Collaborated with HR and senior management to implement a new performance-based compensation plan, resulting in a 15% increase in employee productivity. Proven ability to maintain compliance with all applicable employment laws and regulations related to compensation and benefits.
Education
Bachelor’s Degree in Business Administration
October 2016
Skills
- Compensation Benchmarking
- Salary Structure Analysis
- Job Evaluation
- Performance Management
- Mercer Total CompensationSM
- Workday Compensation
Work Experience
Compensation Coordinator
- Provided guidance and support to employees on compensation and benefits issues.
- Maintained compliance with all applicable employment laws and regulations related to compensation and benefits.
- Utilized compensation software and databases to manage employee compensation data.
- Collaborated with external vendors to provide compensation consulting services.
Compensation Coordinator
- Collaborated with HR and senior management to develop and implement a new performancebased compensation plan, resulting in a 15% increase in employee productivity.
- Executed compensation studies to analyze market trends and ensure the competitiveness of employee salaries and benefits.
- Administered and processed payroll, including base pay, bonuses, commissions, and overtime.
- Managed employee benefits administration, including health insurance, retirement plans, and paid time off.
Accomplishments
- Implemented a new salary structure that resulted in a 12% reduction in salary inequities and improved employee satisfaction
- Developed and implemented a job evaluation system that aligned compensation with market benchmarks and job responsibilities
- Successfully negotiated and implemented a new collective bargaining agreement that addressed employee concerns and maintained labor peace
- Established and maintained a compensation database that provides realtime insights into compensation trends and market data
- Created and implemented a training program for managers on compensation best practices, resulting in improved compensation decisions
Awards
- Recognized with the Compensation Excellence Award for outstanding contributions to the compensation program
- Received the Teamwork Award for consistently collaborating with HR and Finance teams to ensure accurate and timely compensation processing
- Honored with the Innovation Award for introducing a new incentive plan that increased sales revenue by 15%
- Recognized with the Leadership Award for mentoring and developing junior Compensation Coordinators
Certificates
- Certified Compensation Professional (CCP)
- Certified Benefits Professional (CBP)
- Associate Professional in Human Resources (aPHR)
- Professional in Human Resources (PHR)
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How To Write Resume For Compensation Coordinator
- Highlight your experience in developing and implementing compensation plans.
- Showcase your knowledge of market trends and compensation best practices.
- Quantify your accomplishments with specific metrics.
- Demonstrate your ability to collaborate with HR and senior management.
Essential Experience Highlights for a Strong Compensation Coordinator Resume
- Developed and implemented a new performance-based compensation plan, resulting in a 15% increase in employee productivity.
- Executed compensation studies to analyze market trends and ensure the competitiveness of employee salaries and benefits.
- Administered and processed payroll, including base pay, bonuses, commissions, and overtime.
- Managed employee benefits administration, including health insurance, retirement plans, and paid time off.
- Provided guidance and support to employees on compensation and benefits issues.
- Maintained compliance with all applicable employment laws and regulations related to compensation and benefits.
- Utilized compensation software and databases to manage employee compensation data.
Frequently Asked Questions (FAQ’s) For Compensation Coordinator
What is the role of a Compensation Coordinator?
A Compensation Coordinator is responsible for managing all aspects of employee compensation and benefits. This includes developing and implementing compensation plans, conducting market research, administering payroll, and managing employee benefits.
What are the qualifications for a Compensation Coordinator?
A Bachelor’s Degree in Business Administration or a related field is typically required. Additionally, experience in compensation and benefits administration is preferred.
What are the key skills for a Compensation Coordinator?
Key skills for a Compensation Coordinator include: Compensation Benchmarking, Salary Structure Analysis, Job Evaluation, Performance Management, Mercer Total Compensation, Workday Compensation.
What is the salary range for a Compensation Coordinator?
The salary range for a Compensation Coordinator varies depending on experience and location. According to Salary.com, the average salary for a Compensation Coordinator in the United States is $65,000.
What are the career prospects for a Compensation Coordinator?
Compensation Coordinators can advance to roles such as Compensation Manager, Benefits Manager, or HR Manager.
What are the challenges of being a Compensation Coordinator?
Challenges of being a Compensation Coordinator include: Keeping up with changing legislation, managing employee expectations, and staying abreast of market trends.
What are the rewards of being a Compensation Coordinator?
Rewards of being a Compensation Coordinator include: Making a difference in the lives of employees, contributing to the success of the organization, and developing valuable skills.