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Compensation & Benefits Specialist (40294)

Company: Hyllion Holdings
Location: Cedar Park
Posted on: June 8, 2021

Job Description:

The Compensation & Benefits Specialist is responsible for managing all aspects of Company benefit plans and programs including vendor management, compliance, project management, and communication. This role ensures company benefit programs are consistently administered in compliance with company policies and government regulations. In addition, the individual will be responsible for supporting strategic compensation initiatives that result in the attraction and retention of a talented, highly engaged, and productive workforce. This position reports to the Vice President of Human Resources.

Essential Functions: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Executive Compensation:

  • Evaluate, benchmark, and market price positions. Analyze compensation data and recommend salary grades for Executives
  • Manage the annual pay planning cycle for the executive level positions including processes, changes, and execution
  • Research, evaluate, and analyze internal and external data including market trends, best practices, and conduct benchmark comparison related to executive compensation
  • Manage job matching and data submission process for compensation surveys
  • Administer Long Term Incentive (LTI) programs
  • Works with Finance to ensure accruals are being budgeted accordingly
  • Manage Tax Liability process for Hyliion employees when LTI vests
  • Education and communication with employees on LTI
  • Assists in the preparation of LTI committee materials

Nonexecutive Compensation:

  • Evaluate, benchmark, and market price jobs. Analyze compensation data and recommend salary grades for nonexecutive Hyliion employees
  • Support HR Business Partner with necessary data and guidance to support attraction and retention of staff during employee lifecycle, including pay decisions and career development
  • Manage the annual pay planning cycle (merit increases and STI payouts) for nonexecutive Hyliion employees
  • Manage job matching and data submission process for compensation surveys

Benefits

  • Ensures company benefit programs are consistently administered in compliance with company policies and government regulations through appropriate audits and reports; monitors changes to State and Federal laws pertaining to benefit plans and programs.
  • Collaborates to ensure benefits are properly set up in applicable systems.
  • Provides oversight for all employee leaves (FMLA, PLOA, LOA, Workers Comp, etc.); establishes and monitors systems for accurately tracking and administering time off and leaves of absence.
  • Manages third party relationships including plan administrators, brokers, carriers, etc.
  • Acts as primary contact for plan vendors and employees for resolution of health and welfare plan questions or issues.
  • Lead annual benefit renewal and open enrollment processes including communication to the organization, organizing benefit fair events and updating benefit enrollment information.
  • Lead benefits onboarding session with new hires.
  • Document and maintain administrative procedures for assigned compensation processes (SOPs)
  • Provide analytical support on human resources data
  • Provide ad hoc reports as requested by management on human resources-related matters.
  • Other special projects as needed and requested
  • Performs other related duties as assigned.

Knowledge, Skills, and Abilities:

  • Solid knowledge of employment practices, compensation regulations and best practices
  • Strong numerical skills and analytical abilities
  • Business acumen partnered with attention to detail
  • Knowledge of data analysis and reporting
  • Ability to read and understand budgets and financial statements
  • Curious and innovative, interested to learn more about new trends
  • Excellent organizational and leadership skills
  • Outstanding communication and interpersonal skills
  • Diligent and firm with high ethical standards
  • Knowledge of labor laws, such as FLSA, SOX and other federal and state laws regulating compensation and privacy standards.
  • Strong knowledge and understanding of all legal, tax and regulatory issues related to benefits, such as ACA, ERISA, FMLA, PFL and state and federal regulations.
  • Ability to work independently while prioritizing workload
  • Flexible and adaptable to work under tight deadlines and/or changing needs
  • Ability to build strong working relationships within HR and become a trusted resource that can be relied on for flawless execution
  • Extremely proficient with Internet tools and Excel/Google Sheets (vlookups, pivot tables, data analysis, charting, etc.)
  • Ability to read and interpret documents such as policies and procedures manuals, job descriptions, and bonus plans
  • Ability to write clear and concise reports and correspondence.
  • Ability to organize own work and perform independently

Required Qualifications:

  • Bachelor's Degree in human resources, business administration, or related field.
  • Compensation certification highly preferred
  • 5 years of relevant work experience, with a minimum 3 years of experience in compensation analysis and benefits administration
  • Experience in budgets / working with Finance teams
  • Previous vendor management experience including managing to metrics required.
  • Experience in project management with cross teams
  • Proven track record in administering benefits programs

Additional Requirements:

Qualified candidates must be legally authorized on an unrestricted basis (US Citizen, Legal Permanent Resident, Refugee or Asylee) to be employed in the United States. Hyliion does not anticipate providing employment related work sponsorship for this position (e.g., H-1B status)

Physical Demands:

  • Ability to lift and/ or move up to 15 pounds
  • Crouching: Bending the body downward and forward by bending leg and spine.
  • Reaching: Extending hand(s) and arm(s) in any direction.
  • Standing: Remaining upright on the feet, particularly for sustained periods of time.
  • Walking: Moving about on foot to accomplish tasks, particularly for long distances or moving from one work site to another.
  • Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
  • Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
  • Repetitive motions: Making substantial movements (motions) of the wrists, hands, and/or fingers.
  • The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; viewing a computer terminal; extensive reading; visual inspection involving small defects, small parts, and/or operation of machines (including inspection); using measurement devices; and/or assembly or fabrication of parts at distances close to the eyes.

Work Environment:

  • The noise level in the work environment is usually moderate
  • For the most part, ambient room temperatures, lighting and traditional equipment as found in a typical office

Hyliion is committed to diversity and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Keywords: Hyllion Holdings, Cedar Park , Compensation & Benefits Specialist (40294), Other , Cedar Park, Texas

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