Compensation Specialist

Socket.dev; Bethpage (NY); Hybrid; USD 44,000 - 52,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan with employer match

Annual performance-based bonus

Job summary

FourLeaf Federal Credit Union is seeking a Compensation Specialist to partner with HR leadership in designing and administering compensation programs that support equity and business goals.

You will analyze salary data, ensure compliance with laws, collaborate with recruiting, and maintain data integrity while delivering thoughtful solutions for pay equity and cost efficiency.

Qualifications

• Bachelor’s degree in HR, business or related field.
• 1+ years of experience in compensation or related HR area.
• CCP preferred; CCP must be obtained within 2 years.
• Advanced skills with Microsoft Office (Word, PowerPoint, Excel).

Responsibilities

• Assist in development, implementation and administration of compensation programs.
• Collect data to participate in salary surveys and monitor data.
• Review compensation practices and provide data-driven recommendations.
• Provide analytical, technical, and operational support and ensure data integrity.
• Collaborate with recruiting on compensation and related tasks.

Skills

Data analysis

Attention to detail

Communication with management

Education

Bachelor's degree in HR, business, or related field

CCP certification preferred

Tools

Microsoft Office

Job description

It Starts With Our Employees

FourLeaf's ultimate goal is to provide the best-in-class member and employee experience, and it all begins with two things: hiring incredible people and giving them a great place to work.

What You’ll Do

The Compensation Specialist assists HR leadership in planning, developing and implementing new and revised compensation programs and policies/procedures to align with the organization’s goals and competitive practices. Assists leadership in conducting detailed quantitative and qualitative analysis on the organization’s compensation practice. Assists in the administration of compensation plans in compliance with internal policies and government regulations. Develop and maintain relationships with all levels of management. Applies understanding of the business environment, industry strategies, organizational structures and compensation practices in order to effectively conduct compensation tasks.

Core Contributions

• Assists in the development, implementation and administration of compensation programs with a focus on diversity, equity and inclusion as well as pay equity.
• Collects data to participate in salary surveys and monitors salary survey data to ensure corporate compensation objectives are achieved.
• Reviews existing compensation practices and provides HR leadership with data so that recommendations can be made that are cost-effective and consistent with compensation trends and strategic objectives.
• Provides analytical, technical, and operational support to the HR team by leveraging data from various sources. Maintain data integrity and audit Compensation related data, ensuring data usability/reliability.
• Assists HR Leadership in the design of creative solutions to specific compensation-related programs and incentive plans. Develops techniques for compiling, preparing and presenting data.
• Collaborates with the recruiting team assisting with compensation and recruiting related tasks.
• Regularly review any compliance updates for all activities related to compensation and relevant areas, including regular review and assessment of state and federal laws that compensation, incentive compensation, bonus programs, job description requirements, etc. Ensure that all compensation practices are compliant, efficient, and effective, supporting the organization's strategic goals.
• Participates in special projects and performs additional duties as required.

Assets You Will Bring

• Bachelor’s Degree Required. Field of Study: Human Resources, Business, or related field.
• 1+ years of experience in Human Resources, specifically in Compensation or education equivalent. Financial industry a plus.
• Certifications: Certified Compensation Professional (CCP) preferred. CCP must be obtained within 2 years.
• Computer Skills: Advanced skills with Microsoft Office (Word, PowerPoint, Excel) required.

The estimated salary for this role is $31.93 to $38.32 per hour. (FourLeaf Federal Credit Union offers a comprehensive benefits package, including medical, dental, and vision coverage; life and disability insurance; voluntary benefit programs; a 401(k) plan with employer match; reimbursement and wellness programs; and an annual performance-based bonus.) In addition to the salary or hourly rate listed above there may be other compensation & benefits available.

#LI-Hybrid

What Sets Us Apart?

In addition to our comprehensive benefits, we invest in employee connection and well-being through:

• Competitive 401(k)
• Tuition and fitness reimbursement programs
• Flexible work options
• Volunteer opportunities
• Executive “Water Cooler Chats”
• Clubs, sports, and social events
• Food truck days

….and more!

Who is FourLeaf?

FourLeaf Federal Credit Union (FourLeaf) has been committed to the financial well-being of our members for over 80 years. Through our full range of competitive savings and loan products, you can trust us in every step of your financial journey. From applying for a credit card to closing on your mortgage to opening your child’s first savings account, FourLeaf is here to help you reach your financial goals.

We are proud to be an award-winning place to work! Some of our recent recognitions include Certified Great Place to Work 2024-2025, America’s Greatest Midsize Workplaces 2025, and Fortune’s Best Workplaces in Financial Services & Insurance 2024.

As a credit union, our vision is to enrich the lives of our members, employees, and communities. Since 2002, we have been an integral community partner through our charitable giving and community development programs in New York and beyond.