Global Compensation Administration Specialist

Abbott Laboratories; Illinois; On-site; USD 51,000 - 101,000; Full time

Benefits offered by this job

Free medical coverage

Tuition reimbursement

Employer retirement contributions

Job summary

Abbott Park, IL is hiring an Associate Specialist for Global Compensation Administration to deliver compensation programs and provide technical expertise across pay actions and equity studies.

The role supports merit and salary planning, conducts surveys, and partners with HR, Talent Acquisition and Finance. Requires at least an Associate’s degree and 1 year of related experience; Excel and Workday skills are essential; multilingual abilities are a plus.

Qualifications

• Associate’s degree plus 1 year of relevant experience.
• Bachelor’s degree preferred and 2-4 years in a compensation analyst role with experience in basic compensation functions including making salary recommendations, submitting to salary surveys and analyzing survey data, and market pricing.
• Experience leading medium to large projects such as incentive plan administration and payouts, job leveling/hierarchy development, acquisition integration, and data audits.
• Strong technical knowledge of Excel, including development of spreadsheets with formulas, pivot tables, and lookups.

Responsibilities

• Provides recommendations on pay actions using survey sources, market references, internal equity and other data.
• Makes external job offer recommendations (i.e. Same Day Offer and hourly rate recommendations).
• Completes survey submissions for annual and ad hoc salary surveys and uses results for start rates, site wage proposals, salary structures and equity studies.
• Performs equity studies.
• Manages the job description process.
• Administers annual compensation programs (merit, salary planning, short-term incentive plans), utilizing Workday compensation module.
• Provides compensation analysis and data management support for special projects including acquisitions and divestitures, large reorganizations, job leveling, job hierarchies, internal and external audits, new government-mandated changes, etc.
• Provides input to enhance existing processes or to establish processes for new programs including documentation of compensation practices and provides training.
• Performs User Acceptance and Regression testing, including creating test scripts.
• Responsible for the administration and delivery of compensation programs that are aimed at attracting and retaining employee talent.
• Applies working knowledge of compensation and related human resources principles and requirements to support business needs. Recognized for expertise in a selected compensation discipline.

Skills

Analytical skills

Interpersonal skills

Education

Associate Degree

Bachelor's degree

Tools

Excel

Workday

Zendesk

Job description

Abbott Park, IL is hiring an Associate Specialist for Global Compensation Administration to deliver compensation programs and provide technical expertise across pay actions and equity studies.

The role supports merit and salary planning, conducts surveys, and partners with HR, Talent Acquisition and Finance. Requires at least an Associate’s degree and 1 year of related experience; Excel and Workday skills are essential; multilingual abilities are a plus.