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Gregory Simmons
Compensation / Benefits Specialist
Summary
Highly accomplished Compensation / Benefits Specialist with over 5 years of experience in employee compensation and benefits design, implementation, and management. Expertise in conducting compensation and benefits surveys, negotiating and managing vendor contracts, and developing and implementing performance management systems. Proven ability to increase employee satisfaction and reduce turnover. Strong analytical, communication, and interpersonal skills.
Education
Master of Business Administration (MBA)
April 2018
Skills
- Compensation and benefits analysis
- Employee benefits design and implementation
- Compensation and benefits policy development
- Employee compensation negotiation
- Employee benefits administration
- Compensation and benefits compliance
Work Experience
Compensation / Benefits Specialist
- Prepared and presented compensation and benefits proposals to senior management.
- Developed and implemented a performance management system that linked compensation to performance.
- Created and maintained compensation and benefits data using HRIS systems.
- Answered employee questions and provided guidance on compensation and benefits matters.
Compensation / Benefits Specialist
- Designed and implemented a new compensation structure that resulted in a 15% increase in employee satisfaction and a 5% reduction in turnover.
- Developed and administered a comprehensive benefits package that included a 401(k) plan, health insurance, and paid time off.
- Negotiated and managed vendor contracts for retirement plans, group health insurance, and paid time off.
- Conducted compensation and benefits surveys to benchmark against industry standards.
Accomplishments
- Challenged the existing performance evaluation system and designed a new system that increased employee engagement and improved performance by 15%.
- Led the implementation of a new health insurance plan that reduced the companys healthcare costs by over 10% while maintaining employee satisfaction.
- Designed and delivered employee training programs on topics such as compensation, benefits, and retirement planning, resulting in increased employee understanding and satisfaction.
- Developed a compensation benchmarking tool that allowed the company to stay competitive in the market and attract and retain top talent.
- Negotiated and administered vendor contracts for employee benefits, resulting in significant cost savings and improved service levels.
Awards
- Received the Employee Recognition Award for developing and implementing a new compensation program that resulted in a 20% increase in employee satisfaction.
- Recognized by the HR Leadership Council for outstanding contributions to the employee benefits industry.
- Received the Catalyst Award for Best Practices in Diversity and Inclusion for innovative work in developing and implementing a diversity training program.
- Recognized as a Top 100 HR Influencers by HR Dive for contributions to the Compensation and Benefits field.
Certificates
- Certified Compensation Professional (CCP)
- Certified Employee Benefits Specialist (CEBS)
- Certified Compensation and Benefits Consultant (CCBC)
- Certified Payroll Professional (CPP)
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How To Write Resume For Compensation / Benefits Specialist
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Essential Experience Highlights for a Strong Compensation / Benefits Specialist Resume
- Designed and implemented a new compensation structure that resulted in a 15% increase in employee satisfaction and a 5% reduction in turnover.
- Developed and administered a comprehensive benefits package that included a 401(k) plan, health insurance, and paid time off.
- Negotiated and managed vendor contracts for retirement plans, group health insurance, and paid time off.
- Conducted compensation and benefits surveys to benchmark against industry standards.
- Prepared and presented compensation and benefits proposals to senior management.
- Developed and implemented a performance management system that linked compensation to performance.
- Created and maintained compensation and benefits data using HRIS systems.
Frequently Asked Questions (FAQ’s) For Compensation / Benefits Specialist
What are the key responsibilities of a Compensation / Benefits Specialist?
Compensation / Benefits Specialists are responsible for designing, implementing, and managing employee compensation and benefits programs. They conduct compensation and benefits surveys, negotiate and manage vendor contracts, and develop and implement performance management systems. They also advise senior management on compensation and benefits matters and ensure compliance with all applicable laws and regulations.
What are the qualifications for a Compensation / Benefits Specialist?
Compensation / Benefits Specialists typically have a bachelor’s or master’s degree in human resources, business administration, or a related field. They also have several years of experience in employee relations and human resources. Strong analytical, communication, and interpersonal skills are also essential.
What are the career prospects for a Compensation / Benefits Specialist?
Compensation / Benefits Specialists can advance to more senior positions, such as Compensation Manager or Director of Human Resources. They may also move into other areas of human resources, such as recruitment, training, or employee development.
What are the challenges of being a Compensation / Benefits Specialist?
Compensation / Benefits Specialists face a number of challenges, including the need to stay up-to-date on the latest compensation and benefits trends, the need to balance the needs of employees with the needs of the organization, and the need to comply with all applicable laws and regulations.
What are the rewards of being a Compensation / Benefits Specialist?
Compensation / Benefits Specialists are rewarded with a variety of benefits, including a competitive salary, a comprehensive benefits package, and the opportunity to make a real difference in the lives of employees.
How can I become a Compensation / Benefits Specialist?
To become a Compensation / Benefits Specialist, you can earn a bachelor’s or master’s degree in human resources, business administration, or a related field. You can also gain experience in employee relations and human resources through internships or entry-level positions.
What are the professional organizations for Compensation / Benefits Specialists?
Compensation / Benefits Specialists can join a variety of professional organizations, including the WorldatWork, the Society for Human Resource Management (SHRM), and the American Compensation Association (ACA).
What are the continuing education opportunities for Compensation / Benefits Specialists?
Compensation / Benefits Specialists can pursue continuing education opportunities through a variety of providers, including the WorldatWork, the SHRM, and the ACA. These opportunities can help Specialists stay up-to-date on the latest compensation and benefits trends and best practices.