Senior Compensation Specialist (Budapest, HU, 1062)

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What is the job about?

Grundfos is seeking an experienced Senior Compensation Specialist to join its Global Compensation team. The Senior Compensation Specialist will develop, coordinate, and administer a variety of programs and activities covering multiple or different compensation related activities with a specialization within the geographical scope of Western Europe. The Senior Compensation Specialist will collaborate with the Reward Partners, Country HR Leads, HR Compliance, and HR Business Partners to understand and execute job evaluation strategy and administer end-to-end global processes for compensation activities, while serving as a consultant/advisor to the business leaders on compensation processes and philosophies. This role will also be a part of the extended Global Rewards Team and is involved in executing the compensation function, as well as conducting analyses, creating, and implementing innovative solutions to address key findings and remedy problems, and providing continuous feedback on process improvements to the relevant process owners. The position reports directly to the Global Rewards Director.

Your main responsibilities:

<ul>
<li class="paragraph">Provide specialist level insights into the primary geographical scope, while contributing to the overall Global Compensation agenda through various projects and initiatives in the compensation domain.</li>
<li class="paragraph">Be an active member of the Global Rewards CoE by operationalizing processes and project within the compensation domain and facilitating a continuous improvement mindset by routinely providing process owners feedback on the processes.</li>
<li class="paragraph">Ensure the needed consultancy related to compensation programs in an efficient, timely, and accurate manner according to company policies and procedures and within the agreed upon service level agreements (SLAs).</li>
<li class="paragraph">Utilize Service Now to resolve compensation related inquiries (including, but no limited to: Promotions, laterals, extraordinary pay increase, country assignments, etc.)</li>
<li class="paragraph">Provide a high level of customer service and problem-solving skills in resolving issues and responding to stakeholders and collaboration partners.</li>
<li class="paragraph">Judiciously offer and apply diverse specialist knowledge to stakeholders in the support, development, and implementation of initiatives or projects.</li>
<li class="paragraph">Take an active part in implementation and utilization of new compensation policies, including participation in the annual compensation review process (collection of market salary data, proper process documentation and analysis of the data) in close collaboration with the Global Rewards CoE.</li>
<li class="paragraph">Provide support to Country HR Leads and HR Compliance to ensure that the HR policies and initiatives are implemented and key operational processes are run in the most effective and efficient way.</li>
<li class="paragraph">Act as the subject matter expert, mentor, and coach other compensation/benefits staff and collaboration partners.</li>
<li class="paragraph">Maintain a focus on the continuous improvement of the processes relating to compensation programs. Take an active role in assessment and review of existing compensation policies proactively and independently. Working closely with the Global Rewards CoE as a member of the extended Global Rewards Team. </li>
<li class="paragraph">Perform all work in compliance with company policies, procedures, legislation, regulations and direction and identify non-compliance situations for resolution.</li>
<li class="paragraph">Comply with all health and safety initiatives to ensure the Company remains a safe workplace. </li>
</ul>

Your background

<ul>
<li class="paragraph">Post-secondary degree (Master’s degree is preferred) in Human Resources, Business or other related field, with 5-6 or more years of progressive experience directly related to the administration of compensation programs. </li>
<li class="paragraph">Experience developing and/or driving compensation processes.</li>
<li class="paragraph">Several years in conducting job analysis with using tools such as Mercer IPE.</li>
<li class="paragraph">Expert level knowledge of compensation theory, systems and structures and/or programs.</li>
<li class="paragraph">Strong interpersonal skills and ability to lead processes and projects, within a culturally diverse and ambiguous environment, with flexibility of thought and action to influence and support the business. </li>
<li class="paragraph">Strong customer service focus, sense of urgency to meet or exceed customer expectations, and achieve daily commitments.</li>
<li class="paragraph">Ability to analyse information and data, problem solve, improve processes and proactively address risks and use this information to lead processes and projects.</li>
<li class="paragraph">Very strong and demonstrated customer service and problem-solving skills with high degree of judgment, discretion, confidentiality, planning and time management skills</li>
<li class="paragraph">Strong proficiency in the use of personal computers, preferably Microsoft software applications, such as Word, Excel and PowerPoint and networked computer systems.</li>
<li class="paragraph">Ability to handle multiple tasks, work under pressure, with deadlines to achieve service level agreements. </li>
<li class="paragraph">Proficiency in the English language, with excellent verbal, reading and written skills to communicate effectively, analyse information, </li>
<li class="paragraph">Solid knowledge of the relevant systems, local laws and regulations applicable to the countries supported.</li>
</ul>

What are your goals? Here at Grundfos it’s our mission to help you develop and fulfil your ambitions, both career and personal. We are guided by our <a href="https://www.grundfos.com/about-us/our-purpose-and-values" style="color:blue;text-decoration:underline">six core values</a>, and you’ll find that your fresh ideas will be welcomed and make a difference in everything from local to large-scale global projects. You’ll encounter colleagues from all over the world both as part of your daily work, supporting and all the while broadening each other’s cultural horizons.

In addition, your day-to-day benefits include:

To dig deeper into the Grundfos universe, follow us on <a href="http://linkedin.com/company/grundfos" style="color:blue;text-decoration:underline">LinkedIn</a> or <a href="http://youtube.com/user/grundfos" style="color:blue;text-decoration:underline">Youtube</a>, and to get to know some of your future colleagues and why they love working at Grundfos, check out <a href="https://www.grundfos.com/careers/meet-our-people" style="color:blue;text-decoration:underline">Meet our people</a>

We look forward to hearing from you.
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Senior Compensation Specialist (Budapest, HU, 1062)

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