Compensation and Benefits Specialist

Palfinger

$88K — $105K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration, Human Resources, Accounting, Finance, or related field; equivalent experience considered.
  • 5+ years of compensation experience; 3+ years in benefits administration.
  • Advanced Excel skills (pivot tables, complex formulas, macros) for data analysis and reporting.
  • Strong communication and presentation skills to clarify complex concepts.
  • Detail-oriented with a proven ability to maintain confidentiality and collaborate with diverse teams.

Responsibilities

  • Conduct job evaluations and market analyses to ensure competitive compensation structures.
  • Collaborate with HR Business Partners and business leaders on compensation initiatives and adjustments.
  • Administer comprehensive health, welfare, retirement, and ancillary benefits programs.
  • Ensure compliance with relevant regulations such as ERISA, COBRA, and ACA.
  • Manage vendor relationships and benefit processes for program improvement.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • 401(k) retirement plan with company match.
  • Paid time off and company holidays.
  • Wellness resources available to employees.
  • Career development opportunities within a reputable global organization.
  • Hybrid work environment, with three days onsite in Schaumburg office.
Full Job Description
Reach Beyond at PALFINGER as a Compensation & Benefits Specialist, where you'll play a key role in designing, analyzing, and administering compensation and benefits programs that help attract, retain, and engage top talent. In this hybrid position based in our Schaumburg, IL, North American Headquarters, you will partner closely with HR Business Partners and business leaders to ensure compensation practices are competitive, equitable, compliant, and aligned with business objectives. You will also serve as the primary resource for benefits administration, supporting health, welfare, and retirement plans while ensuring compliance with regulatory requirements. This role offers the opportunity to influence employee experience, support strategic HR initiatives, and contribute to programs that drive organizational success.

Your Responsibilities
  • Conduct job evaluations, benchmark positions, and perform market analyses to ensure competitive compensation programs.
  • Partner with HR Business Partners, Talent Acquisition, and business leaders on compensation initiatives including promotions, transfers, salary adjustments, merit increases, and bonus planning.
  • Administer health, welfare, retirement, and ancillary benefit programs while serving as the primary point of contact for employee benefits questions and issues.
  • Ensure compliance with ERISA, COBRA, ACA, and other federal, state, and local regulations, including audits, filings, and reporting requirements.
  • Manage benefits processes, vendor relationships, invoice reconciliation, system audits, and special projects that support continuous program improvement.
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Your Qualifications
  • Bachelor's degree in Business Administration, Human Resources, Accounting, Finance, or a related field preferred; equivalent professional experience may be substituted.
  • Minimum of 5 years of compensation experience and 3 years of benefits administration experience.
  • Advanced Excel expertise, including pivot tables, complex formulas, data analysis tools, macros/VBA, Power Query, and advanced reporting capabilities.
  • Excellent communication and presentation skills with the ability to explain complex information clearly and effectively.
  • Strong attention to detail, ability to maintain confidentiality, and proven success collaborating with HR and business leaders.
_____

What We Offer
  • Competitive base salary ranging from$88,000 - $105,000 annually, plus bonus eligibility.
  • Comprehensive medical, dental, and vision insurance offerings.
  • 401(k) retirement savings plan with company match.
  • Paid time off, company holidays, and wellness resources.
  • Career development opportunities within a global industry leader.
  • Hybrid work environment with three days per week onsite in our Schaumburg, Illinois office.


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