FAQs
What qualifications are needed for the Compensation Specialist position?
A Bachelor’s degree in human resources, finance, or business, or an equivalent combination of education and work experience, along with a minimum of 3 years of related work experience in compensation and benefits, is required.
Is there a specific experience required in HR for this role?
Yes, a minimum of 5 years of HR experience is required, with proven training in HR Management, Business Administration, or an equivalent field.
What knowledge is essential for the Compensation Specialist position?
Knowledge of the Fair Labor Standards Act (FLSA), federal, state, and local laws affecting HR practices, as well as salary planning tools, job evaluation techniques, and market salary trends is essential.
What software skills are necessary for this job?
Proficiency in the Microsoft Office Suite, particularly Excel, is necessary for this position.
What are some of the key responsibilities of a Compensation Specialist?
Responsibilities include implementing Compensation and Benefits levels, translating global guidelines into local frameworks, collaborating with other departments, and improving HR compensation and benefits reporting and analytics.
How does the team at IKEA value diversity?
The team believes that diverse experiences and backgrounds collectively make them wiser and stronger, ensuring that co-workers can grow into their best selves.
What kind of benefits does IKEA offer to its co-workers?
Benefits include generous paid time off, early access to earned wages, paid parental leave, tuition discounts, retirement and bonus plans, health plans, and a fun and inclusive work environment.
Is this position full-time or part-time?
The Compensation Specialist position is full-time and permanent.
What is the salary range for this position?
The salary range for the Compensation Specialist position is between $87,891 and $130,959.
How much experience is required specifically in compensation programs?
A minimum of 3 years of experience supporting the design and administration of base pay and incentive compensation programs is required.