Posting Closes: February 24, 2025 4:30 MST

Employment Status: Full time (6 month contract position)

Servus is growing! We are currently looking for a Senior Compensation Specialist for our People and Culture Team.

Servus Credit Union is Alberta's largest member-owned credit union, known for building strong, resilient communities by helping our members feel good about their money. One of Canada's Best Managed Companies for 20 consecutive years and ranked as one of the top banks in Canada on Forbes World's Best Banks list for two years in a row, we are a team of smart, gutsy and driven individuals.

As a Compensation Specialist you will provide professional leadership and coordination in the development, implementation, and administration of total rewards, including job classification and compensation program modernization. Integrated advice, leadership, and support is provided by working collaboratively with the People and Culture teams and with leaders throughout the organization. This role develops and recommends compensation structures for base and incentive pay that optimizes hiring and maximizes employee retention through analysis of remuneration packages and position responsibilities.

More specifically, the scope of responsibilities will include, but are not limited to:

• Ensure accuracy and consistency in career architecture framework, job leveling, and compensation structures through detailed reviews and audits.

• Collaborate with People & Culture, business leaders, and employees to gather insights, address concerns, and drive alignment on compensation strategies, career architecture, and job levelling.

• Monitor the effectiveness of existing compensation practices and recommend cost-effective changes consistent with compensation trends and the organization's objectives.

• Provide technical expertise and guidance to the People and Culture department and leaders on day-to-day compensation issues, policy interpretation, and provides creative problem resolution.
• Evaluate the effectiveness of compensation practices through internal and external research of performance benchmarks and critical indicators such as turnover statistics, recruitment success studies, annual salary adjustments, equity studies, and salary range variance analyses.
• Plan, develop, and coordinate the implementation of large-scale job structure and market assessments; lead and guide the implementation of job restructuring programs and other strategic compensation projects that impact broadly on key operating facets.
• Develop and deliver training materials to educate People & Culture partners and business leaders on compensation fundamentals, career architecture, pay philosophy, and best practices.

Requirements

Experience:

• 5-7 years of progressively responsible experience in compensation analysis and design.

Education:

• Undergraduate degree in Human Resources, Business Administration or related field

• Certified Compensation Professional (CCP) designation is required

• Chartered Professional in Human Resources (CPHR) designation is considered an asset

Benefits

Working for Servus has outstanding benefits. In addition to standard benefits like health and wellness, vacation and retirement savings programs, we also provide other important benefits such as:

• Training & Development Opportunities
• Career Advancement Potential
• Flexible work options
• Competitive Compensation including performance-based incentive pay
• Meaningful work towards individual and corporate goals
• Opportunities to get involved and give back through an employee volunteer program

For information about these benefits and more, click here.

At Servus, our employees are also members. This means you'll have all the benefits of being a member of the credit union including profit sharing, voting for the board of directors, and all of the services we provide … with a few additional perks!

What happens next?

Only those applicants selected for an interview will be contacted. Should you require any accommodations during the hiring process, please advise us at that time.

Discover a sense of belonging amongst a team of unique, authentic individuals working together to reimagine financial fitness. We value and celebrate the richness that diverse backgrounds and experiences bring to our community. Your skills, passion, and curiosity may find a sense of belonging at Servus, so even if you don't check every box we encourage you to apply!