Job ID: 682469BR Date posted: Dec. 10, 2024
Description:We are seeking an experienced Compensation Specialist Staff to join the Corporate Broadbased Compensation team. The ideal candidate will have a strong background in market research, compensation model development, and cost forecasting. This role requires a strategic thinker with excellent analytical skills who can provide insights and solutions to ensure our compensation structures are competitive, sustainable, and aligned with organizational objectives.

Key Responsibilities

• Analyze market data, conduct comprehensive market research and benchmarking to stay informed about industry compensation trends.
• Develop and implement competitive compensation models that align with business objectives and market trends.
• Collaborate with HR and leadership teams to design and implement equitable pay practices that drive business outcomes.
• Create compensation forecasts to assess the financial implications of proposed salary adjustments or new compensation programs.
• Ensure compliance with federal, state, and local regulations governing compensation programs.
• Maintain up-to-date salary structures, job grades, and pay scales that reflect market dynamics and internal equity.
• Communicate compensation programs and changes effectively across the organization, ensuring transparency and understanding.
• Tell the story behind compensation data, using insights and analytics to inform business decisions, identify trends, and drive strategic conversations with stakeholders.

What’s In It For You

From onsite to remote, we offer flexible work schedules, to comprehensive benefits investing in your future and security, Learn more about Lockheed Martin’s comprehensive benefits package here.

Our Commitment to Diversity and Inclusion

We Hear You, We See You. At LM Enterprise Operations we invest in people and promoting the sharing of ideas to create incredible solutions. We know that our success depends on the combined efforts of diverse thinkers like you! At LM Enterprise Operations, we cultivate an inclusive environment that appreciates differences and unique thinking.

Our global commitment to diversity and inclusion reflects our values of doing what's right, respecting others, and performing with excellence. Learn more here: Global Diversity & Inclusion.
Basic Qualifications:
• Experience in compensation analysis, market research, and model development.
• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
• Proficiency in HRIS systems, data analysis tools, and Microsoft Excel (pivot tables, VLOOKUP, etc.).
• Experience with compensation survey platforms (e.g., Mercer, Radford).
• Strong understanding of labor laws, compliance regulations, and compensation frameworks.
Desired Skills:
• Master's degree in Human Resources, Business Administration, Finance, or a related field.
• Excellent analytical, problem-solving, and communication skills.
Clearance Level: None
Other Important Information You Should Know
Expression of Interest: By applying to this job, you are expressing interest in this position and could be considered for other career opportunities where similar skills and requirements have been identified as a match. Should this match be identified you may be contacted for this and future openings.
Ability to Work Remotely: Full-time Remote Telework: The employee selected for this position will work remotely full time at a location other than a Lockheed Martin designated office/job site. Employees may travel to a Lockheed Martin office for periodic meetings.
Work Schedules: Lockheed Martin supports a variety of alternate work schedules that provide additional flexibility to our employees. Schedules range from standard 40 hours over a five day work week while others may be condensed. These condensed schedules provide employees with additional time away from the office and are in addition to our Paid Time off benefits.
Schedule for this Position: 4x10 hour day, 3 days off per week
Pay Rate:
The annual base salary range for this position in most major metropolitan areas in California and New York is $105,000 - $197,800. For states not referenced above, the salary range for this position will reflect the candidate’s final work location. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate’s work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
This position is incentive plan eligible.
Pay Rate:
The annual base salary range for this position in California and New York (excluding most major metropolitan areas), Colorado, Hawaii, Maryland, Washington or Washington DC is $91,300 - $175,000. For states not referenced above, the salary range for this position will reflect the candidate’s final work location. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.

Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
(Washington state applicants only) Non-represented full-time employees: accrue at least 10 hours per month of Paid Time Off (PTO) to be used for incidental absences and other reasons; receive at least 90 hours for holidays. Represented full time employees accrue 6.67 hours of Vacation per month; accrue up to 52 hours of sick leave annually; receive at least 96 hours for holidays. PTO, Vacation, sick leave, and holiday hours are prorated based on start date during the calendar year.

This position is incentive plan eligible.
Lockheed Martin is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
The application window will close in 90 days; applicants are encouraged to apply within 5 - 30 days of the requisition posting date in order to receive optimal consideration.
At Lockheed Martin, we use our passion for purposeful innovation to help keep people safe and solve the world's most complex challenges. Our people are some of the greatest minds in the industry and truly make Lockheed Martin a great place to work.

With our employees as our priority, we provide diverse career opportunities designed to propel, develop, and boost agility. Our flexible schedules, competitive pay, and comprehensive benefits enable our employees to live a healthy, fulfilling life at and outside of work. We place an emphasis on empowering our employees by fostering an inclusive environment built upon integrity and corporate responsibility.

If this sounds like a culture you connect with, you’re invited to apply for this role. Or, if you are unsure whether your experience aligns with the requirements of this position, we encourage you to search on Lockheed Martin Jobs, and apply for roles that align with your qualifications.
Experience Level: Experienced Professional
Business Unit: CORPORATE HEADQUARTERS
Relocation Available: No
Career Area: Human Resources
Type: Full-Time
Shift: First