Prepare for your Compensation Specialist interview. Understand the required skills and qualifications, anticipate the questions you may be asked, and study well-prepared answers using our sample responses.
The Fair Labor Standards Act is a federal law that governs how employers should pay their employees. Employers ask this question to make sure you have experience with the FLSA and can apply it to their company’s compensation strategy. In your answer, explain that you are familiar with the FLSA and have used it to calculate employee wages for previous employers.
Answer Example: “Yes, I am very familiar with the Fair Labor Standards Act. I have been working as a Compensation Specialist for the past five years, and I have used the FLSA to calculate employee wages for all of my clients. I am comfortable calculating overtime pay, minimum wage, and other aspects of the FLSA.”
This question can help the interviewer understand how you use your knowledge of compensation and employee benefits to make decisions that are beneficial for the company and its employees. Your answer should show that you know what factors are important when determining compensation, such as experience level, performance and job responsibilities.
Answer Example: “I consider several factors when determining an employee’s compensation, including their experience level, performance and job responsibilities. For example, if an employee has been with the company for several years and has consistently met or exceeded their goals, I would likely increase their salary or give them a bonus. If they have recently started working at the company, I may give them a smaller raise or bonus until they prove themselves.”
The Fair Labor Standards Act is a federal law that regulates minimum wage, overtime and child labor. Employers ask this question to make sure you have the knowledge and experience necessary to comply with federal labor laws. Before your interview, research the Fair Labor Standards Act and make sure you understand how it applies to compensation specialists.
Answer Example: “Yes, I am very familiar with the Fair Labor Standards Act. I have been working as a compensation specialist for five years now, and I have always made sure to stay up to date on all changes and updates to the law. In fact, I recently attended a seminar where an attorney discussed some of the latest rulings regarding the FLSA.”
This question can help the interviewer understand how you use your expertise to create competitive compensation packages for employees. Your answer should include a few factors that are important to your work, such as experience level, performance and market trends.
Answer Example: “I consider the employee’s experience level, performance and productivity when developing a compensation package for them. For example, if an employee has been with the company for several years and has consistently met or exceeded their goals, I may offer them a raise or bonus based on their past performance. In addition, I take into account current market trends when deciding how much to pay an employee. If they are new to the company, I may offer them a lower salary at first but plan to increase it over time as they prove themselves.”
Compensation specialists work with confidential employee information, including salary data and other personal information. Employers ask this question to make sure you know how to keep this information private. In your answer, explain that you are aware of the importance of maintaining confidentiality and will do everything in your power to keep it safe.
Answer Example: “I understand the importance of maintaining confidentiality when working with confidential information. I am committed to keeping all employee salary data and other confidential employee information private. To do so, I always ensure that my computer is secure and password protected. I also avoid sharing this information with anyone who does not need to know. Finally, I shred all documents containing confidential information before disposing of them.”