Hire to retire! EconSys is currently serving more than 100 federal agencies.
Founded in 1990, EconSys provides technology-driven and evidence-based solutions for federal workforce policies and priorities. Through its FedHR Navigator and cloud-based tools, EconSys supports strategic planning, data analysis, reporting, and personnel case processing. The company specializes in federal HR automation using SaaS solutions like FedHR Navigator and Workforce Gap Predictor to streamline processes such as recruiting, position management, and retirement. EconSys also offers management consulting services, including project management, workforce analysis, and business case development, with a team of experts in HR, IT, and analytics. Their solutions are tailored to meet government agency needs by integrating technology with workforce management expertise.
We believe our employees are the source of our continued success. Our employees engage in exciting and rewarding opportunities that challenge their abilities, in an environment that encourages both personal and professional growth.
JOB SUMMARY
The Compensation Specialist is responsible for analyzing, developing, and administering compensation programs that align with federal contracting requirements, ensuring compliance with applicable laws, regulations, and agency guidelines. This role involves conducting salary benchmarking, reviewing job classifications, supporting proposal pricing, and advising on pay-related matters.
ESSENTIAL JOB FUNCTIONS
- Conducts job evaluations, salary analyses and benchmarking to ensure competitive and equitable compensation structures.
- Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
- Develops and maintains compensation plans that align with the Federal Acquisition Regulation (FAR), Service Contract Act (SCA), and other government regulations.
- Ensures job descriptions and position titles are consistent with job level and exemption status.
- Reviews and updates job classifications to ensure compliance with labor laws and federal contract requirements.
- Assists in proposal development by providing salary and benefits cost analysis for bid submissions.
- Develops and supports the review process, evaluates and recommends salary increases and other compensation adjustments, and administers pay adjustments, promotions, and merit increases based on performance and contract stipulations.
- Collaborates with management to develop competitive compensation offers for new hires.
- Collaborates with HR and management to address compensation-related inquiries and policy interpretations.
- Ensures compliance with wage determination requirements under the SCA and other applicable wage laws.
- Conducts internal audits and assist in responding to government audits related to compensation practices.
- Generates compensation reports and provides data-driven recommendations to management including compensation data insights.
- Researches and recommends methods to control compensation costs.
- Advises management on applicable federal, state, and local regulations (e.g., OFFCP requirements, FLSA, ERISA, pay equity laws).
- Participates in and advises on employee recognition and total reward programs.
- Maintains and updates compensation data and records, ensuring accuracy and confidentiality.
QUALIFICATIONS, EDUCATION, AND EXPERIENCE
- Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field.
- Must be able to successfully pass a comprehensive background check and obtain and maintain a government-required security clearance, if needed.
- 3-5 years of compensation experience, preferably within a federal contracting environment.
- Knowledge of federal regulations, including the SCA, Davis-Bacon Act, and FAR guidelines.
- Experience with compensation analysis tools and HRIS systems.
- Strong analytical skills and attention to detail.
- Ability to handle sensitive information with confidentiality and professionalism.
- Ability to interpret and apply labor laws and regulations to compensation programs.
- Excellent communication and problem-solving skills.
- Certified Compensation Professional (CCP) or related certification.
- Experience supporting federal contract pricing and proposal development.
- Familiarity with eCompensation tools and government wage databases.
As a full-time employee of Economic System, Inc. you are eligible for a comprehensive benefits package to our team, including, paid time off, sick leave, 11 paid holidays, medical, dental, vision, flexible spending account (FSA), Health reimbursement account (HRA), life, short term disability, long term disability, 401(k) retirement savings & matching, supplemental benefits, professional development opportunities, and a flexible schedule (in alignment with contractual requirements).
EconSys hires professionals who are driven by excellence, committed to integrity, and inspired by opportunities to deliver impactful results. Through innovative technology and expert consulting, we streamline federal workforce processes and help agencies achieve their goals efficiently. We are an Equal Opportunity Employer and as such, we evaluate and hire qualified candidates in full consideration without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, sexual orientation, genetic information, or any other protected characteristic under applicable law.
As a Federal contractor, EconSys complies with E-Verify requirements for Federal contractors and Pay Transparency statutes. For more information about pay transparency and your rights, please visit the U.S. Department of Labor’s website or refer to specific state guidelines.
Job Types: Full-time, Part-time, Contract
Pay: $33.65 - $36.06 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Disability insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Parental leave
- Retirement plan
- Vision insurance
Schedule:
Work Location: Hybrid remote in Falls Church, VA 2204
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