Full-Time

Payroll Shared Services Specialist

Posted on 11/15/2024

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Junior, Mid

Atlanta, GA, USA

Requires at least 2 days a week in the office.

Category
Human Resources
People & HR
Requirements
  • Bachelor's Degree or 4 years equivalent experience; Bachelor's or in pursuit of advanced degree preferred
  • Two to five years preferred
Responsibilities
  • Monitor and promptly respond to Workday Help cases within SLA (Service Level Agreement).
  • Support HR Business Partner ad-hoc requests by processing employee job changes, maintenance of accurate reporting on HR activities
  • Review and update the Shared Services website and links to resources as needed.
  • Promote usage of the Workday Help case functionality and self-service options to empower employees with the self-efficacy to use available resources.
  • Support of HR cyclical processes including year end compensation, performance management, organizational development, educational reimbursement, and various other projects/ad-hoc requests
  • Partner and collaborate with internal HR teams to resolve manager and employee questions within defined timelines.
  • Through analysis, proactively identifies and implements opportunities to improve the customer (employee) experience through changes in protocols internally and through vendors.
  • Research and recommend related business industry best practices and trends to the Shared Services team.
  • Provides back-up to Payroll and other HR functions
  • Performs additional duties as assigned
The Federal Reserve System

The Federal Reserve System

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The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its goals. The primary aim of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

N/A

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at the Federal Reserve offers the opportunity to contribute to significant economic policies that impact the global economy.
  • The Fed's diverse and inclusive work environment fosters creativity and innovation, providing room for personal and professional growth.
  • Employees benefit from a high-performance culture with meaningful responsibilities and a strong work-life balance.

What critics are saying

  • The Federal Reserve's involvement in controversial areas like crypto regulation and monetary policy can lead to public scrutiny and pressure.
  • The complexity and scale of its operations may result in slower adoption of new technologies, as seen with the FedNow system.

What makes The Federal Reserve System unique

  • The Federal Reserve System stands out as the central bank of the United States, wielding unparalleled influence over national monetary policy and financial stability.
  • Its role in supervising and regulating banks, alongside providing financial services to the U.S. government, sets it apart from other financial institutions.
  • The Fed's introduction of innovative systems like the FedNow instant payments platform highlights its commitment to modernizing financial services.

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