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The leading vertically integrated medical device contract manufacturer serving the interventional device market.
Compensation Analyst
Location
North America
Posted
12 hours ago
Salary
0
Seniority
Mid Level
Job Description
Compensation Analyst
Biomerics
• Support the development, implementation, and management of the company's compensation programs. • Analyze compensation data, conduct market research, and ensure that compensation practices are competitive and equitable. • Conduct analyses of compensation data to ensure internal equity and external competitiveness, evaluating salary structures, job roles, and packages with recommendations as needed. • Perform market research and benchmarking, analyzing trends and providing recommendations based on industry data. • Assist in developing, maintaining, and aligning job families, salary ranges, and pay structures with organizational goals and market practices. • Prepare and maintain accurate reports and data on compensation metrics, trends, and comparisons, ensuring data integrity across systems. • Ensure compliance with federal, state, and local regulations, monitoring changes and implementing necessary adjustments. • Support the design, management, and evaluation of incentive and bonus programs, recommending improvements. • Provide guidance and respond to employee and management inquiries on pay structures, adjustments, and incentive programs with clear communication. • Identify and implement process improvements to enhance the efficiency and effectiveness of compensation operations. • Collaborate with HR, finance, and other departments to align compensation practices with organizational objectives and support related projects. • Assist with total rewards initiatives, including benefits, wellness programs, and employee perks, ensuring integration with compensation strategies. • Support the evaluation and implementation of Workday modules related to compensation and total rewards programs.
Job Requirements
- Bachelor’s degree in Human Resources, Finance, Business Administration, or a related field or an equivalent combination of education and experience.
- Professional certification in compensation (e.g., CCP - Certified Compensation Professional) is a plus but not required.
- Minimum of 2 years of experience in compensation analysis or a related field.
- Strong understanding of compensation principles, practices, and regulations.
- Proficiency in compensation software and tools (e.g., PayScale, MarketPay, Compensate).
- Experience with Workday HCM, particularly in compensation and/or benefits modules; Workday implementation experience is a plus.
- Knowledge of total rewards programs, including benefits, wellness, and perks, with the ability to integrate these into broader compensation strategies.
- Excellent analytical skills with the ability to interpret complex data and provide actionable insights.
- Strong communication skills, with the ability to present data and recommendations clearly to management and stakeholders.
- High level of integrity and discretion when handling confidential information.
- Ability to work independently and as part of a team, managing multiple priorities in a dynamic environment.
Benefits
- Employee wellness programs
- Incentive and bonus programs
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