- Support day-to-day compensation activities including market data requests, off-cycle promotions/pay adjustments and ad-hoc data requests and pay analysis
- Supports development of tools, dashboards, infographics and insights using Excel, Power BI, Smartsheet and other tools to assist stakeholders in making compensation decisions and broader people analytics insights
- Assists the Director, Compensation, Mobility and People Analytics in preparing for annual and mid-year compensation cycles by ensuring Oracle platform set up and management, budget management and manager/employee communications
- Participate in compensation surveys to collect and analyze competitive total compensation information to help evaluate and guide effective compensation administration in line with our compensation philosophy.
- Partner with Talent Acquisition team members on the creation of compelling U.S. new hire offer packages using market data and philosophy.
- Maintains accurate files and documents, including but not limited to pay and equity reviews, job descriptions, job codes, compensation structures, and other compensation related information.
- Supports the development of Compensation Committee materials
- Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
- Keeps apprised of federal, state, local and international employment, compensation, and data-privacy related laws and regulations in order to ensure compliance.
- Bachelor's degree and 3 years of experience in Total Rewards
- 4-6+years of experience in compensation analysis, preferably in the biotechnology industry
- Strong proficiency in Excel and experience with Payfactors
- Experience with international compensation preferred
- Current knowledge of related government rules and regulations, including, but not limited to ERISA, FLSA and other applicable Labor and/or Tax laws and regulations; fulfills compliance and reporting requirements
- Ability to work in a highly collaborative, matrix environment with the ability to manage through conflict resolution
- Excellent written and oral communication skills
- Strong analytical ability, detail oriented, and proficiency in data management a plus
- Roll up your sleeves, can-do demeanor with ability to work independently while also being an enthusiastic teammate with strong partnering orientation
- A collaborator who communicates in an open, clear, complete, timely and consistent manner verbally, written and interpersonally
- Outstanding analytical skills and attention to detail which informs strong organizational skills with the ability to prioritize and multi-task
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Compensation Analyst - Cambridge, United States - The Planet Group
Description
Compensation Analyst
Contract 9+ months
Process: video interview
Industry: Biotech, public company, about 650 employees
Hours: 40 hours per week
Location: Hybrid - mostly remote but close enough to work in Cambridge, MA about 2-4 times per month
Must haves:
-Bachelor's degree
-3+ years of compensation analysis
-Excel
-Vaccinated for Covid
Preferred:
-Biotech or Pharmaceutical industry
-International compensation
-Payfactors
-Power BI
Job Description:
The Compensation Contractor will support efforts in the analysis and design, execution and communication of our compensation programs ensuring they are competitive, sustainable & scalable. This team member will also bring their unique perspective coupled with intelligence, innate ability to connect information, and collaborative team style to drive our collective success. Additionally, the successful candidate has demonstrated the ability to mix the science of compensation with the art of motivating and driving engagement while partnering day-to-day with employees, managers, team members and senior leaders to attract, retain and engage our employees.
What will be your responsibilities?
What qualifications do we require?
What qualifications do we prefer?
What capabilities do you bring?
Job ID: 616904
