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Biomerics · 3 weeks ago

Compensation Analyst - Remote

United States

Full-time

Remote

Entry, Mid Level

2+ years exp

Biomerics is a world-class manufacturer and innovative polymer solutions provider for the medical device and biotech industries. The Compensation Analyst will support the development, implementation, and management of the company's compensation programs, ensuring competitiveness and equity in compensation practices while aligning with organizational objectives.

BiotechnologyHealth CareLaserManufacturingMedical Device

Responsibilities

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

Utilize compensation management systems and tools, maintaining functionality, data quality, and collaborating with IT/vendors to resolve issues

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

Qualification

Compensation analysisCompensation software proficiencyWorkday HCM experienceProfessional certification (CCP)Total rewards knowledgeAnalytical skillsDiscretionCommunication skillsIntegrityTeamwork

Required

Bachelor's degree in Human Resources, Finance, Business Administration, or a related field or an equivalent combination of education and experience

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

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