Sr. Compensation Analyst
Description
Sr. Compensation Analyst
This is a great opportunity to join a successful and fast-growing Biopharma company focused on developing innovative new therapies in the oncology space. This is an exciting time within the organization as they are in the midst of a transformation phase, and continuing to build out a dynamic, high-caliber Compensation function is a priority. In this role, you will report directly to an excellent Head of Compensation (with whom we have a longstanding relationship) and serve as the analytical backbone of the department. You would be joining this company at the perfect time (i.e. high-growth/building mode, multiple anticipated drug launches, etc) and be part of this exciting new chapter in the company’s growth.
REQUIRED EXPERIENCE:
- Bachelor’s degree in HR Management or relevant discipline. MBA is preferred.
- 4+ years of relevant experience in such compensation areas as:
- Compensation or financial analysis, or related experience
- Knowledge of job evaluation techniques, including market-pricing methodology
- Familiarity with WorkDay Compensation Module and MarketPay pricing tool, incentive design, etc.
Features
- Key Role: This is an exciting opportunity where you will play an important role in delivering the company-wide total well-being strategy to drive an excellent employee experience.
- Ability to Impact: This “new look” Comp function truly represents the company’s commitment to transforming HR and creating more efficient processes for the continued long-term success of the company.
- High-Growth Biopharma: Being a mid-sized company, our client operates leaner than in Big Pharma, which will lend itself to more visibility/exposure and a greater chance to truly impact.
- Enjoy the Best of Both Worlds: Join a successful and financially stable company, while also getting all the pluses of working for a fast-growing organization that operates more like a smaller biotech (high impact, autonomy, swifter decision-making, collaboration/camaraderie).
- Top-Notch HR Leadership Team: You will report to an excellent Head of Compensation and work closely with a truly top-notch senior leadership team with an excellent reputation in the industry.
- Robust Oncology Pipeline & Multiple Upcoming Drug Launches: Leveraged by its technology and robust R&D pipeline (including multiple anticipated upcoming drug launches), this company is well-positioned for continued success and sustained long-term growth.
Responsibilities
- Serves as the analytical backbone of the Compensation Team. Responsible for the integrity of external market data and the smooth operation of the annual compensation planning process.
- Project manages the annual compensation review process. Develops related training and communication. In partnership with HR Systems & People Analytics Team, may perform user acceptance testing on system enhancements to the application. Ensures adherence to overall project timeline.
- Accountable for the salary survey submission process. Tracks surveys and due dates. Prepares compensation profile, position matches and data compilation for salary survey submission. Maintains employee and survey data in the MarketPay online market-pricing application.
- Administers the Arigato Recognition Program and Service Award Program. Develops budget and budget allocation methodology. Serve as Workplace Solutions point of contact as they administer and track point budget within the program as well as the financial spend for the core program and special projects with Finance and Accounting.
- Serves as the team expert on the MarketPay online market-pricing application. Creates best practices on usage of the tool and shares with the team.
- Conducts market analysis for individual employees/teams and develops recommendations for pay adjustments, promotional or developmental increases, and hiring ranges.
- Accountable for annual market pricing process, updating levels and upload into Workday. May analyze salary survey results to assess market competitiveness, and effectiveness of pay related programs
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