Compensation Analyst

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Biomerics

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1994

🧬 Biotechnology

⚕️ Healthcare Insurance

💊 Pharmaceuticals

Biotechnology • Healthcare Insurance • Pharmaceuticals

Biomerics is a medical device contract manufacturer specializing in the development and manufacturing of complex interventional components and devices. With expertise in engineering innovative solutions, Biomerics offers a wide range of capabilities from polymer and metal expertise to in-house custom compounding. The company serves as a strategic partner to original equipment manufacturers (OEMs) in the medical industry, providing end-to-end solutions from design to final assembly. Biomerics is known for its minimally invasive device expertise and strategic global locations, offering customer-focused, scalable manufacturing solutions.

📋 Description

• 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.

🎯 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