Compensation Analyst

Bridgewater, NJ
Full Time
Experienced
Summary: 

The Compensation Analyst is a highly strategic individual contributor responsible for the design, development, and administration of the organization's total rewards framework, encompassing compensation, organizational job architecture, and performance management programs. This role ensures our programs are competitive, compliant, and aligned with corporate strategy to attract, motivate, and retain top talent across the organization.


Key Responsibilities:

Compensation Program Management
  • Oversees the development, implementation, and administration of all compensation programs, including base pay, incentives, and recognition programs.
  • Monitors the effectiveness of existing compensation practices and proactively recommends changes that are consistent with compensation trends, regulatory requirements, and corporate objectives.
  • Oversees participation in relevant salary surveys and monitors salary survey data to ensure corporate compensation objectives are achieved.
  • Provides expert advice and guidance to department managers on all pay decisions, policies, and guideline interpretation.
Organizational Design & Job Architecture Strategy
  • Develops, maintains, and implements employee pay grade structures, ensuring consistency and internal equity across the organization.
  • Serves as the primary source of expertise for VPs and Managers regarding job architecture, job descriptions, job evaluations, and strategic compensation analysis.
  • Provides expertise and oversight to ensure that new jobs, management levels, and departments make logical sense within the overall organizational hierarchy and strategic framework.
Performance Management & Career Development
  • Manages the employee performance review process. Identifies and implements systemic changes to the performance reviews to better assess employee performance, and motivate and develop employees.
  • Partners with department managers to create clear and actionable career paths for employees, identifying and creating various job levels with corresponding pay opportunities and supporting development plans for employee career growth.
  • Leads and facilitates the organization's succession planning initiatives to ensure a pipeline of prepared internal candidates for key roles.
Administration & Compliance
  • Maintains all organizational job descriptions, ensuring they are accurate, up-to-date, and consistently formatted for organizational design, compensation, and evaluation purposes.
  • Ensures all compensation and organizational structure practices comply with federal, state, and local laws and regulations.

Qualifications:
  • Bachelor's degree (preferably in Human Resources, Business Administration, or a related field)
  • Strong knowledge of compensation practices, principles, and the regulatory environment
  • Progressive experience in Compensation and/or Total Rewards, with a focus on job architecture and program design
  • Proven experience managing compensation and performance programs
  • Experience in organizational design and developing comprehensive job leveling structures
  • Excellent analytical, communication, and project management skills with the ability to influence senior leaders
Pay Range
The target base salary for this role at commencement of employment is expected to be between $95,000 - $125,000 annually. Final pay determinations will depend on various factors, including, but not limited to geographical location, experience level, knowledge, skills and qualifications.

Benefits
Hamamatsu offers a competitive salary and excellent benefit package for full-time employees which includes: Medical, Dental, Vision, Prescription, Life Insurance, Vacation/Sick/Personal Time, and Retirement Plans.

This position may require working with, or exposure to goods and information that may be subject to the jurisdiction of the US State Department ITAR regulations (https://www.pmddtc.state.gov/index.html) and the Commerce Departments CCL (https://www.bis.doc.gov/index.php).

Hamamatsu is an Equal Opportunity Employer. All applicants will receive fair and impartial consideration without regard to race, religion, color, gender, age, national origin, physical or mental disability, genetic information, veteran status, gender identity, sexual orientation, or any other status protected by applicable law.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability. You can request reasonable accommodations by contacting Human Resources at 908-231-0960 or by email at hc_hr_inquiries@hamamatsu.com . Please include your contact information and specific details about your required accommodation to support you during the job application process. Messages left for other purposes, such as not being able to get into the careers website, following up on an application, or other non-disability related technical issues will not receive a response.

It is the policy of Hamamatsu Corporation not to sponsor immigration visas for employment applicants.

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