Werfen Looking for Senior Compensation Analyst at Bedford, Texas Full Time

Overview

Werfen

Werfen, founded in 1966, is a worldwide developer, manufacturer and distributor of specialized diagnostic instruments, related reagents, automation workcells, and data management solutions for use primarily in hospitals and independent clinical laboratories.  The Company’s business lines include Hemostasis, Acute Care, and Autoimmunity diagnostics, as well as Original Equipment Manufacturing.  Our success comes from a specific focus in these rapidly evolving diagnostic areas, our commitment to customers, and our dedication to innovation and quality.  We’re passionate about providing healthcare professionals the most valuable and complete solutions to improve hospital efficiency and enhance patient care.

Our North American Commercial Operations, as well as our Headquarters and Technology Center for Hemostasis and Acute Care Diagnostics, are based in Bedford, MA.  Our Headquarters and Technology Center for Autoimmunity Diagnostics is based in San Diego, CA.  Additionally, our Technology Center for Hemostasis and Blood Gas Reagents is in Orangeburg, NY, and our Technology Center for Whole Blood Hemostasis is in San Diego, CA.

Position Summary:

The Senior Compensation Analyst is a key member of the Corporate HR function at Werfen.  This is an individual contributor role that is responsible for providing strategic direction and implementing key initiatives with regards to the overall compensation strategy for the organization.  This position will be the subject matter expert for the company with regards to pay grades, salary structures, and bonus structures to ensure a robust compensation offering that will ensure we are competitive in the marketplace.  

Responsibilities

Key Accountabilities

Essential Functions:

• Helps develop and maintain a compensation philosophy and compensation guidelines for the company
• Monitors and analyzes industry trends and makes recommendations as needed to ensure that the organizations total compensation offerings are competitive and attractive to both internal and external candidates
• Conducts job evaluations and job grading for all exempt (including executive level) and nonexempt positions.
• Conducts periodic compensation analysis to maintain balance and meet legal requirements, including addressing trends and mitigating any discrepancies
• Provides and approves salary recommendations for all new hires, newly created positions and promotions or other adjustments while ensuring internal equity and compliance with applicable laws
• Manages the annual merit and bonus program for the company
• Pulls data and provides reports as needed
• Works with the HR Business Partners and functional managers to help develop job descriptions and ensure job descriptions/job codes/and paygrades are accurate, up to date and maintained in our systems
• Works with HR Business Partners and Talent Acquisition team to develop and deliver training for our overall compensation philosophy, merit and bonus offerings.
• Manages our Affirmative Action and EEO reporting
• Manages and coordinates the company’s recognition and service award programs

Secondary Functions:

• Conducting and participating in compensation surveys annually or as needed
• Assists departments and HR Business Partners with establishing career ladders
• Work with internal clients and third party service providers as needed to conduct data analysis to ensure market competitiveness
• Presents compensation data, trends and recommendations to senior leaders and functional managers as needed
• Works on other projects as needed

Budget Managed (if applicable):

• May directly or indirectly oversee the compensation budget for merit and bonuses
• Manages budgets and working relationships with third party vendors including but not limited to compensation survey services providers and Affirmative Action service providers

Internal Networking/Key Relationships:

To be determined based on department needs, to include interactions such as:

• Works closely with HR Business Partners, Talent Acquisition team, HR Site leaders at various locations and functional managers to assess and approve all compensation offers, job grades and job descriptions as needed

Skills & Capabilities:

• The ideal candidate for this position will exhibit the following skills and capabilities:
• Ability to create a compensation philosophy and set the compensation vision for the company
• Strong knowledge and comfort with HR Information and reporting systems
• Advanced level with Excel and proficient with other Microsoft Office Tools
• Strong analytical skills and ability to analyze data
• Strong presentation skills (both verbal and written)
• Highly organized and can manage multiple tasks and priorities
• Strong collaboration and teamwork skills
• Ability to maintain sensitive and confidential information is critical

Qualifications

Minimum Knowledge & Experience Required for the Position:

• Bachelor’s Degree or equivalent combination of experience and education required
• Minimum of five years experience in the area of compensation is required with strong knowledge of compensation principles
• Professional certification in compensation is helpful but not required
• Knowledge of applicable laws such as FLSA to determine appropriate categorization of jobs

International Mobility:

• Required: No

Travel Requirements:

• Minimal travel required but may include occasional visits to other sites or meetings to present training or compensation data (estimated less than 5% travel)

If you are interested in constantly learning and being challenged on a daily basis, we encourage you to submit your resume or RESUME.

Werfen appreciates and values diversity. We are an Equal Opportunity/Affirmative Action Employer M/F/D/V.

We operate directly in over 30 countries, and in more than 100 territories through distributors.  Annual revenue is approximately $2 billion and more than 5,000 employees around the world comprise our Werfen team.

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