What are the responsibilities and job description for the Compensation Analyst position at Biomerics?
Job Type
Full-time
Description
Company Overview
Biomerics is a world-class manufacturer and innovative polymer solutions provider for the medical device and biotech industries. As a vertically integrated company, we specialize in designing, developing, and producing medical devices for diagnostic and interventional procedures. We are focused on next-generation solutions for vascular access, electrophysiology, cardiac rhythm management, neurovascular, structural heart, and cardiovascular markets.?
At Biomerics, we are dedicated to our diverse employee base. We understand that a strong, skilled, and engaged workforce is the foundation of our continued success as a business. We strive to live up to the Biomerics values in all our interactions. It is an exciting time to be part of our collective team, and there is no limit to the impact that can be achieved here at Biomerics.?We improve and advance our employees' lives, and the patients' lives that depend on our products.
At Biomerics, we believe in integrity, partnership, empowerment and accountability, trust, agility, teamwork, excellence, and care. Our team-oriented, customer-focused corporate culture prioritizes building strategic, mutually beneficial partnerships with customers and team members.
The Compensation Analyst will develop, communicate, implement, and administer Biomerics compensation programs.? This position will partner with leadership to establish structure, policies, and procedures to make Biomerics a great place to work and attract, retain, and motivate top talent. This role will also be responsible for tracking, auditing, and administering the equity programs. Additionally, this role will become a superuser on HR systems and data reporting.?
Responsibilities
Please, No Recruitment Agency calls or emails (we are not using recruitment services for this or any other role posted).
The salary estimates are estimates from this job board and not a guarantee from Biomerics' salary range.?
Biomerics does not accept non-solicited resumes or candidate submittals from search/recruiting agencies that are not already on Biomerics' approved agency list. Unsolicited resumes or candidate information submitted to Biomerics by search/recruiting agencies not already on Biomerics approved agency list shall become the property of Biomerics, and if Biomerics subsequently hire the candidate, Biomerics shall not owe any fee to the submitting agency.
Full-time
Description
Company Overview
Biomerics is a world-class manufacturer and innovative polymer solutions provider for the medical device and biotech industries. As a vertically integrated company, we specialize in designing, developing, and producing medical devices for diagnostic and interventional procedures. We are focused on next-generation solutions for vascular access, electrophysiology, cardiac rhythm management, neurovascular, structural heart, and cardiovascular markets.?
At Biomerics, we are dedicated to our diverse employee base. We understand that a strong, skilled, and engaged workforce is the foundation of our continued success as a business. We strive to live up to the Biomerics values in all our interactions. It is an exciting time to be part of our collective team, and there is no limit to the impact that can be achieved here at Biomerics.?We improve and advance our employees' lives, and the patients' lives that depend on our products.
At Biomerics, we believe in integrity, partnership, empowerment and accountability, trust, agility, teamwork, excellence, and care. Our team-oriented, customer-focused corporate culture prioritizes building strategic, mutually beneficial partnerships with customers and team members.
The Compensation Analyst will develop, communicate, implement, and administer Biomerics compensation programs.? This position will partner with leadership to establish structure, policies, and procedures to make Biomerics a great place to work and attract, retain, and motivate top talent. This role will also be responsible for tracking, auditing, and administering the equity programs. Additionally, this role will become a superuser on HR systems and data reporting.?
Responsibilities
- Job Analysis and Evaluation: Price new jobs using salary surveys or slotting. Determine the exemption status of jobs. Meet directly with leaders at all levels to conduct job analysis.
- Participate in salary surveys and analyze data from survey sources to determine competitiveness.
- Implement and maintain the global pay structure, job architecture, compensation policies, and procedures.
- Support the design of global pay structure, variable pay structure, stock grant schedule, job architecture, and comp and benefits policies/procedures.
- Meet directly with HR partners and company leaders at all levels to consult on base pay, bonus targets, market data, job architecture, and policies/procedures related to compensation.
- Administer the annual pay analysis process to ensure pay alignment with company philosophies and strategies.
- Examine and evaluate employee compensation programs to ensure all programs are fulfilling their objectives to attract, retain, and motivate team members.
- Partner with leadership across the organization to write job descriptions. Maintain a database of all job descriptions. Interview and survey employees and managers to gather and document job, organizational, and occupational information, including duties, responsibilities, and skills required by each job.
- Determine the FLSA exemption status and ensure compliance with all federal and state compensation laws
- Write and deliver relevant communications and training to team members.
- Conduct data analysis, reporting and audits.
- Manage compensation functions in HR information systems and be a superuser within the org and team.
- Maintain and create records, reports, and documentation in accordance with federal, state, and provider regulations.
- Administer and track equity programs with 100% accuracy, including auditing existing agreements and managing equity programs under the supervision of leadership.
- Other duties as assigned.
- A bachelor’s degree or equivalent work experience in a related field, plus 5 to 7 years of experience as a Compensation Analyst and/or Benefits Specialist.??
- Advanced Excel skills required.
- Advanced knowledge of compensation, bonus, and equity plans, programs, and administration.
- Advanced knowledge of quantitative and qualitative research methods preferred.
- Advanced knowledge of human resource laws, regulations, and best practices required.
- Excellent written and verbal communication skills.
- Excellent organizational and time management skills.
- CCP certification preferred.
Please, No Recruitment Agency calls or emails (we are not using recruitment services for this or any other role posted).
The salary estimates are estimates from this job board and not a guarantee from Biomerics' salary range.?
Biomerics does not accept non-solicited resumes or candidate submittals from search/recruiting agencies that are not already on Biomerics' approved agency list. Unsolicited resumes or candidate information submitted to Biomerics by search/recruiting agencies not already on Biomerics approved agency list shall become the property of Biomerics, and if Biomerics subsequently hire the candidate, Biomerics shall not owe any fee to the submitting agency.
