Principal Compensation Business Partner

OPEN TO HIRING IN SUNNYVALE-CA ; MARLBOROUGH-MA ; MISSISSAUGA-ON (CANADA) ;

As a Compensation Business Partner, you will collaborate with People Partners and business leaders to deliver competitive and analysis-driven compensation programs aligned with our compensation philosophy and values. You will build effective cross-functional relationships, use your analytical skills to strengthen your recommendations, and influence change using a proactive and consultative approach. You will thrive in dynamic environments, adeptly leading and managing multiple projects, and collaborating across teams to ensure timely and effective execution of compensation initiatives. Your exceptional project management and organizational skills, ability to adapt and thrive during times of change and transformation, and strategic mindset will help you build trust across the organization.

What You’ll Be Doing

• Providing compensation expertise and detailed analysis to the Go to Market function on all aspects of compensation programs.
• Supporting design, change management, and communication efforts associated with our compensation programs and practices.
• Building and maintaining strong relationships with key partners within HR and the business.
• Designing proactive data-driven recommendations to support retention, recognition, promotions, transfers, job matches, and job leveling.
• Leading and managing multiple projects simultaneously with a high degree of initiative.
• Supporting compensation programs cross-functionally and collaboratively, across teams within HR and the business.
• Utilizing SuccessFactors for compensation-related processes.
• Applying advanced technical expertise in Excel, Power Query/BI, and other data analysis functions.
  
  

The Impact You Will Have:

• Driving the strategic goals of the organization through effective compensation planning.
• Ensuring competitive and equitable salary structures that attract and retain top talent.
• Enhancing the effectiveness of compensation programs through data-driven insights.
• Fostering trust and credibility across various working teams in COEs, Total Rewards, the People Partner team and our business.
• Supporting redesign of compensation programs that align with organizational goals and contribute to the overall success and sustainability of Synopsys.
  
  

 

What You’ll Need:

• Experience in broad-based compensation, running company year-end compensation planning, merit/bonus cycles, submitting market data, developing salary ranges, and supporting the business in their planning and jobs.
• Advanced technical expertise in Excel, Power Query/BI, and other data analysis functions.
• Strong compensation analysis and modeling capabilities.
• Strong analytical skills, project management, and organizational skills.
• Proficiency with SuccessFactors (a plus).
• CCP or other relevant certifications (a plus).
  
  

 

Who You Are:

• Creative problem solver with an ability to break down problems.
• Ability to adapt and thrive during times of change and ambiguity.
• Strong communicator and collaborator.
• Detail-oriented and highly organized.
• Proactive and able to take initiative.
  
  

The Team You’ll Be A Part Of:

You will be part of a dynamic and collaborative Total Rewards team that focuses on driving the strategic goals of the organization through effective compensation design, planning and implementation. Our team values innovation, collaboration, and data-driven decision-making, and we work closely with various departments to ensure competitive and equitable compensation practices.

Rewards and Benefits:

We offer a comprehensive range of health, wellness, and financial benefits to cater to your needs. Our total rewards include both monetary and non-monetary offerings. Your recruiter will provide more details about the salary range and benefits during the hiring process.