Compensation Analyst

Job Type

Full-time

Description
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 the lives of our employees and patients who depend on our products.
At Biomerics, we believe in integrity, partnership, empowerment and accountability, trust, agility, teamwork, and excellence, and we care. Our team-oriented, customer-focused corporate culture prioritizes building strategic, mutually beneficial partnerships with customers and our team members.
As a
Compensation Analyst
at Biomerics, you will be responsible for supporting the development, implementation, and management of the company's compensation programs. You will analyze compensation data, conduct market research, and ensure that compensation practices are competitive and equitable. Your insights will help in designing compensation structures that attract, retain, and motivate top talent while aligning with Biomerics' strategic objectives.

• 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.
• Utilize compensation management systems and tools, maintaining functionality, data quality, and collaborating with IT/vendors to resolve issues.
• 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.