Compensation Manager

4 days ago


Somerset, New Jersey, United States Terumo Full time
Job Summary

Terumo Medical Corporation is seeking a highly skilled Compensation Manager to lead the design, implementation, and administration of our compensation programs. This role will play a critical part in driving organizational alignment and ensuring that our compensation strategies are competitive, equitable, and compliant with relevant labor laws and regulations.

Key Responsibilities
  • Develop and implement total rewards compensation and incentive programs that align with company objectives.
  • Conduct regular reviews and analyses of our programs and packages to ensure competitiveness and internal equity.
  • Evaluate the effectiveness of existing policies, guidelines, and procedures, and recommend revisions as needed.
  • Manage the benchmarking, design, and implementation of all compensation programs, including base pay, incentives, sales compensation, and long-term incentive plans.
  • Ensure the administrative aspects of compensation are efficient, effective, and scalable as the organization grows.
  • Participate in and review market benchmark surveys, analyze competitive market data, and develop recommendations for updates to job architecture, salary structures, and incentive targets.
  • Provide expertise and guidance to other members of the HR team, including pay decisions, policy and guideline interpretations, and job evaluations.
  • Stay current on state and federal regulations relevant to compensation and ensure that recommendations and policies comply.
Requirements
  • Bachelor's degree and a minimum of 15+ years of human resources experience in compensation and HRIS/HR technology, with three years' experience in team or project management.
  • Experience with market-based pricing, short and long-term incentive administration, and other compensation frameworks.
  • Experience implementing, utilizing, and improving HRIS tools and systems to manage compensation and related processes.
  • Experience with ADP EV6, SuccessFactors, CompAnalyst, and Varicent is strongly preferred.
  • CCP and/or PMP certifications are preferred.
  • Experience managing and developing staff is required.
Terumo's Commitment to Diversity and Inclusion

Terumo Medical Corporation is an equal opportunity employer and is committed to providing a diverse and inclusive work environment. We prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination, or any other terms and conditions of employment.



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