Senior Compensation Analyst

Welcome to Boston Scientific, where we strive to improve the lives of patients through innovative medical solutions. We are currently seeking a highly skilled Senior Compensation Analyst to join our dynamic team. In this role, you will play a crucial role in designing and implementing compensation strategies to attract and retain top talent, while ensuring fairness and competitiveness. We are looking for a driven and detail-oriented individual with a strong understanding of compensation principles and experience in analyzing complex data. If you are ready to make a meaningful impact in the healthcare industry, we encourage you to apply for this exciting opportunity.

1. Develop and implement compensation strategies that align with the company's overall goals and objectives.
2. Analyze and evaluate market data to ensure the company's compensation packages are competitive and attract top talent.
3. Collaborate with HR and business leaders to understand job requirements and ensure appropriate compensation levels.
4. Review and update existing compensation policies and procedures to ensure compliance with legal and regulatory requirements.
5. Conduct job evaluations and benchmarking to ensure internal equity and external competitiveness.
6. Utilize data analysis and modeling techniques to identify trends and make recommendations for compensation changes.
7. Lead the annual salary review process by analyzing data and providing recommendations for salary adjustments.
8. Partner with finance and HR to develop and maintain a budget for compensation and benefits.
9. Develop and maintain relationships with external compensation consultants and stay updated on industry trends and best practices.
10. Communicate and educate employees and managers on compensation policies, procedures, and programs.
11. Participate in the design and implementation of variable pay programs, including bonus and incentive plans.
12. Ensure fairness and consistency in the administration of compensation programs.
13. Stay updated on changes in laws and regulations related to compensation and make necessary adjustments to policies and procedures.
14. Train and mentor junior compensation analysts to develop their skills and knowledge.
15. Contribute to special projects and initiatives related to compensation and benefits.

According to JobzMall, the average salary range for a Senior Compensation Analyst in Arden Hills, MN, USA is $85,000-$110,000 per year. This can vary depending on factors such as experience, education, and the specific company.

Boston Scientific Corp. engages in the development, manufacture and marketing of medical devices that are used in interventional medical specialties. Its products and technologies are used to diagnose or treat medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health and chronic pain conditions.