Compensation Analyst

Requisition ID:  31897  

At Terumo Blood and Cell Technologies, our 7,000+ global associates proud to come to work each day, knowing that what we do impacts the lives of patients around the world.

We make medical devices and related products that are used to collect, separate, manufacture and process various components of blood and cells. With our innovative technologies and service offerings, we touch a patient’s life every second of every day and are committed to continuing to increase the number of patients we serve.

With some of the best and brightest minds in the industry, an unmatched global footprint, comprehensive benefits and a distinct culture, Terumo Blood and Cell Technologies is a great place to work, grow and be part of a team that is focused on making a difference. Consider joining our team and unlock your potential. 

JOB TITLE: Compensation Analyst (Global)

JOB SUMMARY

The Global Compensation Analyst provides operational support in the administration of Global Compensation programs for Terumo Blood and Cell Technologies to attract, motivate, develop, reward, and retain of key talent. This role encourages a constructive dialogue amongst Global Human Resources and other business functions in the alignment of global compensation programs with business objectives, as well as to support the implementation, administration and management of concentrated tools and processes.

This role is responsible for supporting the design, development, analysis, and administration of global compensation programs, policies, and procedures; working closely with Human Resources staff on determining classifications and pay levels for positions; ensures country/state/local, collective bargaining and work council regulatory laws and rule compliance, internal equity and external competitiveness; participating in key compensation cycles, studies, and projects; creates reports and maintains data to monitor global compensation activity; and participates in various global salary surveys and other data exchanges to support compensation analyses. In addition, the role uses a knowledge of compensation theory and practice and will provide analytical support in broader areas of Total Rewards.

If you are passionate about compensation analysis and want to contribute to the success of our organization, we encourage you to apply for this exciting opportunity!

ESSENTIAL DUTIES AND RESPONSIBILITIES:

These duties are not meant to be all-inclusive and other duties may be assigned.

• Support the development, implementation, and maintenance of global compensation structures for all countries.
• Provides support and administration of global compensation programs, including annual compensation program review; annual salary review process; benchmarking of roles; maintaining and updating position descriptions.
• Create and modify salary structures and guidelines.
• Prepare total compensation recommendations.
• Conduct research, analysis and recommendations for new and revised plans and programs that are cost effective and consistent with compensation trends and align with objectives.
• Perform job evaluations, market job pricing, internal equity analyses, impact analysis, and plan effectiveness analyses. Conducts, participates in, and analyzes compensation surveys to ensure compensation objectives are achieved.
• Conducts analyses related to cost and trends and providing analytical data management support for measurement and tracking of key compensation metrics. Develop techniques for compiling, preparing, and presenting data to management.
• Support the annual salary budget process, providing country and associate group merit increases and promotion.
• Support the design and administration of short and long-term incentive plans.
• Document processes and ensure standardization and automation where possible.

• Provide support to simplify and ensure operational excellence in the execution of global Total Rewards programs.
• Provide support with job offers, finance accruals, internal equity reviews, severances/separations, and reorganizations.
• Provide consultative assistance to HR partners and management on global total rewards issues and concerns; as well as help support the Global Total Rewards Team on key projects and initiatives.

MINIMUM QUALIFICATION REQUIREMENTS

Education

Bachelor’s degree or, equivalent of education and experience sufficient to successfully perform the essential functions of the job may be considered. Preferred certification designation:  Certified Compensation Professional (CCP) and/or Certified Global Remuneration Professional (GRP) and/or Professional Human Resources (PHR) Certification designation.

Experience

Minimum 3 years’ experience.

Skills

• Experience in broad-based global compensation programs.
• Experience in building and leveraging cross functional relationships with Human Resources, Finance and Legal.
• Skilled knowledge of global compensation plans, laws, and regulations to include FLSA, EEO, 409A, and other wage and hour rules and regulations.
• Skilled and working knowledge with HR/Payroll and Microsoft Office software applications, preferably with the SuccessFactors suite and salary planning platforms and tools.
• Strong analytical ability.
• Strong customer service presence and focus.
• Strong organizational skills and demonstrated ability to manage multiple complex projects simultaneously.
• Strong process improvement and project management capability.
• Strong verbal and written communication skills; demonstrated presentation/facilitation skills.
• Demonstrated ability to manage large quantities of data.
• Demonstrated ability to adapt to change while consistently meeting strict deadlines.
• Demonstrated ability to use good judgement and discretion with highly confidential and sensitive information.
• Demonstrated ability to attend calls to accommodate international time zones.
• Demonstrated ability to work productively both independently and as an integral member of various teams.

-Or-

An equivalent competency level acquired through a variation of these qualifications may be considered.

PHYSICAL REQUIREMENTS

Typical Office Environment requirements include reading, speaking, hearing, close vision, walking, bending, sitting, and occasional lifting to 20 pounds. Ability to travel up to 10%.

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

Target Pay Range:  $69,600.00 to $86,900.00  -  Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data
Target Bonus on Base:  7.0%

At Terumo Blood and Cell Technologies, we provide competitive total reward offerings that consist of compensation, benefits, recognition, along with a wealth of other well-being, work-life and recognition programs which support in unlocking the potential for you and your family. Included in our expansive list of benefits offerings are multiple group medical, dental and vision plans, a robust wellness program, life insurance and disability coverages, also a variety of voluntary programs such as group accident, hospital indemnity, critical illness, pet insurance and much more. To help you save for retirement, we offer a 401(k) plan with a matching contribution and for work-life balance we have vacation and sick time programs for associates. For us, it’s about protecting the personal welfare of our associates and their families, helping to achieve personal goals and offering those extra touches for convenience, security and overall peace of mind.

• Terumo Blood and Cell Technologies is part of Terumo Group, founded in 1921 and headquartered in Tokyo, Japan.
• In 2019, Terumo Blood and Cell Technologies reached $1 billion in revenue.
• We employ nearly 7,000 associates globally, with global headquarters in Lakewood, CO, U.S., and regional headquarters in Brussels, Buenos Aires, Singapore and Tokyo.
• We manufacture devices, disposable sets and solutions at our facilities in Belgium, India, Japan, Northern Ireland, the U.S. and Vietnam. Our global presence enables us to serve customers in more than 130 countries.
• Our core values help set our direction, guide our actions and keep us true to our corporate mission of contributing to society through healthcare.
  • Respect – Appreciative of others
  • Integrity – Guided by our mission
  • Care – Empathetic to patients
  • Quality – Committed to excellence
  • Creativity – Striving for innovation
• We contribute to the Leukemia and Lymphoma Society (LLS), raising $1.3 million USD since 2007.

We are proud to be an Equal Opportunity Affirmative Action Employer.  All applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, gender identity or expression, sexual orientation, marital status, order of protection status, national origin or ancestry, citizenship status, age, physical or mental disability unrelated to ability, military status or an unfavorable discharge from military service.

Terumo Blood and Cell Technologies is committed to providing a safe, healthy and secure working environment. Our Colorado campus locations are tobacco-free workplaces, and we maintain a drug-free workplace and perform pre-employment substance abuse testing and detailed background verification.