Senior Compensation Analyst

Posted:
9/10/2024, 9:28:31 AM

Location(s):
Massachusetts, United States ⋅ Beverly, Massachusetts, United States

Experience Level(s):
Senior

Field(s):
People & HR

Workplace Type:
Hybrid

The Senior Compensation Analyst will be a critical member of the Axcelis Compensation team responsible for executing Axcelis compensation strategy. The role supports the development, implementation and administration of Axcelis’ global compensation programs. Involves conducting market research, benchmarking salaries, maintaining job and salary structures, and working with HR partners and business leaders to address compensation-related issues. This position is hybrid or remote based.

Compensation Program Management

  • Obtain a deep understanding of Axcelis’ compensation data sources, submission/collection methods, and pay philosophy.
  • Benchmark new and existing roles to market survey data.
  • Manage the annual market data compensation survey process.
  • Analyze and report on compensation trends and key metrics.
  • Support pay equity analyses.
  • Collaborate with HR Business Partners, Talent Acquisition, and managers to support, respond, and provide guidance on compensation-related issues.
  • Partner with Compensation Director to develop and deliver educational and communication materials related to compensation to support global employee understanding and engagement.

Job Architecture, Descriptions, Salary Structure

  • Maintain Axcelis’ job architecture framework and job descriptions.
  • Develop and maintain Axcelis’ salary structure across all job families and levels.
  • Partner with HRBPs and business Leaders on the creation of new jobs, job levels, and job descriptions based on organizational needs, market benchmarking, and internal equity.

Annual Compensation Planning

  • Partner with cross functional HR team on executing and enhancing annual compensation planning cycle (base, bonus, equity) including managing timelines, auditing data, creating employee communications.
  • Create and manage documents and tracking related to quarterly bonus programs.

Audit and Systems

  • Review and audit compensation practices to ensure consistency and compliance.
  • Continuously seek process improvements, using technology to minimize data issues and manual work to facilitate efficient and scalable practices.
  • Manage and maintain compensation data in HR information systems, ensuring data integrity and accuracy in compensation related databases.

Job Requirements

  • Proficiency in Workday or similar HRIS systems for compensation data management and analysis.
  • Strong Excel skills are required, with the ability to analyze large datasets.
  • Strong attention to detail and analytical skills, ensuring accuracy in all aspects of the role.
  • Excellent problem-solving and research skills.
  • Exceptional communication and interpersonal skills and ability to effectively work in a team.
  • Strong organizational skills, with the ability to manage multiple projects simultaneously.
  • Self-motivated and has the ability to take initiative with minimal supervision.
  • The ability to handle sensitive and confidential information with integrity and professionalism.
  • Education/Experience: requires a Bachelor's degree with a minimum of 5 years of professional experience.

EQUAL OPPORTUNITY STATEMENT
It is the policy of Axcelis to provide equal opportunity in all areas of employment for all persons free from discrimination based on race, sex, religion, age, color, national origin, disability status, medical condition (including pregnancy), veteran status, sexual orientation, marital status, or any other characteristic protected by federal, state or local law.  Axcelis will provide reasonable accommodation necessary to enable a disabled candidate or employee to perform the essential functions of the position, unless the accommodation would create an undue hardship for the Company.