Compensation Analyst

Location: Bedford, MA | Hybrid

Position Scope:

Serves as the analytical subject matter expert for Anika’s Compensation programs.  Responsible for the integrity of external market data, developing an integrated job competency model, ongoing evaluation of Anika internal peer pay parity, and the smooth operation of the annual compensation and benefits planning process.  In addition, provides analytical support to the HR team as well as the Finance and Legal teams.

Strategic Focus Areas:

  • Design and maintenance of Anika compensation philosophy and structure to include Anika job band and title evaluation, developing career ladders, and competency model to support employee growth and development at Anika.
  • Project manage the annual compensation review process.  Develops related training and communication.  Develop career path, job architecture, and competency models to support Anika’s employee growth and development strategy.
  • In partnership with HR Operations & Shared Services Team, may perform user acceptance testing on system enhancements to the current application and/or implementation of a new HRIS system.  Ensures adherence to overall project timeline.
  • Responsible for and in partnership with the Legal department ensures Anika’s adherence and compliance with local, federal, and global pay laws and regulations.
  • Accountable for the salary survey submission process.  Tracks surveys and due dates. Prepares compensation profile, position matches and data compilation for salary survey submission. Maintains employee and survey data. Accountable for bi-annual market pricing process, updating levels and upload into HRIS system.  May analyze salary survey results to assess market competitiveness, and effectiveness of pay related programs.
  • Serve as the team expert on the Radford platform market-pricing application.  Creates best practices on usage of the tool and shares with the team.  Aids other members of the HR team on effective utilization of the tool for meaningful analytics.
  • Build & communicate annual Compensation calendar. Partner with the HR Operations & Shared Services team to organize key projects and milestones throughout the year.
  • As requested, conducts market analysis for individual employees/teams and develops recommendations for pay adjustments, promotional increases, and hiring ranges.  May work with Talent Acquisition to develop candidate offers.
  • Partner with HR, legal and external compensation consultant on the executive compensation process.
  • Performs special projects as assigned, may include ad-hoc research, analysis and conducting surveys in order to provide guidance on current and future Compensation programs.
  • Ability to partner effectively within the Finance and Legal teams and provide cross functional support / expertise as needed on topics to include payroll, employee equity programs, and 401k in support of the Company’s internal control processes.
  • Act accordingly as a Anika team member to support proxy, annual report and other relevant filings.

Required Qualifications:

  • BS Degree in Human Resources Management or a relevant discipline required.  PMP certification preferred.
  • A minimum of 4 years of professional experience in compensation or financial analysis, or other related experience.
  • Knowledge of job evaluation techniques, including market-pricing methodology.
  • Ability to manage projects of varying complexity.

Desired Experience, Knowledge, and Skills:

  • High degree of integrity / confidentiality
  • Knowledge and experience of compensation theory and practice; including market pricing; incentive design, etc.
  • Attention to detail
  • Highly analytic; ability to leverage and analyze data
  • Project Management
  • Strong Excel and HRIS skills
  • Ability to work autonomously, effectively manage time and deliver results on time
  • Excellent presentation skills, both written and in platform presentation format

We are an equal opportunity employer, and we do not tolerate discrimination based on characteristics such as age, gender, gender identity and expression, genetic status, sexual orientation, race, ethnicity, national origin, religion, disability, military status, family status, or any other protected category under federal, state, or local law.

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