.Compensation Analyst GlobalDate: Jan 8, 2025Requisition ID: 33225At Terumo Blood and Cell Technologies, our 7,000+ global associates are 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.JOB TITLE: Compensation Analyst (Global)JOB SUMMARYThe 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 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; ensuring compliance with country/state/local laws, internal equity and external competitiveness; participating in key compensation cycles, studies, and projects; creating reports and maintaining data to monitor global compensation activity; and participating in various global salary surveys and other data exchanges to support compensation analyses.ESSENTIAL DUTIES AND RESPONSIBILITIES:Support the development, implementation, and maintenance of global compensation structures for all countries.Provide 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.
Conduct, participate in, and analyze compensation surveys to ensure compensation objectives are achieved.Conduct analyses related to cost and trends and provide 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 promotions