Baxter International - Deerfield, IL
posted 3 months ago
At Baxter, we are deeply connected by our mission to save and sustain lives. As a Senior Compensation Analyst, you will play a crucial role in supporting the assessment, design, and implementation of compensation and incentive programs and policies. Your analytical skills will be essential for the administration of compensation plans and programs, ensuring that our employees are compensated fairly and equitably. You will participate in the development of compensation strategies that align with our organizational goals and values, contributing to a workplace where employees feel valued and motivated. In this role, you will analyze existing compensation and incentive programs, participating in implementation activities that include base pay programs and incentives. You will conduct job evaluations, collaborating with Field HR and management to define roles and determine exempt/non-exempt status. Your expertise will be vital in conducting and analyzing surveys to study labor markets and salary trends, which will inform Baxter's budgeting and pay rate decisions. You will also work closely with Shared Services on survey submissions and data management, analyzing survey data during annual updates to identify issues and recommend actions. Your responsibilities will extend to maintaining documentation of global compensation plan information and resolving inquiries related to compensation processes and tools. You will participate in functional reviews, analyzing market data to price jobs, including incentives and stock options, and developing actionable recommendations. Supporting the Annual Compensation Review (ACR) and other compensation processes will also be part of your duties, ensuring that Baxter remains competitive in the market while adhering to compliance requirements.