Senior Compensation Analyst

PTC Inc - Boston, MA

Full-time - Mid Level

Boston, MA

5,001-10,000 employees

Professional, Scientific, and Technical Services

About the position

Our world is transforming, and PTC is leading the way. Our software brings the physical and digital worlds together, enabling companies to improve operations, create better products, and empower people in all aspects of their business. Our people make all the difference in our success. Today, we are a global team of nearly 7,000 and our main objective is to create opportunities for our team members to explore, learn, and grow - all while seeing their ideas come to life and celebrating the differences that make us who we are and the work we do possible. As part of our global People Team, you will play a key role in driving transformation and innovation in our People organization. You will be part of a team of fun, innovative, and passionate people tasked with rolling out our new People strategy and supporting the growth and evolution of PTC. The Senior Compensation Analyst will play a pivotal role in evolving and scaling our compensation processes and programs in alignment with our business objectives. This role will be responsible for all of the traditional analyses of a compensation professional in addition to partnering with the broader People Team to strengthen our organizations baseline knowledge of compensation and administer PTC's compensation programs. This role will report to Compensation Manager and will collaborate closely with members of the Global Compensation team, the People Team, Finance, and line management to deliver competitive compensation programs throughout the organization.

Responsibilities

• Scale our processes and tools; you'll lead a continually effort to operationalize and automate so compensation can scale with our growth.
• Maintain integrity of compensation data and systems including internal job architecture, career paths, salary scales and comp ranges aligned with our compensation philosophy.
• Benchmark jobs against external survey providers, and other market intelligence to determine compensation ranges for each position; provide summary reports of job and compensation analyses.
• Prepare and maintain job descriptions for each position; ensure descriptions accurately reflect the work being performed by incumbents and are classified and mapped correctly (FLSA, leveling, etc).
• Administer our compensation programs such as comp cycles, promotions, goal-setting/scoring, variable pay. To start, you will lead some of these processes and overtime you will have the opportunity to be the project lead on each of our compensation programs.
• Design and build compensation metrics, reports, and tools to inform compensation program decisions and forecast/analyze compensation outcomes.
• Collaborate with HR business partners as well as business leaders.
• Assess jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
• Prepare and maintain job classifications and salary scales.
• Prepare and present summary reports of job analysis and compensation analysis information.
• Gather data from market-based compensation surveys; use spreadsheet and data analysis techniques to assess results and market trends.
• Analyze and benchmark roles for senior leaders.
• Design compensation programs for short-term and long-term incentive programs.
• Utilize experience in research, reporting and analysis, to help identify gaps and opportunity areas across compensation programs.
• Partner with finance, accounting, legal and tax departments to ensure regulatory and legal compliance of employee compensation practices.
• Deliver global projects based on overall HR prioritization.
• Perform other related duties as assigned.

Requirements

• 4+ years of experience in compensation, consulting, or related field in a high-growth, fast paced environment required
• Experience building compensation programs, managing projects, and scaling processes with company growth
• Strong experience with benchmarking roles with external survey providers, required; experience benchmarking against Radford and/or Mercer is preferred
• Strong analytical and strong Excel skills are required to analyze data and create meaningful, understandable models and reports; ability to see beyond the numbers to drive sound-decision making
• Knowledge of federal, state, and local laws impacting people operations and compensation
• Experience working with base pay and incentive plans, required
• Experience with global compensation strongly preferred
• Bachelor's degree or commensurate experience required, a strong background in data/quantitative analysis such as Finance, Statistics, or Economics preferred
• Ability to present and distill complex topics in a concise and meaningful manner to diverse stakeholders
• Must be able to independently problem solve and work under pressure in a deadline driven, rapidly changing organization
• Ability to exercise judgment and discretion in maintaining confidential and sensitive information
• The ability to gain alignment and represent a common point of view across multiple stakeholder.

Nice-to-haves

• Experience with global compensation programs
• Familiarity with compensation software and tools
• Certification in compensation or related field (e.g., CCP, GRP)

Benefits

• Competitive salary
• Health insurance
• 401(k) plan
• Paid time off
• Professional development opportunities
• Diversity and inclusion programs