Senior Compensation Analyst

Axcelis Technologies - Beverly, MA

Full-time - Mid Level

Hybrid - Beverly, MA

11-50 employees

Machinery Manufacturing

About the position

The Senior Compensation Analyst will be a critical member of the Axcelis Compensation team responsible for executing Axcelis compensation strategy. This role supports the development, implementation, and administration of Axcelis' global compensation programs. The position 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, allowing for flexibility in work arrangements. In terms of Compensation Program Management, the analyst will obtain a deep understanding of Axcelis' compensation data sources, submission and collection methods, and pay philosophy. They will benchmark new and existing roles to market survey data and manage the annual market data compensation survey process. The analyst will analyze and report on compensation trends and key metrics, supporting pay equity analyses. Collaboration with HR Business Partners, Talent Acquisition, and managers will be essential to support, respond to, and provide guidance on compensation-related issues. Additionally, the analyst will partner with the Compensation Director to develop and deliver educational and communication materials related to compensation to support global employee understanding and engagement. Regarding Job Architecture, Descriptions, and Salary Structure, the analyst will maintain Axcelis' job architecture framework and job descriptions. They will develop and maintain Axcelis' salary structure across all job families and levels, partnering 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. In the Annual Compensation Planning phase, the analyst will partner with the cross-functional HR team on executing and enhancing the annual compensation planning cycle (base, bonus, equity), including managing timelines, auditing data, and creating employee communications. They will create and manage documents and tracking related to quarterly bonus programs. The analyst will also be responsible for Audit and Systems Review, which includes reviewing and auditing compensation practices to ensure consistency and compliance. They will continuously seek process improvements, using technology to minimize data issues and manual work to facilitate efficient and scalable practices. Additionally, they will manage and maintain compensation data in HR information systems, ensuring data integrity and accuracy in compensation-related databases.

Responsibilities

• Conduct market research and benchmark salaries for new and existing roles.
• Maintain job architecture framework and job descriptions.
• Develop and maintain salary structure across all job families and levels.
• Partner with HRBPs and business leaders to create new jobs and job descriptions based on organizational needs.
• Manage the annual market data compensation survey process.
• Analyze and report on compensation trends and key metrics.
• Support pay equity analyses and collaborate with HR partners on compensation-related issues.
• Partner with Compensation Director to develop educational materials related to compensation.
• Execute and enhance the annual compensation planning cycle including base, bonus, and equity.
• Audit and review compensation practices for consistency and compliance.
• Manage and maintain compensation data in HR information systems.

Requirements

• Bachelor's degree required.
• Minimum of 5 years of professional experience in compensation analysis or related field.
• Proficiency in Workday or similar HRIS systems for compensation data management and analysis.
• Strong Excel skills with the ability to analyze large datasets.
• Strong attention to detail and analytical skills.
• Excellent problem-solving and research skills.
• Exceptional communication and interpersonal skills.
• Strong organizational skills with the ability to manage multiple projects simultaneously.
• Self-motivated with the ability to take initiative with minimal supervision.
• Ability to handle sensitive and confidential information with integrity and professionalism.