Sr Compensation Analyst

Aspentech - Bedford, MA

Full-time - Mid Level

Bedford, MA

1,001-5,000 employees

Professional, Scientific, and Technical Services

About the position

The role at AspenTech is pivotal in analyzing and administering compensation programs, policies, and procedures to ensure that the company is well-positioned to attract and retain high-quality talent. This position will focus specifically on Field Operations compensation programs, which encompass Sales, Inside Sales, Business Consulting, Professional Services, and Customer Support and Training. The successful candidate will ensure that these compensation programs align with the company's strategies and goals while remaining compliant with global regulations. Strong technical knowledge in compensation and the ability to build relationships with Human Resources partners and Line Management are essential for success in this role. In this position, you will work closely with Field Operations Executives to establish and review market-based target total compensation for all Field Operations positions, adhering to established policies and organizational strategies. It is crucial to ensure that all key positions are linked to accurate and appropriately leveled market data. You will evaluate and classify new positions to maintain external competitiveness and internal equity, regularly reviewing current base and incentive programs to assess their effectiveness and making recommendations for necessary changes. Additionally, you will be responsible for reviewing the methodology for promotions and transfers within and between Field job families, monitoring administration against guidelines globally in collaboration with regional HR representatives. You will also participate as a member of the cross-functional Sales Compensation team, partnering with HR and client organizations to provide service-oriented compensation analysis based on the business needs of the organization. This role includes participation in annual salary planning cycles, researching and administering compensation programs, and maintaining and auditing compensation data in Oracle to prepare comprehensive models and reports as needed. Compliance with laws and regulations such as FLSA, Title VII, Equal Pay Act, and others is a critical aspect of this role.

Responsibilities

• Analyze and administer compensation programs, policies, and procedures for Field Operations.
• Work with Field Operations Executives to set and review market-based target total compensation for all Field Operations positions.
• Ensure key positions are tied to accurate and appropriately leveled market data.
• Evaluate and classify new positions for external competitiveness and internal equity.
• Regularly review base and incentive programs for effectiveness and develop recommendations for changes.
• Review methodology for promotions and transfers within Field job families and develop recommendations for change.
• Monitor administration against guidelines globally in collaboration with regional HR representatives.
• Review distribution of field personnel within the company's salary structure and work with line clients to achieve desired outcomes.
• Participate as a member of the cross-functional Sales Compensation team.
• Partner with HR and client organizations to provide service-oriented compensation analysis and creative solutions.
• Participate in annual salary planning cycles including bonus, equity, and merit processes.
• Research, analyze, assess, and administer compensation programs and processes; document current processes and develop recommendations for improvements.
• Participate in the Oracle implementation team for compensation management technology and analytics.
• Maintain and audit compensation data in Oracle and prepare comprehensive models and reports as needed.
• Monitor compensation practices for compliance with laws and regulations.

Requirements

• Bachelor's degree required.
• 8-10 years of experience administering base, equity, and variable compensation programs in a global environment.
• Experience with field-based variable compensation and job evaluation and market pricing methods is essential.
• Professional Certification is essential; CCP is preferred.
• Excellent PC skills including Microsoft Office (Excel, Word, PowerPoint, and Access); Oracle knowledge is a plus.
• Exceptional analytical abilities, accuracy, and attention to detail.
• Proven organizational and project management skills, with the ability to manage multiple priorities in a fast-paced work environment.
• Flexible and proactive problem solver, adept at achieving results in a team-oriented and collaborative environment, but also able to function effectively independently.
• Effective communication and interpersonal skills with a strong service orientation.
• Ability to coach and influence others at all levels of the organization.
• Strong Excel skills, proficient in the use of functions, macros, and pivot tables.
• Aptitude for learning new systems and technologies.

Benefits

• Career development programs
• Support of community service projects
• Social events fostering relationship building
• Health insurance
• 401k retirement savings plan
• Paid holidays
• Flexible scheduling options
• Employee discounts
• Professional development opportunities