Sr Compensation Analyst

Open Systems Incorporated - Medina, MN

Full-time

Medina, MN

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 the company attracts and retains high-quality talent. This position will focus specifically on Field Operations compensation programs, which include 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. In this role, you will collaborate 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 essential 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 monitor the administration of compensation against guidelines globally, working in concert with regional HR representatives. Your responsibilities will also include participating as a member of the cross-functional Sales Compensation team, providing service-oriented compensation analysis based on the organization's business needs, and participating in annual salary planning cycles, including bonus, equity, and merit processes. You will research, analyze, assess, and administer compensation programs and processes, documenting current practices and developing recommendations for improvements. Furthermore, you will be involved in implementing compensation management technology and analytics as part of the Oracle implementation team, maintaining and auditing compensation data in Oracle, and ensuring compliance with relevant laws and regulations.

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.
• Provide service-oriented compensation analysis based on business needs and offer 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 changes.
• Implement compensation management technology and analytics as part of the Oracle implementation team.
• 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 essential.
• Professional Certification essential; CCP preferred.
• Excellent PC skills including Microsoft Office (Excel, Word, PowerPoint, and Access); Oracle knowledge 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.
• 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.