Open Systems Incorporated - Medina, MN
posted about 2 months ago
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.