Compensation Analyst

Company: BAXTER
Location: Deerfield
Posted on: November 17, 2022

Job Description:

This is where you save and sustain lives At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients. - Baxter's products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare. Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work. - Join us at the intersection of saving and sustaining lives- where your purpose accelerates our mission. - Your Role at Baxter: This position will be responsible for providing support for the assessment, design and implementation of compensation and incentive programs and policies. Provide analytical support required for the administration of compensation plans and programs. What you'll be doing:

• Participate in the development of compensation and incentive programs and policies. Analyze compensation and incentive programs and policies. Participate in implementation activities. Includes base pay programs, incentives, etc.
• Conduct job evaluations. Works with Field HR and management to understand and define the role. Determine exempt/non-exempt status (US/PR only).
• Conduct, analyze and participate in surveys to study labor markets and salary trends so as to establish Baxter budgets, pay rates, and other actions.
• Work with Shared Services on survey submission and survey data management. Analyze survey data during annual EMV/structure update processes to identify issues and determine actions.
• Support the administration of all compensation plans and programs in partnership with compensation CoE, Shared Services and other stakeholders.
• Ensure that Workday data structures support effective compensation administration.
• Ensure that processes exist to support the integrity of compensation-related data in Workday and other HRIT portfolio applications.
• Maintain documentation of global compensation plan information.
• Research and resolve issues/inquiries related to the plans, processes and tools involved in compensation.
• Participate in functional reviews. Analyze market data to price jobs (including incentives and stock options), conduct impact analysis, and develop recommendations/ action plans.
• Support Annual Compensation Review (ACR), pay and step structure, location differentials (City Clusters), and other processes as necessary. What you'll Bring:
  • Bachelor's degree required; Human Resources, Business, Finance, or related field of study preferred. Basic knowledge of statistics required.
  • At least 5 years' compensation experience highly preferred; experience in global company is a plus.
  • Experience with HR and Compensation systems, preferably Workday and Payfactors.
  • Knowledge of U.S. HR practices, procedures, required documentation and compliance requirements required
  • Excellent analytical skills; proficiency in MS Word, Excel, and PowerPoint; Excel skills to include formulas, charts, lookups, pivot tables macros and statistical modeling
  • Excellent oral and written communication skills demonstrating a high level of confidentiality and customer focus. #LI-JE1 The successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law. Equal Employment Opportunity Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.
    
    
    EEO is the Law -
    EEO is the law - Poster Supplement -
    Pay Transparency Policy Reasonable Accommodations Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information. Recruitment Fraud Notice Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice . 079367

Keywords: BAXTER, Arlington Heights , Compensation Analyst, Professions , Deerfield, Illinois