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Sr. Compensation Consultant

ID:  2444
Function:  Human Resources
Location: 

North Reading, MA, US


We are the global test and automation specialists, powering next-generation technologies through sophisticated solutions. Behind every electronic device you use, Teradyne's test technology ensures your device works right the first time, every time! Our portfolio of automation solutions help manufacturers to develop and deliver products quickly, efficiently and cost-effectively. Together, Teradyne companies deliver manufacturing automation across industries and applications around the world!

 

The Senior Compensation Consultant will be a part of the Global Compensation team and impact the company by supporting Teradyne global compensation initiatives. This individual will partner with HR colleagues and the management team by providing expertise and guidance on all compensation related matters. They will co-lead in administrating annual compensation programs, maintain, and ensure consistent application and standards of compensation practice, support incentive plans, assess market competitiveness and best practices. 

 

 MAJOR ACCOUNTABILITIES

 

 

  • Consult and advise HR regarding compensation governance interpretation, new hire offers, promotions, job evaluations, pay equity and other compensation initiatives.
  • Builds trusted partnerships with HR team members and internal customers with a service-oriented mindset.
  • Understand the business and related specific market conditions. Build critical relationships and demonstrate ability to influence stakeholders of all levels on compensation matters. 
  • Recommend design options for programs and policies as required.
  • Conduct annual market assessment to recommend competitive pay practices and propose global budgets for salary and equity compensation processes.
  • Partner and support business during annual compensation processes.
  • Audit bonus targets, bonus structures, and annual bonus payments. 
  • Analyze new and existing positions and assign salary range structure by interpreting salary survey data. Gathers and submits data to complete vendor salary surveys.
  • Conduct research, analyze information and data, and presents findings in a clear, concise manner tailored to audience.
  • Monitor existing compensation practices for trends and effectiveness and makes innovative recommendations for change. 
  • Perform special compensation, market, and equity studies as needed. 

 

REQUIREMENTS FOR SUCCESS

 

  • Bachelor’s degree with 8+ years of direct compensation experience required. Masters in related field preferred.
  • Team player who can effectively interact with multiple working styles and work across all levels of the organization
  • Working knowledge of Radford Global Survey
  • Ability to thrive in a fast-paced, team-oriented environment.
  • Previous SAP Success Factors experience preferred.
  • Ability to present to and work with the Executive and Senior Management Team
  • Must be organized and capable of successfully prioritizing work in a fast-moving environment.
  • Proven analytical and problem-solving skills and high attention to detail with large data sets. Ability to draw trends from data and propose creative solutions.
  • Strong written, verbal, and graphic communication skills including the ability to effectively translate data to varying audiences.
  • Must handle sensitive, confidential matters and situations with maturity and discretion.
  • Expert in Excel. Experience with macros.

 


 


Nearest Major Market: Boston

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