Job Summary

The Sr Compensation Analyst is responsible for developing, implementing, and managing compensation programs that support the organization's strategic objectives. This role conducts market analysis, evaluates internal equity, and provides expert guidance on pay decisions, policies, and procedures to ensure alignment with business goals and compliance with applicable laws and regulations.

Duties & Responsibilities

Analyze compensation data and conduct market pricing to support competitive salary ranges and pay structures
Lead job evaluation processes and classification reviews, partnering with HRBPs and department leaders
Develop and maintain salary structures, incentive plans, and other compensation tools
Provide analytical support and compensation modeling for annual compensation cycles, including merit increase & bonus programs
Monitor internal pay equity and ensure compliance with pay transparency and pay equity laws
Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges
Support the development and communication of compensation policies, training materials, and compensation-related tools for HR and management
Partner with HR and Talent Acquisition to ensure consistent application of compensation guidelines in offers and promotions.
Participate in compensation surveys and maintain up-to-date market data
Assist in compensation-related audits, compliance efforts, and regulatory filings as needed

Minimum & Preferred Qualifications and Experience

Minimum Qualifications

5+ years of experience in compensation analysis or a related HR role
Strong analytical, problem-solving, and data interpretation skills
Proficient in Excel, HRIS systems (e.g. Oracle HCM), and compensation survey tools (e.g., Radford)
Experience with global compensation practices
Knowledge of federal and state compensation laws and regulations

Preferred Qualifications

Certified Compensation Professional (CCP)
Familiarity with sales compensation programs

Education

Bachelor’s degree, in business administration, human resources or related field

Compensation

The anticipated salary range for this position is $100,000 - $120,000 plus benefits. Actual placement within the range is dependent on multiple factors, including but not limited to skills, education, and experience.

This position also qualifies for up to 10% annual bonus based on Company, department, and individual performance.

Masimo offers benefits such as Medical, Dental, Vision, Life/AD&D, Disability Insurance, 401(k), Vacation, Sick, Holiday, Paid Maternity Leave, Flexible Spending Accounts, Voluntary Accident, Critical Illness, Hospital, Long-Term Care, Employee Assistance Program, Pet Insurance, on-site wellness clinic, fitness center, and Cafe. All benefits are subject to eligibility requirements.

Physical requirements/Work Environment

This position primarily works in an office environment. It requires frequent sitting, standing and walking. Daily use of a computer and other computing and digital devices is required. May stand for extended periods when facilitating meetings or walking in the facilities. Some local travel is necessary, so the ability to operate a motor vehicle and maintain a valid Driver’s license is required.

The physical demands of the position described herein are essential functions of the job and employees must be able to successfully perform these tasks for extended periods. Reasonable accommodations may be made for those individuals with real or perceived disabilities to perform the essential functions of the job described.