Senior Compensation Analyst (Teradyne, North Reading, MA)
About The Position
Teradyne is seeking a Senior Compensation Analyst to help lead the administration, analysis, and continuous improvement of its global compensation programs. The role partners across HR and the business to provide compensation insights, market analysis, and data-driven recommendations that support organizational objectives. It combines compensation expertise, advanced analytics, automation, and business consultation to improve the effectiveness, accuracy, and scalability of compensation processes. The analyst serves as a trusted advisor on complex compensation matters, applying independent judgment to develop practical recommendations aligned with Teradyne’s compensation philosophy, external competitiveness, and business objectives. The role communicates and presents compensation recommendations to HR and managers, including in high-visibility situations. Candidates must be local to the position location; relocation and sponsorship are unavailable.
Requirements
- Bachelor’s degree in Human Resources, Business, Finance, Economics, or a related field.
- At least 8 years of progressive compensation experience with a bachelor’s degree, or 6 years with a master’s degree, or an equivalent combination of education and experience.
- Experience supporting global compensation programs.
- Strong understanding of compensation principles, market pricing methodologies, salary structures, and compensation program administration.
- Experience with job architecture or job mapping, bonus programs, and long-term incentive programs.
- Advanced Microsoft Excel proficiency, including complex formulas, data analysis, modeling, reporting, and automation.
- Ability to analyze large, complex datasets and translate business questions into actionable insights and recommendations.
- Strong written, verbal, and presentation skills, including the ability to communicate complex compensation concepts to technical and non-technical audiences.
- Ability to build credibility and partner effectively with HR Business Partners, Field HR, and managers on complex, high-visibility compensation matters.
- Strong judgment, attention to detail, accountability, and ability to manage multiple priorities and deadlines.
- Continuous improvement mindset and interest in automation, AI-enabled technologies, process improvement, and emerging tools.
- Must be local to the position location; relocation is not provided.
- This position is not eligible for sponsorship.
Nice To Haves
- Experience with SAP SuccessFactors or similar HRIS platforms.
- Experience using AI tools and automation solutions to improve business processes.
Responsibilities
- Conduct market pricing analyses using compensation survey data, including Radford, Mercer, Comptryx, and other market intelligence sources.
- Analyze salary structures, pay equity, geographic differentials, and overall compensation competitiveness.
- Play a key role in annual compensation programs, including merit planning, promotions, bonus administration, equity programs, and salary structure development; recommend process and design improvements.
- Lead job mapping, market alignment, and leveling initiatives, including developing new frameworks and recommending enhancements to existing structures.
- Advise HR Business Partners and business leaders on global compensation matters, including offers, promotions, retention cases, internal equity concerns, organizational changes, and market competitiveness.
- Use advanced Excel and AI-enabled tools to develop dashboards, reports, models, and decision-support tools that provide workforce and compensation insights.
- Maintain compensation data integrity through governance, validation, audit, and confidentiality practices.
- Lead cross-functional compensation projects, partnering with HR Business Partners and Business Managers on compensation strategy and solutions.
- Evaluate complex compensation situations and develop practical, data-driven recommendations aligned with company compensation philosophy, external competitiveness, and business objectives.
- Communicate compensation concepts and present and defend recommendations to HR and managers, including in high-visibility situations.
Benefits
- Medical, dental, and vision benefits.
- Flexible Spending Accounts.
- Retirement savings plans.
- Life and disability insurance.
- Paid vacation and holidays.
- Tuition assistance programs.
- Discretionary bonus(es) based on financial performance.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
