Principal Compensation Analyst

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Description
Principal Compensation Analyst
Syneos Health is a leading fully integrated biopharmaceutical solutions organization built to accelerate customer success. We translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities.
Every day we perform better because of how we work together, as one team, each the best at what we do. We bring a wide range of talented experts together across a wide range of business-critical services that support our business. Every role within Corporate is vital to furthering our vision of Shortening the Distance from Lab to Life.
Discover what our 29,000 employees, across 110 countries already know.
WORK HERE MATTERS EVERYWHERE
Why Syneos Health

• We are passionate about developing our people, through career development and progression; supportive and engaged line management; technical and therapeutic area training; peer recognition and total rewards program.
• We are committed to our Total Self culture – where you can authentically be yourself. Our Total Self culture is what unites us globally, and we are dedicated to taking care of our people.
• We are continuously building the company we all want to work for and our customers want to work with. Why? Because when we bring together diversity of thoughts, backgrounds, cultures, and perspectives – we're able to create a place where everyone feels like they belong.
  

Job Responsibilities
This role would lead the collection, analysis, and interpretation of market compensation data to inform strategic decisions, including benchmarking against industry competitors, developing pay structures, and advising HR leadership on competitive compensation strategies, requiring a strong understanding of compensation practices, data analysis skills, and proficiency with market survey tools; often collaborating with HR business partners and senior management to ensure alignment with business objectives.
Key Responsibilities

• Market Research:
  • Conduct comprehensive market research using external salary surveys (e.g., Mercer, Radford) to gather data on competitor compensation practices for various job roles.
  • Analyze market trends and identify industry benchmarks to assess company competitiveness.
  • Conduct ad-hoc market analysis to support specific compensation initiatives.
• Data Analysis and Reporting:
  • Clean, manipulate, and analyze large datasets from multiple sources to generate actionable insights aligned to business strategy.
  • Develop detailed reports and presentations showcasing compensation trends, market positioning, and recommendations for salary adjustments.
• Compensation Structure Design:
  • Maintain salary ranges based on market data in alignment with company strategy.
• Survey Planning and Budgeting:
  • Annually review survey participation and budget and make recommendations for changes.
  • Manage the annual survey matching process. Own the relationship with our survey providers. Maintain and enhance our market database.
  • Explore new ways of working leveraging AI in benchmarking.
    

Required Skills And Experience

• Education and Background:
  • Bachelor's degree in Human Resources, Business Administration, Finance, or a related field
  • 5+ years of experience in global compensation analysis, with a focus on market research and data analysis
  • Fluent English( written and spoken)
• Technical Skills:
  • Advanced proficiency in Microsoft Excel and data analysis tools
  • Experience with compensation survey platforms
  • Experience with Payfactors is a plus
• Business Acumen:
  • Strong understanding of compensation principles and best practices
  • Ability to interpret complex data and translate insights into actionable recommendations
  • Knowledge of industry trends and competitive landscape
• Communication Skills:
  • Excellent written and verbal communication skills to effectively present findings to senior management and HR stakeholders
  • Ability to collaborate effectively with cross-functional teams
    

Get to know Syneos Health
Over the past 5 years, we have worked with 94% of all Novel FDA Approved Drugs, 95% of EMA Authorized Products and over 200 Studies across 73,000 Sites and 675,000+ Trial patients.
No matter what your role is, you'll take the initiative and challenge the status quo with us in a highly competitive and ever-changing environment. Learn more about Syneos Health.
Information
Tasks, duties, and responsibilities as listed in this job description are not exhaustive. The Company, at its sole discretion and with no prior notice, may assign other tasks, duties, and job responsibilities. Equivalent experience, skills, and/or education will also be considered so qualifications of incumbents may differ from those listed in the Job Description. The Company, at its sole discretion, will determine what constitutes as equivalent to the qualifications described above. Further, nothing contained herein should be construed to create an employment contract. Occasionally, required skills/experiences for jobs are expressed in brief terms. Any language contained herein is intended to fully comply with all obligations imposed by the legislation of each country in which it operates, including the implementation of the EU Equality Directive, in relation to the recruitment and employment of its employees. The Company is committed to compliance with the Americans with Disabilities Act, including the provision of reasonable accommodations, when appropriate, to assist employees or applicants to perform the essential functions of the job. Seniority level

• Seniority level Mid-Senior level

Employment type

• Employment type Full-time

Job function

• Job function Human Resources
• Industries Biotechnology Research, Pharmaceutical Manufacturing, and Research Services

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