Principal Compensation Consultant

Overview

The Principal Compensation Consultant will work closely with HR Business Partners and business leaders to drive solutions that attract, reward, and retain talent and support business objectives. This highly analytical role requires a deep understanding of compensation principles and the ability to perform a wide variety of duties including salary structure development and maintenance; integration and standardization of jobs in a complex environment; evaluation/market pricing of positions at all levels of the organization using external market data and internal position comparisons; and managing enterprise-wide projects such as Annual Compensation Planning.

This is a key position in the implementation and administration of compensation projects and programs. The individual in this position will provide counsel to People Leaders to ensure consistent and equitable application of compensation policies and practices across Waters; is an integral part of the compensation team; prioritizes multiple competing priorities inherent to supporting end-to-end compensation programs across geographies.

This will be a hybrid position in either in Milford, MA or New Castle, DE (2-3 days in the office)

Responsibilities

• Act as trusted advisor to HR and business groups, providing recommendations on compensation matters in support of business goals regarding application of compensation policies, practices, and guidelines
• Develop insights to analyze effectiveness and market competitiveness of compensation programs
• Conduct job evaluations, job leveling, and provide salary recommendations ensuring internal equity and market alignment of total compensation
• Develop and maintain job codes and associated market data and system requirements
• Manage the annual global compensation survey process with the Compensation Team: organize and prepare survey submissions, respond to quality audits, maintain survey database (BetterComp), lead the annual analysis, present findings, develop market ranges, and load into HRIS system
• Research and manage compliance with applicable regulatory requirements while staying up to date on current related legislation

• Participate in the planning, development, implementation and administration of a wide variety of employee compensation programs including base pay, merit, incentive, and equity.
• Responsible for all compensation programs for assigned geography
• Develop and deliver communications and training related to compensation programs, policies, and process
• Work closely with all areas of HR in the development, implementation, revision, and maintenance of programs to support the efficient administration of compensation programs and analyses
• Participate in other Total Rewards projects

Qualifications

• Bachelor's degree in business, finance, HR, or related field or commensurate experience
• Eight years’ experience in compensation
• Three years’ experience in global compensation environment
• CCP course work a plus
• Knowledge of compensation best practices
• Advanced analytical, problem solving, and project management skills
• Exceptional organization and attention to detail
• Strong written, verbal, and interpersonal communications and presentation skills
• Demonstrated ability to work well with cross-functional groups
• Proficiency in advanced Excel and PowerPoint

Company Description

Waters Corporation (NYSE: WAT), the world's leading specialty measurement company, has pioneered chromatography, mass spectrometry and thermal analysis innovations serving the life, materials, and food sciences for over 60 years. With approximately 8,000 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, with products available in more than 100 countries. Our team focuses on creating business advantages for laboratory-dependent organizations to enable significant advancement in healthcare delivery, environmental management, food safety, and water quality.   

Working at Waters enables our employees to unlock the potential of their careers. Our global team is driven by purpose. We strive to be better, learn and improve every day in everything we do. We’re the problem solvers and innovators that aren’t afraid to take risks to transform the world of human health and well-being. We’re all in it together delivering benefit as one to provide the insights needed today in order to solve the challenges of tomorrow. 

Diversity and inclusion are fundamental to our core values at Waters Corporation. It is our responsibility to actively implement programs and practices to drive inclusive behavior and increase diversity across the organization. We are united by diversity and thrive on it for the benefit of our employees, our products, our customers and our community. Waters is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity or protected Veteran status. 

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