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 utilizing external market data and internal position comparisons; and managing enterprise-wide projects such as Annual Compensation Planning.

This is a key position in the 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.

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.
• 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.
• 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

This is a hybrid role working from Milford, MA 3days a week (Tuesday through Thursday)

Qualifications

• Bachelor's degree in business, finance, HR, related field or commensurate experience
• Eight years’ experience in compensation
• Three years’ experience in global compensation environment
• CCP course work a plus
• Experience supporting M&A activities
• Strong analytical skills and proficiency in compensation tools and 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

#LI-Hybrid

Company Description

Waters Corporation (NYSE:WAT) is a global leader in life sciences and diagnostics, dedicated to accelerating the benefits of pioneering science through analytical technologies, informatics, and service. With a focus on regulated, high-volume testing environments, our innovative portfolio harnesses deep scientific expertise across chemistry, physics, and biology. We collaborate with customers around the world to advance the release of effective, high-quality medicines, ensure the safety of food and water, and drive better patient outcomes by detecting diseases earlier, managing routine infections, and combating antibiotic resistance. Through a shared culture of relentless innovation, our passionate team of ~16,000 colleagues turn scientific challenges into breakthroughs that improve lives worldwide. 

Diversity and inclusion are fundamental to our core values at Waters Corporation. It benefits our employees, our products, our customers and our community. Waters complies with all applicable federal, state, and local laws. Qualified applicants are considered without regard to sex, race, color, ancestry, national origin, citizenship status, religion, age, marital status (including civil unions), military service, veteran status, pregnancy (including childbirth and related medical conditions), genetic information, sexual orientation, gender identity, legally recognized disability, domestic violence victim status, or any other characteristic protected by law. Waters is proud to be an equal opportunity workplace and is an affirmative action employer. All hiring decisions are based solely on qualifications, merit, and business needs at the time.

Key Words

Compensation consultant, M&A, compensation programs, Human Resources, Analytics